THE SECTION 1603 PROGRAM HAS BEEN EXTENDED
Section 707 of the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 extends, for one year, important program deadlines:
1. Eligibility Deadlines: To be eligible, a property must be placed in service in 2009, 2010, or 2011 or placed in service after 2011 but only if construction of the property began during 2009, 2010 or 2011. The credit termination date (see Program Guidance pg.5) remains unchanged.
2. Application Deadline: Applications must be submitted before October 1, 2012.