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Treasury Department, IRS Release Additional Guidance on Domestic Content Bonus Credit
WASHINGTON, D.C. – The U.S. Department of the Treasury and the Internal Revenue Service (IRS) released additional guidance today on the domestic content bonus tax credit. Following is a statement from Ray Long, President and CEO of the American Council on Renewable Energy (ACORE), on the guidance:
“We commend the Department of Treasury and IRS for issuing the domestic content guidance. Having clear rules of the road is critical for companies seeking to invest in America’s clean energy future, and today’s additional guidance on domestic content provides helpful clarity. Once successfully implemented, this bonus credit will help catalyze billions in private sector investment and thousands of good-paying jobs by boosting clean energy deployment and increasing the competitiveness of American-made products.
“ACORE appreciates the improvements that were made to the initial guidance, which our analysis over the last year has shown should help facilitate a swift and sustained transition to domestic manufacturing. Of particular note is the amended safe harbor approach, which intends to remove unnecessary burdens on taxpayers by allowing them to reference default cost percentages. We also commend Treasury and the IRS for expanding the safe harbor classifications announced last year to include additional clean technologies, like hydropower, and for their plans to issue proposed guidance on projects that use elective pay. We look forward to further analyzing the impacts of the guidance on clean energy investment and deployment.”
Background:
ACORE submitted comments in response to the initial guidance concerning the domestic content bonus provision issued by Treasury and the IRS last May, which built from prior individual and joint comments on a range of pertinent issues.
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About ACORE:
For over 20 years, the American Council on Renewable Energy (ACORE) has been the nation’s leading voice on the issues most essential to renewable energy expansion. ACORE unites finance, policy, and technology to accelerate the transition to a renewable energy economy. For more information, please visit www.acore.org.
Media Contacts:
Alex Hobson
Sr. Vice President, Communications
American Council on Renewable Energy
hobson@acore.org | 202.830.3592 (o) | 202.594.0706 (c)
Dylan Helms
Manager, Communications
American Council on Renewable Energy
helms@acore.org | 202.935.6491 (o) | 727.290.8804 (c)
The post Treasury Department, IRS Release Additional Guidance on Domestic Content Bonus Credit appeared first on ACORE.
https://acore.org/news/treasury-department-irs-release-additional-guidance-on-domestic-content-bonus-credit/
This piece from Robert Reich reminds us of what a big ask it is of the American people to vote for Republicans in the midterms.
Sure, there are many hateful morons who love detention centers for people with brown skin, or believe that America is going communist, or that our elections are rigged (unless they are won by Republicans). Yet it seems unlikely that any of these positions of extreme ignorance will win the day.
Unfortunately, Trump knows this. That’s why we shouldn’t be surprised if he tries to cancel the midterms or rip up the Constitution and nationalize them.
This concept has an enormous level of popularity in the Republican party. Exactly why?
What’s certain is that property taxes fund our schools, and without them, the common American would be even more ignorant than he is today, if that’s believable.
Now, which party benefits from poor education and a lack of the capacity for critical thinking?
Renewable Energy
Sending Top-Level Criminals to Prison Makes Sense, Unless They’re Americans, of Course
All Americans should know that most other countries act fast and hard against top-ranking people who act corruptly.
Former Brazilian President Jair Bolsonaro is currently serving a 27-year prison sentence for a coup plot and attempting to overthrow democracy.
In 2008, when rich Icelanders had committed financial crimes that led to their country’s economic collapse, do you know what happened to them? Were they re-elected and left to loot their treasury? No, they were sent to prison.
Honest and free nations don’t encourage criminality. They send felons to prison. It’s not that hard, nor is it in any way controversial.
Sending Top-Level Criminals to Prison Makes Sense, Unless They’re Americans, of Course
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