Finanse publiczne · 15/12/2023

Section 45X Advanced Manufacturing Production Credit Regulations Proposed by IRS

The Internal Revenue Service (IRS) has proposed regulations to implement the advanced manufacturing production credit established by the Inflation Reduction Act of 2022, aiming to incentivize the production of eligible components within the US. The proposed rules will apply to taxpayers who produce and sell eligible components, including solar energy components, wind energy components, and qualifying battery components, and will be subject to a public hearing.