Feb 21, 2025, 3:59 PM
(from CLA) To make clean energy tax credits more technology-neutral, the Inflation Reduction Act (IRA) introduced a new statutory framework. Specifically, the production tax credit (PTC) under Section 45 was replaced with Section 45Y, and the investment tax credit under Section 48 was replaced with Section 48E. The changes are effective January 1, 2025.
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