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Renewable Energy Tax Credits

IRS Notice Clarifies Begin-Construction Requirement for PTC and Elective ITC

IRS Notice Clarifies Begin-Construction Requirement for PTC and Elective ITC

The IRS has issued two notices this year that provide essential guidance for taxpayers who seek renewable energy tax credits under the Production Tax Credit (PTC) and elections to take the Investment Tax Credit (ITC).  Both of these tax credits were significantly amended by the American Taxpayer Relief Act of 2012 (ARTA).  The primary amendment replaced the in-service requirement with the begin-construction requirement.  Read More »IRS Notice Clarifies Begin-Construction Requirement for PTC and Elective ITC