Taking advantage of the Inflation Reduction Act

Ready to navigate the Inflation Reduction Act (IRA) and the timely opportunities for public sector entities?

Watch our brief 20-minute video below for what state and local governments, school districts, public utilities, colleges and universities and not-for-profit organizations should know about IRA tax credits and incentives.

Discover impactful answers to these five questions about the IRA:

1. What is the IRA and why is it important to public sector organizations? (0:20)
2. How can public sector entities (such as higher education institutions, state and local governments, public utilities and not-for-profit organizations) take advantage of IRA tax credits and incentives? (2:10)
3. What are some examples of how organizations can benefit from the IRA, including types of projects? (7:30)
4. What is the eligibility framework for tax credits or direct funding that potential recipients should be aware of? (11:20)
5. What are the essential next steps to maximize savings with the IRA? (18:12)

It’s time to take action, now, for tomorrow

Dec. 31, 2024 is the deadline for beginning construction on noncarbon neutral qualifying projects under the IRA. Don’t delay!

Contact a Baker Tilly Value Architect™ to learn how we can help your organization leverage the IRA to its fullest potential.

For more information and guidance about the Inflation Reduction Act, or to learn about how Baker Tilly can help your organization maximize its tax credits and incentives opportunity, contact our team.

The information provided here is of a general nature and is not intended to address the specific circumstances of any individual or entity. In specific circumstances, the services of a professional should be sought. Tax information, if any, contained in this communication was not intended or written to be used by any person for the purpose of avoiding penalties, nor should such information be construed as an opinion upon which any person may rely. The intended recipients of this communication and any attachments are not subject to any limitation on the disclosure of the tax treatment or tax structure of any transaction or matter that is the subject of this communication and any attachments.