Monday, January 9, 2012

2012 Defense Act Liberalizes Section 1603 Grant Rules for Regulated Public Utility Property

by:Travis L. Blais ~

Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. - Boston Office

December 16, 2011 Congress sent the National Defense Authorization Act of 2012 (NDAA) to the president to sign into law. The 2012 NDAA section 1096 amended a key energy tax provision for renewable energy project developers –

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2 comments:

Anonymous said...

Am I missing something here or is this amendment a moot point since the requirement still exists that construction of a project must start by Dec.31 2011,in order to qualify for consideration of the grant. It is now 2012. ???

Anonymous said...

Not moot, this was done in anticipation of the renewal of the Production Tax credit.