The Inflation Reduction Act (“Act”) was signed into law by President Biden on August 16, 2022, 并于1月1日生效, 2023.
One of the main goals of the Act is to reduce America’s greenhouse gas emissions by accelerating the transition to cleaner energy sources. To incentivize investment in these energy sources, 该法案规定了超过70种投资, production, and excise credits at an estimated cost of over $780 billion to the United States Treasury.
Of significant note for tax-exempt organizations is the direct payment program that permits these organizations to monetize the Act’s lucrative tax credits on eligible investments and purchases. The Act’s credit positions are very technical and highly complex, but for those organizations that are committed to reducing their carbon footprint, the financial incentives could prove very valuable.
Schneider Downs invites you to join us at our virtual webinar, How Not-For-Profits Can Access Inflation Reduction Act Funding on Thursday, March 21, 2024, at 10:00 a.m. EDT. The webinar will walk you through these valuable incentives and provide an overview of the direct payment process. Please join us and register.
关于施耐德唐斯税务bet9平台游戏公司
Schneider Downs’ tax advisors have experience and expertise in a wide range of industries, including Automotive, Construction, Real Estate, Manufacturing, Energy & Resources, Higher Education, Not-for-profits, Transportation and others. Our industry knowledge and focus ensure the delivery of technical tax strategies that can be implemented as practical business initiatives.
You’ve heard our thoughts… We’d like to hear yours
The Schneider Downs Our Thoughts On blog exists to create a dialogue on issues that are important to organizations and individuals. 虽然我们喜欢分享我们的想法和见解, we’re especially interested in what you may have to say. If you have a question or a comment about this article – or any article from the Our Thoughts On blog – we hope you’ll share it with us. After all, a dialogue is an exchange of ideas, and we’d like to hear from you. Email us at [email protected].
Material discussed is meant for informational purposes only, 而且这不能被理解为投资, tax, or legal advice. 请注意,个别情况可能有所不同. Therefore, this information should be relied upon when coordinated with individual professional advice.
This site uses cookies to ensure that we give you the best user experience. Cookies assist in navigation, analyzing traffic and in our marketing efforts as described in our Privacy Policy.