 internal revenue service rrs tax news treasury and irs provide guidance on energy projects for low-income communities guidance on energy projects for low-income what why do i get the feeling this guidance will have more to do with lowering carbon than lowering costs is this thing coming from that deceptively named inflation reduction act again i'm in honest those slimy politicians and their misuse of language i'm telling you like honestly reading the irs news these days makes me feel like i'm batman trying to decipher like a riddle from the riddler it's written something riddle in the form of a joke let's race back to headquarters robin you know what this means hmm the inflation reduction act whatever could they mean by that riddle our blackest fears confirmed tango and joker riddler those three super criminals their forces combined heaven only knows what infamous objective it may be worse than that gentleman worse what saints are alive how can that be look at this pair of joking riddles what does a turkey do when he flies upside down holy worthless dollar batman i've got it the inflation part of the inflation reduction act is actually canceled out by the reduction part of the inflation reduction act like a balloon being filled up and then it's reduced back down so it cancels each other out he gobbles up of course and number two one way six ounces sits in a tree and is very dangerous a sparrow with a machine gun yes of course which leaves us with just the act part of the inflation reduction act now combine both answers what kind of creature would gobble up a bird in a tree heaven protect us but that leads to the question how will the government then act the criminal catalyst in this entire affair our old arch enemy cat woman answer the same way they always do of course like ridiculous fools spending unseemly amounts of money penguin joker ridler and cat woman too some of the angles of that rectangle is too monstrous to contemplate so the inflation reduction act actually means the government's going to spend money like hunter biden at a crack convention held in a hostile foreign dictators brothel it we've been given the plainest warning they're working together to take over to take over what batman got some city and a two of them might try that the whole by the way let's see if we could make some sense out of those chinese spy ufo things we've been shooting down lately why is why is the american military shooting something out of the sky over canada because it's part of norad there is the norad is part of like a part of uh it's a it's a what you call a coalition of course ocean so a packed exactly and so that's why we were able to do that again we didn't do it on our own we did it in in uh in uh clearly in in in in step with uh canadia holy space balloons batman that was a complicated set of clues i don't think we'll be able to crack this riddle if it were three of them i would say yes but for their minimum objective must be the entire world i are 2023 dash 26 february 13th 2023 washington the department of the treasury and the internal revenue service today provided guidance to establish a program to provide solar and wind power to certain low income areas under the inflation reduction act i knew it what is how does inflation reduced is supposed to go down because of the thing in the act but it doesn't so why call act i don't know notice uh 2023 dash 17 there's a link to that here establishes the low income communities bonus credit program and provides initial guidance for potential applicants for allocations of calendar year 2023 capacity limitation this initial guidance provides the general eligibility requirements a description of the four statutory facility categories for which an eligible facility may request an allocation amounts of capacity limitation reserved for each facility category a general description of the program designed and goals the application review process and the proposed timeline for operating two 60 day application periods in 2023 based on project categories and if you don't have all that kind of stuff lined up just go talk to hunter biden make sure that the big guys getting 10 percent and you'll probably be good to go so this guidance applies to owners of certain solar and wind facilities placed in service in connection with low income communities that are eligible for the section 48 energy investment credit the treasury department and the irs will issue additional program guidance outlining the specific application procedures applicable definitions and other information necessary to submit an application more information may be found on the inflation reduction act 2022 page on irs.gov there's a link to that here there'll be a link to this in the description