IRS Proposes Regulations on Clean Energy Direct Pay Election
Colleges and universities, including public institutions designated as instrumentalities of their state, are eligible for direct payment of renewable energy tax credits.
Advocacy From Your Desk: The IRS Wants Your Input
The IRS is inviting colleges and universities to participate in upcoming virtual focus groups addressing the pre-filing registration process for green energy tax credits. We urge you to take this pop-up opportunity to see what the IRS is planning to do and to voice your feedback.
Treasury and IRS Propose Guidance on IRA Prevailing Wage and Apprenticeship Rules
For organizations and institutions interested in claiming bonus amounts of federal tax benefits for clean energy and green building projects under the Inflation Reduction Act, the Treasury Department and the IRS have proposed regulations detailing the requirements, correction processes, and penalties related to the wage and apprenticeship provisions in the act.