U.S. Manufacturing Tax Credit for Advanced Energy Property

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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