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IRS Issues More Guidance for Section 48C Advanced Energy Project Tax Credit Allocation Program

By Durham McCormick, Jon Neal, Sabrina Conyers & Ryan M. Bernstein on June 2, 2023
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The Inflation Reduction Act of 2022 extended and modified a federal investment tax credit for a broad variety of advanced energy manufacturing projects. The program relies on an application and award process to allocate the tax credits.

Read on for newly released details about the application process and technical guidance for the 48C program.

Photo of Durham McCormick Durham McCormick
Read more about Durham McCormickEmail
Photo of Jon Neal Jon Neal

Jon advises businesses and their owners on a broad range of corporate, partnership and international tax planning and transactional matters, including cross-border mergers, joint ventures, acquisitions, divestitures, restructurings and financings.

Read more about Jon NealEmail
Photo of Sabrina Conyers Sabrina Conyers

Sabrina is a partnership and corporate tax attorney with more than 17 years of experience providing domestic and international tax planning, general corporate, corporate governance, private equity, and real estate finance planning and advisory services to clients.

Read more about Sabrina ConyersEmail
Photo of Ryan M. Bernstein Ryan M. Bernstein

Ryan joined McGuireWoods Consulting in April 2018 and serves as a senior vice president in the Federal Public Affairs group. He assists clients with matters before Congress, regulatory agencies and the executive branch with a particular focus on the agriculture and energy industries.

Read more about Ryan M. BernsteinEmail
  • Posted in:
    Energy and Utilities, Tax
  • Blog:
    Lights On
  • Organization:
    McGuireWoods LLP

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