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June 29, 2023
2023-1161

Friday, July 14 | Latest guidance related to IRA and IIJA tax incentives and grants (1 pm ET)

A deeper dive on how to secure 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). We will review recent guidance issued by administrative authorities to help you identify, secure and comply with the requirements for these tax credits, grants and other subsidies.

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

  • Updated guidance and considerations around:
    • Section 48C Advanced Manufacturing Tax Credit (Notice 2023-44)
    • Location-based bonus credit opportunities (Notices 2023-45 and 2023-47)
    • Domestic content bonus credit (Notice 2023-38)
    • Critical minerals and battery component requirements under Section 30D (REG-120080-22)
  • Monetization of credits under Sections 6417 and 6418
    • Issues to consider when transferring credit
    • Seller issues
    • Buyer issues
    • How the market is evolving
  • How technology can help taxpayers claiming IRA tax credits secure a 30% bonus credit (instead of the 6% base credit) if they pay laborers prevailing wages and utilize apprentices
  • Federal grant opportunities and timing
  • A global update on the potential impact of the European Union’s Carbon Border Adjustment Mechanism, the Green Deal Industrial Plan for European manufacturers and other EU developments

Date: Friday, July 14, 2023

Time: 12:00–1:00 p.m. ET New York; 9:00–10:00 a.m. PT Los Angeles

Registration: View archive here.

Panelists

  • Mike Bernier, Partner, Tax Credit Investment Advisory Services, Ernst & Young LLP
  • Dorian Hunt, Managing Director, Tax Credit Investment Advisory Services, Ernst & Young LLP
  • Akshay Honnatti, Senior Manager, US Sustainability Tax Leader, Ernst & Young LLP
  • David Camerucci, Senior Manager, Sustainability Tax Credits & Incentives, Ernst & Young LLP
  • Ilona van den Eijnde, Senior Manager, Sustainability Tax Services, Ernst & Young LLP
  • Brandon N. Hanna-Metz, Senior Manager, Global Location Investment, Credits and Incentives Services, 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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