Sentences with phrase «lieu of tax credits»

Projects must be underway by Dec. 31 to get federal cash grants in lieu of tax credits equal to 30 % of the projects» costs.»

Solar, wind, biomass and hydroelectric power producers want Congress to provide cash payments in lieu of tax credits now available for building renewable energy power plants or producing cleaner energy (see Industry Groups Call for Changes to Federal Incentives).

I was pleased to help ensure the legislation included extensions of important renewable energy production and investment tax credits, eliminated the previous cap on the credit for residential solar electric systems, and created the new Treasury Department's (Section 1603) grant in lieu of tax credit program.

Not exact matches

While both deed in lieu agreements and short sales represent alternatives to foreclosure, neither will spare you from a lower credit score, the possibility of a deficiency judgment, or an increase in your taxes.

Jefferson, Washington, and the Congress chose to help the industry get back on its feet by what was essentially a tax cut (in lieu of tariffs paid for supplies coming from outside the U.S.) to the owners and workers of the cod fishery on the condition that the ship owners share the tax credits with all the workers.

The credit allowed by this section is in lieu of any deduction pursuant to section 170 of the internal revenue code and taken for state tax purposes.

Annual Credit for Substitute Payments If you have a margin account, learn how payments made in lieu of dividends may impact your taxes.

Beyond the negative tax implications, the long - term effect of a deed in lieu includes a significant hit to your credit score.

While both deed in lieu agreements and short sales represent alternatives to foreclosure, neither will spare you from a lower credit score, the possibility of a deficiency judgment, or an increase in your taxes.

If a fund holds Build America Bonds, the fund may be eligible to receive a federal income tax credit; however, the issuer of a Build America Bond may instead elect to receive a cash payment directly from the federal government in lieu of holders such as the fund receiving a tax credit.

The grant option is designed to provide direct payments in lieu of the 30 - percent federal renewable energy tax credit.