The U.S. IRS announced the issuance of proposed regulations on 14 December 2023 to provide guidance for the advanced manufacturing production credit --- Treasury, IRS issue guidance for the advanced manufacturing production credit IR-2023-238, Dec. 14, 2023 WASHINGTON — The Department of the Treasury and the Internal Revenue Service today issued proposed regulations to provide guidance for the advanced manufacturing production credit established by the Inflation Reduction Act (IRA). The new Section 45X provides a credit for the production (within the United States) and sale of certain eligible components including solar and wind energy components, inverters, qualifying battery components and...