IRS to provide office hours to help county governments with elective pay registration process of clean energy credits
Author
Paige Mellerio
Maxx Silvan
Upcoming Events
Related News
Key Takeaways
On January 12, the Internal Revenue Service (IRS) announced office hour opportunities to assist entities (including county governments) with the pre-filing registration process for elective payment of clean energy credits. In order to leverage elective payment of credits made available through the Inflation Reduction Act, counties must complete this pre-filing registration process.
What is elective pay of clean energy credits?
Established under the Inflation Reduction Act, the elective pay mechanism for clean energy credits provides a new pathway for county governments to access certain clean energy tax incentives that have previously only been available to taxpayers. As such, counties are eligible to receive a payment directly from the federal government equal to the full value of several clean energy tax credits. A full list of eligible credits and additional information on this process can be found here.
When will these office hours take place?
Below is a complete list of office hours scheduled by the IRS. All office hours will take place virtually through Microsoft Teams. Registration is required and can be completed by clicking the dates listed.
- Friday, January 19, 2024: 1:00–2:00 p.m. ET
- Tuesday, January 23, 2024: 1:00–2:00 p.m. ET
- Friday, January 26, 2024: 1:00–2:00 p.m. ET
- Tuesday, January 30, 2024: 1:00–2:00 p.m. ET
- Friday, February 2, 2024: 1:00–2:00 p.m. ET
- Tuesday, February 6, 2024: 1:00–2:00 p.m. ET
- Friday, February 9, 2024: 1:00–2:00 p.m. ET
Looking for additional information?
The Treasury Department, as well as NACo, have published several related resources, listed below, to help counties through this process:
Advocacy
How counties can use the new elective pay mechanism to finance clean energy projects
Related News
U.S. Congress releases minibus funding package
U.S. House and Senate appropriators introduced a “minibus” appropriations package containing Fiscal Year (FY) 2025 Interior-Environment, Commerce-Justice-Science and Energy-Water spending bills.
‘Fix-It Fair’ brings new life to damaged items, helps divert waste
Thurston County, Wash. partnered with a non-profit, whose members volunteer to fix things that were difficult to recycle.
U.S. House of Representatives passes SPEED Act and other permitting reform bills
On December 18, the U.S. House of Representatives passed the SPEED Act (H.R. 4776). The SPEED Act would strengthen county involvement in decision-making and make needed commonsense reforms to the federal environmental review process.