Section 48(e) Low-Income Communities Bonus Credit Program (TD 9979)

This document contains proposed rules concerning the low-income communities bonus energy investment credit program established pursuant to the Inflation Reduction Act of 2022. Applicants investing in certain solar and wind powered-electricity generation facilities may apply for an allocation of environmental justice solar and wind capacity limitation to increase the amount of an energy investment credit for the taxable year in which the facility is placed in service. This document describes proposed definitions and requirements regarding the program that would be applicable for calendar year 2023, which also would inform guidance applicable for future program years. The proposed rules would affect applicants seeking allocations of environmental justice solar and wind capacity limitation. Additional detailed guidance for the program applicable for calendar year 2023, including a comprehensive set of issues and procedures beyond the scope of this document, will be provided upon finalizing the proposed rules.

The latest form for Section 48(e) Low-Income Communities Bonus Credit Program (TD 9979) expires 2026-09-30 and can be found here.