Author: WHCEQ Staff   Published: 6/29/2023   WHCEQ

Greetings,

This month the Biden-Harris Administration issued proposed guidance on elective pay and transferability mechanisms established under the Inflation Reduction Act that will help states, local governments, non-profits, and other eligible entities access clean energy tax credits.

Treasury and the White House will host a stakeholder briefing tomorrow on the proposed guidance. This virtual briefing is open to all stakeholders – please share with your networks. In addition, please see resources including English and Spanish fact sheets below.

Register in advance for this briefing on Thursday, June 29th at 3 pm ET/12 noon PT:

https://pitc.zoomgov.com/webinar/register/WN_n_QrgqNKQDqttJDf9DiuLA

The proposed elective pay regulations can be found here and transferability here. In addition to the Treasury press release, you can find FAQs and fact sheets that outline key information contained in the proposed guidance. You can also find helpful information on CleanEnergy.gov/directpay. See full list of fact sheets below.

Fact Sheets – English

• Publication 5817: Elective Pay Overview
• Publication 5817-D: Elective Pay for Tax-Exempt Organizations
• Publication 5817-E: Elective Pay for State and Local Governments
• Publication 5817-B: Elective Pay for U.S. Territorial Governments
• Publication 5817-A: Elective Pay for Rural Electric Cooperatives
• Publication 5817-C: Elective Pay for Alaska Native Corporations
• Publication 5817-F: Elective Pay for Indian Tribal Governments
• Publication 5817-G: Elective Pay Clean Energy Credits

Fact Sheets – Spanish

• Publication 5817 (sp): Resumen de Pago Electivo
• Publication 5817-D (sp): Organizaciones Exentas de Impuestos
• Publication 5817-E (sp): Gobiernos Estatales y Locales
• Publication 5817-B (sp): Gobiernos de los Territorios de EE. UU.
• Publication 5817-A (sp): Cooperativas Rurales Eléctricas
• Publication 5817-C (sp): Corporaciones Nativas de Alaska
• Publication 5817-F (sp): Gobiernos Tribales Indígenas
• Publication 5817-G (sp): Incentivos tributarios de energía limpia: Créditos tributarios elegibles para pago electivo