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Rule/Notice/NOFO: Treasury, IRS, Request for Comments on Elective Payment of Applicable Credits and Transfer of Certain Credits
Federal Register/Notice: IRS.gov
Type of Requirement: Notice and Request for Comment
Description: The Department of the Treasury and the Internal Revenue Service anticipate issuing guidance to implement the elective payment provisions and the elective credit transfer provisions, as added by the Inflation Reduction Act of 2022. This notice requests general comments on questions arising under new §§ 6417 and 6418.
How is it enforced by FTA, DOT, Direct grant requirement, triennial review or other? N/A
Is there a cost or time impact to grantees (best estimate): N/A
APTA Comment/Letter: Completed comments.
APTA Staff Advisor: Ward McCarragher, wmccarragher@apta.com
Committee(s): Legislative Steering Committee