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ARTICLE · 14 APRIL 2010

IRS Issues Annual Inflation Factor and Reference Prices for Section 45 Production Tax Credits

2010 Tax Credit Amounts: The IRS recently published the inflation adjustment factor and reference prices for the 2010 calendar year for production tax credits under Section 45 of the Internal Revenue Code.

United StatesEnergy and Natural Resources

2010 Tax Credit Amounts: The IRS recently published the inflation adjustment factor and reference prices for the 2010 calendar year for production tax credits under Section 45 of the Internal Revenue Code. The 2010 tax credit amounts for renewable energy production, refined coal production and Indian coal production are set forth below.

Renewable energy source or coal production activity

2010 credit amount (cents per kilowawtt-hour; dollars per ton)

Deadline for facility being placed in service

Wind

2.2

12/31/12

Closed-loop biomass

2.2

12/31/13

Open-loop biomass

1.1

12/31/13

Geothermal energy

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