X
07Aug

Viewing Notice 2020-12 Through the Lens of Notice 2013-29 and Notice 2018-59: How is “Beginning of Construction” Guidance for Section 45Q Carbon Capture Credit Projects Different from Wind and Solar Precedents?

In February 2020, the IRS issued Notice 2020-12, which provides long-awaited guidance on when a “qualified facility” or carbon capture equipment, in each case within the meaning of section 45Q, is considered to have “begun construction.” This question is of paramount significance because section 45Q allows a carbon capture credit for carbon oxide that is captured using carbon capture equipment that is originally placed in service at a qualified facility, and a qualified facility means an...
By: Mintz - Energy & Sustainability Viewpoints
Source Url: https://www.jdsupra.com/legalnews/viewing-notice-2020-12-through-the-lens-66014/

Related

[Video] The Role of HR in Creating an Ethical Culture

The Evaluation of Corporate Compliance Programs, 2019 Guidance, makes clear that operationalization ...

Read More >

The Supreme Court Will Take Another Look At Its ERISA Stock-Drop Pleading Standard

Synopsis: ERISA stock-drop litigation has diminished in recent years due to the Supreme Court’s Dud...

Read More >

Opportunities for Social Infrastructure P3s (Yes, Including Colleges and Universities)

Earlier this summer, Plenary Properties Merced completed construction on the well-known UC Merced 20...

Read More >

Fifth Circuit Finds Jurisdiction Over Post-Award Proceedings Under FAA

While the Federal Arbitration Act (“FAA”) does not provide federal subject matter jurisdiction, fe...

Read More >

Oregon Governor Signs Paid Family And Medical Leave Law

Oregon’s paid family and medical leave law was signed by Governor Kate Brown on August 9, 2019. Eli...

Read More >

[Video] Daily Compliance News: July 22, 2019, Pickers and Packers edition

In today’s edition of Daily Compliance News: • CVS alleged to have used compliance personnel as ‘...

Read More >