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live§6417 — Direct Pay Rail

§6417 — Direct cash from Treasury for tax-exempt entities

Municipal utilities, electric co-ops, tribal governments, and nonprofits can't use a tax credit because they don't pay tax. §6417 lets them get cash instead. BV tokenizes the elections and bridges the Treasury portal.

Talk to us about §6417 — Direct Pay RailSee the full suite

The trade

The IRA's biggest expansion wasn't the rate — it was who can earn the credit. §6417 lets tax-exempt entities (governments, co-ops, tribes, 501(c)(3)s) elect direct cash payment from Treasury in lieu of a tax credit they can't otherwise use.

BV provides the rail that books the §6417 election as part of the production-event mint, and tracks the Treasury cash settlement.

Two settlement pathsBoth book the same §6418 transfer election

OTC Desk

live

Bilateral, wire-settled (or stablecoin at buyer's election). No tokenization required. Every IRA credit transaction we've closed to date has happened this way — the proven path.

About the OTC Desk

On-chain marketplace

testnet

Credit tokenized as XCT at production. Marketplace bid book; atomic swap for MXD; transfer election booked on-chain. Continuous price discovery, faster settlement.

About §6418 transferability
Both paths settle to the same buyer-side refundable credit and the same IRS portal filing. Indicate which path you want.

Mechanics

  1. Verify: BV verifies entity tax-exempt status (one-time).
  2. Produce: entity produces clean energy / hydrogen / fuel.
  3. Mint: XCT-45V/45Y/45Z minted with §6417 election flag set.
  4. File: BV submits §6417 election as part of the IRS portal cycle.
  5. Settle: Treasury issues cash; BV pipes it through to the entity.

Trust

  • Tax-exempt status verification cached on-chain (annual refresh)
  • Per-mint election flag recorded immutably
  • Cash settlement reconciled against Treasury portal output

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