LS Cable Secures $99M Tax Credit Under Section 48C, Inflation Reduction Act

TL/DR –

LS Cable & System has received a $99 million investment tax credit under Section 48C of the Inflation Reduction Act. This action reflects the Biden Administration’s commitment to clean energy, as Section 48C provides tax credits for investments in advanced energy manufacturing projects. LS Cable & System is expected to boost the renewable energy economy, positively impact job growth, and contribute to the fight against climate change.

LS Cable & System Secures $99 Million Investment Tax Credit

The leading cable manufacturer, LS Cable & System is set to benefit from a significant $99 million investment tax credit. This financial boost is courtesy of Section 48C of the Inflation Reduction Act, aiming to promote energy-efficient industries.

As a result of this, LS Cable & System is expected to progress its technology even further. The company’s commitment to sustainable and energy-efficient operations aligns perfectly with the Act’s intent, making it an ideal recipient of the tax credit.

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