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Final 6417 Regulations - Elective Pay

Publications - Client Alert | March 5, 2024


On March 5, 2024, the Treasury Department filed for publication final Treasury Regulations under Section 6417 of the Internal Revenue Code of 1986. A copy of the final Treasury Regulations is available online here. The final Treasury Regulations address several, but not all, outstanding questions that existed under the proposed Treasury Regulations published in June 2023.  Most notably, the final Treasury Regulations do not provide complete guidance and comfort regarding the credit reduction provision of, e.g., Section 45(b)(3) of the Code, for projects that are also financed with proceeds of tax-exempt bonds.

Kutak Rock's Energy Group and Public Finance Tax Group are reviewing the final Treasury Regulations and look forward to discussing client questions. Please reach out to any member of the Energy Group or Public Finance Tax Group for assistance.

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