Currents
Ep248: The IRS’s New Tax Credit Rules
May 2, 2024
Hilary Lefko from Norton Rose Fulbright discusses the IRS's new tax credit rules, highlighting market growth and investor confidence. Topics include transferability impacts, market dynamics, and navigating changes in tax equity deals. The podcast explores potential administration changes on tax benefits for renewables.
15:06
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Quick takeaways
- The IRS's new guidance on tax credit transfers maintains business as usual, emphasizing the importance of transferability in deals.
- Transferability structures are gaining popularity for capturing step-up value, with tax credit insurance playing a crucial role in ensuring deals amid decreasing premiums.
Deep dives
IRS Releases Final Tax Credit Sales Regulations
The IRS recently released final regulations on tax credit sales with minimal changes from the proposed rules. The release addressed comments received by the IRS, maintaining business as usual for the market. Notable changes observed relate to transferability, which has become a crucial factor in deals, with structures adapting to deal with recapture risks in projects.
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