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- Title
A Brief Overview of the Inflation Reduction Act's Clean Energy Tax Credit Provisions.
- Authors
Suyoung Moon
- Abstract
Renewable energy developers often have not had enough tax capacity to utilize the tax credits and depreciation deductions generated by energy projects and so have traditionally monetized those tax benefits by bringing tax equity investors with sufficient tax liability into the projects through joint ventures. 9 The direct pay option is available to taxable entities for a limited period of time with respect to following three tax credits: section 45Q (Carbon Oxide Sequestration Credit), section 45V (Clean Hydrogen Production Tax Credit), and section 45X (Advanced Manufacturing Production Credit). The Inflation Reduction Act (IRA) signed into law on August 16, 2022 has generated explosive interest in clean and renewable energy investment in the United States.
- Subjects
ENERGY tax; CLEAN energy; TAX administration &; procedure; GREENHOUSE gases; ECONOMIC change; INDUSTRIAL real estate; BROWNFIELDS
- Publication
ABA Tax Times, 2023, Vol 42, Issue 4, p18
- ISSN
2381-5868
- Publication type
Article