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07 January 2025

Final regulations released implementing clean electricity production and investment tax credits

The IRS and Treasury Department on January 7, 2025, released final regulations (TD 10024) implementing the IRC Section 45Y clean electricity production credit and the IRC Section 48E clean electricity investment credit established by the Inflation Reduction Act of 2022. The final regulations adopt, with some modifications, the proposed rules' instructions for determining greenhouse gas emissions rates resulting from electricity production, petitioning for provisional emissions rates and determining credit eligibility. A Tax Alert is forthcoming.

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Published by NTD’s Tax Technical Knowledge Services group; Chris DeZinno, legal editor

Document ID: 2025-0161

 

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