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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 offset budget constraints in coming fiscal years. The CAO recommended reinvesting payments received from the program into eligible projects and asked staff to continue searching for additional qualifying claims.
City Administrative Officer staff described the projects processed for 2023 and reasons some projects were not submitted. Taylor Hawesatom from the CAO’s office said projects submitted in 2023 included electric vehicle chargers, electric vehicles and solar street lights; projects deemed ineligible were excluded for reasons such as timing of installation or project ownership (for example, some utility-scale projects are filed by the utility rather than council-controlled departments). The CAO confirmed staff will continue pursuing eligible claims and proposed reinvestment of receipts into similar projects.
Committee members asked whether the city could increase claims and how proceeds might be reinvested. Councilmember Yaroslavsky asked what projects were processed for 2023 and whether the city planned to pursue additional credits; city staff said they would perform a thorough analysis of opportunities and report back. After a brief discussion the committee adopted the CAO’s recommendations; the vote was recorded as four ayes and the item was approved.
What was decided: The committee adopted the CAO report’s recommendations and the item was approved for further processing and reinvestment as described by CAO staff. Staff will return with analysis of additional claim opportunities and recommendations for reinvestment.
