Section 45 Federal Tax Credits by Ray Dinning, lawyer

International Tax Partners is seeing a significant rise in Section 45 Tax Credit projects for the production of refined coal, waste coal and steel industry fuel.  Ray Dinning, tax lawyer, is working with six companies in Virginia, Pennsylvania, West Virginia and Kentucky on Section 45 Tax Credits since October, 2010.  “The rapid rise in tax credit projects under Section 45 is due to small to mid-sized coal producers just beginning to hear about the Federal Tax Benefits of Section 45.”

Section 45 Federal Tax Credits provide a dollar for dollar tax reduction for coal producers or the tax credits can be monetized or “sold” to provide needed cash flow to small and mid-sized businesses.  For more information, call International Tax Partners at (202) 460-1116.

 

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1 Comment

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One response to “Section 45 Federal Tax Credits by Ray Dinning, lawyer

  1. The way I read Section 45, this credit is only available if the coal is used for electric generation and excludes waste coal that is sold as met coal. Is that correct?

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