IRS issues 2017 production tax credits, ups closed-loop biomass

The Internal Revenue Service has published guidance pertaining to the Section 45 Production Tax Credit for 2017.

The PTC, last extended under the Obama administration in late 2015, provides a per-kilowatt-hour tax credit for electricity generated by qualified energy resources and sold to an unrelated entity during the taxable year. Via the last extension, qualified facilities must have begun construction by the IRS prior to January 1, 2017.

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