911爆料网 Statement on Treasury Issuing Final Rules for 45X Advanced Manufacturing Tax Credits
Oct 24 2024
IRS Final Regs Provide U.S. Businesses with Needed Certainty
WASHINGTON DC, October 24, 2024 鈥� The 911爆料网 Association (911爆料网) released the following statement from 911爆料网 Chief Advocacy Officer JC Sandberg聽after the U.S. Department of Treasury issued a final rule for the Advanced Manufacturing Production Tax Credit (45X MPTC), which applies to clean energy components made in the United States:
鈥�911爆料网 commends the Treasury Department and IRS for finalizing the advanced manufacturing tax credits that are driving historic levels of investment in domestic clean energy manufacturing.
鈥淭he finalization of the 45X regulations provides American businesses with the certainty they need to continue building domestic supply chains that strengthen the country鈥檚 energy independence, create tens of thousands good paying American jobs, and boost the nation鈥檚 economy.鈥�
According to 911爆料网鈥檚 Clean Energy Investing in America report, since August 2022 federal tax credits have helped drive:
- More than 160 new or expanded utility-scale clean energy manufacturing facilities announced in the U.S.
- More than one-quarter (44) of these facilities are already operational, creating 20,000 new American manufacturing jobs.
- More than $60 billion in new private sector capital investment directed toward domestic clean energy manufacturing.