Counties and the Inflation Reduction Act: Elective Pay Update
Available On-Demand
This webinar is available on-demand. If you have issue accessing the recording, please email nacomeetings@naco.org.
On March 5, the U.S. Department of the Treasury (Treasury) issued final regulations for the elective pay mechanism established in the Inflation Reduction Act (IRA). Using elective pay, also known as direct pay, counties and other tax-exempt entities can monetize certain clean energy tax credits that they have previously been unable to access due to their lack of tax liability. On March 5, Treasury also unveiled a new proposed rule to provide criteria regarding the eligibility of certain ownership structures to claim elective pay. During this webinar, counties will hear from Treasury and the U.S. Department of Energy (DOE) on these new regulations and other funding opportunities available under IRA.
Watch Recording
Speakers
David Eichenthal
Dr. Taresa Lawrence
Hon. Adrian Garcia
Resource
Inflation Reduction Act Funding Explorer
Related News
OMB proposes major change to federal grant administration
Counties have until July 13 offer comment on a wide reaching regulation affecting all federal grants to counties. A June 15 webinar will go into detail about the changes counties need to note as they budget for federal awards.
SEC Finalizes FTDA Phase 1 Final Rule
On June 8, the U.S. Securities and Exchange Commission (SEC), in coordination with other federal financial regulatory agencies, finalized a rule implementing the Financial Data Transparency Act of 2022 (FDTA) marking the completion of Phase 1 out of 2.
The EPA announces $2.9 billion for states to support lead pipe replacement
On May 20, the U.S. Environmental Protection Agency (the EPA) announced $2.9 billion in funding to help states support lead service line replacement. The funding will be distributed through the Drinking Water State Revolving Fund (DWSRF) and can be used by communities to identify lead pipes, plan removal projects, and replace lead service lines that deliver drinking water to homes.