U.S. Treasury to Host Elective Pay Pre-Filing Registration Webinar

On Friday, December 22, 2023, the Internal Revenue Service (IRS) launched the pre-filing registration tool for taxpayers who intend to receive a direct payment or transfer a clean energy credit. Established by the Inflation Reduction Act (IRA), Elective Pay (aka “direct pay”) and Transferability are credit monetization mechanisms to help states, local governments, non-profits, and other eligible entities access clean energy tax credits. On Tuesday, January 9, 2024 at 2:00PM ET, Treasury will host an Elective Pay webinar and provide an overview of the pre-filing registration process. GFOA members intending to receive the credits are encouraged to register for the webinar here.  For more information and additional links to resources, visit GFOA’s IRA Implementation Resources page.