The National Football League (NFL) has announced that the 2024 and 2025 seasons will have a capacity limitation of 75% due to the ongoing COVID-19 pandemic. This means that only 75% of the stadium's capacity will be allowed to attend games. Additionally, the NFL has also announced that any unused capacity limitation amounts from the 2024 season will be carried over to the 2025 season.
The U.S. Treasury Department and IRS today released Announcement 2024-25 that provides the total amount of unallocated environmental justice solar and wind capacity limitation that has been carried over from the 2023 “Low-Income Communities Bonus Credit program” year to the 2024 program year.
Announcement 2024-25 also states the distribution of the carried over capacity limitation among the facility categories, category 1 sub-reservations, and application options for the 2024 program year.
A related IRS—IR-2024-142 (May 17, 2024)—explains that the “Inflation Reduction Act” provides for an increase in the energy investment credit for solar and wind facilities that apply for and receive an allocation of environmental justice solar and wind capacity limitation. Taxpayers that receive an allocation and properly place the facility in service may then claim the increased energy investment credit in the year that the facility is placed in service.
Additional guidance and program resources to help applicants prepare their submissions are available on the DOE program homepage.
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