An Incentive in Every Pot: The Race for New Energy-Related Federal Cash Grants
Not even Franklin Delano Roosevelt could have imagined the scope and breadth of the current federal programs to stimulate the economy. Some of the new federal programs require standing in a different kind of line — a line to obtain grants set aside for energy-related projects and, unlike the FDR programs, it appears to be the race goes to the swift.
Credit:
An Incentive in Every Pot: The Race for New Energy-Related Federal Cash Grants
IRS Guidance on Electing ITC
On Friday, June 5, the Internal Revenue Service issued Notice 2009-52, which provides guidance informing taxpayers how to elect to claim the Investment Tax Credit (”ITC”) under IRC § 48 in lieu of the Production Tax Credit (”PTC”) under IRC § 45 with respect to qualifying projects. This election was provided for as part of the American Recovery and Reinvestment Act of 2009 (”ARRA”).
Continue here:
IRS Guidance on Electing ITC