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TREASURY ANNOUNCES $150 MILLION IN SECTION 48C TAX CREDITS

Thursday, February 7, 2013 - 8:00AM

The U.S. Departments of Energy and Treasury announced the availability of more than $150 million in advanced energy manufacturing tax credits. The announcement launches the second phase of the qualifying advanced energy project program under Section 48C, which provides tax credit for investments in manufacturing facilities for clean energy technologies. The initial round of Sec. 48C allocations provided $2.3 billion in tax credits to 183 projects; the $150 million in tax credits announced today are available because they were not used by the previous awardees. Details about eligibility and the allocation process can be found in Notice 2013-12.

To learn more, tune in to the Tax Credit Tuesday podcast on February 12. Questions can be directed to Stephen Tracy, CPA, at 415-356-8000 or Tony Grappone, CPA, at 617-330-1920.

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