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The Inflation Reduction Act modifies and extends the clean energy Investment Tax Credit to provide up to a 30% credit for qualifying investments in wind, solar, energy storage, and other renewable energy projects that meet prevailing wage standards and employ a sufficient proportion of qualified apprentices from
On Aug. 25, 2023, the Internal Revenue Service (IRS) and the Treasury Department issued proposed regulations (the Proposed Regulations) regarding the sales or exchanges of digital assets, including cryptocurrency.
Eligible applicants: Low- or moderate-income (LMI) households. Owners of eligible LMI multifamily buildings. Governmental, commercial, or nonprofit entity carrying out a project for an eligible household or an owner of an eligible multifamily building.
Most provisions of the Inflation Reduction Act of 2022 became effective 1/1/2023. The Inflation Reduction Act incentives reduce renewable energy costs for organizations like Green Power Partners businesses, nonprofits, educational institutions, and state, local, and tribal organizations.
The Inflation Reduction Act raises $300 billion over a decade by requiring large corporations to pay a 15 percent minimum tax on their profits and by enacting a 1 percent excise tax on stock buybacks and redemptions.
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The Inflation Reduction Act allows tax-exempt and governmental entities to receive elective payments for 12 clean energy tax credits, including the major Investment and Production Tax credits, as well as tax credits for electric vehicles and charging stations.

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