KPMG report: Proposed regulations on investment tax credit for energy property under section 48
Initial observations and analysis on the proposed regulations
Initial observations and analysis on the proposed regulations
The U.S. Treasury Department and IRS in November 2023 released proposed regulations [PDF 263 KB] on the investment tax credit (ITC) for energy property under section 48. Read TaxNewsFlash
The proposed regulations provide clarifying definitions for energy property that has been ITC eligible for many decades and also for energy property that became newly eligible for the ITC under the “Inflation Reduction Act of 2022” (IRA).
Read a December 2023 report [PDF 805 KB] prepared by KPMG LLP that provides initial observations and analysis on the proposed regulations.
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