<!DOCTYPE html> <html> <head><title>Microturbine Search Engine Series | Capstone Turbine Publications | Section 29 Tax Credits | 001</title></head><body> <meta name= "description"content=" Information Publications | Publications Search Engine | On Demand PDF Document Searches "/> <meta name="keywords"content="capstone turbine, microturbine, Capstone C30,Capstone C65,Capstone C200,Capstone C600,Capstone C800,Capstone C1000"/><a href="http://www.globalmicroturbine.com"><img src="logo.jpg"alt="Global Microturbine - Global Energy LLC "></a></p> <BR> Publication Title | Section 29 Tax Credits <BR><p><b>Microturbine Search Engine Series </b></p><p>Capstone Turbine Publications search was updated real-time via Filemaker on:</p> <script type="text/javascript">tmonth=new Array("January","February","March","April","May","June","July","August","September","October","November","December"); function GetClock(){ d = new Date(); nday = d.getDay(); nmonth = d.getMonth(); ndate = d.getDate(); nyear = d.getYear(); if(nyear<1000) nyear=nyear+1900; document.getElementById('clockbox').innerHTML=""+tmonth[nmonth]+" "+ndate+", "+nyear+""; setTimeout("GetClock()", 1000); } window.onload=GetClock; </script> <div id="clockbox"></div></p><a href='../index.htm'> Capstone Turbine Publications | Return to Search List </a><BR><BR><p>Search Completed | Title | Section 29 Tax Credits <BR> Original File Name Searched: 01.pdf | <a href="https://www.google.com/search?q=01.pdf">Google It</a></a> | <a href="https://www.yahoo.com/search?q=01.pdf">Yahoo</a></a> | <a href="https://www.bing.com/search?q=01.pdf">Bing</a></a> </p><p><br /></p><BR> Page Number: 001<BR><a href="capstone-microturbine-model-c30-troubleshooting-guide-001.htm">Previous Page View</a> | <a href="section-29-tax-credits--002.htm">Next Page View</a><BR><TABLE border='1' style=width='1200'><TR><TD valign='top'> <p>Text | Section 29 Tax Credits | 001</p><BR><BR><span style="" >Sunday, September 10, 2000 Google Search: section 29 Page: 1<br/><br/>Section 29 Tax Credits<br/> Internal Revenue Code allows companies to claim a tax credit <br/>Section 29 of the for fuel produced from nonconventional means. These companies are also permitted to sell these tax credits to individuals or corporations. This little-understood investment opportunity provides a relatively stable return with very little risk.<br/><br/>Please click HERE if you have tax credits to SELL or if you NEED tax credits for the tax year 2000.<br/><br/>This web site provides basic information about Internal Revenue Code section 29 tax credits, and describes how individuals<br/><br/>and corporations can profit from them.<br/><br/>Overview of the Section 29 Tax Credit<br/><br/>Contents<br/><br/>How to File the Credit<br/><br/>The Difference Between a Tax Credit and a Tax Deduction<br/><br/>Tax Credits are NOT Write-Offs! They are Three Times as Valuable Calculation of the Section 29 Tax Credit<br/><br/>What's a Tax Credit Worth?<br/><br/>Tax Credits are a Dollar-for-Dollar Reduction of Your Tax Bill<br/><br/>Hedging a Tax Credit Investment<br/><br/>Low-Income Housing Credits Compared With Nonconventional Fuel Credits Additional Readings<br/><br/>Overview of the Section 29 Tax Credit<br/><br/>Section 29 of the Internal Revenue Code authorizes an income tax credit for producing fuel from a nonconventional source. The amount of credit allowed in a given year is based on the amount of qualified fuel produced in that year.<br/><br/>Because many nonconventional fuel producers can not utilize the full value of their tax credits, they have restructured themselves in order to transfer these credits to other parties.<br/><br/>One such arrangement is the limited partnership, where net income along with tax credits are allocated to the partners in proportion to their respective interests in gross sales. Under this arrangement, each partner receives an annual form K-1 on which appears his or her allocation of the tax credits generated for that year. These credits are then placed directly in line 43 of the investor's form 1040, as described on page 23 of the form 1040 instructions.<br/><br/>Another strategy has been the royalty trust, where each member of the trust acquires a nonoperating net profit interest in the property. Tax credits available for fuel produced on the property are then allocated to the members in proportion to their interest in the royalty trust. There are currently eight publicly-traded oil and gas royalty trusts that pass nonconventional fuels tax credits to investors.<br/><br/>Section 29 of the Internal Revenue Code describes the following fuels as eligible for the tax credit:<br/><br/>oil produced from shale,<br/><br/>oil produced from tar sands,<br/><br/>gas produced from geopressured brine,<br/><br/>gas produced from Devonian shale,<br/><br/>gas produced from coal seams,<br/><br/>gas produced from a tight formation,<br/><br/>gas produced from biomass, and<br/><br/>liquid, gaseous, or solid fuels produced from coal.<br/><br/>Generally, in order to qualify for the credit, these fuels must be either produced from wells that were drilled after 1979 and before 1993, or produced in facilities placed in service during the same time period. Furthermore, the credit is allowed only<br/><br/>http://www.google.com/search?q=section+29&amp;hl=en&amp; safe=off<br/><br/></span></TD><TD valign='top'><p>Image | Section 29 Tax Credits </p><BR><BR><img src='../images/section-29-tax-credits--001.jpg' alt='section-29-tax-credits- ' style='margin-left:20px;border-style:solid;border-width:1px;border-color:black;'> </TD></TR></TABLE><table border=1px solid blackstyle =width:50%> <tr> <td><b>Capstone Turbine For Sale </b>- Microturbine C30 C65 C200 C600 C800 C1000 - <a href="http://www.globalmicroturbine.com">Go to microturbine website</a> </td> </tr> </tr> </table> <p> </p> <script> (function(i,s,o,g,r,a,m){i['GoogleAnalyticsObject']=r;i[r]=i[r]||function(){ (i[r].q=i[r].q||[]).push(arguments)},i[r].l=1*new Date();a=s.createElement(o), m=s.getElementsByTagName(o)[0];a.async=1;a.src=g;m.parentNode.insertBefore(a,m) })(window,document,'script','https://www.google-analytics.com/analytics.js','ga'); ga('create', 'UA-85515761-1', 'auto'); ga('send', 'pageview'); </script><address> <p>Search Engine Contact: <a href="mailto:greg@globalmicroturbine.com?subject="Microturbine">greg@globalmicroturbine.com</a></p><p><br /></p></body></html>