IRS Further Extends Continuity Safe Harbor and Clarifies Methods for Satisfying the Continuity Requirement for Renewable Energy Projects | Troutman Pepper jdsupra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jdsupra.com Daily Mail and Mail on Sunday newspapers.
IRS extends continuity safe harbor for renewable energy projects | Eversheds Sutherland (US) LLP jdsupra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jdsupra.com Daily Mail and Mail on Sunday newspapers.
Treasury, IRS extend safe harbor for renewable energy projects
WASHINGTON D.C. (KVOA) The Department of the Treasury and the Internal Revenue Service on Tuesday issued guidance for taxpayers developing renewable energy projects to address delays related to the COVID-19 pandemic.
In prior IRS notices, the Treasury Department and the IRS established the Continuity Safe Harbor that allows an eligible renewable energy project to be deemed to satisfy the continuity requirement for taking the production tax credit and the investment tax credit (Continuity Safe Harbor) if the taxpayer places the project in service within a certain period that starts in the taxable year in which construction of the project began.
Treasury, IRS extend safe harbor for renewable energy projects irs.gov - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from irs.gov Daily Mail and Mail on Sunday newspapers.
United States IRC allows production or investment tax credits for taxpayers using wind to produce electricity or for placing wind energy property in service; availability and amount of production tax credit PTC or investment tax credit ITC depends on when taxpayer begins constructing a wind project.