Treasury Department and IRS Update Energy Community Bonus Guidance

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On April 10, 2023, the Treasury Department and the Internal Revenue Service (IRS), without a formal announcement, released a revised version of Notice 2023-29 (the Revised Notice) on the IRS website. The Treasury Department and the IRS released the initial version of Notice 2023-29 on April 4, 2023. Bracewell’s full discussion of Notice 2023-29 can be found here.