IRS Seeks Comments on New Energy Credits
The Department of the Treasury and the IRS have issued six notices asking for public comments on various aspects of extensions and enhancements of energy tax benefits enacted in the Inflation Reduction Act. The credits offer new opportunities for colleges and universities to invest in renewable energy.
Leveraging the Inflation Reduction Act to Lead on Energy Efficiency
Alice Turbiville, associate vice president for finance and assistant treasurer at Swarthmore College, shares about Swarthmore’s push to achieve carbon neutrality and how tax incentives in the Inflation Reduction Act will help.
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.