The Inflation Reduction Act of 2022 created a domestic content credit enhancer for clean energy (Secs. 45 and 48) and clean electricity (Secs. 45Y and 48E) production and investment credits for certain qualified facilities or energy projects.

The Notices describe certain rules to be included in forthcoming proposed regulations for determining what constitutes an energy community for the bonus credit for the production and investment tax credits.

For the Record, Andersen’s official newsletter, covers a variety of tax and financial topics relevant to both individuals and corporations.

Andersen Global bolsters its platform in Europe through a Collaboration Agreement with Allyum, a leading Mergers & Acquisitions (M&A) firm in Belgium, adding another dimension to the tax and legal platform in the region.

Andersen Managing Director Joe Calianno will moderate a virtual panel discussion for the Federal Bar Association.

Andersen Managing Director and Head of Andersen's U.S. National Tax Practice Mary Duffy will present at the joint TEI Pittsburgh.

Under the Inflation Reduction Act of 2022, taxpayers can receive tax-credit enhancements of an additional 20% or 10% for certain energy projects.