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IRS Announcement of Qualifying Advanced Energy Project Program
Sprunger & Joyner
August 2009, Energy Update

The Treasury Secretary and the Internal Revenue Service announced the establishment of the qualifying advanced energy project program to implement the new investment credit under Section 48C of the Internal Revenue Code.


Grants in Lieu of Credits
Sprunger & Joyner
July 2009, Energy Update

The Treasury Department and the Department of Energy announced that they are now accepting applications for grants in lieu of production tax credits (“PTCs”) and investment credits for specified energy properties.


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