The IRS today released a revised, updated version of Notice 2016-31 concerning the safe harbor rules for satisfying requirements for “beginning construction” of a qualified facility eligible for the renewable electricity production tax credit (PTC), or the election to claim the investment tax credit (ITC) in lieu of the PTC under sections 45 and 48.
In a transmittal message, the IRS stated that Notice 2016-31 (that was originally issued on May 5, 2016) was being updated to reflect three changes:
Read the updated version of Notice 2016-31 [PDF 43 KB]
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