Leaders of Arizona’s public, private and nonprofit sectors Monday discussed financial incentives in the Inflation Reduction Act, explaining how they will use available federal funds for conservation efforts and renewable energy projects.The conversation centered around the Inflation Reduction Act’s direct pay provisions, which allow governments and organizations “to treat the amount of certain credits as a payment against tax on their tax returns and as a result receive direct payments for certain clean energy tax credits.” Eligible entities are local and state governments, federally recognized tribal governments and agencies, rural energy cooperatives and other tax-exempt organizations.Tom Perez, the director of the White House Office of Intergovernmental Affairs,hosted the roundtable discussion with Phoenix Mayor Kate Gallego. Perez said the purpose of the discussion was to spread the word about the “seemingly …
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