Home > Legal Library > Abstract

Join Matindale-Hubbell Connected

IRS Issues Guidance for the ITC in Lieu of PTC Election

by Laura Ellen Jones
Hunton & Williams LLP - Richmond Office

David S. Lowman
Hunton & Williams LLP - Washington Office

David B. Weisblat
Hunton & Williams LLP - Washington Office

Timothy L. Jacobs
Hunton & Williams LLP - Washington Office

June 25, 2009

Previously published on June 2009

On Friday, June 5, the Internal Revenue Service (the "Service") released Notice 2009-52 (the "Notice"), which provides the procedures for taxpayers to elect to claim an investment tax credit ("ITC") under Section 48 of the Internal Revenue Code (the "Code) in lieu of production tax credits ("PTC") provided under Section 45 of the Code.


The views expressed in this document are solely the views of the author and not Martindale-Hubbell. This document 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.

View More Library Documents By...

Practice Area
Hunton & Williams LLP Overview