Eversheds Sutherland Observation: Taxpayers that have begun or are in the process of beginning construction on facilities in 2020 may want to quickly consider opportunities to shift to a 2021 (or later) beginning of construction date if helpful to have additional time available to satisfy the continuity safe harbor.
Under existing law, the PTC (and ITC in lieu of PTC) is not available for the following facilities if construction begins after December 31, 2020. Under the Extenders Bill, the 100% PTC (and ITC in lieu of PTC) would be available for these facilities if construction begins by December 31, 2021.
closed-loop biomass facilities,
10%
Offshore wind facilities are separately addressed in the Extenders Bill. The bill would add new rules applicable to offshore wind facilities that provide for a 30% ITC for offshore wind facilities on which construction begins before 2026. A qualified offshore wind facility is defined as a qualified wind facility as described in sect
credit. correspondent james rosen reports it was a bipartisan defeat, followed by a revamped version of the same bill. the yeas are 45. the nays are 52. motion is not agreed to. republicans stood united and a dozen democrats deflected from block the so-called extenders bill, $140 billion grab-bag of extended jobless benefit, tax hikes on the upper income type and added funding to medicare reimbursement rate. democrats spent the last of the day squabbling over how to pare down the price tag. he can quickly pivot to a different version and get another vote this week. senate majority leader mary reid harry reid blamed the republicans for the failure without naming the 12 democrats who joined them. to get 60 votes he need he is said to agree to eliminate payment to the unemployment and the life span of the medicare doc fix is pared
credit. correspondent james rosen reports it was a bipartisan defeat, followed by a revamped version of the same bill. the yeas are 45. the nays are 52. motion is not agreed to. republicans stood united and a dozen democrats deflected from block the so-called extenders bill, $140 billion grab-bag of extended jobless benefit, tax hikes on the upper income type and added funding to medicare reimbursement rate. democrats spent the last of the day squabbling over how to pare down the price tag. he can quickly pivot to a different version and get another vote this week. senate majority leader mary reid harry reid blamed the republicans for the failure without naming the 12 democrats who joined them. to get 60 votes he need he is said to agree to eliminate payment to the unemployment and the life span of the medicare doc fix is pared