Webinar spells out 1603 Treasury Program

By Lisa Gibson | September 22, 2011

The Dec. 31 deadline for the 1603 Treasury Program is looming and will put an end to the application period for cash grants for projects that have commenced construction or that are placed in service.

A Sept. 29 webinar by the American Biogas Council will delve into the grant in lieu of tax credit program, explaining its terminology, standards and qualifications.

The 1603 Treasury Program allows owners of property that would otherwise qualify for the production tax credit or the investment tax credit to receive a cash grant from the U.S. Treasury in lieu of the credit and in the amount of a 30 percent investment tax credit. That includes owners of biogas producing digesters.

Presenters for the webinar include Amish Shah, a tax attorney with Sutherland Asbill & Brennan LLP; Ellen Neubauer, grants program manager for the U.S. Department of the Treasury; Catherine Lewis, North American business development manager for Entec Biogas USA/Reynolds Inc., and moderator Ted Niblock, general counsel and director of government affairs for Homeland Renewable Energy.

The event will be held from noon to 1:30 p.m. ET and is free for American Biogas Council Members, who can register by emailing [email protected]. For nonmembers, the cost is $89 and they can register here.