The Treasury Department and IRS today released for publication in the Federal Register a notice that provides the 2016 inflation adjustment factors 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 187 KB] provides:
Also, the credit is not phased out for 2016 because the reference price does not exceed the beginning of the phaseout threshold.
The IRS on May 20, 2016, released Notice 2016-34 [PDF 29 KB] providing the same information as in the Federal Register notice, but for publication in the Internal Revenue Bulletin.
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