Federal Production Tax Credit definition

Federal Production Tax Credit means production tax credit under Section 45 of the Internal Revenue Code as in effect from time to time throughout the Delivery Period or any successor or other provisions providing for a federal tax credit determined by reference to renewable energy produced from wind or other renewable energy resources for which Seller, as the owner of the Project, is eligible.
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Federal Production Tax Credit means production tax credit under Section 45 of the Internal Revenue Code as in effect from time-to-time throughout the Delivery Term or any successor or other provision providing for a federal tax credit determined by reference to renewable electric energy produced from wind or other renewable energy resources for which Seller, as the owner of the Generating Facility, is eligible.
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Examples of Federal Production Tax Credit in a sentence

  • The Federal proposals have also tended to assume a replacement of the Federal Production Tax Credit (PTC) with a National RPS, whereas state programs will operate with or without the Federal PTC.

  • SWEPCO is seeking Wind Projects that will qualify for the Federal Production Tax Credit (“PTC”).

  • The Federal Production Tax Credit (PTC) has been instrumental in supporting the deployment and growth of wind energy in the U.S.22 The current tax credit is$0.014/kWh over a 10-year time period for wind facilities commencing construction in 2018.

  • The Startup Deadline shall be extended on a day-for-day basis for any delay in enactment of the Federal Production Tax Credit Legislation beyond December 31, 2009, but may in no event be later than December 31, 2010.

  • The Texas RPS, which is a state measure, has existed alongside the Federal Production Tax Credit, which has ensured a minimum payment and has reduced the level of risk within the mechanism.23 An obligation can apply to new or to all renewable capacity.

  • This has lead to the emergence of new service entities, for example, the outsourcing of Information Technology (IT) services to specialist IT firms, and customer inquiry services to call centres (Correia et al., 2008:354).

  • South Dakota PrairieWinds ProjectChapter 5251July 2010DOE/EIS-0418, FinalFigure 5.1 Midwest Independent System Operator Approved Interconnection Projects and Migratory FlywaysThe Federal Production Tax Credit, recently extended through the American Recovery and Reinvestment Act of 2009, has been a major incentive for wind energy development.

  • It is currently the only state to have a Renewable Production Incentive that pays eligible developers $0.015/kWh. This is on top of the Federal Production Tax Credit that may also be available for such projects.

  • Proposed Purchase Prices shall not include any Subscriber Savings or On-bill Credit and cannot be conditioned upon or subject to adjustment based upon the availability of the Federal Production Tax Credit or the Federal Investment Tax Credit, or the availability, receipt, or continuation of any other tax treatment or government grant or subsidy.

  • The Canisteo Wind Project presents a unique opportunity to contract with a competitively priced, high quality wind project prior to the expiration of the Federal Production Tax Credit in 2020.

Related to Federal Production Tax Credit

  • non-taxable territory means the territory which is outside the taxable territory;

  • Input Tax Credit means the credit of input tax;

  • child tax credit means a child tax credit under section 8 of the Tax Credits Act 2002;

  • Transaction Tax Deductions means, to the extent Tax deductible for Income Tax purposes, all compensation attributable to payments by a Company or Company Subsidiary on or prior to the Closing Date, including employee transaction-related bonuses, change of control payments, and severance payments, resulting from or related to the consummation of the Contemplated Transactions that are charged to Sellers as part of the Transaction Expenses.

  • Tax Credits means any state, local and/or federal production tax credit, tax deduction, and/or investment tax credit specific to the production of renewable energy and/or investments in renewable energy facilities.

  • Tax Credit means a credit against, relief or remission for, or repayment of any Tax.

  • Balancing Authority Area or “BAA” shall mean the collection of generation, transmission, and loads within the metered boundaries of the Balancing Authority. The Balancing Authority maintains load-resource balance within this area.

  • Transaction Taxes has the meaning set forth in Section 2.6.

  • taxable territory means the territory to which the provisions of this Act apply;

  • Union territory tax means the Union territory goods and services tax levied under the Union Territory Goods and Services Tax Act;

  • Relevant Tax Authority means HMRC, or, if applicable, the tax authority in the jurisdiction in which the Supplier is established;

  • foreign tax means any Foreign Income Taxes or Foreign Other Taxes.

  • Post-Distribution Tax Period means a Tax year beginning and ending after the Distribution Date.

  • Foreign taxes means value-added taxes and custom duties assessed by a foreign government on a commodity. It does not include foreign sales taxes.

  • council tax benefit means council tax benefit under Part 7 of the SSCBA; “couple” has the meaning given by paragraph 4;

  • Pre-Distribution Tax Period means any taxable period (or portion thereof) that ends on or before the Distribution Date.

  • Distribution Taxes means any Taxes incurred solely as a result of the failure of the Intended Tax Treatment of the Restructuring, the Contribution or the Distribution.

  • State-certified production means a qualified production

  • Tax Attribute means a net operating loss, net capital loss, unused investment credit, unused foreign tax credit, excess charitable contribution, general business credit or any other Tax Item that could reduce a Tax.

  • Integrated Goods and Services Tax Act means the Integrated Goods and Services Tax Act, 2017;

  • Volumetric Production Payments means production payment obligations recorded as deferred revenue in accordance with GAAP, together with all undertakings and obligations in connection therewith.

  • regulated product means a consumer product for which a VOC standard is specified in section 94509(a), and

  • Gross receipts tax means any gross receipts, sales, use, excise, value added or any similar tax.

  • Other Connection Taxes means, with respect to any Recipient, Taxes imposed as a result of a present or former connection between such Recipient and the jurisdiction imposing such Tax (other than connections arising from such Recipient having executed, delivered, become a party to, performed its obligations under, received payments under, received or perfected a security interest under, engaged in any other transaction pursuant to or enforced any Loan Document, or sold or assigned an interest in any Loan or Loan Document).

  • Transfer Tax means all transfer, documentary, sales, use, stamp, registration, value added and other such Taxes and fees (including any penalties and interest) incurred in connection with the transactions contemplated under this Agreement.

  • Income Tax Return means any Tax Return relating to Income Taxes.