Association of Metropolitan Water Agencies
IRSRulemakingIRS-2023-0029

Section 6417 Elective Payment of Applicable Credits (REG-101607-23)

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Association of Metropolitan Water Agencies filings
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Association of Metropolitan Water Agencies filed 1 comment on this docket between Aug 15, 2023 and Aug 15, 2023. 55 other organizations filed here. The comment window closed 1079d ago.

What Association of Metropolitan Water Agencies filed (1)

Aug 15, 2023· Comment from Association of Metropolitan Water Agencies (AMWA)· IRS-2023-0029-0080

The attached letter is submitted on behalf of Tom Dobbins, CEO of the Association of Metropolitan Water Agencies.

Abstract

This document contains proposed regulations concerning the election under the Inflation Reduction Act of 2022 to treat the amount of certain tax credits as a payment of Federal income tax. The proposed regulations describe rules for the elective payment of these credit amounts in a taxable year, including definitions and special rules applicable to partnerships and S corporations and regarding repayment of excessive payments.

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