Inflation Reduction Act of 2022 (IRA) Resource

Legislation Impacting the IRA

• Alert | The One Big Beautiful Bill: Tax Provisions Impacting the Energy and Climate Solutions Sector, July 8, 2025
• Alert | The One Big Beautiful Bill: Tax Provisions Impacting the Energy and Climate Solutions Sector, May 28, 2025

Solar, Wind, Energy Storage, and More

• White Paper | Claiming Tech-Neutral Clean Electricity Production and Investment Tax Credits Under the Inflation Reduction Act, July 3, 2024

• Alert | Treasury and IRS Release New Safe Harbor Election for Domestic Content Bonus Credits, May 29, 2024

• Alert | DOE and IRS Set to Open Second and Potentially Final Round of Section 48C Qualifying Advanced Energy Project Credit Applications, May 2, 2024
• Alert | Treasury and IRS Release Long-Awaited Proposed Regulations on Section 48 Investment Tax Credits, December 1, 2023
• Alert | Treasury and IRS Release Proposed Regulations Regarding the Prevailing Wage and Apprenticeship Requirements, September 6, 2023
• White Paper | Solar, Wind, and Energy Storage Incentives in the Inflation Reduction Act of 2022, August 20, 2023 
• White Paper | Claiming the Domestic Content Bonus Credit under the Inflation Reduction Act of 2022, August 20, 2023 
• Alert | IRS Releases New Proposed Rules for the Low-Income Communities Bonus Credit for the Investment Tax Credit, June 7, 2023
• Alert | IRS Releases Preliminary Guidance on the IRA Energy Community Bonus Credit, April 6, 2023 
• Alert | U.S. Treasury and the IRS Issue Request for Public Comments on Energy Tax Provisions in the Inflation Reduction Act, October 20, 2022 
• Alert | Inflation Reduction Act Signed into Law: Important Tax Provisions and Energy Incentives You Need to Know, August 16, 2022 
• Alert | Understanding and Unlocking the IRA and Clean Energy & Climate Solutions Federal Funding Opportunities, August 16, 2022 

Clean Hydrogen

• Alert | Treasury and IRS Propose Supplemental Notice Regarding Clean Hydrogen Production Tax Credit Regulations, April 17, 2024
• Alert | Treasury and IRS Release Proposed Regulations on Section 45V Hydrogen Production Tax Credit, January 2, 2024

Electric Vehicles and Charging Infrastructure Resources

• Alert | Treasury and IRS Release Proposed Regulations for Alternative Fuel Vehicle Refueling Property Tax Credit Under Section 30C, October 2, 2024

• Alert | Treasury and IRS Release Notice of Forthcoming Proposed Regulations on Section 30C Alternative Fuel Vehicle Refueling Property Credit, January 26, 2024

• Advisory | Inflation Reduction Act of 2022: Electric and Clean Vehicle and Alternative Refueling and Charging Tax Credits, September 1, 2023 

Advanced Manufacturing

• Alert | Treasury and IRS Release Final Regulations on Section 45X Advanced Manufacturing Credit, November, 4, 2024 
• Alert | Treasury and IRS Release Proposed Regulations on Section 45X Advanced Manufacturing Credit, December 20, 2023 

Tax Credit Monetization Resources

• Alert | Treasury and IRS Release Final Regulations on Credit Transferability, May 7, 2024

• Alert | Treasury and IRS Release Proposed and Final Regulations on Direct Pay Elections, March 12, 2024

• White Paper | Opportunities for Financing Renewable Energy Projects Using the Direct Pay and Transferability Regimes under the Inflation Reduction Act of 2022, August 20, 2023 

Last Updated: April 22, 2026

IRA Implementation Tracker: Since the passage of the IRA, the Internal Revenue Service (IRS) and the Department of the Treasury (Treasury) have provided certain proposed, temporary, and final regulations, as well as other forms of guidance, on the tax credits included within the bill. The status of the guidance across each tax credit is continually evolving. On July 4, 2025, President Trump signed H.R. 1, also known as the “One Big Beautiful Bill Act” (OBBB) into law.  The OBBB accelerates the termination of or eliminates several renewable energy credits established under the IRA. Those credits eliminated are the Section 30D (New Clean Vehicle Credit), 45W (Qualified Commercial Clean Vehicle Credit), 25E (Previously Owned Clean Vehicle Credit), 25C (Energy Efficient Home Improvement Credit), and 25D (Residential Clean Energy Credit). The OBBB retains the IRA’s transferability regime for eligible credits, subject to the timing of the underlying credit and limitations on who can purchase such credits. Finally, the OBBB introduces significant restrictions around certain foreign entities, which will not only impact who can invest in renewable energy projects, but also who can supply components and know-how to develop them.

 In an effort to provide Wilson Sonsini clients with an overview of where each credit and bonus credit are regarding their implementation, below we provide an “Overall Implementation Status” under each credit to reflect what guidance has been issued as of the date reflected above and indicate what is further expected.

As a general matter, taxpayers may rely on issued temporary guidance from the IRS (which comes often in the form of “Notices”), even though future, final regulations will be issued that may contradict old, temporary guidance, notices, or regulations. At the time final regulations are issued (if they are issued), those final regulations will control. Please note that some tax credits that were extended and modified under the IRA were previously authorized; accordingly, some previously-issued guidance and regulations may still be applicable. Please consult Wilson Sonsini regarding specific questions of applicability of previous, interim, or temporary guidance. 

Multiple Technologies Including Solar, Wind, and Storage: Code Sections 48, 45, 48E, and 45Y (ITC/PTC)

• General
  • Notice 2026-15 (Published February 12, 2026; providing guidance on whether qualified facilities or energy storage technologies are receiving material assistance from a prohibited foreign entity and would be ineligible for tax credits under Code Sections 45Y and 48E)
  • Notice 2025-42 (Published August 15, 2025; revised longstanding guidance, eliminating the 5% safe harbor for demonstrating beginning of construction for all wind projects and solar projects over 1.5MW)
  • Final Regulations (Published January 15, 2025; provides final regulations regarding eligibility for tech-neutral PTC under Section 45Y and tech-neutral ITC under Section 48E; clarifies non-aggregation of qualified facilities and qualified facilities/energy storage technology; clarifies interaction of “80/20 Rule” and a new “Incremental Production Rule” for purposes of retrofit projects; amends and clarifies definitions pertaining to combustion or gasification facilities, renewable gas inputs, thermal energy property, and hydrogen energy storage property)
  • Revenue Procedure 2025-14 (Published January 15, 2025; provides first annual table with greenhouse gas emission rates for certain categories of facilities that are eligible for tech-neutral PTC under Section 45Y and tech-neutral ITC under Section 48E)
  • Final Regulations (Published December 4, 2024; provides final regulations regarding types of energy property eligible for the ITC, clarifies single project energy rules, and provides updated recapture rules)
  • Notice of Proposed Rulemaking (Published June 3, 2024; provides proposed regulations pertaining to eligibility for tech-neutral PTC under Section 45Y and tech-neutral ITC under Section 48E and determination of greenhouse gas emissions resulting from production of electricity; applies to facilities and energy property placed in service after 2024)
  • Notice of Proposed Rulemaking (Published November 22, 2023; provides proposed regulations pertaining to types of energy property eligible for the ITC, clarifies new transfer rules and recapture rules for failure to satisfy prevailing wage and apprenticeship requirements, qualified interconnection costs, 80/20 repowering rule, and more).

• Prevailing wage and apprenticeship increased credit amount
  • Overall Implementation Status: Final regulations published. Please see “Cross-Cutting Guidance” for list of tax credits that this same prevailing wage and apprenticeship guidance is applicable to.
    • Final Regulations, (Published June 25, 2024)
    • Notice of Proposed Rulemaking (Published August 30, 2023; provides proposed regulations for implementing the prevailing wage and apprenticeship increased credit amount, including substantiation and record-keeping requirements, exceptions, and other matters)
    • Notice 2022-61 (Initial Guidance; issued November 30, 2022)
• Domestic content bonus credit
  • Overall Implementation Status: Initial guidance released, awaiting proposed regulations beyond this initial guidance.
    • Notice 2025-08 (Provides First Updated Elective Safe Harbor for Determining Cost Percentages for Adjusted Percentage Rule; issued January 16, 2025)
    • Notice 2024-84 (Extension of Transition Process for Claiming the Statutory Exceptions to the Elective Payment Phaseouts; extends the transition process through 2026 for claiming a statutory exception to the direct pay phaseouts provided in Notice 2024-9; issued November 22, 2024)
    • Notice 2024-41 (Expansion of Applicable Projects for Safe Harbor in Notice 2023-38; New Elective Safe Harbor for Determining Cost Percentages for Adjusted Percentage rule; issued May 16, 2024 (reissued with corrections on May 24, 2024))
    • Notice 2024-9 (Exception for Applicable Entities for Elective Payment Projects; announced forthcoming proposed regulations to be issued on the application of the domestic content requirements to taxpayers using direct pay to monetize PTCs and ITCs from certain renewable energy projects and exceptions to complying with such requirements in certain cases; issued December 28, 2023)
    • Notice 2023-38 (Initial Guidance; issued May 12, 2023)
• Energy communities bonus credit
  • Overall Implementation Status: Initial guidance released, Notices issued for certain tax years, proposed regulations forthcoming.
    • Notice 2025-31 (Provided five new appendices to update features of Statistical Area Category eligibility and updated census tracts for Coal Closure Category; issued June 23, 2024)
      • Appendix 1: Lists county and county-equivalents along with their corresponding Vintage 1 and Vintage 2 MSAs or non-MSAs.
      • Appendix 2: Lists counties that have met the fossil fuel employment threshold as part of Vintage 1, Vintage 2, or both.
      • Appendix 3: Lists the county or county-equivalents that qualify as energy communities as part of Vintage 1, Vintage, 2, or both, because they meet the fossil fuel employment threshold and meet the unemployment rate threshold for 2024.
      • Appendix 4: Lists newly eligible census tracts and should be combined with Appendix C to Notice 2023-29, Appendix 3 to Notice 2023-47 and Appendix 2 to Notice 2024-48 to provide a complete list of census tracts qualified for the energy community bonus credit under the coal closure category.
      • Appendix 5: Lists newly identified eligible census tracts due to updates in location data. The list is a subset of the census tracts in Appendix 4 that qualify as the coal closure category. Any project placed in service after Dec. 31, 2022, located in a census tract added in Appendix 5, is eligible to claim the energy community bonus credit.
    • Notice 2024-48 (Updated census tracts for the Statistical Area Category and the Coal Closure Category; issued June 7, 2024)
      • Appendix 1: MSAs and non-MSAs that qualify as energy communities by meeting the Fossil Fuel Employment threshold and the unemployment rate requirement for calendar year 2023.
      • Appendix 2: Additional census tracts that have ever had, since December 31, 1999, a closed coal mine or have ever had, since December 31, 2009, a retired coal-fired electric generating unit, and directly adjoining tracts that were not included in Appendix C to Notice 2023-29 or Appendix 3 to Notice 2023-47, as of April 1, 2024.
    • Notice 2024-30 (Expanded nameplate capacity attribution rule to include offshore wind farm projects as qualifying projects; added two new NAICS codes for purposes of measuring minimum fossil fuel related employment under the Statistical Area Category; issued March 22, 2024)
      • Appendix 1:  Additional MSAs and non-MSAs that meet Fossil Fuel Employment Threshold and not included in Appendix B to Notice 2023-29.
      • Appendix 2:  MSAs and non-MSAs that qualify as energy communities in 2023 by meeting the Fossil Fuel Employment threshold and unemployment rate requirement for calendar year 2022.
    • Notice 2023-47 (Published list of information taxpayers may use to meet certain requirements under the Statistical Area Category or Coal Closure Category, described further herein; issued June 15, 2023). Applicable Appendices listed below:
      • Appendix 1: Additional MSAs and non-MSAs that meet Fossil Fuel Employment Threshold and not included in Appendix B to Notice 2023-29.
      • Appendix 2: MSAs and non-MSAs that qualify as energy communities in 2023 by meeting the Fossil Fuel Employment threshold and unemployment rate requirement for calendar year 2022.
      • Appendix 3: Additional census tracts that have ever had, since December 31, 1999, a closed coal mine or have ever had, since December 31, 2009, a retired coal-fired electric generating unit, and directly adjoining tracts that were not included in Appendix C to Notice 2023-29.
    • Notice 2023-45 (Update to Notice 2023-29 for certain special rules on beginning of construction, brownfield site safe harbor for projects with nameplate capacity not greater than 5 MW AC, and other matters; issued June 15, 2023)
    • Notice 2023-29 (Initial Guidance; issued April 4, 2023)
      • Appendix A: Treasury/IRS-defined MSAs and non-MSAs for IRA Energy Community Tax Credit Bonus.
      • Appendix B: MSAs and non-MSAs that meet the Fossil Fuel Employment threshold (unemployment rate requirement yet to be determined).
      • Appendix C: Census tracts that have ever had, since December 31, 1999, a closed coal mine or have ever had, since December 31, 2009, a retired coal-fired electric generating unit, and directly adjoining tracts.
• Low-income bonus credit allocation and associated application
  • Overall Implementation Status: Code Section 48 program completed.  Application period for Code Section 48E(h) program began on February 2, 2026. 30-day initial application period closed March 3, 2026. Rolling application period closes August 7, 2026. Updates on available capacity by allocation category are available at the Department of Energy’s Program Capacity Dashboard.  Final regulations under Code Section 48 issued. Final regulations under Code Section 48E issued.
    
    • Final Regulations (Published January 13, 2025; provides final regulations related to the low-income communities bonus credit program for Tech-Neutral ITC under Section 48E(h))
    • Revenue Procedure 2025-11 (Issued January 13, 2025; provides procedural guidance for purposes of the 2025 program for Tech-Neutral ITC under Section 48E(h))
    • Notice of Proposed Rulemaking (Published September 3, 2024; provides proposed regulations relating to the low-income communities bonus credit program for the Tech-Neutral ITC under Section 48E(h), including updated rules for applicable facility categories, nameplate capacity limitation, geographic location tests, and reservations for capacity limitation; the Section 48(h) low-income bonus credit program is effective as of January 1, 2025) 
    • Announcement 2024-25 (Issued June 17, 2024; provides total amount of unallocated environmental justice solar and wind capacity limitation that has been carried over from the 2023 program year to 2024 program year; sets forth distribution of the carried over capacity limitation among the facility categories)
    • Final Regulations (Published August 10, 2023)
    • Revenue Procedure 2024-19 (Issued March 29, 2024; supersedes Revenue Procedure 2023-27 for purposes of 2024 program)
    • Revenue Procedure 2023-27 (Issued August 10, 2023)
    • Proposed Rulemaking, (Published May 31, 2023)
    • Notice 2023-17 (Initial Guidance; issued February 13, 2023)

Advanced Manufacturing Credits: Code Sections 45X and 48C

• 48C Qualifying Advanced Energy Project Credit Allocation Program
  • Overall Implementation Update: $10 billion of 48C credits have been allocated. Please further note that the prevailing wage and apprenticeship guidance also applies to 48C.
    • Notice 2024-36 (Guidance for allocation of remaining 60% of programmatic funds; provides appendices setting forth application requirements, review process and criteria; issued April 30, 2024)
    • Notice 2023-44 (Additional Guidance, clarifying and modifying Notice 2023-18; issued May 31, 2023)
    • Notice 2023-18 (Initial Guidance for 40% ($4 billion) of 48C credits; issued February 13, 2023)
• 45X Advanced Manufacturing Credit
  • Overall Implementation Update: Final regulations issued in October 2024. See below regarding elective payment guidance.
    • Notice 2026-15 (Published February 12, 2026; providing guidance on whether eligible components are receiving material assistance from a prohibited foreign entity and would be ineligible for tax credits under Code Section 45X)
    • Final Regulations (Published October 28, 2024; provide final rules on Section 45X credit, including updates to the proposed rules regarding the production of eligible components and applicable critical minerals, treatment of indirect and direct materials costs, substantiation requirements for credit eligibility, and revised definitions relevant to taxpayer production activities; regulations are effective on December 27, 2024)
    • Notice of Proposed Rulemaking (Published December 15, 2023)

Alternative Fuel Vehicle Recharging Stations: Code Section 30C 

• Overall Implementation Update: The Section 30C credit will not be allowed for any property placed in service after June 30, 2026.
  • Notice of Proposed Rulemaking (Published September 19, 2024; provides proposed regulations pertaining to 30C Credit amounts and clarifies rules relating to eligibility criteria for qualifying property, prevailing wage and apprenticeship requirements, geolocational eligibility, and more; the rules apply to qualified fuel vehicle refueling property placed in service after December 31, 2022, and before January 1, 2033; the IRS issued Notice 2024-64 concurrently with the proposed regulations, modifying Notice 2024-20)
  • Notice 2024-64 (Modifying Notice 2024-20 to determine eligible census tracts in non-urban and low-income communities; issued September 18, 2024)
  • Notice 2024-20 (Provides guidance on determining eligible census tracts in non-urban areas and low-income communities, including appendices to assist taxpayers in confirming eligibility based on geographic identifiers (GEOIDs) for non-urban census tracts and low-income community population census tracts; issued January 19, 2024)

Home and Building Electrification and Energy Efficiency: Code Sections 179D and 45L  

• 179D (Commercial buildings energy efficiency tax deduction) and Provision 13703 cost recovery for qualified clean energy facilities, property, and technology
  • Overall Implementation Update: Guidance released as to Reference Standard 90.1, which provides the minimum energy-efficient design requirements for most buildings. The Section 179D deduction will not be allowed for any property the construction of which begins after June 30, 2026. No additional guidance released to date.
    • Announcement 2024-24 (Released June 10, 2024; notifies taxpayers that Reference Standard 90.1-2022 is the applicable reference standard required under Code Section 179D for energy efficient commercial building property placed in service after December 31, 2028, and the construction of which did not begin by December 31, 2022; supplements and supersedes Announcement 2023-01)
    • Announcement 2023-01 (Released January 1, 2023; notified taxpayers of applicable reference standards required under Code Section 179D, based on when energy efficient commercial building property is placed in service)
    • Notice 2012-26 (prior guidance, released 2012)
    • Notice 2008-40 (prior guidance, released 2008)
    • Notice 2006-52 (prior guidance, released 2006)
    • Provision 13703 Guidance
• 45L (Energy efficient home credit)
  • Overall Implementation Update: Initial guidance released in September 2023. The Section 45L credit will not be allowed for any qualified new energy efficient home acquired after June 30, 2026. Please further note that the prevailing wage and apprenticeship guidance also applies to 45L.
    
    • Notice 2023-65 (Issued September 27, 2023; provides implementation guidance for 45L)

Sustainable Aviation Fuel (SAF) and Clean Fuels: Code Sections 40B and 45Z

• Overall Implementation Update: Initial guidance provided in Proposed Regulations and Notices below for SAF and Clean Fuels. The prevailing wage and apprenticeship guidance is applicable to 45Z.
  • Notice of Proposed Rule Making (published February 4, 2026; proposed regulations provide guidance on the determination of the 45Z credit, emissions rates, and certification and registration requirements)
  • Notice 2025-11 (Issued January 10, 2025; provides initial guidance on methodology used to determine greenhouse gas emission rates for various pathways of clean fuel production that impact the 45Z credit amount)
  • Notice 2025-10 (Issued January 10, 2025; provides emission rates of certain fuels and pathways for purposes of calculating 45Z credits; clarifies when fuels are “suitable for use” in a highway vehicle or aircraft; clarifies what is considered a qualifying “sale” and “production” of 45Z eligible fuel; clarifies what is a “qualified facility” and who is a “qualified taxpayer”)
  • Notice 2024-74 (Issued October 18, 2024; provides updated instructions for taxpayers using the 40BSAF-GREET 2024 model to claim SAF credits under Code Sections 40B and 6426(k) for the sale or use of a SAF-qualified mixture on or after October 18, 2024, for purposes of applying the safe harbor methodologies in Notice 2024-37)
  • Fact Sheet 2024-25 (Released July 10, 2024; provides answers to frequently asked questions regarding 45Z credits)
  • Notice 2024-49 (Issued May 31, 2024; provides guidance on registration requirements for 45Z credits, as a prerequisite for claiming such credits)
  • Notice 2024-37 (Issued April 30, 2024; provides safe harbors regarding use of 40BSAF-GREET 2024 model for calculating lifecycle greenhouse gas emissions reduction percentage and use of USDA Climate Smart Agriculture Pilot Program to further reduce lifecycle greenhouse gas emissions for domestic soybean and domestic corn feedstocks and related certifications)
  • 40BSAF-GREET Model (Released April 30, 2024, by Department of Energy in conjunction with Notice 2024-37)
  • Notice 2024-6 (Released December 13, 2023; provides guidance on new SAF credits regarding the lifecycle greenhouse gas emissions reduction percentage and certification of sustainability requirements and safe harbors)
  • Notice 2023-06 (Released December 19, 2022; provides guidance on new SAF credits under Code Section 40B and 6426(k))
  • Notice 2022-39 (Released September 13, 2022; explains how to file a one-time claim for credit and payments for alternative fuels)

Clean Hydrogen: Code Section 45V

• Overall Implementation Update: Final regulations released January 10, 2025. Please also see “Cross-cutting guidance,” and note that the prevailing wage and apprenticeship guidance applies to 45V.
  • Final Regulations (Published January 10, 2025; provides updated criteria regarding the “three pillars” (i.e., restrictions on the use of energy attribute certificates to qualify for 45V credits), calculation of greenhouse gas emissions, qualification for credits based on use of methane reforming technologies (i.e., blue hydrogen), and a new beginning of construction safe harbor to mitigate concerns about future updates to the GREET model for purposes of greenhouse gas emission calculations)
  • Notice of Proposed Rulemaking (Published December 22, 2023; provides initial guidance on 45V, in particular, outlines new criteria for Renewable Energy Certificates to qualify for purposes of claiming 45V credits (sometimes referred to as the “three pillars”) 2024)
  • 45VH2-GREET Model Download Link
  • Department of Energy 45V White Paper (Overviews lifecycle greenhouse gas emissions associated with electricity use for producing clean hydrogen; released December 22, 2023)
  • Guidelines to Determine Well-to-Gate Greenhouse Gas (GHG) Emissions of Hydrogen Production Pathways using 45VH2-GREET 2023 (User Manual; released December 22, 2023)
  • Environmental Protection Agency, Letter to Treasury on the definition of lifecycle greenhouse gas emissions under the Clean Air Act to support Treasury’s interpretation and implementation of Internal Revenue Code Section 45V (Released December 22, 2023)
  • Department of Energy National Transmission Needs Study (Released October 2023)

Carbon Capture, Utilization, and Sequestration (CCUS): Code Section 45Q

• Overall Implementation Update: Limited guidance issued regarding the information that must be provided in a lifecycle analysis (LCA) report submitted to the IRS. Please also see “Cross-cutting guidance,” and note that the prevailing wage and apprenticeship guidance applies to 45Q.
  • Notice 2026-01 (Issued December 19, 2025; provides a safe harbor for taxpayers claiming the 45Q credit in calendar year 2025)
  • Notice 2024-60 (Issued July 24, 2024; provides guidance with respect to information required and procedures a taxpayer must follow with respect to the LCA report)

Nuclear: Code Section 45J

• Overall Implementation Update: Initial guidance was issued. Please also see “Cross-cutting guidance,” and note that the prevailing wage and apprenticeship guidance applies to 45J.
  • Notice 2023-24 (Issued March 9, 2023; provides guidance related to computing the value of the credit, the amount of unutilized national megawatt capacity limitation, procedures for taxpayers to apply for allocations of unutilized national megawatt capacity limitation with respect to facilities that the Department of Energy previously certified as “advanced nuclear facilities”)

Cross-Cutting Guidance: Tax Credit Monetization and Prevailing Wage and Apprenticeship

• Transferability and elective pay
  • Overall Implementation Update: Final regulations issued for transferability, direct pay, pre-filing registration requirements, and specific applications for the Advanced Manufacturing Investment Credit. Pre-filing registration tool is available. Transferability and elective pay apply to the following credits: 45, 45Y, 48, 48E, 45U, 45Q, 45V, 45Z, 45X, 48C, 30C. Please further note that Code Section 45W is eligible for transferability but not direct pay.
    • Final Regulation (Published December 4, 2024; includes direct pay rules applicable to Section 48 Investment Tax Credit) 
    • Final Regulation (Published November 20, 2024; provides rules applicable to Section 6417 Election to Exclude Certain Unincorporated Organizations Owned by Applicable Entities from Application of the Rules on Partners and Partnerships)
    • Revenue Procedure 2024-39 (Issued October 11, 2024; provides tax return filing extensions for certain applicable entities with respect to direct pay election)
    • Final Regulation (Published April 30, 2024; Section 6418, Transfer of Certain Credits)
    • Final Regulation (Published March 11, 2024; Section 6417, Elective Pay)
    • Final Regulation (Published March 11, 2024; Section 48D, Elective Payment of Advanced Manufacturing Investment Credit)
    • Proposed Regulation (Published March 11, 2024; Section 6417/Section 761, Elective Pay)
    • Proposed Regulation (Published June 21, 2023; Section 6417, Elective Pay)
    • Proposed Regulation (Published June 21, 2023; Section 6418, Transfer of Certain Credits)
    • Proposed Regulation (Published June 21, 2023; Elective Payment of Advanced Manufacturing Investment Credit)
    • Proposed Regulation (Published June 21, 2023; Pre-Filing Registration Requirements for Certain Tax Credit Elections)
    • Proposed Regulation (Published March 23, 2023; Elective Payment of Advanced Manufacturing Investment Credit)
• Prevailing wage and apprenticeship
  
  • Overall Implementation Status: While this guidance applies for the purposes of determining a bonus credit under Code Sections 45, 45Y, 48, and 48E as noted in this Implementation Tracker (ITC/PTC and their technology-neutral counterparts), the guidance also applies to the following credits: 30C, 45L, 45Q, 45U, 45V, 45Z, 48C, and 179D. Please refer to the ITC/PTC section for further information on prevailing wage and apprenticeship guidance.

Additional Governmental Resources

• For a full list of all IRS resources on these topics, please visit the IRS’s Inflation Reduction Act of 2022 page here: https://www.irs.gov/inflation-reduction-act-of-2022.
• For the latest Treasury and IRS Guidance Priority List updates, please see here: https://www.irs.gov/privacy-disclosure/priority-guidance-plan.