This event is a U.S. Department of Treasury and White House briefing on the proposed guidance for Elective Payment of Applicable Credits under the IRA (Section 6417).
This virtual briefing is open to all stakeholders. Please register in advance.
Proposed Regulations
On June 14, Treasury and the IRS issued proposed guidance on elective pay and transferability mechanisms established under the Inflation Reduction Act that will help State, local, tribal, and territory governments, non-profits, and other eligible entities access clean energy tax credits.
The elective pay regulations can be found here and transferability here. Additionally, Treasury issued a press release and published FAQs and a Tribal Fact Sheet that outlines key information contained in the proposed guidance.
You can find more information on the IRS elective pay landing page and on CleanEnergy.gov/directpay.
You can access the proposed guidance at the following links:
- Pre-Filing Registration Requirements for Certain Tax Credit Elections
- Section 6417 Elective Payment of Applicable Credits
- Section 6418 Transfer of Certain Credits
- Elective Payment of Advanced Manufacturing Investment Credit
Tribal Consultation
July 17, 2023, 1 p.m. ET
Register here for the consultation.
On behalf of the Treasurer of the United States, this Dear Tribal Leader Letter invites tribal leaders to a virtual consultation on the Elective Payment of Applicable Credits under the Inflation Reduction Act (Section 6417).
Treasury is accepting written or electronic comments received by August 18, 2023, 11:59 p.m. Alaska Time. Submit written comments at tribal.consult@treasury.gov.
For more information and proposed questions, please see the Dear Tribal Leader Letter or visit the Tribal Consultation page on Treasury's website.
Please send questions or comments to tribal.consult@treasury.gov.