Tax credits

A rule change allowing non-profits to cash in green energy credits presents both opportunities and challenges.

Detroit, which has several climate-friendly projects in the pipeline, is seeking a tax advisor to help navigate snag tax credits in the Inflation Reduction Act.

There are a variety of reasons more finance officers aren't talking about potntially game-changing tax credits.

Cities and states are eligible to apply for the program, which gives eligible solar and wind facilities in low-income areas increased investment tax credits of 10% or 20%.

Changes to the direct-pay system provides opportunities for nonprofits to cash in tax credits

The IRS has published its final regulations on e-filing of Form 8038-CP and will require electronic filings beginning with returns filed after Dec. 31, 2023.

If the IRA's tax credits prove popular for building clean energy projects, they may be expanded into basic infrastructure financing, said University of Chicago professor Justin Marlowe.

Fitch said it expects the law will spur more public power borrowing for clean energy facilities.

Lawmakers and advocates of U.S. tax credits like tax-exempt debt aren't getting many answers from Treasury about an impending global tax regime that diminishes the value of the tax tools.

The city has received a notice from the IRS seeking evidence bond proceeds were used on the construction, rehabilitation or repair of public school buildings.