Alternative & renewable energy tax newsalert archive

This newsalert provides timely updates regarding "green" tax credits, incentives, and legislative/regulatory changes undertaken at the Federal and state level that are relevant to US corporations. International issues may be addressed if they impact US corporations.

April 2013

• IRS releases guidance on beginning of construction standards for PTC
• Obama FY2014 budget proposal would make PTC permanent, refundable, and applicable to solar

March 2013

• Treasury announces Section 1603 grants are subject to 8.7% sequester

February 2013

• IRS announces second phase of Section 48C qualifying advanced energy project tax credits

January 2013

• Fiscal Cliff legislation extends production tax credit and other clean energy provisions

December 2012

• IRS Revokes Earlier Ruling That Allowed Taxpayer to Include Facility-Specific PPAs in Wind Farms' Cost Basis

November 2012

• IRS rules certain smart meters can be depreciated over five years

August 2012

• Wind PTC, Other Renewables Extensions Included in Senate Finance Bill

April 2012

• IRS Rules That Facility-Specific PPAs for Wind Farms Are Part of Facility Cost Basis

March 2012

• IRS Issues Q&A Guidance on Section 1603 Treasury Grants

February 2012

• IRS Tweaks Guidance on Section 179D Energy Efficiency Deduction
• President Obama's FY2013 Budget outlines renewable energy priorities
• IRS Private Guidance Provides Insight on Placed-in-Service Requirements for Wind Projects

December 2011

• Treasury's 1603 Grant Program: New guidance clarifies application of the five-percent safe harbor
• Treasury's 1603 Grant Program: When can you use the "3 1/2 month rule" to take delivery of property in 2012 and still reach the 2011 construction safe harbor?

November 2011

• Treasury's 1603 Grant Program: What should you consider before the December 31st deadline?

July 2011

• IRS guidance on auditing new "economic substance" provisions may give comfort to renewable energy investors
• Treasury issues guidance on calculating eligible basis for solar property under section 1603 renewable energy grants-in-lieu of tax credits