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February 24, 2023
2023-0367

Tuesday, March 14 | Latest clean-energy and manufacturing incentives and grants from the US and Europe: IRA (including Section 48C), IIJA and EU (1 pm ET)

A deeper dive into next steps of realizing these unprecedented government subsidies

Now that companies have begun claiming tax credits and grants under the Inflation Reduction Act of 2022 (IRA) and the Investment, Infrastructure and Jobs Act (IIJA), many have questions about the incentives' requirements, as well as their applicability, timing and disbursement process (which may be time-sensitive). The European Union's (EU's) recent release of its Green Deal Industrial Plan, which includes initial details to better match US green subsidies for manufacturing, raises similar questions.

Join our panelists for an in-depth discussion of these incentives. Topics to be discussed include:

  • Notice 2023-18, which provides updated guidance and timing on the Section 48C Advanced Manufacturing Tax Credit
  • How taxpayers claiming IRA tax credits can use technology to secure a 30% bonus credit (instead of the 6% base credit) by paying laborers prevailing wages and utilizing apprentices
  • Additional discussion of the benefits of Energy communities and other designations
  • Updated guidance and timing for IIJA incentives
  • Updated guidance under Section 45X and lessons learned
  • Guidance on Section 48 and Section 45 clean energy credits and lessons learned
  • Potential benefits of the Green Deal Industrial Plan for European manufacturers

Date: Tuesday, 14 March 2023

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

Registration: View archive here.

Panelists

Dorian Hunt, Managing Director, Indirect Tax Credits & Incentives, Ernst & Young LLP

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

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

David Camerucci, Senior Manager, Sustainability Tax Credits & Incentives, Ernst & Young LLP

Dan Nicholas, Federal Grants, Ernst & Young LLP

Moderator

Paul Naumoff, EY Global Sustainability Tax Co-Leader and Principal, Global Location Investment, Credits & Incentives Services, Ernst & Young LLP

CPE credit offered: up to 1.2 depending on duration. Recommended field of study: Taxes. Learning objectives: Recognize the key elements of recent guidance on the clean energy subsidies enacted in the IRA and IIJA; identify steps and processes for disbursement of these 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 Ernst & Young LLP's Tax Technical Knowledge Services Group, Washington, DC: Lynn Fairfax | lynn.fairfax@ey.com and Barbara Kirchheimer | Barbara.Kirchheimer@ey.com

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