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