Government
Apr. 11, 2013
IRS ruling could help fuel renewable energy projects on tribal land
The ruling, which only applies to the unidentified taxpayer who requested it response to an energy project, is limited to that situation. But some say it could lead to more interest from tribes wishing to take part in solar investment.
Daily Journal Staff Writer
American Indian tribes have long been interested in renewable energy, but as nontaxable entities couldn't take advantage of a federal tax credit aimed at encouraging such projects. However, a recent Internal Revenue Service ruling could change that and usher in a bigger role for tribes in green energy development. Last month, the IRS released a private letter stating that an Indian tribe, as the own...
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