Investment credit and joint ventures

Journal Article · Thu Oct 26 04:00:00 EDT 1978 · Public Util. Fortn.; (United States)

OSTI ID:6384372

Battersby, M E

The Internal Revenue Service (IRS) has determined that the tax portion of joint ventures involving public or municipal and investor-owned utilities does not preclude the utility from benefiting from investment tax credits for partial ownership, although the tax investment credit is not available to the portion owned by a municipality or cooperative. The author defines the terms and explains the qualifications and applications of the tax laws, which he illustrates for specific cases. He also identifies several loopholes in the structural component of the law. The complexities of the law, however, may well prevent many utilities from taking advantage of the IRS interpretation.

• OSTI ID: 6384372
• Journal Information: Public Util. Fortn.; (United States), Journal Name: Public Util. Fortn.; (United States) Vol. 102:9; ISSN PUFNA
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
290200* -- Energy Planning & Policy-- Economics & Sociology
293000 -- Energy Planning & Policy-- Policy
Legislation
& Regulation
COMMUNITIES
CONSTRUCTION
FINANCIAL INCENTIVES
FINANCING
GOVERNMENT POLICIES
IMPLEMENTATION
INVESTMENT
JOINTS
LAWS
LEGISLATION
LIABILITIES
LOCAL GOVERNMENT
NATIONAL ORGANIZATIONS
OWNERSHIP
PUBLIC UTILITIES
TAX LAWS
TAXES
US IRS
US ORGANIZATIONS