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TREASURY PROVIDES MORE GUIDANCE ON BEGINNING OF CONSTRUCTION FOR SECTION 1603 PROGRAM

Tuesday, June 29, 2010 - 3:15AM

On June 25 the Treasury Department posted additional guidance regarding the regarding the beginning of construction and eligibility for the Section 1603 renewable energy tax credit cash grant program. For a property that is not placed in service in 2009 or 2010, to be eligible for the Section 1603 program construction on the property must begin in 2009 or 2010. The new guidance is provided in the form of 25 frequently asked questions and answers regarding the beginning of construction for the Section 1603 program.

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