Jerome Garciano

Jerome Garciano

Akin Gump Strauss Hauer & Feld LLP

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IRS Issues Proposed Rules on New Tech-Neutral Clean Energy PTC and ITC

On May 29, 2024, the Internal Revenue Service (IRS) and the Department of Treasury issued proposed regulations (REG-119283-23) addressing the new technology neutral clean electricity production tax credit (PTC) in section 45Y...more

5/31/2024  /  Clean Energy , Greenhouse Gas Emissions , Inflation Reduction Act (IRA) , Investment Tax Credits , IRS , Production Tax Credit , Proposed Regulation , Proposed Rules , Technology Sector , U.S. Treasury

IRS Updates PTC and ITC Domestic Content Bonus Guidance

On May 16, 2024, the Internal Revenue Service (IRS) issued further guidance (Notice 2024-41, the Additional Notice) intended to provide clarity and certainty surrounding the domestic content1 bonus credit by (among other...more

5/23/2024  /  Clean Energy , Department of Energy (DOE) , Greenhouse Gas Emissions , Guidance Update , Investment Tax Credits , IRS , Production Tax Credit , Safe Harbors , Wind Farm
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