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ANALYSIS: Next Steps for Recipients of Qualifying Advanced Energy Project Credit Allocation

March 10, 2010 in Daily Tax Report · Leave a Comment 

Katherine Breaks, John Gimigliano, and Deborah Karet of KPMG LLP’s Washington National Tax practice discuss the $2.3 billion in qualifying advanced energy project tax credit allocations for clean energy manufacturing projects across the United States announced by President Obama in January. The purpose of the program is to encourage taxpayers to re-equip, expand, or establish U.S. manufacturing facilities for the production of certain energy-related property, they note. The authors identify next steps for recipients and address additional considerations related to the credit…

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