Inflation Reduction Act: IRS Expands Eligibility for Energy Community Bonus Credit
On March 22, 2024, the Treasury Department and Internal Revenue Service released Notice 2024-30. The 2024 Notice, which modifies Notice 2023-29, generally increases the likelihood that offshore wind projects will be eligible for the energy communities adder and grows the number of US counties that are eligible for status as an energy community.
Contributor(s)
More from the Weil Tax Blog
Copyright © 2024 Weil, Gotshal & Manges LLP, All Rights Reserved. The contents of this website may contain attorney advertising under the laws of various states. Prior results do not guarantee a similar outcome. Weil, Gotshal & Manges LLP is headquartered in New York and has office locations in Boston, Brussels, Dallas, Frankfurt, Hong Kong, Houston, London, Miami, Munich, New York, Paris, Shanghai, Silicon Valley and Washington, D.C.