The Service issued Notice 2009-72 on August 13, 2009, establishing the qualifying advanced energy project program pursuant to IRC Section 48C(d). Notice 2009-72 announces an initial allocation round of the qualifying advanced energy project credit under the program. The purpose of the program is “to encourage taxpayers to re-equip, expand or establish manufacturing facilities for the production of certain energy related property.”
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Lexis Explanation IRC Sec. 48C(d)
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