Tax Clarification Should Clear The Way For Renewables

Law360, New York (September 2, 2014, 10:30 AM EDT) -- On Aug. 8, 2014, the Internal Revenue Service issued Notice 2014-46, which clarified the rules relating to eligibility for production tax credits and investment tax credits. The notice was intended to reassure potential investors about credit availability, and thereby break a logjam that has developed due to uncertainty about various aspects of the rules. The notice applies to wind, biomass, geothermal, landfill gas, trash, hydropower and marine and hydrokinetic facilities....

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