December 13 at 2:00 pm Eastern
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Join Treasury for a webinar to discuss final regulations on joint ownership arrangements pay and elective pay under the Inflation Reduction Act (IRA).

Prior to the Inflation Reduction Act, entities eligible for elective pay – like Tribes – could not benefit from clean energy tax credits because they had little or no federal tax liability. The recently released final rules contain amendments to the Income Tax Regulations (26 CFR part 1) under section 761(a) of the Internal Revenue Code (Code) that will allow for co-ownership arrangements of properties eligible for elective pay. This will allow Tribes to seek elective payment for certain IRA tax credits for properties that are jointly owned with other entities.