The Low-Income Bonus was added to Section 48 last year pursuant to the enactment of the Inflation Reduction Act of 2022 (IRA), and it makes certain solar and wind projects eligible for an ...

The LIC Bonus provides an enhanced tax credit for renewable energy projects located in designated low-income communities under Internal Revenue Code (Code) Section 48 (e).

Treasury Department officials told reporters on a call Wednesday that the initiative, called the Low-Income Communities Bonus Credit program, will spread 1.8 gigawatts of electric capacity ...

WASHINGTON, Dec 4 (Reuters) - The U.S. Treasury on Monday said it has been overwhelmed by applications for bonus clean energy tax credits in low-income communities, with officials estimating the ...