HomeMy WebLinkAbout061423 FW_ Treasury releases new Inflation Reduction Act guidance
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From: NACo
Sent: Wednesday, June 14, 2023 2:02:20 PM (UTC-08:00) Pacific Time (US & Canada)
To: Greg Brotherton
Subject: Treasury releases new Inflation Reduction Act guidance
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ALERT: BE CAUTIOUS This email originated outside the organization. Do not open attachments or click on links if you are not expecting them.
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Join Treasury and the White House for a briefing on the new guidance and its impact on counties on
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Treasury Releases New
Inflation Reduction Act Guidance
Join Treasury and the White House for a Briefing on the New Guidance and its Impact on Counties on June 15 and 29
On June 14, the U.S. Treasury Department and the Internal Revenue Service issued proposed guidance <https://www.mmsend50.com/link.cfm?r=dK5itgU3QMX7KWwJXovkzw~~&pe=yc7A6OvD4WsK0nC6aaFQrezvcZIycK3SRCK
wMd-PL48B4JhLKStkFt6Td07wMbHKZpI8DhZJ4dp_c8J7ZP7aMA~~&t=WnniWbYEd--_EC-P5MPksw~~> on the elective pay established in the Inflation Reduction Act <https://www.mmsend50.com/link.cfm?r=dK5itgU3QMX7KWwJ
Xovkzw~~&pe=USqOuwcmu3ScQ2qn5pbzc2GWDRNosWjTINJd1zy46dUiEEJLCROdwn_UGegMaP1zYUACSQ5HKh9cCBfIJExwhg~~&t=WnniWbYEd--_EC-P5MPksw~~> (IRA). This creates a new pathway for counties to access
certain clean energy tax incentives that previously have only been available to tax-paying entities.
The elective pay and transferability options will allow counties to pursue renewable energy projects without having to rely on outside financing, helping to level the playing field with
the private sector. This provides an opportunity for counties to increase access to affordable clean energy, drive investment into rural and underserved communities, and reduce emissions
in a cost-effective manner.
Treasury and the White House will host two stakeholder briefings on the new IRA guidance, and county officials are welcome to attend. Please register by clicking the links below:
* Tomorrow, June 15 at 12 p.m. EDT <https://www.mmsend50.com/link.cfm?r=dK5itgU3QMX7KWwJXovkzw~~&pe=cfM4KxuyIE3Ur-xjFPZgw6wKE1uW87CretAaSHj0x2M2FhTWm2Rnq02mTcpABsthl7F6LKF-XGAZSAuWyAuN7w~~&t=WnniWbYE
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* Thursday, June 29 at 3 p.m. EDT <https://www.mmsend50.com/link.cfm?r=dK5itgU3QMX7KWwJXovkzw~~&pe=Z1xL1lfcWGzrMLOnzOIrM6glA0TxPvyiH5ZNbCc62-n0A2svJXixKQWY346jkTaZzI8aynjc58X_GJtlQbLFyA~~&t=WnniWbYEd
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