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      Welcome to Bracewell’s Inflation Reduction Act Resource Center

      The US government made the largest investment in addressing climate change and supporting renewable energy development in the nation’s history when President Biden signed the Inflation Reduction Act of 2022 (IRA) on August 16, 2022.

      The IRA includes key provisions related to:

      • carbon capture, utilization and sequestration (CCUS) projects
      • hydrogen development
      • onshore wind and offshore wind development
      • solar projects
      • energy storage
      Bracewell is uniquely positioned to advise stakeholders in the energy industry on IRA matters. Our lawyers are unmatched in their knowledge and experience in the sector, which allows us to provided deeply informed counsel on the opportunities presented by the IRA. In addition, our government relations team was influential in shaping the legislation, and is in constant dialogue with legislative leaders and administrative officials about new developments.

      Inflation Reduction Act Resource Center

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        IRS and Treasury Department Release Initial Guidance for Labor Requirements Under Inflation Reduction Act

        On November 30, 2022, the IRS and the Treasury Department publishedNotice 2022-61(the Notice) in the Federal Register. The Notice provides guidance re...

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        Treasury Department and IRS Release Guidance With Respect to the Sustainable Aviation Fuel Credit

        On December 19, 2022, the Treasury Department and the IRS releasedNotice 2023-6(the Notice), which provides guidance with respect to the credit for su...

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        Summary of the Provisions of the Inflation Reduction Act of 2022 Relating to Hydrogen

        Our knowledgeable tax and energy lawyers are pleased to share their detailed analysis of the new hydrogen production tax credit (Hydrogen PTC) in Inte...

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        Summary of the Provisions of the Inflation Reduction Act of 2022 Relating to Code Section 45Q

        Our knowledgeable tax and energy lawyers are pleased to share their detailed analysis of the material changes to the credits under Section 45Q and tax...

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        General Overview of the Inflation Reduction Act of 2022

        On Tuesday, August 16, President Biden signed the Inflation Reduction Act of 2022 (the Act) into law, which includes material changes to various secti...

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        Related Resources 

        • IRS Notice 2022-46: Request for comments regarding clean vehicle credits under Sections 30D and 24E of the Internal Revenue Code of 1986, as amended (the Code) (October 5, 2022).
        • IRS Notice 2022-47: Request for comments regarding advanced manufacturing credits under Sections 48C and 45X of the Code (October 5, 2022).
        • IRS Notice 2022-48: Request for comments regarding energy efficiency incentives under Sections 25C, 25D, 45L and 179D of the Code (October 5, 2022).
        • IRS Notice 2022-49: Request for comments regarding renewable energy credits under Sections 45, 45U, 45Y, 48 and 48E of the Code (October 5, 2022).
        • IRS Notice 2022-50: Request for comments regarding direct payment of credits under Section 6417 of the Code and transferability of credits under Section 6418 of the Code (October 5, 2023).
        • IRS Notice 2022-51: Request for comments regarding prevailing wage, apprenticeship, domestic content and energy communities requirements under the IRA (October 5, 2023).
        • IRS Notice 2022-56: Request for comments regarding the qualified commercial clean vehicle credit under Section 45W of the Code and the alternative fuel vehicle refueling property credit under Section 30C of the Code (November 3, 2022).
        • IRS Notice 2022-57: Request for comments regarding the carbon oxide sequestration credit under Section 45Q of the Code (November 3, 2022).
        • IRS Notice 2022-58: Request for comments regarding the clean hydrogen credit under Section 45V of the Code and the clean fuel production credit under Section 45Z of the Code (November 3, 2022).

        IRS Guidance

        • Notice 2022-61: Guidance regarding the prevailing wage and apprenticeship requirements under the IRA (November 30, 2022).
        • Notice 2023-1: Guidance regarding definitions of certain terms relevant to the clean vehicle credit under Section 30D of the Code (January 3, 2023).
        • Notice 2023-2: Guidance regarding the application of the excise tax on repurchases of corporate stock under Section 4501 of the Code (December 27, 2022).
        • Notice 2023-6: Guidance regarding the sustainable aviation fuel credit under Sections 40B and 6426(k) of the Code (December 19, 2022).
        • Notice 2023-7: Guidance regarding the application of the corporate alternative minimum tax under Sections 55, 56A and 59 of the Code (December 27, 2022).
        • Notice 2023-9: Guidance regarding the safe harbor for the incremental cost of certain qualified commercial clean vehicles placed in service in 2023 for purposes of the qualified commercial clean vehicle credit under Section 45W of the Code (December 29, 2022).
        • Notice 2023-16: Guidance and updated FAQs regarding the vehicle classification standard in connection with the clean vehicle credit under Section 30D of the Code (February 3, 2023).
        • Notice 2023-26: Guidance establishing the program to allocate environmental justice solar and wind capacity limitation under Section 48(e) of the Code (February 13, 2023).
        • Notice 2023-27: Guidance establishing qualifying advanced energy project credit allocation program under Section 48C(e) of the Code (February 13, 2023).

        IRS Revenue Procedures

        • Rev. Proc. 2022-42: Procedures for qualified manufacturers to enter into a written agreement with the Secretary of the Treasury to make periodic written reports providing vehicle identification numbers and such other information related to the clean vehicle credit under Section 30D of the Code.

        IRS Announcements

        • Announcement 2022-23: Notification to taxpayers of new credit amounts for calendar year 2022 for the renewable electricity production credit under Section 45 of the Code for any qualified facility placed in service after 2021.
        • Announcement 2023-1: Notification to taxpayers of the applicable reference standard to determine the amount of the energy efficient commercial building property deduction under Section 179D of the Code.

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