Renewable Energy/Investment Tax Credit: Arizona Court of Appeals Addresses Valuation Issue

Download PDF [co-author: Christian Parker] The Court of Appeals in Arizona (“Court”) in a May 14th Opinion addressed a tax issue involving renewable energy requirements. See Agua Caliente Solar, LLC v. Arizona Dept. of Revenue. No. CA-TX22-0007. The question addressed whether a claimed investment tax credit deferred as a tax asset has “value” for purposes…

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