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
Counties talk about tax-exempt municipal bonds during 2025 Infrastructure Week
On May 13, during the 13th Annual Infrastructure Week, NACo hosted a working group discussion titled “The Case for Tax-Exempt Municipal Bonds” with Commissioner Eileen Higgins of Miami-Dade County, Fla.
U.S. House committees mark up budget reconciliation titles: What it means for counties
Counties should continue to advocate for county priorities to be included in the final budget reconciliation bill.
County official urges Congress to boost brownfields cleanup funding
Oswego County, N.Y. Clerk Terry Wilbur told the House Transportation and Infrastructure’s Subcommittee on Water Resources and Environment that brownfields can present land use challenges and negatively affect property values, but can provide counties with an opportunity to revitalize their economies and communities.