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TREASURY ISSUES NEW SECTION 1603 GUIDANCE

Thursday, June 30, 2011 - 7:00AM

The U.S. Department of the Treasury today issued guidance for evaluating cost basis for solar photovoltaic properties under the Section 1603 grant in lieu of energy tax credit program. The document, intended to assist with preparing Section 1603 applications, outlines the process and principles that Treasury uses to evaluate basis.If you have questions about the new guidance or the Section 1603 program, please contact Stephen Tracy, CPA, at [email protected] or 415-356-8000.

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