Notice 2015-14: Qualifying advanced coal project program, credit reallocations

Qualifying coal project program, credit reallocations

The IRS today released an advance version of Notice 2015-14 concerning the next round of allocation of credits under the qualifying advanced coal project program of section 48A.

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Notice 2015-14 [PDF 117 KB] announces:

  • Applications for the 2015 reallocation round (“Round 2”) of the section 48A Phase III program are due on or before April 1, 2015.
  • To be considered for Round 2 allocations, applications must be submitted to the Energy Department and the IRS.
  • For Round 2 of the section 48A Phase III program, the amount of credits available for reallocation are in the amount of $1.104 billion.

This IRS guidance reports that, unless otherwise noted, Round 2 will be conducted in the same manner and under the same procedures as provided under Notice 2012-51 that established the section 48A Phase III program.

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