IR-23-102, IRS provides initial guidance for the domestic content bonus credit

IRS Newswire May 12, 2023
News Essentials What's Hot News Releases IRS - The Basics IRS Guidance Media Contacts Facts & Figures Around The Nation e-News Subscriptions The Newsroom Topics Multimedia Center Noticias en Español Radio PSAs Tax Scams The Tax Gap Fact Sheets IRS Tax Tips Armed Forces Latest News Home IRS Resources Contact My Local Office Filing Options Forms & Instructions Frequently Asked Questions News Taxpayer Advocate Where to File IRS Social Media	Issue Number:    IR-23-102 Inside This Issue IRS provides initial guidance for the domestic content bonus credit  IR-2023-102, May 12, 2023  WASHINGTON — The Department of Treasury and the Internal Revenue Service today issued Notice 2023-38 for owners of green energy projects, such as wind, solar and energy storage technologies.  Domestic content is generally defined as steel, iron or manufactured products that are manufactured or produced in the United States.  This notice of intent to propose regulations provides initial guidance regarding the application of the rules that taxpayers must satisfy to qualify for the domestic content bonus credit amounts and the related record keeping and certification requirements.  The guidance also describes a safe harbor regarding the classification of certain components in representative types of qualified facilities, energy projects or energy storage technologies.  Taxpayers may rely on the rules described in this notice for qualified facilities, energy projects or energy storage technologies, the construction of which begins before the date that is 90 days after the date the proposed regulations are published in the Federal Register.   Back to Top         Thank you for subscribing to the IRS Newswire, an IRS e-mail service. If you know someone who might want to subscribe to this mailing list, please forward this message to them so they can subscribe. This message was distributed automatically from the mailing list IRS Newswire. Please Do Not Reply To This Message.

---

Update your subscriptions, modify your password or email address, or stop subscriptions at any time on your Subscriber Preferences Page. You will need to use your email address to log in. If you have questions or problems with the subscription service, please contact subscriberhelp.govdelivery.com. This service is provided to you at no charge by the Internal Revenue Service (IRS).

---

This email was sent to business.solutions.ve@gmail.com by: Internal Revenue Service (IRS) · Internal Revenue Service · 1111 Constitution Ave. N.W. · Washington DC 20535