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Past Event
11 August 2009


  • Jeffrey G. Davis
    T +1 202 263 3390

Treasury Grants for Renewable Energy Property in Lieu of Tax Credits

Treasury Grants for Renewable Energy Property in Lieu of Tax Credits

Tuesday, August 11, 2009

On July 9, 2009, the US Treasury Department (Treasury) published guidance regarding grants in lieu of tax credits (Grants) under section 1603 of the American Recovery and Reinvestment Act of 2009. On July 31, 2009, Treasury announced that it is now accepting applications for Grants. Mayer Brown, along with a Treasury representative, will present the details of the Grant program in a one hour webinar.

Our presenters will review the guidance regarding, among others, the following topics:

  • Application Procedures
    • Where to apply
    • When to apply
    • What to include

  • Applicant Eligibility
    • Ineligible persons, such as tax-exempt entities
    • Special rules for pass-through entities
    • Time for determining eligibility

  • Property Eligibility
    • Determining when construction on a project has begun
    • Treatment of units of property
    • Original use requirement

  • Leased Property
    • Pass-through of Grant payment
    • Special rule for sale-leaseback transaction

  • Recapture
    • Disqualifying events
    • Consequences of recapture

  • Assigning Grant payments
    • Form notice of assignment


Jeffrey G. Davis

Ellen Neubauer
Grants Program Manager
Office of the Fiscal Assistant Secretary
US Department of the Treasury
Washington DC

Related Materials
Presentation Slides (PDF)

Learn more about our Energy, Tax Transactions & Consulting and Projects groups.

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