IRS to rewrite eligibility rule for new projects under extended PTC

03/21/2013 | Bloomberg

The wind-energy industry is awaiting the Internal Revenue Service's revisions to the eligibility rule for new wind projects under the extended wind-energy Production Tax Credit as the measure provides tax incentives to developers that "begin construction" this year. "This extension allows the industry to reactivate development that had been on hold since mid-year," said Tom Vinson of the American Wind Energy Association "The start-construction language provides a longer period of certainty than prior extensions."

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