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TREASURY, IRS RELEASE 2009-2010 PRIORITY GUIDANCE PLAN

Tuesday, November 24, 2009 - 5:00AM

The Treasury Department and Internal Revenue Service (IRS) today released the 2009-2010 Priority Guidance Plan, which contains 315 projects that are scheduled for completion from July 2009 through June 2010. 

According to the plan, the IRS plans to publish:

  1. guidance under §45 on the definition of refined coal;
  2. guidance concerning the credit for production from advanced nuclear power facilities under §45J; and
  3. guidance relating to the reimbursement of the costs of specified energy property under section 1603 of the American Recovery and Reinvestment Tax Act of 2009, including guidance regarding the interplay of section 1603 with sections 45 and 48 of the Internal Revenue Code.

When this guidance is released by the IRS, it will be posted at www.energytaxcredits.com.

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