IRS Publishes Initial Guidance for Domestic Content Tax Credit
CPA Practice
MAY 14, 2023
The Department of Treasury and the Internal Revenue Service has issued Notice 2023-38 (pdf) for owners of green energy projects, such as wind, solar and energy storage technologies. Domestic content is generally defined as steel, iron or manufactured products that are manufactured or produced in the United States. This notice of intent to propose regulations provides initial guidance regarding the application of the rules that taxpayers must satisfy to qualify for the domestic content bonus cred
Let's personalize your content