Photo of Adelicia R. CliffePhoto of Carina FedericoPhoto of Agustin D. OrozcoPhoto of Eric HomsiPhoto of William B. O'Reilly

On May 12, 2023, the Department of Treasury and the Internal Revenue Service (IRS) released Notice 2023-38 (Notice), stating that they intend to propose regulations to address the requirements taxpayers must satisfy when claiming domestic content bonus credit amounts provided by the Inflation Reduction Act under Internal Revenue Code (IRC) Sections 45, 45Y, 48, and