1. Part IV: Notice of Proposed Rulemaking.
- Author
-
O'Donnell, Douglas W.
- Subjects
NOTICE of proposed rulemaking (Administrative law) ,GREENHOUSE gases ,INFLATION Reduction Act of 2022 ,FEDERALLY recognized Indian tribes ,RENEWABLE natural gas ,WASTE products as fuel ,BIOGAS industry ,HYDROELECTRIC power plants ,SCHOOL facilities ,ACCOUNTING students - Abstract
This document is a notice of proposed rulemaking from the IRS regarding tax credits for the production of low greenhouse gas (GHG) emission electricity. The proposed regulations establish rules for determining eligibility for these credits, including calculating qualified investment and adding capacity to a facility. The document also discusses retrofitting existing facilities, ownership rules, and credit recapture. It provides guidelines for determining emissions rates and obtaining provisional emissions rates. The proposed regulations aim to incentivize clean energy production and investment, but the impact on small businesses is uncertain. Public comments and a hearing will be held to gather feedback. [Extracted from the article]
- Published
- 2024