In the Know

U.S. Manufacturing Tax Credit for Advanced Energy Property
August 31, 2009
Alerts
Arnall Golden Gregory LLP

The “Stimulus” legislation enacted by Congress in February, 2009 authorized new tax credits (“Manufacturing Credits”) for eligible property that is part of a project that establishes, expands or modifies a manufacturing facility for the production of “advanced energy property.” Procedures and details for the program were announced on August 13, 2009 in Treasury Notice 2009-72. The program will be administered jointly by the U.S. Department of Energy (DOE) and Department of the Treasury.

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