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Legislation Would Allow Option of Direct Payments In Lieu of ITC, PTC

Friday, May 14, 2021 - 8:30AM

Reps. Earl Blumenauer, D-Oregon, and Mike Levin, D-California, introduced legislation this week that would allow taxpayers the option to take renewable energy tax credits as a direct payment rather than a credit. The Renewable Energy Investment Act (H.R. 3180) would make the investment tax credit (ITC), production tax credit (PTC) eligible for an irrevocable election to receive as a direct payment.

Federal and state legislation will be among the topics discussed at the Novogradac 2021 Spring Renewable Energy and Environmental Tax Credits Virtual Conference, May 20-21.

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