Tax Credit Eligibility Boost Puts Wind In Developers' Sails

Law360, New York (May 10, 2016, 6:12 PM EDT) -- The Internal Revenue Service's recent doubling of the time clean energy developers have to complete projects in order to qualify for the renewable production tax credit lowers risks for both developers and investors, and will translate to more green projects being launched and completed, experts say.

With Congress enacting a multiyear extension of the PTC in December as part of a $1.15 trillion budget deal, the IRS issued updated eligibility guidance for the tax credit last week. The centerpiece of the updated guidance was extending the so-called continuity safe harbor from two years to four years. It's the time window developers...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!