IRS INVITES COMMENTS ON 48C NOTICE

Wednesday, October 24, 2012 - 7:00am

The Internal Revenue Service (IRS) yesterday invited comments regarding Notice 2009-72, Qualifying Advanced Energy Project Credit. Notice 2009-72 establishes the qualifying advanced energy project program under Section 48C. The notice also announced the initial allocation round of the qualifying advanced energy project credit, also known as the advanced energy manufacturing tax credit, to qualifying projects under the program. No changes to the notice have been proposed. Comments will be accepted through Dec. 24.