Utility University: IIJA and IRA: evolving processes, approaching deadlines and what else your utility needs to know
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Over the past several years, the United States has allocated funding for infrastructure and clean energy projects at never-before-seen levels.
The Infrastructure Investment and Jobs Act (IIJA) is halfway through its five-year program to infuse $1.2 trillion into improving U.S. infrastructure. Find out how IIJA funding has rolled out compared to what was initially expected. Utilities and other public sector organizations can still apply for some of the funding opportunities so it's important to be aware of the latest guidance and requirements.
Meanwhile, a significant milestone approaches for the Inflation Reduction Act (IRA), through which tax-exempt organizations can obtain tax credit funding through direct payments for qualifying clean energy or efficiency projects. Construction for any projects seeking IRA clean energy tax credits must begin before December 31, 2024 to be eligible for the existing investment and production tax credits (before the new “Technology-Neutral” tax credits come into effect). Join us to dive into tax credit expiration dates, begin construction rules for the IRA, and actions to take now to protect tax credit value.
Learning objectives
- Develop a baseline knowledge of the relevant funding sources available through recent historic infrastructure and clean energy investment legislation
- Learn how not-for-profit and public utilities can now have access to funding through a variety of funding sources, including tax credits, under the IRA
- Understand what you can do to ensure you won’t miss out on key sources of funding for upcoming projects
Presenters
Dan La Haye, CPA | Senior Manager, Baker Tilly
Drew Davidhizar | Senior Manager, Baker Tilly Municipal Advisors
Bill Gabbard, CPA | Manager, Baker Tilly Municipal Advisors
Who should attend
Leadership and professionals from municipal utilities, public utility districts, tribal utility authorities, and state, local and tribal governments responsible for capital budgeting, community development and long-term resource planning
There are no prerequisites for this event, and advance preparation is not required. There is no cost to attend this event.
Level: Basic
CPE credit: One (1) hour total credit
Fields of study: Specialized Knowledge
A certificate of completion will be emailed to you four to six weeks following the event. For more information regarding administrative policies such as complaint and refund policies, please email learning@bakertilly.com.
Baker Tilly is registered with the National Association of State Boards of Accountancy as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: nasbaregistry.org.
Utility University 2024
Oct. 16 | Session 2
Baker Tilly Municipal Advisors, LLC is a registered municipal advisor and controlled subsidiary of Baker Tilly Advisory Group, LP. Baker Tilly Advisory Group, LP and Baker Tilly US, LLP, trading as Baker Tilly, operate under an alternative practice structure and are members of the global network of Baker Tilly International Ltd., the members of which are separate and independent legal entities. Baker Tilly US, LLP is a licensed CPA firm and provides assurance services to its clients. Baker Tilly Advisory Group, LP and its subsidiary entities provide tax and consulting services to their clients and are not licensed CPA firms. ©2024 Baker Tilly Municipal Advisors, LLC
