• IRS Provides Guidance on Beginning of Construction for Renewable Energy Projects
  • April 17, 2013 | Author: Jeffrey G. Davis
  • Law Firm: Mayer Brown LLP - Washington Office
  • On April 15, 2013, the US Internal Revenue Service (the IRS) released Notice 2013-291 (the Notice) to provide additional guidance on the “beginning of construction” requirement to qualify for the Section 45 production tax credit (the PTC), as well as the election to claim the Section 48 investment tax credit (the ITC).