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IRS Issues Guidance Regarding Beginning of Construction Requirement for PTC and ITC

The IRS today issued guidance regarding the “beginning of construction” requirement as it relates to the clean electricity production tax credit (PTC) under Internal Revenue Code Section 45Y and the clean electricity...more

White House Orders Treasury to Revisit Beginning of Construction Guidance

The White House today issued an Executive Order that requires the Treasury Department to “issue new and revised guidance * * * to ensure that policies concerning the ‘beginning of construction’ are not circumvented, including...more

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