Crux’s Post

The IRS and Treasury have provided guidance on the transferability of clean energy tax credits, including how Treasury expects the market for tax credits to operate and how credits will be treated in the hands of buyers. Edward Kennedy Nicolas André Amie Colwell Breslow Dickson Chin Christopher Hanfling Sean Jackowitz Kelly Rubin #taxlaw #energytransition #renewables #InflationReductionAct

We were thrilled to facilitate Ryan's purchase of Advanced Manufacturing 45X tax credits on behalf of an anonymous buyer. “Advisors like Ryan play an integral part in the success of the transferable tax credit market,” said Alfred Johnson, CEO and co-founder of Crux. “With expertise in renewable energy and tax equity, Ryan is adept at looking for projects that align with their clients’ tax strategies and sustainability goals while also helping to further legitimize this emerging market. Crux was developed with partners like Ryan in mind, and we’re thrilled our software tools helped meet their needs for robust tax credit supply and transaction efficiency.” 45X production tax credits are enormously popular with corporate tax credit buyers. In fact, 30% of 45X credits that have been listed on Crux received a bid within the first day, and all 45X credits have received bids within three days of listing. Manufacturers looking to monetize their tax credits can get in touch at cruxclimate.com/contact. Read more about this transaction: https://lnkd.in/eV5Zvv_E

New guidance from the U.S. Treasury shed some light on the newly transferable tax credits, while the Pillar Two guidance illustrates the impact of transferable tax credits on an international scale. #taxlaw #ira #cleanenergy #taxcredits #pillartwo #pillar2

The IRS and Treasury have provided guidance on the transferability of clean energy tax credits. Read a Jones Day Commentary detailing how Treasury expects the market for tax credits to operate and how credits will be treated in the hands of buyers. #taxlaw #energytransition #renewables #InflationReductionAct https://ow.ly/PeW750Pme9w

Tax alert! Recently, the Treasury and IRS released proposed regulations for implementing the Section 45X Advanced Manufacturing Production Tax Credit. The tax credit would apply to businesses with domestic production in the US and that sell certain eligible components, including solar and wind energy components, inverters, qualifying battery components and applicable critical minerals. Does this apply to your business? Mazars specialists tell you what you need to know. Learn more: http://maza.rs/6042iewpY

48C(e) Round 1 allocations overview: 1. Clean energy manufacturing and recycling: $2.7 billion in tax credits (67% of round 1 tax credits) 2. Critical materials recycling, processing, and refining: $800 million in tax credits (20% of round 1 tax credits) 3. Industrial decarbonization: $500 million in tax credits (13% of round 1 tax credits) #energytransition #cleanenergy #energytransformation #energysecurity #marsh #mmc

The IRS and Treasury have provided guidance on the transferability of clean energy tax credits. Read a Jones Day Commentary detailing how Treasury expects the market for tax credits to operate and how credits will be treated in the hands of buyers. #taxlaw #energytransition #renewables #InflationReductionAct https://ow.ly/JSfB50Po9Uw

The IRS and Treasury have provided guidance on the transferability of clean energy tax credits. Read a Jones Day Commentary detailing how Treasury expects the market for tax credits to operate and how credits will be treated in the hands of buyers. #taxlaw #energytransition #renewables #InflationReductionAct https://ow.ly/Ic1V50PsR6f

Register for elective payment or transfer of credits: Qualifying businesses, tax-exempt organizations or entities such as state, local and tribal governments can take advantage of certain tax credits even if they don't have taxable income through new elective payment and transfer options. These options can be applied to certain clean energy and manufacturing credits under the Inflation Reduction Act of 2022 and CHIPS Act. #renewables #taxcredits

Tax deductions. They are an attractive lure for investing in Oil and Gas. But are they dangerous for investors? Find out as we answer that question in this article. #oilandgas #taxdeductions #passiveincome