Energy & Clean Technology Alert: 2012 Defense Act Liberalizes Section 1603 Grant Rules for Regulated Public Utility Property
12/20/2011
By Travis Blais
On Thursday, December 16, 2011 Congress sent the National Defense Authorization Act of 2012 (NDAA) to the president to sign into law. While not usually a vehicle for energy tax policy, the 2012 NDAA surprisingly did include an amendment to the tax law. Specifically, the language eases eligibility requirements for regulated public utilities seeking to utilize the Section 1603 Grant Program.
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