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IRS Guidance on Cash Grants for Renewable Energy Property Tax Credits

Submitted on Tags July 13th, 2009 by Hamilton Hackney
Posted in Tags Finance
Original news source: http://www.gtlaw.com/NewsEvents/Publications/Alerts?find=118540

The U.S. Department of Treasury has issued a guidance document regarding the cash in lieu of tax credits program in the American Recovery and Reinvestment Act of 2009. This is a summary of the much anticipated guidance and how the cash grant system works for qualifying expenditures on renewable energy property.

Read the full article at http://www.gtlaw.com/NewsEvents/Publications/Alerts?find=118540

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Tax Guidance from the IRS for Renewable Energy Projects

Submitted on Tags June 17th, 2009 by Hamilton Hackney
Posted in Tags Clean Energy
Original news source: http://www.gtlaw.com/NewsEvents/Publications/Alerts?find=116909

ARRA added two new and significant provisions relating to renewable energy facilities that involve the federal PTC and ITC. This Alert reviews the IRS\’s recently issued Notice 2009-52, which establishes the procedure taxpayers must follow to elect the ITC in place of the PTC.

Read the full article at http://www.gtlaw.com/NewsEvents/Publications/Alerts?find=116909

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