S372 - Renewable Energy Safe Harbor (SL 2015-11)

Overview: S.L. 2015-11, as amended by Sec. 54.3 of S.L. 2015-264, provides a delayed sunset for the credit for investing in renewable energy credit for the following taxpayers:

• Taxpayers that have incurred at least 80% of the costs, and partially constructed at least 80% of a project with less than 65 megawatts of capacity by January 1, 2016.
• Taxpayers that have incurred at least 50% of the costs, and partially constructed at least 50% of a project with 65 megawatts of capacity or more by January 1, 2016.

This act became effective April 30, 2015.