Informational Applicant Webinar : - Low-Income Communities Bonus Credit Program §48(e)
12 October 2023
12 Additional Selection Criteria – Ownership Criteria • Tribal enterprise • Alaska Native Corporation Ownership criteria • Renewable energy cooperative The ownership criteria is • Qualified renewable energy company based on characteristics of • Qualified tax-exempt entity the applicant that owns the qualified solar or wind facility. [...] 23 Registration Requirements • Upon logging into the Portal for the first time, you will agree to the Privacy Notice and complete the registration process. [...] • Required Information includes: • First and Last name of organization contact • Secondary organization contact • Legal organization name and contact information • Parent Organization (if applicable) • Employer Identification Number (EIN) or Taxpayer Identification Number (TIN) that you plan to use for tax filing purposes • Organization Address • Organization Type • Confirm if your organization is. [...] • If taxpayers want to request a transfer of an allocation to a new owner of the same facility, they may email the program administrator to initiate this request and provide required documentation including but not limited to the ownership transfer agreement. [...] 40 Disqualification at Placed in Service The application may also be disqualified after receiving an allocation if any of the following occurs: • Facility location changes; • Facility cannot satisfy the financial benefits requirements for Category 3 or Category 4; • Facility is not placed in service within four years of allocation award; • Facility received an allocation based on meeting the Owner.