On November 3, 2022, the U.S. Department of Treasury (Treasury) and Internal Revenue Service (IRS) released three Notices requesting public comments by December 3, 2022, on certain additional aspects of the clean energy tax incentives included in the Inflation Reduction Act of 2022 (IRA). Treasury and the IRS previously released six Notices, on October 5, 2022, requesting public comments by November 4 on certain other aspects of the energy tax incentives, which are described in our alert from November 3, 2022. Treasury and the IRS will consider written comments submitted after December 3 if such consideration will not delay the issuance of guidance.
The new Notices seek public comments about the following clean energy tax credits added or expanded by the IRA.
Notice 2022-56 requests comments on the new tax credit for qualified clean commercial vehicles under Code Section…