A. GENERAL DESCRIPTION. The Federal Internal Revenue Code provides a business income tax credit in the amount of $0.023 (2015) per kilowatt hour of electricity produced from qualifying renewable resources during a ten-year period. IRC §45; Notice 98-27, 1998-18 IRB 14; Notice 97-30, 1997-1 CB 416; Notice 96-25, 1996-1 CB 375; Rev. Proc. 2007-65; Announcement 2009- 69; INFO 2010-0025; INFO 2010-0037; Notice 2010-37; Notice 2011-40; Notice 2012-35; Notice 2013-29; Notice 2013-33; PLR 201308021; Notice 2014-36; Notice 2014-39; Notice 2014-46; Notice 2015-25; Notice 2015-32; Notice 2015-51; PLR 201510038; P.L. 114-113 (2015); Notice 2016-31; Notice 2016-34; Notice 2017-04.

B. ELIGIBLE TAXPAYERS. The tax credit isavailable to Taxpayers producing electricity from qualifying renewable resources and selling the electricity produced to an unrelated person.