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IRS SETS INFLATION ADJUSTMENT FACTORS UNDER SECTION 45

Thursday, March 29, 2007 - 7:30AM

The Internal Revenue Service (IRS) today issued a notice that sets out the 2007 calendar year inflation adjustment factors and reference prices used to determine the availability of the tax credit for renewable electricity production, refined coal production, and Indian coal production under Internal Revenue Code (IRC) Section 45. The inflation adjustment factor for calendar year 2007 for qualified energy resources and refined coal is 1.3433. Click here for more information.

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