Kelley did not provide a date on which the guidance would be released, but stated that the government would “like to move pretty quickly.”2 Prompt action would be helpful as the industry is concerned that if the guidance comes too late in the year that some projects may not be able to arranging financing to fund construction costs in order to meet the de facto deadline of being placed in service by the end of 2015 in order to avoid application of the “continuous construction” standard.3 Kelley suggested that the guidance may take the form of questions and answers.4
IRS Will Issue Further PTC Start of Construction Guidance
Categories
© 2026 Akin Gump Strauss Hauer & Feld LLP. All rights reserved. Attorney advertising. This document is distributed for informational use only; it does not constitute legal advice and should not be used as such. Prior results do not guarantee a similar outcome. Akin is the practicing name of Akin Gump LLP, a New York limited liability partnership authorized and regulated by the Solicitors Regulation Authority under number 267321. A list of the partners is available for inspection at Eighth Floor, Ten Bishops Square, London E1 6EG. For more information about Akin Gump LLP, Akin Gump Strauss Hauer & Feld LLP and other associated entities under which the Akin Gump network operates worldwide, please see our Legal Notices page.