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Committee adopts CAO recommendations on Inflation Reduction Act tax-credit claims
Summary
The committee adopted the City Administrative Officer’s recommendations on processing federal clean-energy tax credits under the Inflation Reduction Act and asked staff to reinvest proceeds in eligible clean projects.
A Los Angeles City committee on May 6 adopted the City Administrative Officer’s recommendations and accepted the second status report on federal clean energy tax credits available under the Inflation Reduction Act. The committee approved CAO-recommended actions to pursue eligible claims and indicated a desire to reinvest proceeds into eligible clean-energy and transportation projects.
Why it matters: Funds flowing from federal tax-credit claims could support local clean-energy and transportation projects and…
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