The U.S. Treasury Department and IRS today released for publication in the Federal Register a notice that provides the 2018 inflation adjustment factor and reference prices used in determining the availability of the credit for renewable electricity production and refined coal production under section 45.
Today’s notice [PDF 165 KB] provides:
Today’s notice explains that the credit for electricity produced from wind and the credit for refined coal are not phased out for 2018 because the reference prices do not exceed the beginning of the phase-out threshold.
The adjustment factor and reference prices are also provided in Notice 2018-50 that appears in Internal Revenue Bulletin 2018-22 [PDF 882 KB] (dated May 29, 2018).
For the 2017 factors and reference prices, read TaxNewsFlash
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