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IRS Announces Section 48A Special Allocation Round |
March 7, 2008
Previously published on February 2008
On February 13, 2008, the IRS issued Notice 2008-26 which announces and describes the procedures for a special allocation round for $133,500,000 of Section 48A tax credits for IGCC projects using bituminous coal as a primary feedstock. This special allocation round is to accelerate the reallocation of the tax credits that were forfeited by TECO after it abandoned the plans for its proposed IGCC plant.
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The views expressed in this article are solely the views of the author and not Martindale-Hubbell. This article is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance. |
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