Chester County News and Community Website
The Treasury Department and the Internal Revenue Service (IRS) have recently issued Notice 2024-06, providing guidance on the new Sustainable Aviation Fuel (SAF) credit. This tax incentive was established by …
Treasury Department and IRS Release Notice for Sustainable Aviation Fuel Credit Read More
The Department of the Treasury, in collaboration with the Internal Revenue Service (IRS), has unveiled proposed regulations to guide the implementation of the advanced manufacturing production credit. This credit was …
Treasury Department and IRS Issue Guidelines for Advanced Manufacturing Production Credit Read More
The Department of the Treasury, in collaboration with the Internal Revenue Service (IRS), recently released two items of guidance related to the section 30D clean vehicle credit’s excluded entity restriction, …
Treasury and IRS Issue Guidance on Clean Vehicle Credit Restrictions Read More
The Department of the Treasury and the Internal Revenue Service (IRS) have recently proposed regulations to update rules for the investment tax credit under section 48 (ITC). These rules, last …
Treasury and IRS Propose Updates to Investment Tax Credit Rules for Energy Properties Read More
The Internal Revenue Service (IRS) is calling on sellers and dealers of clean vehicles to register their businesses on the Energy Credits Online tool as soon as possible. With a …
IRS Urges Clean Vehicle Sellers to Register for Energy Credits Online Ahead of December Deadline Read More
Five U.S. Senators, Bob Casey (D-PA), John Fetterman (D-PA), Tammy Baldwin (D-WI), Sherrod Brown (D-OH), and Tina Smith (D-MN) penned a letter to U.S. Department of the Treasury Secretary Janet …
U.S. Senators Call for Amendment in Renewable Energy Tax Credit Guidance Read More
PENNSYLVANIA — On Friday, U.S. Senator Bob Casey (D-PA) paid a visit to Youngwood in Westmoreland County. During his visit, he announced new federal initiatives aimed at bolstering economic revitalization …
Senator Casey Unveils Federal Initiatives for Economic Revitalization and Next-Generation Energy in Pennsylvania Read More
PENNSYLVANIA — President Joe Biden, during his visit to Philadelphia on October 13th, announced seven new regional hydrogen hub projects that span across 16 states. The projects, which will receive …
Hydrogen Hubs: A Transformative Opportunity or Missed Environmental Chance? Read More