16 January 2025

IRS updates elective safe harbor for domestic content bonus credit

The IRS on January 16, 2025, in Notice 2025-08, updated the elective safe harbor for the domestic content bonus credit under IRC Sections 45, 45Y, 48 and 48E for qualified facilities, energy projects and energy storage technology that was established in Notice 2024-41 (See Tax Alert 2024-1041). A Tax Alert is forthcoming.

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

Document ID: 2025-0253