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Energy Tax Credit Update for Tax-Exempts: Elective Pay Requirements Clarified
June 18, 2024ArticleEnergy Tax Credit Update for Tax-Exempts: Elective Pay Requirements Clarified
June 18, 2024The “elective pay” option enacted by the Inflation Reduction Act (IRA) opened new opportunities for tax-exempt entities to take advantage of various energy tax credits. Nonprofit organizations, state and local governments, and other applicable entities should review their eligibility to benefit from credits under the elective pay option and the necessary procedural requirements to qualify.
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