Does production tax credit extension mean a more likely phase-out?
Congress finally got around to extending the production tax credits (PTCs) and investment tax credits (ITCs) for wind, geothemal, biomass, marine, landfill gas and hydro projects. That is not news. However, in extending these credits, a precedent was set for future tax credit policy. Developers can prop open a closing tax credit window by starting construction of a project this year. This is a double-edged sword — it will spur investment in the short term, but it could also provide Congress with a palatable pathway to ramp down these incentives.
Click on the link above to download the briefing from Chadbourne & Parke.
Sign in or Register to continue reading this article
It's quick, easy and free!
Why register to The Lawyer
More relevant to you
News from Chadbourne & Parke
News from The Lawyer
Briefings from Chadbourne & Parke
The June 2013 edition of Chadbourne & Parke’s Project Finance Newswire is available now.
The New York State Department of Labor recently published proposed regulations addressing employer deductions from employee wages.