Date: 05/17/2024
Type: Implementation of IRA
On May 17, 2024, Treasury and IRS announced the total amount of unallocated capacity from the 2023 program year of the Low-Income Communities Bonus Credit that will be carried over into the 2024 program year. The Investment Tax Credit created under IRA section 13702 includes a 10-20% increased tax credit when clean energy facilities are located in low-income areas.