Wyden Statement on Low-Income Communities Bonus Credit Program Applications
Washington, D.C. — Senate Finance Committee Chair Ron Wyden, D-Ore., today issued the following statement after the U.S. Department of the Treasury, U.S. Department of Energy, and Internal Revenue Service announced that applications for the Low-Income Communities Bonus Credit program under Section 48(e) of the Internal Revenue Code will open at 9 a.m. ET on October 19, 2023:
“Too often underserved communities are shut out from clean energy and hit hardest by the climate crisis and toxic pollution. Democrats knew that desperately needed to change, which is why we made the Low-Income Communities Bonus Credit program a priority in the Inflation Reduction Act. With applications for this critical program opening up soon, America can finally course correct and target clean energy investments to give low-income communities an economic boost and make sure that all families can benefit from lower energy costs and live healthier, safer lives – a basic human right.”
More information on the application process can be found here.
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Press Contact: Nicole L'Esperance
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