Notice 2020-88 announces a new round of credits under the § 48A Qualifying Advanced Coal Project Program available for allocation. Section 48A was enacted in 2005 and was modified and provided additional funding in 2008. Various allocation and re-allocation rounds for § 48A credits have been established, most recently in 2015. The Department of the Treasury and the Internal Revenue Service have now determined that $2,041,500,000 of § 48A credits are available for reallocation due to forfeitures of $279,000,000 and $1,442,200,549 of previously allocated § 48A Phase II and Phase III credits, respectively, and $320,399,451 of unallocated §48A Phase III credits. Accordingly, this notice announces the beginning of Round 3 of the § 48A Phase III Program. 

Notice 2020-88 will be in IRB:    2020-53, dated 12/28/20.