IRS Releases Final Regulations for Section 45X Advanced Manufacturing Credit

The Internal Revenue Service (“IRS”) and Department of the Treasury last week released final regulations (the “Final Regulations”) relating to the advanced manufacturing production tax credit under Section 45X (“45X Credits”) of the Internal Revenue Code (the “Code”). The release of the Final Regulations follows the issuance of proposed regulations in December 2023….
By: Foley & Lardner LLP