The Internal Revenue Service (IRS) recently released Notice 2020-41 (the Notice), providing important relief with respect to the beginning-of-construction requirement for the production tax credit (PTC) and the investment tax...more
5/29/2020
/ Begun Construction Test ,
Construction Project ,
Coronavirus/COVID-19 ,
Delays ,
Investment Tax Credits ,
IRS ,
Physical Work Test ,
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Production Tax Credit ,
Relief Measures ,
Renewable Energy ,
Safe Harbors ,
Solar Energy ,
Wind Power
The Internal Revenue Service (IRS) has released welcome new guidance with respect to renewable electricity production and energy investment tax credits. A notice issued on May 5, 2016, reflects changes to the production tax...more
On December 18, 2015, President Barack Obama signed into law the Consolidated Appropriations Act, 2016 (Act), which extends and modifies the investment tax credit for solar energy property, the production tax credit for wind...more