April 29, 2024 IRS releases 2024 allocation guidance for IRC Section 48C advanced energy project credits Treasury and the IRS today released guidance (Notice 2024-36) on the second round of allocations under the IRC Section 48C(e) program for qualifying advanced energy project credits (see Tax Alert 2023-1012). This round will allocate approximately $6b, with approximately $2.5b to energy community census tracts. A Tax Alert is forthcoming.
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