Congress Wishes the Renewable Energy Industry A Merry Christmas, But More Remains To Be Done.
Mondaq Business Briefing › Nbr. 2011, January 2011
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Congress Wishes the Renewable Energy Industry A Merry Christmas, But More Remains To Be Done.
On December 17, 2010, President Obama signed the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 (the "Job Creation Act"), extending for one year the cash grant program for renewable energy projects, which was initially enacted as part of the American Recovery and Reinvestment Act of 2009 (the "Recovery Act"). In addition, the Job Creation Act permits businesses to fully expense the cost of qualified property placed in service after September 8, 2010 and be...
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