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With the Inflation Reduction Act of 2022 (IRA) signed into law, it is critical for businesses to fully understand the landscape of federal incentive opportunities and how they may apply to their operations. The IRA includes over $350 billion in new and expanded incentives for energy efficiency, renewable and clean energy investments, fleet decarbonization, infrastructure improvements and other sustainability-related investments. When these incentives are combined with those in the Infrastructure Investment and Jobs Act (IIJA), signed into law in November 2021, the federal government is poised to make substantial investments in clean energy and sustainability through at least FY2026. The incentives are significant, particularly when coupled with available state and local tax credits and incentives to support investment. Companies need to understand the applicability, timing and process for disbursement of these incentives.

Join our team of Ernst & Young LLP subject matter professionals for a discussion of the latest federal incentive developments, including new and expanded opportunities under the IRA.

The discussion will include:

• An overview of incentive opportunities under IRA and IIJA and their broad applicability across multiple sectors and industries
• A discussion of key provisions:
• IRC Section 48C – Advanced Energy Project Credit
• IRC Section 45X – Advanced Manufacturing Production Credit
• Fleet decarbonization incentives
• Renewable energy tax credits
• Other new and/or expanded tax credits, grants and incentives for investments in clean energy and sustainability
• Direct-pay options and transferability of tax credits
• The importance of embedding federal, state and local incentives in your company’s capital investment strategy to help drive consistent return on investment

Date: Tuesday, August 23, 2022

Time: 1:00–2:15 p.m. ET New York; 10:00–11:15 a.m. PT Los Angeles

Registration: View archive here.

Panelists

• Mike Bernier, Partner, Indirect Tax Credits & Incentives, Ernst & Young LLP

• Brian Smith, Principal, Ernst & Young LLP and EY Global/Americas Location Investment, Credits & Incentives Leader

• Akshay Honnatti, Senior Manager, US Sustainability Tax Leader, Ernst & Young LLP

• David Camerucci, Manager, Global Location Investment Credits and Incentives, Ernst & Young LLP

• Leslie Macek, Partner, Indirect Tax Credits & Incentives, Ernst & Young LLP

• Scott Roberti, Managing Director, Indirect Tax State/Local Policy Leader, Ernst & Young LLP

Moderator

• Paul Naumoff, Principal, Ernst & Young LLP and EY Global Sustainability Tax Leader

CPE credit offered: 1.4. Recommended field of study: Taxes. Learning objectives: Identify federal incentive opportunities in the IRA and IIJA and how they might apply to business operations; recognize the timing and process for disbursement of these federal incentives and how they may be coupled with state and local tax credits and incentives. This intermediate-level, group internet-based course has no prerequisites or advanced preparation. Final CPE award to be based on content, polling and length of participation. See CPE FAQ for more information.

EY webcast managed and produced by the NTD Tax Knowledge Services Group, Washington, DC: Lynn Fairfax | lynn.fairfax@ey.com and Barbara Kirchheimer | Barbara.Kirchheimer@ey.com

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