Targeted News Service

Treasury, IRS Issue Guidance for the Advanced Manufacturing Production Credit
December 15, 2023

WASHINGTON, Dec. 15 -- The U.S. Department of the Treasury's Internal Revenue Service issued the following news release:

The Department of the Treasury and the Internal Revenue Service today issued proposed regulations to provide guidance for the advanced manufacturing production credit established by the Inflation Reduction Act (IRA).

The new Section 45X provides a credit for the production (within the United States) and sale of certain eligible components includi . . .

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