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Tsitsi Mangosho

Tsitsi M. Mangosho is an associate in the New York Office. She is a member of the Tax and Corporate Groups.

Last week, the U.S. Department of the Treasury (Treasury) and Internal Revenue Service (IRS) released a notice of proposed rulemaking (NPRM) that modifies the regulations applicable to the Energy Credit under Section 48 of the Internal Revenue Code (Code).  The NPRM also withdraws and repurposes portions of an August proposal on the rules governing the increased credit amount available for taxpayers satisfying prevailing wage and registered apprenticeship requirements established by the Inflation Reduction Act (IRA).  This post summarizes a few key aspects of the NPRM below:Continue Reading Department of the Treasury and IRS propose new guidance for the Section 48 Investment Tax Credit