SECTION 2. EXTENSION OF

BEGINNING OF CONSTRUCTION DATE

Prior to TIPA, sections 45(d) and 48(a)(5) required that construction of a qualified facility begin before January 1, 2014 for the facility to be eligible for the PTC or ITC. Based on sections 45 and 48 as in effect before the enactment of TIPA, the prior IRS notices provide guidance to determine whether construction has begun on a qualified facility prior to January 1, 2014. Because TIPA extended the date by which construction of a qualified facility must begin to January 1, 2015, this notice updates all references to “January 1, 2014” in the prior IRS notices as they relate to the date by which construction must begin on a facility by replacing “January 1, 2014” with “January 1, 2015.” Except as otherwise specified in this notice, the guidance provided in the prior IRS notices continues to apply.