Treasury, IRS Unveil Energy Community Bonus Credit Guidance

The Department of the Treasury and Internal Revenue Service today issued Notice 2024-48PDF that publishes information taxpayers may use to determine whether they meet certain requirements under the Statistical Area Category or the Coal Closure Category in Notice 2023-29 for purposes of qualifying for the Energy Community Bonus Credit.

These lists are provided in Appendix 1PDF and Appendix 2PDF of this notice. Appendix 1 pertains to the Statistical Area Category and Appendix 2 pertains to the Coal Closure Category.

In addition to the guidance issued today, the IRS also updated the frequently asked questions for energy communities.

Public Release.