During yesterday’s webinar entitled “The Stimulus Bill: Structured Tax Incentives” Greg Jenner (Stoel Rives LLP attorney), Victoria McDowell (Chief Administrator of the Treasury ITC Grant Program), and Kevin Pearson (Stoel Rives LLP attorney) walked webinar participants through the background of the American Recovery and Reinvestment Act grant program and the application process.
Ms. McDowell provided insightful comments about to the application process, including the timing of submitting an application and the importance of including all supporting documentation. Ms. McDowell stated that Treasury is in the process of preparing additional guidance on the “beginning of construction” requirement. Currently, either physical work of a significant nature must have begun to meet the requirement or, under a safe harbor provided by Treasury, an applicant must have paid or incurred more than 5 percent of the total cost of the project (excluding the cost of land and any preliminary activities). Ms. McDowell’s comments suggested that forthcoming revisions from Treasury will further simplify the “beginning of construction” requirement. For more information on this and other key legal issues related to the Stimulus Bill, please join us for these future webinars:
- November 18, 2009
Grants & Applications – The Process and the Pitfalls
- November 19, 2009 (just added)
Follow up Webinar on Structured Tax Incentives – The 1603 Grant Program
- December 2, 2009
The DOE Loan Guarantee Program Long-Term and Ongoing
Each session will be 60 minutes and feature a question & answer period. The panels will also respond in real time to questions submitted by listeners.
REGISTER HERE: http://www.stoel.com/webcasts