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24-C-090

1. Discussion with possible action to direct management and staff to develop a strategic plan for how the City plans to capitalize on the credits and deductions under the Inflation Reduction Act (IRA) of 2022, which expire in 2032, with sharp focus on elective pay, which allows applicable entities, including tax-exempt and governmental entities that would otherwise be unable to claim certain credits because they do not owe federal income tax, to benefit from clean energy tax credits, and any other matters incident thereto.

Council Item Passed Introduced April 30, 2024
Committee
City Council
Requested by
Dr. David Tyler King
Introduced
April 30, 2024
On agenda
May 20, 2024
Passed
May 20, 2024

Where it was heard

City Council May 20, 2024 approve Pass City Council May 6, 2024