Waste Coal and Refined Coal Tax Incentives by Ray Dinning

Over six companies have sought guidance in the last two weeks on the Section 45 Refined Coal Tax Credit and Waste Coal Tax Credit.  International Tax Partners is assisting small to mid sized companies in claiming their federal energy tax credits.

On October 4, 2010, the IRS issued guidance for the Refined Coal Tax Credit.  Notice 2010-54 provides key guidance on claiming this very beneficial “green” incentive to produce usable coal from waste coal and to produce a cleaner burning coal for energy production.

In 2010, the tax credit is $6.27 per ton of refined coal produced and sold for the power generation market.  “This is a substantial incentive for coal producers to produce and market a cleaner coal product,” says Dinning.  For information concerning Section 45 tax credits or other energy incentives, please call International Tax Partners at 757.232.2619.



Leave a comment

Filed under Uncategorized

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s