VC group urges Congress to protect IRA’s green tech tax credits

The National Venture Capital Association has joined the fight to save the Inflation Reduction Act’s clean energy tax credits.

In a letter to the House Ways and Means Committee, the NVCA expressed its support for green tech tax credits now that they’re on the chopping block. Similar to a letter to Congress from green tech business leaders, the NVCA letter emphasized the importance of reliable tax policy for economic development—especially when it comes to startups, which traditionally begin with no or low taxable income. READ MORE