Tax Credit Timetable Should Lead The Way For Renewables

Law360, New York (August 22, 2014, 10:34 AM EDT) -- With developers in the renewable energy industry racing to complete energy projects across the country by Jan. 1, 2016, the Internal Revenue Service has published additional guidance to reduce uncertainty regarding the ability of certain projects to qualify for production tax credits.

On Aug. 8, 2014, the IRS issued Notice 2014-46 to provide additional guidance regarding the continuous construction tests and other matters pertaining to PTC qualification. Notice 2014-46 reconfirms and expands on the guidance provided in previously issued notices.

Background

The American Taxpayer Relief Act of 2012 was enacted on Jan. 2, 2013. ATRA had the effect of altering the...

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