Increasing Margin For Renewable Energy Transactions
February 18, 2010, 5:27 PM EST
Law360, New York (February 18, 2010, 5:27 PM EST) -- The Treasury Department recently issued additional guidance (the "Guidance") that permits the owner of renewable energy property to qualify for a cash grant under section 1603 of the American Recovery and Reinvestment Act of 2009 (the "Cash Grant"), even if the property is leased to a tax-exempt entity such as a hospital or a municipality.
Prior to the issuance of the Guidance, it was widely believed that the Cash Grant would not be available for property leased to tax-exempt entities. As a result, renewable energy transactions...
Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.