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IRS to Make Direct Payments to Local Governments, School Districts, and Tax-Exempt Organizations for New Clean Motor Vehicles and Motorized Equipment

Jean S. Everett
July 13, 2023
Alert
The monetization of energy tax credits under the Inflation Reduction Act (IRA) offers a potential source of revenue for local governments, school districts, 501(c)(3) organizations and certain other federally tax-exempt organizations that are buying new qualified commercial clean vehicles and motorized equipment. What is the credit for qualified commercial clean vehicles? Although local governments, school Read More »

Main Street Loan Program Now Available to Nonprofit Organizations

Jean S. Everett
July 21, 2020
Alert
On July 17, 2020, the Federal Reserve Board announced two loan options under the Main Street Lending Program for nonprofit organizations such as educational institutions, hospitals, and social service organizations. Prior to applying for a loan under the Program, nonprofit organizations should review existing loan agreements to make sure incurring new indebtedness or unsubordinated indebtedness Read More »
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