KPMG report: Initial observations on Notice 2023-29 guidance on determining energy communities for IRA tax credits
KPMG initial observations
Energy community production and investment tax credits under IRA
The U.S. Treasury Department and IRS on April 4, 2023, released Notice 2023-29 [PDF 170 KB], providing guidance relating to the potential additional tax credit amounts available for locating a project in an “energy community.” The notice indicates that the rules provided are intended to be issued as forthcoming proposed regulations which will apply to tax years ending after April 4, 2023, but the notice also notes that taxpayers may currently rely on the rules set forth in the notice.
Read an April 2023 report [PDF 217 KB] that provides initial observations on the guidance on energy community production and investment tax credits under the “Inflation Reduction Act of 2022” (IRA).
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