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Holland & Knight says it published an alert on the Section 48D construction deadline
Holland & Knight said it published an alert on the construction-start deadline for the advanced manufacturing investment credit under Internal Revenue Code Section 48D. The firm said construction must begin by December 31, 2026, and examined how work and spending tests apply to semiconductor manufacturing facilities.
Key points
- The firm said the credit rate is 35% for qualifying property placed in service after December 31, 2025.Holland & Knight
- Holland & Knight said preliminary planning does not count as qualifying physical work.Holland & Knight
- The firm said a safe harbor generally requires paying or incurring at least 5% of the project’s total cost.Holland & Knight
- Holland & Knight said a ten-year continuity safe harbor can extend through December 31, 2036.Holland & Knight