IRS Extends Continuity Safe Harbor for Offshore Projects and Federal Land Projects
By EsqSocial Corporation 06/01/21
On December 31, 2020, the IRS issued Notice 2021-5, which provides relief for the impact of delays on qualified facilities and energy property projects being constructed offshore or on federal land with respect to the “beginning of construction” requirements for renewable energy projects eligible for the production tax credit (PTC) or investment tax credit (ITC)....
By: Troutman Pepper