Treasury Department Announces Second Round of Section 48C Tax Credit for Clean Energy Manufacturing Facilities
38 North Solutions
MAY 3, 2024
Overview When Congress passed the Inflation Reduction Act of 2022 (IRA), it reinstated (and expanded) the Section 48C tax credit from the American Recovery and Reinvestment Act of 2009. Refurbishes an industrial or manufacturing facility with equipment designed to reduce GHG emissions by at least 20 percent through the installation of: a.
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