WebAug 26, 2024 · I. Clean Electricity and Reducing Carbon Emissions Production Tax Credit (PTC) Extension/Modification (§13101) Extends the beginning of construction deadline … WebAug 11, 2024 · Section 13702 of the IRA would provide a new clean electricity investment tax credit, designed to phase out once greenhouse gas emissions reduction targets are achieved (i.e., when electric power sector emissions fall to 25% of 2024 levels). ... Section 13801 of the IRA would allow certain tax-exempt entities to receive tax credit amounts as ...
How Cities Can Optimize Federal and State Funding Opportunities …
WebAug 22, 2024 · Section 13801 of the IRA, which adds a new Section 6417 to the tax code, allows states and municipalities, along with other tax-exempt organizations like … WebDec 5, 2024 · The Inflation Reduction Act of 2024 (IRA) has some hidden gems for public sector, electric co-ops, and tribal organizations. ... Please add additional points and ideas in the comments section. ... The IRA comes through in Section 13801, which allows certain tax-exempt entities to treat certain energy-related tax credit amounts as direct ... great erie credit union orchard park
Inflation Reduction Act - Project Funding for Utilities, Co-ops, and ...
WebAug 29, 2024 · The IRA allows a new credit for the purchase of a previously owned clean vehicle purchased after December 31, 2024, and by December 31, 2032 [IRA section 13401]. Only one credit is allowed for any new … WebAug 15, 2024 · Section 13801. Elective Payment for Energy Property and Electricity Produced from Certain Renewable Resources, etc. and Transferability of Applicable Credits Elective Payment WebSection 13301(i) of the IRA provides the effective dates for the amendments to § 25C. In general, except as provided in § 13301(i)(2) and (3), the amendments apply to property placed in service after December 31, 2024. Section 13301(i)(2) of the IRA provides that amendments made by § 13301(a) of the IRA relating to the extension of great erie federal credit orchard park