The Treasury Department and IRS today released for publication in the Federal Register a notice that provides the 2017 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. For calendar year 2017, the credit period for Indian coal production has expired.
Today’s notice [PDF 166 KB] provides:
Also, the credit for electricity produced from wind and the credit for refined coal are not phased out for 2017 because the reference prices do not exceed the beginning of the phaseout threshold.
Notice 2017-33 was released by the IRS in the Internal Revenue Bulletin 2017-22 [PDF 109 KB] dated Tuesday, May 30, 2017.
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