Daily Tax Report ®

Sens. Ask Mnuchin to Extend Safe Harbor for Wind, Solar Credits

May 21, 2020, 11:15 PM

Republican senators led by Lisa Murkowski ask Treasury Sec. Steven Mnuchin to ease requirements for companies using the energy investment tax credit and production tax credit.

  • Murkowski, Susan Collins and Thom Tillis write to Mnuchin to request an extension to the start-of-construction safe harbor regulations for the ITC and PTC, in order to account for equipment delivery delays stemming from the pandemic
    • Sens. also seek modification of physical work test requirements to enable continuing efforts to qualify for relief
  • Related: Treasury Agrees to Extend Deadline for Wind, Solar Tax Credits

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