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OnDemand Course

Planning for Renewable Incentives in 2011 and Beyond

The grant in lieu of tax credits under section 1603 of the ARRA has been both a lifesaver and a game changer.

 However, section 1603 is likely to disappear after 2011 unless construction has begun on a project before then. This OnDemand Webinar will focus first on what is required to "begin construction" under section 1603, and will feature Victoria McDowell of the Treasury Department. Victoria McDowell will bring first-hand insights from 2010 when Treasury first confronted the "beginning construction" requirement, and will discuss new Treasury thinking about this requirement. In addition, the program will focus on what developers may face after 2011 and the lapse of the grant. What is the future of tax incentives for renewables in light of the controversy in Washington over budget cuts? Finally, the program will focus on the best strategies for monetizing tax benefits going forward. The sunset of section 1603 will place increased emphasis on optimizing the use of tax equity. Many developers have only a basic knowledge of the various tax equity structures that can be used with the investment and production tax credits. The program will discuss the basics of partnership flips; sale-leaseback transactions; leases with credit pass-through arrangements; prepayment structures; and "twinning" with other incentives. Learning Objectives You will be able to identify the requirements of the incentives for renewables. You will be able to recognize the requirements for "beginning construction" for the 1603 grant. You will be able to discuss what the future is likely to hold for tax incentives for renewables. You will be able to review the structures used to monetize tax incentives for renewables.

Runtime: 82 minutes
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Requirements for Current Incentives: PTC, ITC, 1603 and Bonus Depreciation

  • General Rules and Requirements
  • Meeting the "Beginning Construction" Requirements

What Is Likely to Happen After 2011

  • Likely Disappearance of 1603
  • Extension of PTC and ITC?
  • Bonus Depreciation?

Planning for Monetizing Remaining Incentives

  • Partnership Flip
  • Leasing Structures
  • Use of Other Incentives
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

This course was last revised on September 20, 2011.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Greg Jenner

Greg Jenner

Stoel Rives LLP

  • Partner in the Washington, D.C. office of Stoel Rives LLP
  • Practice emphasizes all aspects of tax, with a particular focus on renewable energy
  • Conducts regular seminars and workshops on renewable energy and tax policy
  • Former Tax Counsel, U.S. Senate Finance Committee; Deputy Assistant Secretary of Treasury for Tax Policy
  • J.D. degree, NYU School of Law
  • Can be contacted at [email protected] or https://www.stoel.com/people/gregory-f-jenner
Victoria McDowell

Victoria McDowell

U.S. Department of the Treasury

Victoria I. McDowell, M.Ed., CGFM

  • Serves as the compliance program manager in the U.S. Department of the Treasury for the Section 1603 Program – Payments in Lieu of Tax Credits for Specified Energy Property
  • Instrumental in developing and implementing the 1603 program since its inception when the American Recovery and Reinvestment Act was signed in February, 2009
  • Works closely with officials from Tax Policy, the IRS and Department of Energy and Industry to ensure that the 1603 program is transparent, responsive, and as effective and efficient as possible
  • Retired from the Alcohol and Tobacco Tax and Trade Bureau (TTB) within the U.S. Department of the Treasury in February, 2010 where she served as the deputy administrator overseeing all headquarters and field operations functions associated with TTB’s excise tax collection and consumer protection responsibilities related to the alcohol and tobacco industries
  • Prior to appointment as deputy administrator, was assistant administrator for field operations where she was responsible for overseeing the field offices, including taxpayer audits and investigations, and the National Revenue Center, which is responsible for collecting $21 billion in revenue annually
  • Served as the “deciding official” for all tax and administrative actions related to unpaid tax liability and violations of applicable statutes and regulations
  • Master’s and undergraduate degrees, Pennsylvania State University
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • Live Webinars
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  • MP3 Downloads
  • Course Manuals
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  • Executive Reports
  • White Papers and Articles
  • Sponsored Live Webinars

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  • State Specific Credit Tracker
  • Members Only Newsletter
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* For audio recordings you only pay shipping

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Product ID: 388571
Published 2011
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