Preparing for FEOC: What Manufacturers Need To Know To Be Compliant
Authored by Baker Tilly's Rob BellileEnergy tax credits continue to reshape the U.S. manufacturing landscape, with one requirement emerging as a defining factor in eligibility: foreign entity of concern (FEOC) compliance. FEOCs had their beginnings in the Inflation Reduction Act (IRA), specifically with the electric vehicle tax credit. FEOC rules expanded under the One Big Beautiful Bill Act (OBBBA) and the impact on manufacturers in the U.S. is...
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