The U.S. Court of Federal Claims decided that Halloween was
the perfect day to release its Alta v. United States opinion, and the plaintiffs are
enjoying the treat.
Plaintiffs sued the Treasury for the alleged underpayment of
over $206 million in grants under section 1603 of the American Recovery and
Reinvestment Tax Act of 2009, which provides owners of certain renewable energy
projects a grant equal to 30 percent of the property’s “basis.”
“And therein lies the dispute.”
