IRS Clarifies Which Tax-Exempt Entities Qualify for “Direct Pay” In Lieu of Clean-Energy Tax Credits
Proposed IRS regulations clarify that political subdivisions, electrical cooperatives and other tax-exempt entities qualify to receive direct payments in lieu of clean-energy tax credits. The Internal Revenue Service (“IRS”) recently proposed regulations that clarify which entities qualify for the “direct pay” benefit under the Inflation Reduction Act (“IRA”). These credits […]