IRS Says Smart Grid Investment Grants Under American Recovery and Reinvestment Act Program Non-Taxable

The Internal Revenue Service March 10 issued Revenue Procedure 2010-20 providing safe harbor treatment under tax code Section 118(a) for firms receiving grants for smart grid investment.

“With the determination that Smart Grid Investment Grants to corporations are non-taxable, corporate utilities will be able to launch their investments with a clear indication of the tax status for their projects,” the Treasury Department and the Department of Energy said in a joint news release announcing the revenue procedure.

1. Read this entire article for free, simply activate your free 15 day trial access to Daily Tax Report now.

Daily Tax Report

3. First Name(required)
4. Last Name(required)
5. Email(valid email required)
6. Job Title(required)
7. Organisation(required)
8. Address(required)
9. Address 2
10. City(required)
11. ZIP/Postal Code(required)
12. Country(required)
13. Phone(required)
14. Verification
15. I would like to receive occasional emails about product updates and special offers

 

cforms contact form by delicious:days