The U.SThe U.S.
ACORE 3:16 pm on May 16, 2024
The U.S. Treasury and IRS have released additional guidance on the domestic content bonus tax credit, enhancing clarity for companies investing in clean energy. ACORE praises improvements like default cost percentage references and expanded safe harbors, anticipating positive effects on clean energy investment.
- Tax Credit Guidance Released: The Treasury and IRS offer more specific rules for domestic content bonus tax credits.
- ACORE's Appreciation: ACORE acknowledges the benefits of clarity, default costs, and expanded safe harbor classifications in promoting clean energy deployment.
- Stimulation of Private Sector Investment: The bonus credit is expected to spur billions in private investments and numerous jobs through domestic manufacturing support.
- Clean Energy Expansion Impacts: ACORE anticipates the guidance will accelerate transition towards clean energy economy leadership.
- Event Information: The upcoming event invites stakeholders to discuss and strategize further on renewable energy policy, investment opportunities, and advocacy.
https://acore.org/news/treasury-department-irs-release-additional-guidance-on-domestic-content-bonus-credit/
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