IRS may issue clarification on PTC's "safe harbor" clause, official says

09/12/2013 | SNL Financial (free content)

A clarification for the wind-energy Production Tax Credit's 5% "safe harbor" provision could be issued by the Internal Revenue Service, said Christopher Kelley of the Department of the Treasury, at the American Wind Energy Association's Wind Energy Finance and Investment Seminar in New York. The definition of "continuous effort" in the clause appears to be a source of confusion, hence the need for additional guidance, Kelley said.

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