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- Title
Tax Credit Transferability and Direct Pay Proposed Under the IRA: Potential for interactions with Section 174 complicate a seemingly simple program.
- Authors
Marshall, Starling; Lane, Christine; Federico, Carina
- Abstract
The article focuses on The proposed regulations under the Inflation Reduction Act (IRA) outline transferability and direct pay eligibility for green tax credits, highlighting potential interactions with Section 174 of the Internal Revenue Code and concerns regarding recapture events, with key themes including requests for broader definitions of specified credit portions, clarification on the application of passive activity rules, and streamlining the pre-filing registration process.
- Subjects
UNITED States. Internal Revenue Service; AMERICAN Recovery &; Reinvestment Act of 2009; SALES tax; ENERGY tax
- Publication
Tax Executive, 2023, Vol 75, Issue 6, p32
- ISSN
0040-0025
- Publication type
Article