IRS Announces New Allocation Round for Qualifying Advanced Coal Project Program

Monday, December 14, 2020 - 11:15am

The Internal Revenue Service (IRS) today announced a new round of credits available for allocation under the Section 48A Qualifying Advanced Coal Project program. In IRS Notice 2020-88, the IRS says that $2.04 billion in credits is available for reallocation due to forfeitures of previously allocated credits. Notice 2020-88 will be published in the Dec. 28, 2020 Internal Revenue Bulletin. Applications for the third phase of the Section 48A program must be submitted to the Department of Energy and the IRS on or before March 29, 2021.