2025-00331 · Final rule
Guidance on Clean Electricity Low-Income Communities Bonus Credit Amount Program
- Jurisdiction
- Federal
- Current status
- Final Rule
- Issuing body / sponsor
- Treasury Department
Verify the effective date, covered entities, and operative text.
Latest action
Final regulations.
Jan 13, 2025
Subject areas
Policy mechanisms
No policy mechanisms are assigned.
Tracker tags, not legal conclusions.
Quick summary
This document contains final regulations concerning the program to allocate clean electricity low-income communities bonus credit amounts established pursuant to the Inflation Reduction Act of 2022 for calendar years 2025 and succeeding years. Applicants investing in certain clean electricity generation facilities that produce electricity without combustion and gasification may apply for an allocation of capacity limitation to increase the amount of the clean electricity investment credit for the taxable year in which the facility is placed in service.…
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This document contains final regulations concerning the program to allocate clean electricity low-income communities bonus credit amounts established pursuant to the Inflation Reduction Act of 2022 for calendar years 2025 and succeeding years. Applicants investing in certain clean electricity generation facilities that produce electricity without combustion and gasification may apply for an allocation of capacity limitation to increase the amount of the clean electricity investment credit for the taxable year in which the facility is placed in service. This document provides definitions and requirements that are applicable for the program. The final regulations affect taxpayers seeking allocations of capacity limitation to claim an increased clean electricity investment credit.
Source-provided or tracker summary; not operative legal text.
Linked record: federalregister.gov. Inspect the source before relying on the tracker’s interpretation.