Alerts6.8.20
IRS Extends Construction Safe Harbor For Renewable Energy Projects
Highlights
For renewable energy projects that began construction in 2016 or 2017, Notice 2020-41 adds another year to the 4-year “Continuity Safe Harbor” for determining beginning of construction
Notice 2020-41 extends special 3 ½ month rule for delivery of equipment until Oct.15, 2020 for payments made after Sept. 15, 2019
In Notice 2020-41, the Internal Revenue Service (IRS) extended both the Continuity Safe Harbor and 3 ½ Month Safe Harbor for satisfying the beginning of construction requirement for renewable energy projects that qualify for production tax credits (PTCs) or investment tax credits (ITCs).
Keep Up to Date in a Changing World
Do you want to receive more valuable insights directly in your inbox? Visit our subscription center and let us know what you’re interested in learning more about.
