Information Provided by:    McLiney And Company the nation's leading firm in tax-credit bonds.

 

HOW CAN CREB FUNDS BE SPENT?

"[A]...project will constitute a “qualified project” within the meaning of section 54(d)(2)(A), and must indicate the expected date the project will be placed in service."

If your 9,000+ page IRS tax code is handy, turn to section referenced above. If you don't have the code, a quick rule of thumb can be:

1. The project must generate electricity.

2. The project must be from a "clean process" including clean coal.

3. An independent engineer must certify that both 1 & 2 criteria have been met.

Home