On Tuesday, the U.S. Department of the Treasury (Treasury) and Internal Revenue Service (IRS) released the final rules on elective pay provisions included in the Inflation Reduction Act (IRA), as well as a new tribal consultation request. Below are some of the key deadlines and events over the next 60 days.

From the Treasury:

• Elect/Direct Pay
  • Treasury and the Internal Revenue Service released final rules on elect pay, published a consultation feedback summary, and notice consultation on certain joint ownership arrangements. IRS released a series of office hours to help with the pre-filing registration process. Registration is required to sign up for sessions at the following times and dates:
    • March 13, 2024, 1-2:30 p.m. ET
    • March 20, 2024, 1-2:30 p.m. ET
    • March 27, 2024, 1-2:30 p.m. ET
    • April 3, 2024, 1-2:30 p.m. ET
    • April 10, 2024, 1-2:30 p.m. ET
    • April 17, 2024, 1-2:30 p.m. ET
    • April 24, 2024, 1-2:30 p.m. ET
       
• Treasury Tribal Advisory Committee (TTAC)
  • Tribal consultation on the TTAC Subcommittee on Parity and Reform’s Project Plan and Report on Tribal Pension Issues will be held on March 19, 2024, at 1:00 p.m. Eastern Time. Treasury will accept written comments on these issues until April 19, 2024.
    • Read the Subcommittee’s Project Plan and Report on Tribal Pension Issues
    • Read the January Dear Tribal Leader Letter
       
• Local Assistance and Tribal Consistency Fund (LATCF)
  • LATCF Annual Obligation and Expenditure Reports are due March 31, 2024. Earlier this month, Treasury held a training webinar going over the Annual Obligation and Expenditure Reports due for LATCF.
     
• SSBCI 2023 Annual Report is due on March 31, 2024, though submissions will be accepted if submitted on April 1, 2024, due to March 31, 2024, being a Sunday.
  • The next SSBCI Quarterly Report (covering January 1, 2024, to March 31, 2024) is due on April 30, 2024. For additional details on SSBCI reporting, please see the SSBCI Capital Program Reporting Guidance and the Technical Assistance Grant Program Reporting Guidance.
     
• Tribal consultation on Elective Pay and Certain Joint Ownership Arrangements will be held virtually on April 5, 2024, at 1:00 p.m. Eastern Time. Treasury will accept comments until May 10th, 2024, 11:59 p.m. Alaska Time.
  • Read the Dear Tribal Leader Letter for the Tribal Consultation
     
• The SLFRF Project and Expenditure Report is due for all recipients on April 30, 2024.

ADDITIONAL RESOURCES