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IRS Issues Update on Advanced Energy Tax Credit Opportunities
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Subscribe03 SEP 2024 / IRS UPDATES
The U.S. Treasury, IRS, and DOE are progressing with the second round of the Advanced Energy Project Tax Credit (48C) Program, attracting over 800 proposals worth almost $40 billion in tax credits and $200 billion in investments. This initiative is important for businesses focused on clean energy, especially those in communities affected by coal mine and plant closures, with about $10.3 billion of credits set aside for these energy communities.
The U.S. Treasury, IRS, and DOE are moving full steam ahead with Round 2 of the Qualifying Advanced Energy Project Tax Credit (48C) Program. This round is seeing overwhelming interest with over 800 proposals, requesting nearly $40 billion in tax credits a...
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