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Finally! IRS Issues Guidance on Domestic Content IRA Tax Credit "Adder".
- Source :
- Journal of Taxation of Investments; Summer2023, Vol. 40 Issue 4, p3-13, 11p
- Publication Year :
- 2023
-
Abstract
- The Internal Revenue Service and U.S. Department of the Treasury released Notice 2023-38 on May 12, 2023, which establishes rules for testing an applicable "green" energy facility's eligibility for a bonus federal income tax credit amount, as enacted under the Inflation Reduction Act of 2022, attributable to the steel, iron, or manufactured product that is a component of such facility being produced in the United States. [ABSTRACT FROM AUTHOR]
- Subjects :
- TAX credits
INCOME tax
IRON
MANUFACTURED products
INDEPENDENT contractors
Subjects
Details
- Language :
- English
- ISSN :
- 07479115
- Volume :
- 40
- Issue :
- 4
- Database :
- Complementary Index
- Journal :
- Journal of Taxation of Investments
- Publication Type :
- Academic Journal
- Accession number :
- 172354675