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Wednesday, April 17, 2013

US clears up PTC wind rule


The US Treasury has clarified rules surrounding the Production Tax Credit to kick-start projects to begin in 2013, rather than just awarding the incentive scheme to those completed this year.
The Internal Revenue Service said projects starting this year may be able to qualify for the tax credit but they have to show ‘significant work of a physical nature’ has taken place and that five per cent of costs have been incurred.[News & Views]

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