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U.S. IRS issues Notice on Beginning of Construction Requirements for Termination of Clean Electricity Tax Credits under Sections 45Y and 48E

|Approved Changes|United States
United States

The U.S. IRS issued Notice 2025-42 on 15 August 2025, which provides guidance on the beginning of construction requirements for wind and solar facilities in relation to the termination of clean electricity production credits (section 45Y) and clean electricity investment credits (section 48E) as part of the One, Big, Beautiful Bill Act (OBBBA).

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Issue Number: Notice 2025-42

Notice 2025-42 provides guidance, consistent with Executive Order 14315, 90 FR 30821 (July 7, 2025), regarding …

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