The American Recovery and Reinvestment Act of 2009 (ARRA), which was enacted in February, permits an applicant to receive a grant from Treasury in lieu of claiming investment tax credits (ITCs) or production tax credits (PTCs).
Today the U.S. Treasury Department issued much-anticipated guidance concerning applications to receive cash grants in lieu of claiming income tax credits for certain renewable energy projects. Although the guidance includes a sample application form, the U.S. Treasury has stated that it will not accept applications until August 1.
Read the full analysis on this guidance including grant details, eligibility and the application process at www.stoel.com.
If you have questions about today’s Treasury Department guidance and grants in lieu of ITCs or PTCs, contact:
Chris Heuer at firstname.lastname@example.org
Greg Jenner at email@example.com
Carl Lewis at firstname.lastname@example.org
Kevin Pearson at email@example.com
Adam Kobos at firstname.lastname@example.org