Page 32 - Inflation-Reduction-Act-Guidebook

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The Advanced Energy Project Credit (48C) and Advanced Manufacturing Production
Credit (45X) are eligible for direct pay and transferability. Section 13801 of the Inflation
Reduction Act, adding Section 6417 of the Internal Revenue Code, extends many of the law’s
tax incentives, including the 48C and 45X credits, to entities that generally do not benefit from
income tax credits, such as state, local, and Tribal governments and other tax-exempt entities.
Certain businesses also can elect to receive the 45X tax credits in the form of direct payments.
Section 13801 also adds Section 6418 of the Internal Revenue Code and makes certain tax
credits transferable. In these cases, taxpayers that are generally ineligible for direct payment of
credits may transfer all or a portion of certain credits to an unrelated party in exchange for cash.

Programs Covered in This Chapter
Tax
IRA
Agency Code Program Name Amount
Section
Section
Department of the
Treasury, Department of 13501 48C Advanced Energy Project Credit $10,000,000,000
Energy
Department of the Treasury 13502 45X Advanced Manufacturing Production Credit -

Energy Infrastructure Reinvestment
Department of Energy 50144 - $5,000,000,000
Financing
Department of Energy 30001 - Enhanced Use of Defense Production Act $250,000,000

Availability of High-Assay Low-Enriched
Department of Energy 50173 - $700,000,000
Uranium (HALEU)

B U IL D IN G A C L E A N E N E R G Y E C O N O MY 27
G U ID E B O O K | J AN UARY 20 2 3 | VE RS I O N 2