IRS Paves the Road for a Windy 2016
In March, the IRS published Notice 2015-25. The rules in the notice will facilitate wind projects raising financing and give projects that had started construction in 2013 but were facing obstacles an additional year to navigate those obstacles.
In the eyes of many tax advisors, the rules in the notice should have flowed naturally from Congress’ extension of the deadline for projects to “start construction” from 2013 to 2014. However, based on the almost three months between the enactment of the legislation in December to the issuance of the notice in March and reports of difficult discussions within the IRS, there appears to have been some wrangling at the IRS as to how to craft the new rules.
Read IRS Paves the Road for a Windy 2016, Renewable Energy World