N-20-88: Round 3 of Phase III of the § 48A Qualifying Advanced Coal Project Program
Internal Revenue Service (IRS) sent this bulletin at 12/14/2020 01:41 PM EST
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Issue Number: N-2020-88Inside This IssueNotice 2020-88 announces a new round of credits under the § 48A Qualifying Advanced Coal Project Program available for allocation. Section 48A was enacted in 2005 and was modified and provided additional funding in 2008. Various allocation and re-allocation rounds for § 48A credits have been established, most recently in 2015. The Department of the Treasury and the Internal Revenue Service have now determined that $2,041,500,000 of § 48A credits are available for reallocation due to forfeitures of $279,000,000 and $1,442,200,549 of previously allocated § 48A Phase II and Phase III credits, respectively, and $320,399,451 of unallocated §48A Phase III credits. Accordingly, this notice announces the beginning of Round 3 of the § 48A Phase III Program. Notice 2020-88 will be in IRB: 2020-53, dated 12/28/20. Thank you for subscribing to IRS GuideWire, an IRS e-mail service. If you are a Tax Professional and have a specific concern about your tax situation, call the IRS Practitioner Priority Service 1-866-860-4259. This message was distributed automatically from the IRS GuideWire mailing list. Please Do Not Reply To This Message. |