Insights to help you address challenges and opportunities related to clean energy tax credits
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Buying transferrable tax credits: Is it right for my company?
The Inflation Reduction Act of 2022 (IRA) extended and introduced several federal income tax credits related to energy transition and carbon reduction and modified a number of the rules applicable to those credits. One of the biggest changes was that most of the credits are now transferrable to a third party, including to taxpayers who are not themselves engaging in activities that generate tax credits.
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