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Treasury, IRS Release Final Regulations on Elective Pay Election for Energy Tax Credits
March 8, 2024ArticleTreasury, IRS Release Final Regulations on Elective Pay Election for Energy Tax Credits
March 8, 2024The Department of the Treasury and the IRS on March 5 released final regulations (TD 9988) on the elective pay election for certain energy tax credits under IRC Section 6417, added by the Inflation Reduction Act (IRA), which treats the credits as a payment against federal income tax liabilities.
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