2024-19617 · Proposed rule or notice
Guidance on Clean Electricity Low-Income Communities Bonus Credit Amount Program
- Jurisdiction
- Federal
- Current status
- Proposed Rule
- Issuing body / sponsor
- Treasury Department
A proposal or notice is not a final requirement.
Latest action
Notice of proposed rulemaking and notice of public hearing.
Sep 3, 2024
Subject areas
Policy mechanisms
No policy mechanisms are assigned.
Tracker tags, not legal conclusions.
Quick summary
This document contains proposed 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 environmental justice capacity limitation to increase the amount of the clean electricity investment credit for the taxable year in which the facility is placed in service.…
Read full summary
This document contains proposed 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 environmental justice 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 describes proposed definitions and requirements that would be applicable for the program.
Source-provided or tracker summary; not operative legal text.
Linked record: federalregister.gov. Inspect the source before relying on the tracker’s interpretation.