Data / Federal rules / 2024-08926
Transfer of Certain Credits
The Internal Revenue Service published this final rule in the Federal Register on April 30, 2024. It took effect on July 1, 2024.
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What the agency says
This document contains final regulations concerning the election under the Inflation Reduction Act of 2022 to transfer certain tax credits. The regulations describe rules for the election to transfer eligible credits in a taxable year, including definitions and special rules applicable to partnerships and S corporations and regarding excessive credit transfer or recapture events. In addition, the regulations describe rules related to a required IRS pre-filing registration process. These regulations affect eligible taxpayers that elect to transfer eligible credits in a taxable year and the transferee taxpayers to which eligible credits are transferred.
Key facts
- Document number
- 2024-08926
- Type
- Final rule
- Action
- Final Regulations and removal of temporary regulations
- Agency
- Treasury Department; Internal Revenue Service
- Published
- April 30, 2024
- Takes effect
- July 1, 2024
- Dates
- Effective Date: These regulations are effective on July 1, 2024.
- Docket
- TD 9993
- Regulation ID (RIN)
- 1545-BQ64
- Code of Federal Regulations
- 26 CFR 1
- Topics
- Income taxes; Reporting and recordkeeping requirements
- Pages
- 47
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Everything from the Internal Revenue Service · Rules on income taxes · Rules on reporting and recordkeeping requirements · Published in April 2024
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