Helpful Guidance for Renewable PTC “Begin Construction” and “Continuous Efforts”

As noted in our prior article, New Twist to the Renewable PTC Extension: Defining “Under Construction,” published March 12, 2013, the American Taxpayer Relief Act of 2012 (“ATRA”) extends the Production Tax Credit (“PTC”) and Investment Tax Credit (“ITC”) for certain renewable facilities if construction of the facility begins prior to January 1, 2014, but did not define the “begin construction” requirement.

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