January 22, 2019

Per the Boston Capital Income Averaging State Guide we released yesterday, states are developing a variety of policies to implement the Income Average Test. The below questions, however, focus on the federal rule, as distinct from state approaches.

1. Income Averaging is available to projects that had not ______________ prior to the passage of the new law.  

     A. received a carryover allocation

     B. had a LURA registered

     C. had its minimum set-aside elec...