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
U.S. Supreme Court overturns the Chevron doctrine to reshape the federal administrative state
In major ruling, U.S. Supreme Court overturns longstanding precedent deferring to federal agency interpretation of ambiguous statute.
U.S. Supreme Court protects key flexibility for county governments responding to homelessness
On June 28, the U.S. Supreme Court issued a 6-3 ruling in Grants Pass v. Johnson, a case of major significance for counties working to develop comprehensive responses to the homelessness crisis.
U.S. Supreme Court decision halts Purdue Pharma opioid settlement
Supreme Court ruling upends $6 billion settlement agreement between Purdue Pharma and impacted state, county and tribal governments and residents.