Summary
Per Rev. Rul. 2006-9, the credit under Section 45 of the Code for electricity produced from qualified energy resources at a qualified facility is not reduced under Section 45(b)(3) on account of a state or local tax credit.
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Extract
Rev. Rul. 2006-9
ISSUE
Is the credit under § 45 of the Internal Revenue Code for electricity produced from qualified energy resources at a qualified facility reduced under § 45(b)(3) on account of a state or local tax credit?FACTSState X provides tax cre...See the full content of this document
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