Start-Of-Construction Update Should Benefit Clean Energy

Law360, New York (May 27, 2016, 11:34 AM EDT) -- Jeffrey G. Davis

David K. Burton

Anne S. Levin-Nussbaum On May 5, 2016, the U.S. Internal Revenue Service released Notice 2016-31[1] (available here) to update previous IRS "start of construction" guidance in light of the extension (at the end of 2015) of the renewable electricity production tax credit (PTC) under Section 45 of the Internal Revenue Code of 1986, for electricity produced by qualifying wind, hydropower, geothermal, biomass or trash projects (PTC projects) that begin construction before 2017, and a gradually phased out PTC in the case of qualifying wind facilities that begin construction after 2016 but before 2020.[2]

It is our...

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!


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?
Ask a question!