Production Tax Credit definition

Production Tax Credit or “PTC” means the tax credit for electricity produced from certain renewable generation resources described in Section 45 of the Internal Revenue Code of 1986, as it may be amended or supplemented from time to time.

Production Tax Credit or “PTC” means a production tax credit under the United States Internal Revenue Code.

Production Tax Credit or “PTC” means the renewable energy production tax credit (26 U.S.C.

Examples of Production Tax Credit in a sentence

• Subject to certain criteria, geothermal power projects are eligible for the full Production Tax Credit (“PTC”) if placed in service by December 31, 2013.

• As of December 31, 2014, the Project as designed and defined herein was qualified as having commenced construction for purposes of qualifying the Project for the Production Tax Credit in Section 45 of the Code, and the investment tax credit under Section 48 of the Code.

• Renewable power growth is projected in long-term, but medium-term uncertainty from Production Tax Credit phase-out .

• While the corporation does not expect the business conditions that contributed to decreased income in the plastics, manufacturing and health services segment in 2003 to continue in 2004, the uncertainty of the economy and the Production Tax Credit in the wind energy business, the impact of steel pricing and a potential increase in interest rates could impact the corporation’s earnings guidance for 2004.

• U.S. Production Tax Credit that provides approximately 2.1 cents per kilowatt-hour (kWh) of federal tax benefit for the first ten years of a renewable energy facility's operation, indexed for inflation;These laws provide benefits by facilitating higher revenues and cash flow and project financing.

More Definitions of Production Tax Credit

Production Tax Credit means the production tax credit applicable to electricity produced from certain renewable resources pursuant to 26 U.S.C. §45.

Production Tax Credit means the tax credits applicable to electricity produced from certain renewable resources pursuant to Article 45 of the Internal Revenue Code (as amended from time to time), or such substantially equivalent federal tax incentive that provides Seller with a tax credit based on energy production from any portion of the wind project.

Production Tax Credit or "PTC" means the tax credit provided by Section 45 of the Internal Revenue Code of 1986, as amended, for electricity produced from certain qualified energy resources, including wind.

Production Tax Credit. [content/culture] 45

Production Tax Credit. [content/culture] Must be a Can. Film or Video Production (defined above) The Tax Credit is essentially 25% (QC=33.33%) of 48% (QC=45% / will be changed to 50%), which is 12% (QC= just under 27%)of the total costs. Meaning the gov’t will refund $120K. (takes 12-18mths. for the gov’t to issue) BUT you know you will receive that if you spend $1M. Hence, you go to the bank for interim financing of $110K (plus $10K interest) for an assignment of the $120K 18mths hence of the gov’t refund. This is free money, but when/if there is a profit on the film it will be taxed. This 12% tax credit will be subtracted from the CCA, so if the film costs $1M it is now $880K (b/c you subtracted the $120K). This means if you have $880K income thereafter your net income is 0. BUT, the next $120K is taxable – which was the real cost to which the film was $1M. Which only makes sense b/c at this point the production is really turning a profit. -The tax credit will be payable to a producer, which is a “qualified corporation” that files a Can. Film or Video Production certificate (defined as being a certificate issued by the gov’t, in response to an ap. by the producer, that lays out the films proposal in its entirety (before production starts). The certificate states that based on the info. submitted to the gov’t., they hereby confirm (if done what is proposed in the film) the production will be seen as a Can. Film or Video Production & the estimated amount of total tax credit will be $X. The bank then takes that ‘Part-A’ certificate (& looks to see what the producer said he’d do) then the bank knows the producer will actually receive the tax credit, which the bank will seek an assignment thereof. Problem! As Crown receivables have restrictions on assignability (Fed & prov.). Generally, receivable owing by the gov’t cannot be assigned to a 3P, which would defeat the whole purpose of the exercise (that being to have monies advanced despite the obscene of revenue projections). Hence both Feds, the QC amended their tax laws to effectively allow these types of tax credit to be assigned. HOWEVER the bank cannot enforce them agst the gov’t. Thus the assignment is valid BUT the assignment will not bind the crown – if fact the Crown can offset the refund agst any liability that the producer owes. Hence, a problem still exists, which concerns the bank – although in real life no problems have been grand, although the gov’t does still refuse to issue the check to anyone else except the pr...

Production Tax Credit or “PTC” means tax credits ap- plicable to electricity produced from certain renewable

Production Tax Credit means the credits defined in Subsections 59-7-614(2)(c) and 59-10- 1106(2)(b) that provides