U.S. Department of the Treasury, IRS Release Additional Guidance to Boost American Clean Energy Manufacturing

*Guidance Provides Additional Clarification Around Eligibility Determination for Domestic Content Bonus in the Inflation Reduction Act *WASHINGTON – Today the U.S. Department of the Treasury and Internal Revenue Service (IRS) released additional guidance on the Inflation Reduction Act’s (IRA) domestic content bonus, part of President Biden’s economic strategy to boost American manufacturing and iron and steel production, so American workers and companies can continue to build the clean energy economy.The domestic content bonus applies to facilities and projects built using the required amounts of domestically produced steel, iron, and manufactured products. To receive the bonus, all manufacturing processes for steel and iron components must take place in the United States.