News Flash Home
The original item was published from 6/15/2023 1:18:34 PM to 7/2/2023 12:00:07 AM.

News Flash


Posted on: June 15, 2023

[ARCHIVED] U.S. Treasury Clean Energy Tax Credit Webinar

U.S. Treasury is hosting a webinar on direct pay guidance on June 29 at 3 p.m. to provide direct pay guidance from the Inflation Reduction Act (IRA). Because municipalities are tax-exempt entities and cannot generally take advantage of clean energy tax credits, the IRA legislation provides tax-exempt entities, including state and local agencies and instrumentalities such as fire districts or school districts, to get payment in lieu of credits for the credits that an entity would have for deployment of a clean energy project. 

Prior to passage of the IRA with these new credit delivery mechanisms, governments, many types of tax-exempt organizations, and even many businesses could not fully benefit from tax credits like those that incentivize clean energy construction. 

Further guidance can be found at the White House Direct Pay webpage and the Internal Revenue Service’s Elective Pay and Transferability Frequently Asked Questions

The webinar is free but requires advanced registration.

Contact: Paul Penna, Senior Legislative Analyst,, 609-695-3481, x110.

Facebook Twitter Email

Other News in Budgeting

FY2024 Budget & ETR Update

Posted on: June 30, 2023

Boardwalk Preservation Fund

Posted on: June 30, 2023

ETR Funding Doubled in FY2024 Budget

Posted on: June 29, 2023

DCA Budget Breakdown

Posted on: May 5, 2023

SHBC Plan Design Committee Meeting Summary

Posted on: February 24, 2023

Appropriation Cap Workbook Available

Posted on: February 17, 2023

NJPDES Permit Fees Stakeholder Meeting

Posted on: February 6, 2023

FY2023 Federal Omnibus Budget Passed

Posted on: January 9, 2023

SHBP Update: No Relief In New Year

Posted on: December 30, 2022

Federal Budget Update

Posted on: December 23, 2022