New IRS Guidance for Section 48C Qualifying Advanced Energy Project Credit
Notice 2023-18, Qualified Investments, Eligible Property, Placement in Service, Allocation Procedures, Energy Communities
Note: CPE credit is not offered on this program
Recording of a 90-minute premium CLE video webinar with Q&A
This CLE webinar will provide renewable energy counsel, developers, and investors guidance on key provisions of recent IRS guidance on the Section 48C Qualifying Advanced Energy Project Credit. The panel will discuss categories of projects considered to be "qualifying advanced energy projects" under the Internal Revenue Code and Notice 2023-18, qualified events, eligible property, placement in service, allocation procedures, and other key issues.
- Overview of Section 48C
- Impact of the Inflation Reduction Act
- IRS Notice 2023-18
- Allocation procedures and challenges
- Best practices for counsel, developers, and investors
The panel will discuss these and other key issues:
- What are the requirements for acquiring the Section 48C tax credit?
- What is the impact of the IRA?
- What are the key issues and challenges in light of IRS Notice 2023-18?
- What projects meet the requirements of a "qualifying advanced energy project"?
- What issues are presented relating to qualified investments, eligible property, and placement in service?
- What are the required allocations and necessary procedures?
Shariff N. Barakat
Akin Gump Strauss Hauer & Feld
Mr. Barakat represents clients involved in the acquisition, development and financing of power generation and... | Read More
Mr. Barakat represents clients involved in the acquisition, development and financing of power generation and infrastructure projects, with a particular focus on tax equity financing.Close
Ms. LaBerge provides advice on a wide range of domestic and international transactional tax matters. She has experience... | Read More
Ms. LaBerge provides advice on a wide range of domestic and international transactional tax matters. She has experience representing corporations, private equity funds, and financial institutions in the federal, state, and local tax arenas.Close