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...Bonus Credit for Renewable Energy Projects: IRS Updates ‘DC Adder’ and Adds Elective Safe Harbor...
JD Supra· 6 days ago(“IRS”) have modified a framework relating to renewable energy projects that qualify for the domestic content bonus tax credit (the “DC Adder”) under Sections 45, 45Y, 48 ...
Breaking Down the New Domestic Content Safe Harbor Guidance | JD Supra
JD Supra· 4 days agoThe IRS issued Notice 2024-41 on May 16, 2024, which provides updated guidance regarding the domestic content bonus credit under Sections 45, 48, 45Y and 48E of the Internal Revenue Code. The ...
Treasury and IRS Release New Safe Harbor Election for Domestic Content Bonus Credits | JD Supra
JD Supra· 4 days agoThe domestic content bonus credit provides a (i) 10% increased production tax credit (PTC) amount for a qualified facility or (ii) a 10 percentage point (or 2 percentage point ...
IRS Issues New Safe Harbor for 10% Domestic Content Bonus | JD Supra
JD Supra· 6 days agoOn May 17, 2024, the IRS released Notice 2024-41, which provides new safe harbors for determining certain energy projects’ qualification for the 10%...
Three things you need to know about Minnesota's child tax credit of $1,750 per child
CBS News· 5 days agoThis session, the legislature expanded the child tax credit to include "safe harbor" protections — a...
An Energy/Production Credit Boost – IRS Issues Notice With Safe Harbor for Domestic Content | JD...
JD Supra· 4 days agoTo qualify for this credit increase, a taxpayer must satisfy requirements for the domestic content bonus. The domestic content bonus requirements are meant to incent renewable energy developers ...
Opinion | This Supreme Court ruling is a ‘get-out-of-jail’ card for racial discrimination
MSNBC· 4 days agoThe Supreme Court’s conservative supermajority made it much easier last week to attack the political...
Will Energy Tax Credit Guidance Ruin Your Summer Holiday?
Forbes· 6 days agoIt’s nearly summer, and the IRS and Treasury still have a long list of guidance under the Inflation...
Weekly IRS Roundup May 20 – May 24, 2024
The National Law Review· 3 days agoCheck out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of May 20, 2024 – May 24, 2024. May...
Cleveland's North Coast Harbor getting a $5 million 'refresh' - Cleveland Business Journal
The Business Journals· 5 days agoDowntown Cleveland's North Coast Harbor is getting a nearly $5 million "refresh" to improve its...