IRS PUBLISHES SECTION 45K INFLATION ADJUSTMENT FACTOR, AND REFERENCE PRICE
Notice 2008-44 announces the 2007 credit for fuel produced from a nonconventional source under Internal Revenue Code Section 45K. The Section 45K credit for gas produced from biomass, and liquid, gaseous or solid synthetic fuel produced from coal is reduced for the 2007 calendar year. The Section 45K credit for fuel produced from coke or coke gas is not subject to phase-out. Notice 2008-44 will appear in Internal Revenue Bulletin 2008-16, dated April 21, 2008.
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