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Department of the Treasury

Federal Announcements

U.S. Departments of the Treasury and Energy Release Additional Guidance on Inflation Reduction Act Programs to Incentivize Manufacturing and Clean Energy Investments in Hard-Hit Coal Communities

| Department of Energy (DOE), Department of the Treasury | Clean Energy, Underserved Communities

The Biden-Harris Administration’s economic agenda, the U.S. Department of the Treasury, the U.S. Department of Energy, and the Internal Revenue Service released additional information on key provisions in the Inflation Reduction Act to strengthen energy security and drive investment to hard-hit coal communities and underserved communities.

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U.S. Department of the Treasury, IRS Release Proposed Guidance to Continue U.S. Clean Energy Manufacturing Boom, Strengthen America’s Energy Security

| Department of the Treasury, Internal Revenue Service (IRS) | Workforce

The U.S. Department of the Treasury and Internal Revenue Service released proposed guidance on the section 45X Advanced Manufacturing Production Credit established by President Biden’s Inflation Reduction Act, which is already creating good-paying American jobs by spurring a U.S. manufacturing boom in communities across the country, strengthening America’s energy security, and incentivizing onshoring of clean energy components and critical minerals in the U.S.

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