Federal Production Tax Credit definition

Federal Production Tax Credit means production tax credit under Section 45 of the Internal Revenue Code as in effect from time-to-time throughout the Delivery Term or any successor or other provision providing for a federal tax credit determined by reference to renewable electric energy produced from wind or other renewable energy resources for which Seller, as the owner of the Generating Facility, is eligible.
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Examples of Federal Production Tax Credit in a sentence

  • The Federal Production Tax Credit (PTC) began in 1992,2 and many states have implemented their own incentives to help the capital‐ intensive renewable energy industry develop within their borders.

  • The Startup Deadline shall be extended on a day-for-day basis for any delay in enactment of the Federal Production Tax Credit Legislation beyond December 31, 2009, but may in no event be later than December 31, 2010.

  • The City shall not have more than eight (8) officers designated as a FTO.

Related to Federal Production Tax Credit

  • Tax Credits means the low-income housing tax credits found in Section 42 of the Code, and all rules, regulations, rulings, notices and other promulgations thereunder.

  • Tax Credit means a credit against, relief or remission for, or repayment of any Tax.

  • Commercial Production means the operation of the Property or any portion thereof as a producing mine and the production of mineral products therefrom (excluding bulk sampling, pilot plant or test operations);

  • Foreign taxes means value-added taxes and custom duties assessed by a foreign government on a commodity. It does not include foreign sales taxes.