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
NACo's Public Promise Procurement Awards National Cooperative Contract to Amazon Business
Competitively awarded contract gives counties and public agencies nationwide streamlined access to the Amazon Business marketplace, plus the opportunity to unlock category price ceilings after savings analysis.
The "Backslash Backlash:" Counties pivot in the data center buildout
Data center development across the country has put a new focus on county policies, how they regulate land use and more for local residents and how they could shape the path for economic growth built around artificial intelligence and information technology.
Chips, Compute and Counties
NACo CEO Matt Chase: "The fundamentals remain the same [when it comes to data centers]: demand a seat at the table, study the supply chain, understand the financing capital stacks, ask hard questions and fight for a deal that leaves your community better off — not used and abused."