I.R.C. § 45(a) General Rule —
For purposes of section 38, the renewable electricity production credit for any taxable year is an amount equal
to the product of—
I.R.C. § 45(a)(1) —
1.5 cents, multiplied by
I.R.C. § 45(a)(2) —
the kilowatt hours of electricity—
I.R.C. § 45(a)(2)(A) —
produced by the taxpayer—
I.R.C. § 45(a)(2)(A)(i) —
from qualified energy resources, and
I.R.C. § 45(a)(2)(A)(ii) —
at a qualified facility during the 10-year period beginning on the date the facility
was originally placed in service, and
I.R.C. § 45(a)(2)(B) —
sold by the taxpayer to an unrelated person during the taxable year.
I.R.C. § 45(b) Limitations And Adjustments
I.R.C. § 45(b)(1) Phaseout Of Credit —
The amount of the credit determined under subsection (a) shall be reduced by an amount which bears the same ratio to the amount of the credit
(determined without regard to this paragraph) as—
I.R.C. § 45(b)(1)(A) —
the amount by which the reference price for the calendar year in which the sale
occurs exceeds 8 cents, bears to
I.R.C. § 45(b)(1)(B) —
3 cents.
I.R.C. § 45(b)(2) Credit And Phaseout Adjustment Based On Inflation —
The 1.5 cent amount in subsection (a), the 8 cent amount in paragraph (1), the $4.375 amount in subsection (e)(8)(A), the $2 amount in subsection (e)(8)(D)(ii)(I), and in subsection (e)(8)(B)(i) the
reference price of fuel used as a feedstock (within the meaning of
subsection (c)(7)(A))
in 2002 shall each be adjusted by multiplying such amount by the inflation adjustment
factor for the calendar year in which the sale occurs. If any amount as increased
under the preceding sentence is not a multiple of 0.1 cent, such amount shall be
rounded to the nearest
multiple of 0.1 cent.
I.R.C. § 45(b)(3) Credit Reduced For Grants, Tax-Exempt Bonds, Subsidized Energy Financing, And Other
Credits —
The amount of the credit determined under subsection (a) with respect to any project for any taxable year (determined after the application
of paragraphs (1) and (2)) shall be reduced by the amount which is the product of the amount so determined
for such year and the lesser of 1/2 or a fraction—
I.R.C. § 45(b)(3)(A) —
the numerator of which is the sum, for the taxable year and all prior taxable years,
of—
I.R.C. § 45(b)(3)(A)(i) —
grants provided by the United States, a State, or a political subdivision of a State
for use in connection with the project,
I.R.C. § 45(b)(3)(A)(ii) —
proceeds of an issue of State or local government obligations used to provide financing
for the project the interest on which is exempt from tax under section 103,
I.R.C. § 45(b)(3)(A)(iii) —
the aggregate amount of subsidized energy financing provided (directly or indirectly)
under a Federal, State, or local program provided in connection with the project,
and
I.R.C. § 45(b)(3)(A)(iv) —
the amount of any other credit allowable with respect to any property which is part
of the project, and
I.R.C. § 45(b)(3)(B) —
the denominator of which is the aggregate amount of additions to the capital account
for the project for the taxable year and all prior taxable years.
The amounts under the preceding sentence for any taxable
year shall be determined as of the close of the taxable year. This
paragraph shall not apply with respect to any facility described in subsection (d)(2)(A)(ii).
I.R.C. § 45(b)(4) Credit Rate And Period For Electricity Produced And Sold From Certain Facilities
I.R.C. § 45(b)(4)(A) Credit Rate —
In the case of electricity produced and sold in any calendar year after 2003 at any
qualified facility described in paragraph (3), (5), (6), (7), (9), or (11) of subsection (d), the amount in effect under subsection (a)(1) for such calendar year (determined before the application of the last sentence of
paragraph (2) of this subsection) shall be reduced by one-half.
I.R.C. § 45(b)(4)(B) Credit Period
I.R.C. § 45(b)(4)(B)(i) In General —
Except as provided in clause (ii) or clause (iii), in the case of any facility described in paragraph (3), (4), (5), (6), or (7) of subsection (d), the 5-year period beginning on the date the facility was originally placed in service
shall be substituted for the 10-year period in subsection (a)(2)(A)(ii).
I.R.C. § 45(b)(4)(B)(ii) Certain Open-Loop Biomass Facilities —
In the case of any facility described in subsection (d)(3)(A)(ii) placed in service before the date of the enactment of this paragraph, the 5-year
period beginning on January 1, 2005, shall be substituted for the 10-year period
in subsection (a)(2)(A)(ii).
I.R.C. § 45(b)(4)(B)(iii) Termination —
Clause (i) shall not apply to any facility placed in service after the date of the enactment
of this clause.
I.R.C. § 45(b)(5) Phaseout Of Credit For Wind Facilities —
In the case of any facility using wind to produce electricity, the amount of the credit
determined under subsection (a) (determined after the application of paragraphs (1), (2), and (3) and without regard to this paragraph)
shall be reduced by—
I.R.C. § 45(b)(5)(A) —
in the case of any facility the construction of which begins after December 31, 2016,
and before January 1, 2018, 20 percent,
I.R.C. § 45(b)(5)(B) —
in the case of any facility the construction of which begins after December 31, 2017,
and before January 1, 2019, 40 percent,
I.R.C. § 45(b)(5)(C) —
in the case of any facility the construction of which begins after December 31, 2018,
and before January 1, 2020, 60 percent, and
I.R.C. § 45(b)(5)(D) —
in the case of any facility the construction of which begins after December 31, 2019,
and before January 1, 2021, 40 percent.
I.R.C. § 45(c) Resources —
For purposes of this section:
I.R.C. § 45(c)(1) In General —
The term “qualified energy resources”
means—
I.R.C. § 45(c)(1)(A) —
wind,
I.R.C. § 45(c)(1)(B) —
closed-loop biomass,
I.R.C. § 45(c)(1)(C) —
open-loop biomass,
I.R.C. § 45(c)(1)(D) —
geothermal energy,
I.R.C. § 45(c)(1)(E) —
solar energy,
I.R.C. § 45(c)(1)(F) —
small irrigation power,
I.R.C. § 45(c)(1)(G) —
municipal solid waste,
I.R.C. § 45(c)(1)(H) —
qualified hydropower production, and
I.R.C. § 45(c)(1)(I) —
marine and hydrokinetic renewable energy.
I.R.C. § 45(c)(2) Closed-Loop Biomass —
The term “closed-loop biomass” means any organic material from a plant
which is planted exclusively for purposes of being used at a qualified facility
to produce electricity.
I.R.C. § 45(c)(3) Open-Loop Biomass
I.R.C. § 45(c)(3)(A) In General —
The term “open-loop biomass” means—
I.R.C. § 45(c)(3)(A)(i) —
any agricultural livestock waste nutrients, or
I.R.C. § 45(c)(3)(A)(ii) —
any solid, nonhazardous, cellulosic waste material or any lignin material which
is derived from—
I.R.C. § 45(c)(3)(A)(ii)(I) —
any of the following forest-related resources: mill and harvesting residues, precommercial
thinnings, slash, and brush,
I.R.C. § 45(c)(3)(A)(ii)(II) —
solid wood waste materials, including waste pallets, crates, dunnage, manufacturing
and construction wood wastes (other than pressure-treated, chemically-treated, or
painted wood wastes), and landscape or right-of-way tree trimmings, but not including
municipal solid waste, gas derived from the biodegradation of solid waste, or paper
which is commonly recycled, or
I.R.C. § 45(c)(3)(A)(ii)(III) —
agriculture sources, including orchard tree crops, vineyard, grain, legumes, sugar,
and other crop by-products or residues.
Such term shall not include closed-loop biomass or biomass burned in conjunction
with fossil fuel (cofiring)
beyond such fossil fuel required for startup and flame stabilization.
I.R.C. § 45(c)(3)(B) Agricultural Livestock Waste Nutrients
I.R.C. § 45(c)(3)(B)(i) In General —
The term “agricultural livestock waste nutrients”
means agricultural livestock manure and litter, including wood shavings, straw, rice
hulls, and other bedding material for the disposition of manure.
I.R.C. § 45(c)(3)(B)(ii) Agricultural Livestock —
The term “agricultural livestock” includes bovine, swine, poultry, and
sheep.
I.R.C. § 45(c)(4) Geothermal Energy —
The term “geothermal energy” means energy
derived from a geothermal deposit (within the meaning of section 613(e)(2)).
I.R.C. § 45(c)(5) Small Irrigation Power —
The term “small irrigation power” means
power—
I.R.C. § 45(c)(5)(A) —
generated without any dam or impoundment of water through an irrigation system canal
or ditch, and
I.R.C. § 45(c)(5)(B) —
the nameplate capacity rating of which is not less than 150 kilowatts but is less
than 5 megawatts.
I.R.C. § 45(c)(6) Municipal Solid Waste —
The term “municipal solid waste” has the meaning given the term “solid
waste” under section 1004(27)
of the Solid Waste Disposal Act (42
U.S.C. 6903), except that such term does not include paper which is commonly recycled and which
has been segregated from other solid waste (as so defined).
I.R.C. § 45(c)(7) Refined Coal
I.R.C. § 45(c)(7)(A) In General —
The term “refined coal”
means a fuel which—
I.R.C. § 45(c)(7)(A)(i) —
which—
I.R.C. § 45(c)(7)(A)(i)(I) —
is a liquid, gaseous, or solid fuel produced from coal (including lignite) or high
carbon fly ash, including such fuel used as a feedstock,
I.R.C. § 45(c)(7)(A)(i)(II) —
is sold by the taxpayer with the reasonable expectation that it will be used for
the purpose of producing steam, and
I.R.C. § 45(c)(7)(A)(i)(III) —
is certified by the taxpayer as resulting (when used in the production of steam) in
a qualified emission reduction, or
I.R.C. § 45(c)(7)(A)(ii) —
which is steel industry fuel.
I.R.C. § 45(c)(7)(B) Qualified Emission Reduction —
The term “qualified emission reduction” means a reduction of at least
20 percent of the emissions of nitrogen oxide and at least 40 percent of the emissions
of either sulfur dioxide or mercury released when burning the refined coal (excluding
any dilution caused by materials combined or added
during the production process), as compared to the emissions released when burning
the feedstock coal or comparable coal predominantly available in the marketplace as
of January 1, 2003.
I.R.C. § 45(c)(7)(C) Steel Industry Fuel
I.R.C. § 45(c)(7)(C)(i) In General —
The term “steel industry fuel” means a fuel which—
I.R.C. § 45(c)(7)(C)(i)(I) —
is produced through a process of liquifying coal waste sludge and distributing it
on coal, and
I.R.C. § 45(c)(7)(C)(i)(II) —
is used as a feedstock for the manufacture of coke.
I.R.C. § 45(c)(7)(C)(ii) Coal Waste Sludge —
The term “coal waste sludge” means the tar decanter sludge and related
byproducts of the coking process, including such materials that have been stored in
ground, in tanks and in lagoons, that have been treated as hazardous wastes under
applicable Federal environmental rules absent liquefaction and processing with coal
into a feedstock for the manufacture of coke.
I.R.C. § 45(c)(8) Qualified Hydropower Production
I.R.C. § 45(c)(8)(A) In General —
The term “qualified hydropower production”
means—
I.R.C. § 45(c)(8)(A)(i) —
in the case of any hydroelectric dam which was placed in service on or before the
date of the enactment of this paragraph, the incremental hydropower production for
the taxable year, and
I.R.C. § 45(c)(8)(A)(ii) —
in the case of any nonhydroelectric
dam described in subparagraph (C), the hydropower production from the facility for the taxable year.
I.R.C. § 45(c)(8)(B) Determination Of Incremental Hydropower Production
I.R.C. § 45(c)(8)(B)(i) In General —
For purposes of subparagraph (A), incremental hydropower
production for any taxable year shall be equal to the percentage of average annual
hydropower production at the facility attributable to the efficiency improvements
or additions of capacity placed in service after the date of the enactment of this
paragraph, determined by using the same water flow information used to determine
an historic average annual hydropower production baseline for such facility. Such
percentage and baseline shall be certified by the Federal Energy Regulatory Commission.
I.R.C. § 45(c)(8)(B)(ii) Operational Changes Disregarded —
For purposes of clause (i), the determination of incremental hydropower production shall not be based on any
operational changes at such facility not directly associated with the efficiency
improvements or additions of capacity.
I.R.C. § 45(c)(8)(C) Nonhydroelectric Dam —
For purposes of subparagraph (A), a facility is described in this subparagraph if—
I.R.C. § 45(c)(8)(C)(i) —
the hydroelectric project installed on the nonhydroelectric dam is licensed by the
Federal Energy Regulatory Commission and meets all other applicable environmental,
licensing, and regulatory requirements,
I.R.C. § 45(c)(8)(C)(ii) —
the nonhydroelectric dam was placed in service before the date of the enactment of
this paragraph and operated for flood control, navigation, or water supply purposes
and did not produce hydroelectric power on the date of the enactment of this paragraph,
and
I.R.C. § 45(c)(8)(C)(iii) —
the hydroelectric project is operated so that the water surface elevation at any given
location and time that would have occurred in the absence of the hydroelectric project
is maintained, subject to any license requirements imposed under applicable law that
change the water surface elevation for the purpose of improving environmental quality
of the affected waterway.
The Secretary, in consultation with the Federal Energy Regulatory Commission, shall
certify if a hydroelectric project licensed at a nonhydroelectric dam meets the criteria
in clause (iii). Nothing in this section shall affect the standards under which the Federal Energy
Regulatory Commission issues licenses for and regulates hydropower projects under
part I of the Federal Power Act.
I.R.C. § 45(c)(9) Indian Coal
I.R.C. § 45(c)(9)(A) In General —
The term “Indian coal” means coal which is produced from coal reserves
which, on June 14, 2005—
I.R.C. § 45(c)(9)(A)(i) —
were owned by an Indian tribe, or
I.R.C. § 45(c)(9)(A)(ii) —
were held in trust by the United States
for the benefit of an Indian tribe or its members.
I.R.C. § 45(c)(9)(B) Indian Tribe —
For purposes of this paragraph, the term “Indian tribe” has the meaning
given such term by section 7871(c)(3)(E)(ii).
I.R.C. § 45(c)(10) Marine And Hydrokinetic Renewable Energy
I.R.C. § 45(c)(10)(A) In General —
The term “marine and hydrokinetic renewable energy”
means energy derived from—
I.R.C. § 45(c)(10)(A)(i) —
waves, tides, and currents in oceans, estuaries, and tidal areas,
I.R.C. § 45(c)(10)(A)(ii) —
free flowing water in rivers, lakes, and streams,
I.R.C. § 45(c)(10)(A)(iii) —
free flowing water in an irrigation system, canal, or other man-made channel, including
projects that utilize nonmechanical structures to accelerate the flow of water for
electric power production purposes, or
I.R.C. § 45(c)(10)(A)(iv) —
differentials in ocean temperature (ocean thermal energy conversion).
I.R.C. § 45(c)(10)(B) Exceptions —
Such term shall not include any energy which is derived from any source which utilizes
a dam, diversionary structure (except as provided in subparagraph (A)(iii)), or impoundment for electric power production purposes.
I.R.C. § 45(d) Qualified Facilities —
For purposes of this section:
I.R.C. § 45(d)(1) Wind Facility —
In the case of a facility using wind to produce electricity, the term “qualified
facility”
means any facility owned by the taxpayer which is originally placed in service after
December 31, 1993, and the construction of which begins before January 1, 2021. Such
term shall not include any facility with respect to which any qualified small wind
energy property expenditure
(as defined in subsection (d)(4) of section 25D) is taken into account in determining the credit under such section.
I.R.C. § 45(d)(2) Closed-Loop Biomass Facility
I.R.C. § 45(d)(2)(A) In General —
In the case of a facility using closed-loop biomass to produce electricity, the term
“qualified facility” means any facility—
I.R.C. § 45(d)(2)(A)(i) —
owned by the taxpayer which is originally placed in service after December 31, 1992,
and the construction of which begins before January 1, 2021, or
I.R.C. § 45(d)(2)(A)(ii) —
owned by the taxpayer which before January 1, 2021, is originally placed in service
and modified to use closed-loop biomass to co-fire with coal, with other biomass,
or with both, but only if the modification is approved under the Biomass Power for
Rural Development Programs or is part of a pilot project of the Commodity Credit Corporation
as described in 65 Fed. Reg. 63052.
For purposes of clause (ii), a facility shall be treated as modified before January 1, 2021, if the construction
of such modification begins before such date.
I.R.C. § 45(d)(2)(B) Expansion Of Facility —
Such term shall include a new unit placed in service after the date of the enactment
of this subparagraph in connection with a facility described in subparagraph (A)(i), but only to the extent of the increased amount of electricity produced at the facility
by reason of such new unit.
I.R.C. § 45(d)(2)(C) Special Rules —
In the case of a qualified facility described in subparagraph (A)(ii)—
I.R.C. § 45(d)(2)(C)(i) —
the 10-year period referred to in subsection (a) shall be treated as beginning no earlier than the date of the enactment of this
clause, and
I.R.C. § 45(d)(2)(C)(ii) —
if the owner of such facility is not the producer of the electricity, the person eligible
for the credit allowable under subsection (a) shall be the lessee or the operator of such facility.
I.R.C. § 45(d)(3) Open-Loop Biomass Facilities
I.R.C. § 45(d)(3)(A) In General —
In the case of a facility using open-loop biomass to produce electricity, the term
“qualified facility” means any facility owned by the taxpayer which—
I.R.C. § 45(d)(3)(A)(i) —
in the case of a facility using agricultural livestock waste nutrients—
I.R.C. § 45(d)(3)(A)(i)(I) —
is originally placed in service after the date of the enactment of this subclause
and the construction of which begins before January 1, 2021, and
I.R.C. § 45(d)(3)(A)(i)(II) —
the nameplate capacity rating of which is not less than 150 kilowatts, and
I.R.C. § 45(d)(3)(A)(ii) —
in the case of any other facility, the construction of which begins before January
1, 2021.
I.R.C. § 45(d)(3)(B) Expansion Of Facility —
Such term shall include a new unit placed in service after the date of the enactment
of this subparagraph in connection with a facility described in subparagraph (A), but only to the extent of the increased amount of electricity produced at the facility
by reason of such new unit.
I.R.C. § 45(d)(3)(C) Credit Eligibility —
In the case of any facility described in subparagraph (A), if the owner of such facility is not the producer of the electricity, the person
eligible for the credit allowable under subsection (a) shall be the lessee or the operator of such facility.
I.R.C. § 45(d)(4) Geothermal Or Solar Energy Facility —
In the case of a facility using geothermal or solar energy to produce electricity,
the term “qualified
facility” means any facility owned by the taxpayer which is originally placed
in service after the date of the enactment of this paragraph and which—
I.R.C. § 45(d)(4)(A) —
in the case of a facility using solar energy, is placed in service before January
1, 2006, or
I.R.C. § 45(d)(4)(B) —
in the case of a facility using geothermal energy, the construction of which begins
before January 1, 2021.
I.R.C. § 45(d)(5) Small Irrigation Power Facility —
In the case of a facility using small irrigation power to produce electricity, the
term “qualified facility” means any facility owned by the taxpayer which
is originally placed in service after the date of the enactment of this paragraph
and before October 3, 2008.
I.R.C. § 45(d)(6) Landfill Gas Facilities —
In the case of a facility producing electricity from gas derived from the biodegradation
of municipal solid waste, the term “qualified facility” means any facility
owned by the taxpayer which is originally placed in service after the date of the
enactment of this paragraph and the construction of which begins before January
1, 2021.
I.R.C. § 45(d)(7) Trash Facilities —
In the case of a facility (other than a facility described in paragraph (6)) which uses municipal solid waste to produce electricity, the term “qualified
facility”
means any facility owned by the taxpayer which is originally placed in service after
the date of the enactment of this paragraph and the construction of which begins
before January 1, 2021. Such term shall include a new unit placed in service in
connection with a
facility placed in service on or before the date of the enactment of this paragraph,
but only to the extent of the increased amount of electricity produced at the facility
by reason of such new unit.
I.R.C. § 45(d)(8) Refined Coal Production Facility —
In the case of a facility that produces refined coal, the term “refined coal
production facility” means—
I.R.C. § 45(d)(8)(A) —
with respect to a facility producing steel industry fuel, any facility (or any modification
to a facility)
which is placed in service before January 1, 2010, and
I.R.C. § 45(d)(8)(B) —
with respect to any other facility producing refined coal, any facility placed in
service after the date of the enactment of the American Jobs Creation Act of 2004
and before January 1, 2012.
I.R.C. § 45(d)(9) Qualified Hydropower Facility
I.R.C. § 45(d)(9)(A) In General —
In the case of a facility producing qualified hydroelectric production described
in subsection (c)(8), the term “qualified facility” means—
I.R.C. § 45(d)(9)(A)(i) —
in the case of any facility producing incremental hydropower production, such facility
but only to the extent of its incremental hydropower production attributable to
efficiency improvements or additions to capacity described in subsection (c)(8)(B) placed in service after the date of the enactment of this paragraph and before
January 1, 2021, and
I.R.C. § 45(d)(9)(A)(ii) —
any other facility placed in service after the date of the enactment of this paragraph
and the construction of which begins before January 1, 2021.
I.R.C. § 45(d)(9)(B) Credit Period —
In the case of a qualified facility described in
subparagraph (A), the 10-year period referred to in subsection (a) shall be treated as beginning
on the date the efficiency improvements or additions to capacity are placed in service.
I.R.C. § 45(d)(9)(C) Special Rule —
For purposes of subparagraph (A)(i), an efficiency improvement or addition to capacity shall be treated as placed in
service before January 1, 2018, if the construction of such improvement or addition
begins before such date.
I.R.C. § 45(d)(10) Indian Coal Production Facility —
The term “Indian coal production facility”
means a facility that produces Indian coal.
I.R.C. § 45(d)(11) Marine And Hydrokinetic Renewable Energy Facilities —
In the case of a facility producing electricity from marine and hydrokinetic renewable
energy, the term “qualified facility” means any facility owned by the
taxpayer—
I.R.C. § 45(d)(11)(A) —
which has a nameplate capacity rating of at least 150 kilowatts, and
I.R.C. § 45(d)(11)(B) —
which is originally placed in service on or after the date of the enactment of this
paragraph and the construction of which begins before January 1, 2021.
I.R.C. § 45(e) Definitions And Special Rules —
For purposes of this section—
I.R.C. § 45(e)(1) Only Production In The United States Taken Into Account —
Sales shall be taken into account under this section only with respect to electricity
the production of which is within—
I.R.C. § 45(e)(1)(A) —
the United States (within the meaning of section 638(1)), or
I.R.C. § 45(e)(1)(B) —
a possession of the United States (within the meaning of section 638(2)).
I.R.C. § 45(e)(2) Computation Of Inflation Adjustment Factor And Reference Price
I.R.C. § 45(e)(2)(A) In General —
The Secretary shall, not later than April 1 of each calendar year, determine and
publish in the Federal Register the inflation adjustment factor and the reference
price for such calendar year in accordance with this paragraph.
I.R.C. § 45(e)(2)(B) Inflation Adjustment Factor —
The term “inflation adjustment factor”
means, with respect to a calendar year, a fraction the numerator of which is the
GDP implicit price deflator for the preceding calendar year and the denominator of
which is the GDP implicit price deflator for the calendar year 1992. The term “GDP
implicit price deflator”
means the most recent revision of the implicit price deflator for the gross domestic
product as computed and published by the Department of Commerce before March 15 of
the calendar year.
I.R.C. § 45(e)(2)(C) Reference Price —
The term “reference price” means, with respect to a calendar year, the
Secretary's determination of the annual average contract price per kilowatt hour
of electricity generated from the same qualified energy resource and sold in the
previous year in the United States. For purposes of the preceding sentence, only
contracts entered into after December 31, 1989, shall be taken into account.
I.R.C. § 45(e)(3) Production Attributable To The Taxpayer —
In the case of a facility in which more than 1 person has an ownership interest,
except to the extent provided in regulations prescribed by the Secretary, production
from the facility shall be allocated among such persons in proportion to their respective
ownership interests in the gross sales from such facility.
I.R.C. § 45(e)(4) Related Persons —
Persons shall be treated as related to each other if such persons would be treated
as a single employer under the regulations prescribed under section 52(b).
In the case of a corporation which is a member of an affiliated group of corporations
filing a consolidated return, such corporation shall be treated as selling electricity
to an unrelated person if such electricity is sold to such a person by another member
of such group.
I.R.C. § 45(e)(5) Pass-Thru In The Case Of Estates And Trusts —
I.R.C. § 45(e)(6) [Repealed By Pub. L. 109-58, Sec. 1301(f)(3).]
I.R.C. § 45(e)(7) Credit Not To Apply To Electricity Sold To Utilities Under Certain Contracts —
I.R.C. § 45(e)(7)(A) In General —
The credit determined under subsection (a) shall not apply to electricity
I.R.C. § 45(e)(7)(A)(i) —
produced at a qualified facility described in subsection (d)(1) which is originally placed in service after June 30, 1999, and
I.R.C. § 45(e)(7)(A)(ii) —
sold to a utility pursuant to a contract originally entered into before January
1, 1987 (whether or not amended or restated after that date).
I.R.C. § 45(e)(7)(B) Exception —
Subparagraph (A) shall not apply if—
I.R.C. § 45(e)(7)(B)(i) —
the prices for energy and capacity from such facility are established pursuant to
an amendment to the contract referred to in subparagraph (A)(ii),
I.R.C. § 45(e)(7)(B)(ii) —
such amendment provides that the prices set forth in the contract which exceed avoided
cost prices determined at the time of delivery shall apply only to annual quantities
of electricity (prorated for partial years) which do not exceed the greater of—
I.R.C. § 45(e)(7)(B)(ii)(I) —
the average annual quantity of electricity sold to the utility under the contract
during calendar years 1994, 1995, 1996, 1997, and 1998, or
I.R.C. § 45(e)(7)(B)(ii)(II) —
the estimate of the annual electricity production set forth in the contract, or,
if there is no such estimate, the greatest annual quantity of electricity sold to
the utility under the contract in any of the calendar years 1996, 1997, or 1998,
and
I.R.C. § 45(e)(7)(B)(iii) —
such amendment provides that energy and capacity in excess of the limitation in
clause (ii) may be
I.R.C. § 45(e)(7)(B)(iii)(I) —
sold to the utility only at prices that do not exceed avoided cost prices determined
at the time of delivery, or
I.R.C. § 45(e)(7)(B)(iii)(II) —
sold to a third party subject to a mutually agreed upon advance notice to the utility.
For purposes of this subparagraph, avoided cost prices
shall be determined as provided for in 18 CFR 292.304(d)(1) or any
successor regulation.
I.R.C. § 45(e)(8) Refined Coal Production Facilities
I.R.C. § 45(e)(8)(A) Determination Of Credit Amount —
In the case of a producer of refined coal, the credit determined under this section
(without regard to this paragraph)
for any taxable year shall be increased by an amount equal to $4.375 per ton of
qualified refined coal—
I.R.C. § 45(e)(8)(A)(i) —
produced by the taxpayer at a refined coal production facility during the 10-year
period beginning on the date the facility was originally placed in service, and
I.R.C. § 45(e)(8)(A)(ii) —
sold by the taxpayer—
I.R.C. § 45(e)(8)(A)(ii)(I) —
to an unrelated person, and
I.R.C. § 45(e)(8)(A)(ii)(II) —
during such 10-year period and such taxable year.
I.R.C. § 45(e)(8)(B) Phaseout Of Credit —
The amount of the increase determined under subparagraph (A) shall be reduced by an amount which bears the same ratio to the amount of the increase
(determined without regard to this subparagraph) as—
I.R.C. § 45(e)(8)(B)(i) —
the amount by which the reference price of fuel used as a feedstock (within the
meaning of subsection (c)(7)(A)) for the calendar year in which the sale occurs exceeds an amount equal to 1.7 multiplied
by the reference price for such fuel in 2002, bears to
I.R.C. § 45(e)(8)(B)(ii) —
$8.75.
I.R.C. § 45(e)(8)(C) Application Of Rules —
Rules similar to the rules of the subsection (b)(3) and paragraphs (1) through (5) of this subsection shall apply for purposes of determining the amount of any increase
under this paragraph.
I.R.C. § 45(e)(8)(D) Special Rule For Steel Industry Fuel
I.R.C. § 45(e)(8)(D)(i) In General —
In the case of a taxpayer who produces steel industry fuel—
I.R.C. § 45(e)(8)(D)(i)(I) —
this paragraph shall be applied separately with respect to steel industry fuel and
other refined coal, and
I.R.C. § 45(e)(8)(D)(i)(II) —
in applying this paragraph to steel industry fuel, the modifications in clause (ii) shall apply.
I.R.C. § 45(e)(8)(D)(ii) Modifications
I.R.C. § 45(e)(8)(D)(ii)(I) Credit Amount —
Subparagraph (A) shall be applied by substituting ”$2 per barrel-of-oil equivalent”
for “$4.375 per ton”.
I.R.C. § 45(e)(8)(D)(ii)(II) Credit Period —
In lieu of the 10-year period referred to in clauses (i) and (ii)(II) of subparagraph (A), the credit period shall be the period beginning on the later of the date such facility
was originally placed in service, the date the modifications described in clause (iii) were placed in service, or October 1, 2008, and ending on the later of December 31,
2009, or the date which is 1 year after the date such facility or the modifications
described in clause (iii) were placed in service.
I.R.C. § 45(e)(8)(D)(iii) Modifications —
The modifications described in this clause are modifications to an existing facility
which allow such facility to produce steel industry fuel.
I.R.C. § 45(e)(8)(D)(iv) Barrel-Of-Oil Equivalent —
For purposes of this subparagraph, a barrel-of-oil equivalent is the amount of steel
industry fuel that has a Btu content of 5,800,000 Btus.
I.R.C. § 45(e)(9) Coordination With Credit For Producing Fuel From A Nonconventional Source
I.R.C. § 45(e)(9)(A) In General —
The term “qualified facility” shall not include any facility which produces
electricity from gas derived from the biodegradation of municipal solid waste if
such biodegradation occurred in a facility (within the meaning of section 45K) the production from which is allowed as a credit under section 45K for the taxable year or any prior taxable year.
I.R.C. § 45(e)(9)(B) Refined Coal Facilities
I.R.C. § 45(e)(9)(B)(i) In General —
The term “refined coal production facility”
shall not include any facility the production from which is allowed as a credit
under section 45K for the taxable year or any prior taxable year (or under section 29, as in effect on the day before the date of enactment of the Energy Tax Incentives
Act of 2005, for any prior taxable year).
I.R.C. § 45(e)(9)(B)(ii) Exception For Steel Industry Coal —
In the case of a facility producing steel industry fuel, clause (i) shall not apply to so much of the refined coal produced at such facility as is steel
industry fuel.
I.R.C. § 45(e)(10) Indian Coal Production Facilities
I.R.C. § 45(e)(10)(A) Determination Of Credit Amount —
In the case of a producer of Indian coal, the credit determined under this section
(without regard to this paragraph)
for any taxable year shall be increased by an amount equal to the
applicable dollar amount per ton of Indian coal—
I.R.C. § 45(e)(10)(A)(i) —
produced by the taxpayer at an Indian coal production facility during the 15-year
period beginning on January 1, 2006, and
I.R.C. § 45(e)(10)(A)(ii) —
sold by the taxpayer—
I.R.C. § 45(e)(10)(A)(ii)(I) —
to an unrelated person (either directly by the taxpayer or after sale or transfer
to one or more related persons), and
I.R.C. § 45(e)(10)(A)(ii)(II) —
during such 15-year period and such
taxable year.
I.R.C. § 45(e)(10)(B) Applicable Dollar Amount
I.R.C. § 45(e)(10)(B)(i) In General —
The term “applicable dollar amount” for any taxable year beginning in
a calendar year means—
I.R.C. § 45(e)(10)(B)(i)(I) —
$1.50 in the case of calendar years 2006 through 2009, and
I.R.C. § 45(e)(10)(B)(i)(II) —
$2.00 in the case of calendar years beginning after 2009.
I.R.C. § 45(e)(10)(B)(ii) Inflation Adjustment —
In the case of any calendar year after 2006, each of the dollar amounts under clause
(i) shall be equal to the product of such dollar amount and the inflation adjustment
factor determined under paragraph (2)(B) for the calendar year, except that such paragraph shall be applied by substituting
“2005”
for “1992”.
I.R.C. § 45(e)(10)(C) Application Of Rules —
Rules similar to the rules of the subsection (b)(3) and paragraphs (1), (3), (4), and (5) of this subsection shall apply for purposes of determining the amount of any increase
under this paragraph.
I.R.C. § 45(e)(11) Allocation Of Credit To Patrons Of Agricultural Cooperative
I.R.C. § 45(e)(11)(A) Election To Allocate
I.R.C. § 45(e)(11)(A)(i) In General —
In the case of an eligible cooperative organization, any portion of the credit determined
under subsection (a) for the taxable year may,
at the election of the organization, be apportioned among patrons of the organization
on the basis of the amount of business done by the patrons during the taxable year.
I.R.C. § 45(e)(11)(A)(ii) Form And Effect Of Election —
An election under clause (i) for any taxable year shall be made on a timely filed return for such year. Such
election, once made, shall be irrevocable for such taxable year. Such election shall
not take effect unless the organization designates the apportionment as such in
a written notice mailed to its patrons during the payment period described in section
1382(d).
I.R.C. § 45(e)(11)(B) Treatment Of Organizations And Patrons —
The amount of the credit apportioned to any patrons under subparagraph (A)—
I.R.C. § 45(e)(11)(B)(i) —
shall not be included in the amount determined under subsection (a) with
respect to the organization for the taxable year, and
I.R.C. § 45(e)(11)(B)(ii) —
shall be included in the amount determined under subsection (a) for the first taxable year of each patron ending on or after the last day of the
payment period (as defined in section 1382(d)) for the taxable year of the organization or, if earlier, for the taxable year
of each patron ending on or after the date on which the patron receives notice from
the cooperative of the apportionment.
I.R.C. § 45(e)(11)(C) Special Rules For Decrease In Credits For Taxable Year —
If the amount of the credit of a cooperative organization determined under subsection
(a) for a taxable year is less than the amount of such credit shown on the return of
the cooperative organization for such year, an amount equal to the excess of—
I.R.C. § 45(e)(11)(C)(i) —
such reduction, over
I.R.C. § 45(e)(11)(C)(ii) —
the amount not apportioned to such patrons under subparagraph (A) for the taxable year, shall be treated as an increase in tax imposed by this chapter
on the organization. Such increase shall not be treated as tax imposed by this
chapter for purposes of determining the amount of any credit under this chapter.
I.R.C. § 45(e)(11)(D) Eligible Cooperative Defined —
For purposes of this section the term ”eligible cooperative” means a
cooperative organization described in section 1381(a) which is owned more than 50 percent by agricultural producers or by entities owned
by agricultural producers. For this purpose an entity owned by an agricultural
producer is one that is more than 50 percent owned by agricultural producers.
(Added by Pub. L. 102-486, title XIX, Sec. 1914(a), Oct. 24, 1992, 106 Stat. 2776; amended by Pub. L. 106-170, title V, Sec. 507, Dec. 17, 1999, 113 Stat. 1860; Pub. L. 106-554, Sec. 319, Dec. 21, 2000, 114 Stat. 2763; Pub. L. 107-147, title VI, Sec. 603(a), Mar. 9, 2002, 116 Stat. 21; Pub. L. 108-311, title III, Sec. 313(a), Oct. 4, 2004, 118 Stat. 1166; Pub. L. 108-357, title VII, Sec. 710 Oct. 22, 2004, 118 Stat. 1418;
Pub. L. 109-58, title XIII, Sec. 1301, 1302, 1322(a), Aug. 8, 2005, 119 Stat. 594; Pub. L. 109-135, title IV, Sec. 402(b), 403(t), 412(j), Dec. 21, 2005, 119 Stat. 2577; Pub. L. 109-432, div. A, Sec. 201, Dec. 20, 2006; Pub. L. 110-172, Sec. 7(b), 9(a), Dec. 29, 2007, 121 Stat. 2473; Pub. L. 110-343, div. B, title I, Sec. 101, 102, 106, 108, Oct. 3, 2008, 122 Stat. 3765; Pub. L. 111-5, div. B, title I, Sec. 1101, Feb. 17, 2009, 123 Stat. 115; Pub. L. 111-312, Sec. 702(a), Dec. 17, 2010, 124 Stat. 3296; Pub. L. 112-240, title IV, Sec. 406, 407, Jan. 2, 2013, 126 Stat. 2313; Pub. L. 113-295, Div. A, title I, Sec. 154(a), 155(a), title II, Sec. 210(g)(1), Dec. 19, 2014, 128 Stat. 4010; Pub. L. 114-113, Div. P, title III, Sec. 301(a), 304(a), Div. Q, title I, Sec. 186, 187, Dec. 18,
2015; Pub. L. 115-123, Div. D, title I, Sec. 40408(a), 40409(a), Feb. 9, 2018, 132 Stat. 64; Pub. L. 115-141, Div. U, title IV, Sec. 401(a)(14)-(16), Mar. 23, 2018, 132 Stat. 348; Pub. L. 116-94, Div. Q, title I, Sec. 127(a),(c) 128(a), Dec. 20, 2019.)
BACKGROUND NOTES
AMENDMENTS
2019 — Subsec. (b)(5). Pub. L. 116-94, Div. Q, Sec. 127(c)(2)(A), amended par. (5) by striking “and” at the
end of subpar.
(B), and substituting “, and” for the period at the end of subparagraph
(C), and adding new subpar. (D).
Subsec. (d)(1). Pub. L. 116-94, Div. Q, Sec. 127(c)(1), amended par. (1) by substituting “January 1, 2021”
for “January 1, 2020”.
Subsec. (d)(2)(A). Pub. L. 116-94, Div. Q, Sec. 127(a), amended subpar. (A) by substituting “January 1, 2021”
for “January 1, 2018” each place it appeared.
Subsec. (d)(3)(A). Pub. L. 116-94, Div. Q, Sec. 127(a), amended subpar. (A) by substituting “January 1, 2021”
for “January 1, 2018” each place it appeared.
Subsec. (d)(4)(B). Pub. L. 116-94, Div. Q, Sec. 127(a), amended subpar. (B) by substituting “January 1, 2021”
for “January 1, 2018” each place it appeared.
Subsec. (d)(6). Pub. L. 116-94, Div. Q, Sec. 127(a), amended par. (6) by substituting “January 1, 2021”
for “January 1, 2018” each place it appeared.
Subsec. (d)(7). Pub. L. 116-94, Div. Q, Sec. 127(a), amended par. (7) by substituting “January 1, 2021”
for “January 1, 2018” each place it appeared.
Subsec. (d)(9). Pub. L. 116-94, Div. Q, Sec. 127(a), amended par. (9) by substituting “January 1, 2021”
for “January 1, 2018” each place it appeared.
Subsec. (d)(11)(B). Pub. L. 116-94, Div. Q, Sec. 127(a), amended subpar. (B) by substituting “January 1, 2021”
for “January 1, 2018” each place it appeared.
Subsec. (e)(10)(A). Pub. L. 116-94, Div. Q, Sec. 128(a), amended subpar. (A) by substituting “15-year period”
for “12-year period” each place it appeared.
2018 —
Subsec. (c)(6). Pub. L. 115-141, Sec. 401(a)(14), amended par. (6) by substituting ‘‘section 1004(27)’’ for
‘‘section 2(27)’’.
Subsec. (c)(7)(A)(i)(II). Pub. L. 115-141, Sec. 401(a)(15), amended subclause (II) by substituting ‘‘for the purpose’’
for ‘‘for purpose’’.
Subsec. (c)(7)(A)(i)(III). Pub. L. 115-141, Sec. 401(a)(16), amended subclause (III) by substituting ‘‘, or’’
for the period at the end.
Subsec. (d)(2)(A). Pub. L. 115-123, Sec. 40409(a)(1), amended subpar. (A) by substituting ‘‘January 1, 2018’’
for “January 1, 2017’’ each place it appeared.
Subsec. (d)(3)(A). Pub. L. 115-123, Sec. 40409(a)(2), amended subpar. (A) by substituting ‘‘January 1, 2018’’
for “January 1, 2017’’ each place it appeared.
Subsec. (d)(4)(B). Pub. L. 115-123, Sec. 40409(a)(3), amended subpar. (B) by substituting ‘‘January 1, 2018’’
for “January 1, 2017’’ each place it appeared.
Subsec. (d)(6). Pub. L. 115-123, Sec. 40409(a)(4), amended par. (6) by substituting ‘‘January 1, 2018’’
for “January 1, 2017’’ each place it appeared.
Subsec. (d)(7). Pub. L. 115-123, Sec. 40409(a)(5), amended par. (7) by substituting ‘‘January 1, 2018’’
for “January 1, 2017’’ each place it appeared.
Subsec. (d)(9). Pub. L. 115-123, Sec. 40409(a)(6), amended par. (9) by substituting ‘‘January 1, 2018’’
for “January 1, 2017’’ each place it appeared.
Subsec. (d)(11)(B). Pub. L. 115-123, Sec. 40409(a)(7), amended subpar. (B) by substituting ‘‘January 1, 2018’’
for “January 1, 2017’’ each place it appeared.
Subsec. (e)(10)(A). Pub. L. 115-123, Sec. 40408(a), amended subpar. (A) by substituting ‘‘12-year period’’
for “11-year period” each place it appeared.
2015 - Subsec. (b)(5). Pub. L. 114-113, Div. P, Sec. 301(a)(2), amended subsec. (b) by adding par. (5).
Subsec. (d)(2)(A). Pub. L. 114-113, Div. Q, Sec. 187(a)(1), amended subpar. (A)
by substituting “January 1, 2017” for “January 1, 2015” each
place it appeared.
Subsec. (d)(3)(A). Pub. L. 114-113, Div. Q, Sec. 187(a)(2), amended subpar. (A)
by substituting “January 1, 2017” for “January 1, 2015” each
place it appeared.
Subsec. (d)(4)(B). Pub. L. 114-113, Div. Q, Sec. 187(a)(3), amended subpar. (B)
by substituting “January 1, 2017” for “January 1, 2015” each
place it appeared.
Subsec. (d)(6). Pub. L. 114-113, Div. Q, Sec. 187(a)(4), amended par. (6) by substituting “January 1, 2017”
for “January 1, 2015”
each place it appeared.
Subsec. (d)(7). Pub. L. 114-113, Div. Q, Sec. 187(a)(5), amended par. (7) by substituting “January 1, 2017”
for “January 1, 2015”
each place it appeared.
Subsec. (d)(9). Pub. L. 114-113, Div. Q, Sec. 187(a)(6), amended par. (9) by substituting “January 1, 2017”
for “January 1, 2015”
each place it appeared.
Subsec. (d)(1). Pub. L. 114-113, Div. P, Sec. 301(a)(7), amended par. (1) by substituting “January 1, 2020”
for “January 1, 2015”.
Subsec. (d)(10). Pub. L. 114-113, Div. Q, Sec. 186(b), amended par. (10). Before amendment, it read as follows:
“(10) Indian Coal Production Facility.—In
the case of a facility that produces Indian coal, the term “Indian coal production
facility” means a facility which is placed in service before January 1, 2009.”
Subsec. (d)(11)(B). Pub. L. 114-113, Div. Q, Sec. 187(a)(7), amended subpar. (B)
by substituting “January 1, 2017” for “January 1, 2015” each
place it appeared.
Subsec. (e)(10)(A). Pub. L. 114-113, Div. Q, Sec. 186(a), amended subpar. (A) by substituting “11-year period”
for “9-year period”
each place it appeared.
Subsec. (e)(10)(A)(ii)(I). Pub. L. 114-113, Div. Q, Sec. 186(c), amended subclause (I) by inserting ‘‘(either directly
by the taxpayer or after sale or transfer to one or more related persons)’’.
Subsec. (e)(10)(D). Pub. L. 114-113, Div. Q, Sec. 186(d)(2), struck subpar. (D). Before being struck, it read as follows:
“(D) Treatment As Specified Credit.—The increase in the credit determined
under subsection (a) by reason of this paragraph with respect to any facility shall
be treated as a specified credit for purposes of section 38(c)(4)(A) during the
4-year period beginning on the later of January 1, 2006, or the date on which such
facility is placed in service by the taxpayer.”
2014 - Subsec. (b)(2). Pub. L. 113-295, Div. A, Sec. 210(g)(1), amended par. (2) by substituting “$2 amount”
for “$3 amount”.
Subsec. (d)(1). Pub. L. 113-295, Div. A, Sec. 155(a)(1), substituted “January 1, 2015” for “January
1, 2014” each place it appeared.
Subsec. (d)(2)(A). Pub. L. 113-295, Div. A, Sec. 155(a)(2), substituted “January 1, 2015” for “January
1, 2014” each place it appeared.
Subsec. (d)(3)(A). Pub. L. 113-295, Div. A, Sec. 155(a)(3), substituted “January 1, 2015” for “January
1, 2014” each place it appeared.
Subsec. (d)(4)(B). Pub. L. 113-295, Div. A, Sec. 155(a)(4), substituted “January 1, 2015” for “January
1, 2014” each place it appeared.
Subsec. (d)(6). Pub. L. 113-295, Div. A, Sec. 155(a)(5), substituted “January 1, 2015” for “January
1, 2014” each place it appeared.
Subsec. (d)(7). Pub. L. 113-295, Div. A, Sec. 155(a)(6), substituted “January 1, 2015” for “January
1, 2014” each place it appeared.
Subsec. (d)(9). Pub. L. 113-295, Div. A, Sec. 155(a)(7), substituted “January 1, 2015” for “January
1, 2014” each place it appeared.
Subsec. (d)(11)(B). Pub. L. 113-295, Div. A, Sec. 155(a)(8), substituted “January 1, 2015” for “January
1, 2014” each place it appeared.
Subsec. (e)(10)(A). Pub. L. 113-295, Div. A, Sec. 154(a), substituted “9-year period” for “8-year period”
each place it appeared.
2013 - Subsec. (c)(6). Pub. L. 112-240, Sec. 407(a)(2), amended par. (6) by inserting “, except that such term does not include paper
which is commonly recycled and which has been segregated from other solid waste (as
so defined)” after “(42 U.S.C. 6903)”.
Subsec. (d)(1). Pub. L. 112-240, Sec. 407(a)(1), amended par. (1) by substituting “January 1, 2014” for “January
1, 2013”.
Subsec. (d)(1). Pub. L. 112-240, Sec. 407(a)(3)(A)(i), amended par. (1) by substituting “the construction of which begins before
January 1, 2014” for “before January 1, 2014”.
Subsec. (d)(2)(A). Pub. L. 112-240, Sec. 407(a)(3)(B), amended subpar. (A) by inserting the flush sentence at the end.
Subsec. (d)(2)(A)(i). Pub. L. 112-240, Sec. 407(a)(3)(A)(ii), amended clause (i) by substituting “the construction of which begins before
January 1, 2014” for “before January 1, 2014”.
Subsec. (d)(3)(A)(i)(I). Pub. L. 112-240, Sec. 407(a)(3)(A)(iii), amended subclause (I) by substituting “the construction of which begins before
January 1, 2014” for “before January 1, 2014”.
Subsec. (d)(3)(A)(ii). Pub. L. 112-240, Sec. 407(a)(3)(C), amended clause (ii) by substituting “the construction of which begins”
for “is originally placed in service”.
Subsec. (d)(4). Pub. L. 112-240, Sec. 407(a)(3)(D), amended par. (4) by striking “and before January 1, 2014
(January 1, 2006, in the case of a facility using solar energy). Such term shall
not include any property described in section 48(a)(3)
the basis of which is taken into account by the taxpayer for purposes of determining
the energy credit under section 48.” and inserting “and which—(A)
in the case of a facility using solar energy, is placed in service before January
1, 2006, or (B) in the case of a facility using geothermal energy, the construction
of which begins before January 1, 2014. Such term shall not include any property
described in section 48(a)(3) the basis of which is taken into account by the taxpayer
for purposes of determining the energy credit under section 48.”
Subsec. (d)(6). Pub. L. 112-240, Sec. 407(a)(3)(A)(iv), amended par. (6) by substituting “the construction of which begins before
January 1, 2014” for “before January 1, 2014”.
Subsec. (d)(7). Pub. L. 112-240, Sec. 407(a)(3)(A)(v), amended par. (7) by substituting “the construction of which begins before
January 1, 2014” for “before January 1, 2014”.
Subsec. (d)(9)(B). Pub. L. 112-240, Sec. 407(a)(3)(A)(vi), amended subpar. (B) by substituting “the construction of which begins before
January 1, 2014” for “before January 1, 2014”.
Subsec. (d)(9). Pub. L. 112-240, Sec. 407(a)(3)(E), amended par. (9) by redesignating subpar. (A) and (B), as amended, as clauses (i)
and (ii), respectively; by striking “In the case of a facility” and inserting
“(A) IN GENERAL- In the case of a facility”; by redesignating subpar.
(C) as subpar. (B);
and by adding a new subpar. (C).
Subsec. (d)(11)(B). Pub. L. 112-240, Sec. 407(a)(3)(A)(vii), amended subpar. (B) by substituting “the construction of which begins before
January 1, 2014” for “before January 1, 2014”.
Subsec. (e)(10)(A). Pub. L. 112-240, Sec. 406(a), amended subpar. (A) by substituting “8-year period” for “7-year
period” each place it appeared.
2010 - Subsec. (d)(8)(B). Pub. L. 111-312, Sec. 702(a), amended subpar. (B) by substituting “January 1, 2012”
for “January 1, 2010”.
2009 - Subsec. (d)(1). Pub. L. 111-5, Div. B, Sec. 1101(a)(1), amended par. (1) by substituting “2013” for
“2010”.
Subsec. (d)(2). Pub. L. 111-5, Div. B, Sec. 1101(a)(2), amended par. (2)
by substituting “2014” for “2011” each place it appeared.
Subsec. (d)(3). Pub. L. 111-5, Div. B, Sec. 1101(a)(2), amended par. (3)
by substituting “2014” for “2011” each place it appeared.
Subsec. (d)(4). Pub. L. 111-5, Div. B, Sec. 1101(a)(2), amended par. (4)
by substituting “2014” for “2011” each place it appeared.
Subsec. (d)(5). Pub. L. 111-5, Div. B, Sec. 1101(b), amended par. (5)
by substituting “and before October 3, 2008” for “and before the
date of the enactment of paragraph (11)”.
Subsec. (d)(6). Pub. L. 111-5, Div. B, Sec. 1101(a)(2), amended par. (6)
by substituting “2014” for “2011” each place it appeared.
Subsec. (d)(7). Pub. L. 111-5, Div. B, Sec. 1101(a)(2), amended par. (7)
by substituting “2014” for “2011” each place it appeared.
Subsec. (d)(9). Pub. L. 111-5, Div. B, Sec. 1101(a)(2), amended par. (9)
by substituting “2014” for “2011” each place it appeared.
Subsec. (d)(11)(B). Pub. L. 111-5, Div. B, Sec. 1101(a)(3), amended subpar.
(B) by substituting “2014” for “2012”.
2008 - Subsec. (b)(2). Pub. L. 110-343, Div. B, Sec. 108(b)(2), amended par. (2) by inserting “the $3 amount in subsection
(e)(8)(D)(ii)(I),”
after “subsection (e)(8)(A),”.
Subsec. (b)(4)(A). Pub. L. 110-343, Div. B, Sec. 102(d), amended subpar.
(A) by substituting “or (9)” for “(9), or (11)”.
Subsec. (c)(1)(G)-(I). Pub. L. 110-343, Div. B, Sec. 102(a), amended par. (1) by striking “and” at the end of
subpar.
(G), by substituting “, and” for the period at the end of subpar. (H),
and by adding subpar. (I).
Subsec. (c)(7)(A). Pub. L. 110-343, Div. B, Sec. 108(a)(1), amended subpar.
(A). Before amendment, it read as follows:
“(A) In General- The term “refined coal"
means a fuel which--
“(i) is a liquid, gaseous, or solid fuel produced from coal (including lignite)
or high carbon fly ash, including such fuel used as a feedstock,
“(ii) is sold by the taxpayer with the reasonable expectation that it will
be used for purpose of producing steam,
“(iii) is certified by the taxpayer as resulting
(when used in the production of steam) in a qualified emission reduction, and
“(iv) is produced in such a manner as to result in an increase of at least
50 percent in the market value of the refined coal (excluding any increase caused
by materials combined or added during the production process), as compared to the
value of the feedstock coal.”
Subsec. (c)(7)(A)(i). Pub. L. 110-343, Div. B, Sec. 101(b)(1), amended clause
(i) by striking “and” at the end of subclause (II), by substituting period
for “, and” at the end of subclause
(III), and by striking subclause (IV). Before being struck, subclause
(IV) read as follows:
“(IV) is produced in such a manner as to result in an increase of at least
50 percent in the market value of the refined coal (excluding any increase caused
by materials combined or added during the production process), as compared to the
value of the feedstock coal, or”.
Subsec. (c)(7)(B). Pub. L. 110-343, Div. B, Sec. 101(b)(2), amended subpar.
(B) by inserting “at least 40 percent of the emissions of”
after “nitrogen oxide and”.
Subsec. (c)(7)(C). Pub. L. 110-343, Div. B, Sec. 108(a)(2), amended par.
(7) by adding subpar. (C).
Subsec. (c)(8)(C). Pub. L. 110-343, Div. B, Sec. 101(e), amended subpar.
(C). Before being amended it read as follows:
“(C) Nonhydroelectric Dam- For purposes of subparagraph (A), a facility is described
in this subparagraph if--
“(i) the facility is licensed by the Federal Energy Regulatory Commission and
meets all other applicable environmental, licensing, and regulatory requirements,
“(ii) the facility was placed in service before the date of the enactment of
this paragraph and did not produce hydroelectric power on the date of the enactment
of this paragraph, and
“(iii) turbines or other generating devices are to be added to the facility
after such date to produce hydroelectric power, but only if there is not any enlargement
of the diversion structure, or construction or enlargement of a bypass channel, or
the impoundment or any withholding of any additional water from the natural stream
channel.”
Subsec. (c)(10). Pub. L. 110-343, Div. B, Sec. 102(b), amended subsec.
(c) by adding par. (10).
Subsec. (d)(1). Pub. L. 110-343, Div. B, Sec. 106(c)(3)(B), amended par.
(1) by adding a sentence at the end.
Subsec. (d)(1). Pub. L. 110-343, Div. B, Sec. 101(a)(1), amended par.
(1) by substituting “January 1, 2010” for “January 1, 2009”.
Subsec. (d)(2)(A)(i). Pub. L. 110-343, Div. B, Sec. 101(a)(2)(A), amended clause
(i) by substituting “January 1, 2011” for “January 1, 2009”.
Subsec. (d)(2)(A)(ii). Pub. L. 110-343, Div. B, Sec. 101(a)(2)(A), amended clause (ii) by substituting “January 1,
2011”
for “January 1, 2009”.
Subsec. (d)(2)(B)-(C). Pub., L. 110-343, Div. B, Sec. 101(d)(2), amended par. (2)
by redesignating subpar. (B) as subpar.
(C) and by adding subpar. (B).
Subsec. (d)(3)(A)(i)(I). Pub. L. 110-343, Div. B, Sec. 101(a)(2)(B), amended subclause (I) by substituting “January
1, 2011”
for “January 1, 2009”.
Subsec. (d)(3)(A)(ii). Pub. L. 110-343, Div. B, Sec. 101(a)(2)(B), amended clause (ii) by substituting “January 1,
2011”
for “January 1, 2009”.
Subsec. (d)(3)(B)-(C). Pub. L. 110-343, Div. B, Sec. 101(d)(1), amended par. (3) by redesignating subpar. (B) as subpar.
(C) and by adding subpar. (B).
Subsec. (d)(4). Pub. L. 110-343, Div. B, Sec. 101(a)(2)(C), amended par.
(4) by substituting “January 1, 2011” for “January 1, 2009”.
Subsec. (d)(5). Pub. L. 110-343, Div. B, Sec. 101(a)(2)(D), amended par.
(5) by substituting “January 1, 2011” for “January 1, 2009”.
Subsec. (d)(5). Pub. L. 110-343, Div. B, Sec. 102(e), amended par. (5), as amended by Act. Sec. 101, by substituting
“the date of the enactment of paragraph (11)” for “January 1, 2012”.
Note that the amendment by Act. Sec. 101(a)(2)(D) substituted “January 1, 2011”
for “January 1, 2009”, not “January 1, 2012” in par. (5).
Subsec. (d)(6). Pub. L. 110-343, Div. B, Sec. 101(a)(2)(E), amended par.
(6) by substituting “January 1, 2011” for “January 1, 2009”.
Subsec. (d)(7). Pub. L. 110-343, Div. B, Sec. 101(a)(2)(F), amended par.
(7) by substituting “January 1, 2011” for “January 1, 2009”.
Subsec. (d)(7). Pub. L. 110-343, Div. B, Sec. 101(c)(1), (2), amended par. (7) by substituting “facility (other
than a facility described in paragraph (6)) which uses” for “facility
which burns”
and by striking “Combustion” in the heading.
Subsec. (d)(8). Pub. L. 110-343, Div. B, Sec. 101(a)(1), amended par.
(8) by substituting “January 1, 2010” for “January 1, 2009”.
Subsec. (d)(8). Pub. L. 110-343, Div. B, Sec. 108(c), amended par. (8). Before amendment, it read as follows:
“(8) Refined Coal Production Facility- In the case of a facility that produces
refined coal, the term “refined coal production facility” means a facility
which is placed in service after the date of the enactment of this paragraph and before
January 1, 2010.”
Subsec.
(d)(9)(A) and (B). Pub. L. 110-343, Div. B, Sec. 101(a)(2)(G), amended subpar. (A) and (B) by substituting “January
1, 2011” for “January 1, 2009”.
Subsec. (d)(11). Pub. L. 110-343, Div. B, Sec. 102(c), amended subsec.
(d) by adding par. (11).
Subsec. (e)(8)(D). Pub. L. 110-343, Div. B, Sec. 108(b)(1), amended par.
(8) by adding subpar. (D).
Subsec. (e)(9)(B). Pub. L. 110-343, Div. B, Sec. 108(d)(1), amended subpar.
(B). Before amendment it read as follows:
“(B) Refined Coal Facilities- The term “refined coal production facility”
shall not include any facility the production from which is allowed as a credit under
section 45K for the taxable year or any prior taxable year (or under section 29, as
in effect on the day before the date of enactment of the Energy Tax Incentives Act
of 2005, for any prior taxable year).”
2007 — Subsec. (c)(3)(A)(ii). Pub. L. 110-172, Sec. 7(b)(1), amended clause (ii) by striking “which is segregated from other waste materials
and” after “lignin material”.
Subsec. (d)(2)(B). Pub. L. 110-172, Sec. 7(b)(2), amended subpar. (B) by adding “and” at the end of clause
(i), by striking clause (ii); and by redesignating clause (iii) as clause (ii). Before
being struck, clause (ii) read as follows:
“(ii) the amount of the credit determined under subsection (a) with respect
to the facility shall be an amount equal to the amount determined without regard to
this clause multiplied by the ratio of the thermal content of the closed-loop biomass
used in such facility to the thermal content of all fuels used in such facility,
and”.
Subsec. (e)(7)(A)(i). Pub. L. 110-172, Sec. 9(a), amended clause (i) by substituting “originally placed in service”
for “placed in service by the taxpayer”.
2006 - Subsec. (d). Pub. L. 109-432, Sec. 201, amended subsec. (d) by substituting “January 1, 2009” for “January
1, 2008”.
2005 - Subsec. (c)(3)(A)(ii). Pub. L. 109-135, Sec. 402(b), amended clause (ii) by substituting “lignin material” for “nonharzardous
lignin waste material”.
Subsec. (c)(7)(A)(i). Pub. L. 109-135, Sec. 403(t), amended clause (i) by striking “synthetic”.
Subsec. (d)(8). Pub. L. 109-135, Sec. 412(j)(1), amended par. (8) by substituting “In the case of a facility that produces
refined coal, the term” for “The term”.
Subsec. (d)(10). Pub. L. 109-135, Sec. 412(j)(2), amended par. (10) by substituting “In the case of a facility that produces
Indian coal, the term” for “The term”.
Subsec. (b)(4)(A). Pub. L. 109-58, Sec. 1301(c)(2), amended subpar. (A) by substituting “(7), or (9)” for “or (7)”.
Subsec. (b)(4)(B)(i). Pub. L. 109-58, Sec. 1301(b)(1), amended clause (i) by inserting “or clause (iii)” after “clause
(ii)”.
Subsec. (b)(4)(B)(ii). Pub. L. 109-58, Sec. 1301(f)(1), amended clause (ii) by substituting “January 1, 2005,” for “the
date of the enactment of this Act”.
Subsec. (b)(4)(B)(iii). Pub. L. 109-58, Sec. 1301(b)(2), added clause (iii).
Subsec. (c). Pub. L. 109-58, Sec. 1301(d)(4), amended the heading for subsec. (c) by substituting “Resources” for
“Qualified Energy Resources and Refined Coal”.
Subsec. (c)(1)(F)-(H). Pub. L. 109-58, Sec. 1301(c)(1), amended par. (1) by striking “and” at the end of subpar. (F); by substituting
“, and” for the period at the end of subpar. (G); and by adding subpar.
(H).
Subsec. (c)(3)(A)(ii). Pub. L. 109-58, Sec. 1301(f)(2), amended clause (ii) by inserting “or any nonhazardous lignin waste material”
after “cellulosic waste material”.
Subsec. (c)(8). Pub. L. 109-58, Sec. 1301(c)(3), added par. (8).
Subsec. (c)(9). Pub. L. 109-58, Sec. 1301(d)(2), added par. (9).
Subsec. (d)(1)-(3), (5)-(7). Pub. L. 109-58, Sec. 1301(a)(1), amended par. (1), (2), (3), (5), (6), (7) by substituting “January 1, 2008”
for “January 1, 2006”.
Subsec. (d)(4). Pub. L. 109-58, Sec. 1301(a)(2), amended par. (4) by substituting “January 1, 2008 (January 1, 2006, in the
case of a facility using solar energy)”.
Subsec. (d)(7). Pub. L. 109-58, Sec. 1301(e), amended par. (7) by adding the sentence at the end.
Subsec. (d)(9). Pub. L. 109-58, Sec. 1301(c)(4), added par. (9).
Subsec. (d)(10). Pub. L. 109-58, Sec. 1301(d)(3), added par. (10).
Subsec. (e)(6). Pub. L. 109-58, Sec. 1301(f)(3), struck par. (6). Before being struck, it read as follows:
“(6) CREDIT ELIGIBILITY IN THE CASE OF GOVERNMENT-OWNED FACILITIES USING POULTRY
WASTE.--
“In the case of a facility using poultry waste
to produce electricity and owned by a governmental unit, the person eligible for
the credit under subsection (a) is the lessee or the operator of such facility.”
Subsec. (e)(8)(C). Pub. L. 109-58, Sec. 1301(f)(3), amended subpar. (C) by striking “and (9)” after “(5)”.
Subsec. (e)(9). Pub. L. 109-58, Sec. 1301(f)(4)(A), amended par. (9). Before amendment, it read as follows:
“(9) COORDINATION WITH CREDIT FOR PRODUCING FUEL FROM A NONCONVENTIONAL SOURCE-
“The term “qualified facility” shall not include any facility the
production from which is allowed as a credit under section 29 for the taxable
year or any prior taxable year.”
Subsec. (e)(9). Pub. L. 109-58, Sec. 1322(a)(3)(C), amended par. (9) by substituting “section 45K” for “section 29”
each place it appeared and by inserting “(or under section 29, as in effect
on the day before the date of the enactment of the Energy Tax Incentives Act of 2005,
for any prior taxable year)” before the period at the end.
Subsec. (e)(10). Pub. L. 109-58, Sec. 1301(d)(1), added par. (10).
Subsec. (e)(11). Pub. L.109-58, Sec. 1302(a), added par. (11).
2004 - Sec. 45. Pub. L. 108-357, Sec. 710(b)(3)(B), amended the heading of Sec. 45 by adding “, ETC.” at the end.
Subsec. (b)(2). Pub. L. 108-357, Sec. 710(b)(3)(C), amended par. (2) by substituting “The 1.5 cent amount in subsection
(a), the 8 cent amount in paragraph (1), the $4.375 amount in subsection
(e)(8)(A), and in subsection (e)(8)(B)(i) the reference price of fuel used as a feedstock
(within the meaning of subsection (c)(7)(A)) in 2002” for “The 1.5 cent
amount in subsection (a) and the 8 cent amount in paragraph (1)”.
Subsec. (b)(3). Pub. L. 108-357, Sec. 710(f), amended par. (3) by inserting “the lesser of 1/2 or” before “a
fraction"
in the matter preceding subpar. (A) and by adding the sentence at the end.
Subsec. (b)(4). Pub. L. 108-357, Sec. 710(c), added par. (4).
Subsec. (c). Pub. L. 108-357, Sec. 710(a), amended subsec. (c). Prior to amendment it read as follows:
“(c) DEFINITIONS.
“For purposes of this section --
“(1) QUALIFIED ENERGY RESOURCES.
The term “qualified energy resources” means --
“(A) wind,
“(B) closed-loop biomass, and
“(C) poultry waste.
“(2) CLOSED-LOOP BIOMASS.
“The term “closed-loop biomass” means any organic material from
a plant which is planted exclusively for purposes of being used at a qualified facility
to produce electricity.
“(3) QUALIFIED FACILITY.--
“(A) WIND FACILITY.--
“In the case of a facility using wind to produce electricity, the term ‘qualified
facility’ means any facility owned by the taxpayer which is originally placed
in service after December 31, 1993, and before January 1, 2006.
“(B) CLOSED-LOOP BIOMASS FACILITY.--
“In the case of a facility using closed-loop biomass to produce electricity,
the term ‘qualified facility’ means any facility owned by the taxpayer
which is originally placed in service after December 31, 1992, and before January
1, 2006.
“(C) POULTRY WASTE FACILITY.--
“In the case of a facility using poultry waste to produce electricity, the term
‘qualified facility’ means any facility of the taxpayer which is originally
placed in service after December 31, 1999, and before January 1, 2006.
“(4) POULTRY WASTE.--
“The term ‘poultry waste’ means poultry manure and litter, including
wood shavings, straw, rice hulls, and other bedding material for the disposition
of manure.”
Subsec. (d)-(e). Pub. L. 108-357, Sec. 710(b)(1), redesignated subsec. (d) as subsec. (e) and added subsec. (d).
Subsec. (e)(7)(A)(i). Pub. L. 108-357, Sec. 710(b)(3), amended clause (i), by substituting “subsection (d)(1)” for “subsection
(c)(3)(A)”.
Subsec. (e)(8). Pub. L. 108-357, Sec. 710(b)(2), amended subsec. (e) by adding par. (8).
Subsec. (e)(9). Pub. L. 108-357, Sec. 710(d), amended subsec. (e) by adding par. (9).
Subsec. (c)(3). Pub. L. 108-311, Sec. 313(a), amended subpars. (A), (B), and (C) by substituting “January 1, 2006"
for “January 1, 2004”.
2002 - Subsec. (c)(3). Pub. L. 107-147, Sec. 603(a), amended subpars. (A), (B), and (C) by substituting “2004” for “2002”.
2000 - Subsec. (d)(7)(A)(i). Pub. L. 106-554, Sec. 319(1), amended clause (i) by substituting “subsection (c)(3)(A)” for “paragraph
(3)(A)”.
1999 - Subsec. (c)(1). Pub. L. 106-170, Sec. 507(b)(1), amended par. (1) by striking “and” at end the end of subpar. (A), by
substituting “, and” for the period at the end, and by adding subpar.
(C).
Subsec. (c)(3). Pub. L. 106-170, Sec. 507(a), amended par. (3). Before amendment, it read as follows:
“(3) QUALIFIED FACILITY.
The term “qualified facility” means any facility owned by the taxpayer
which is originally placed in service after December 31, 1993 (December 31, 1992,
in the case of a facility using closed-loop biomass to produce electricity), and before
July 1, 1999.
Subsec. (c)(4) Pub. L. 106-170, Sec. 507(b)(2), added par. (4).
Subsec. (d). Pub. L. 106-170, Sec. 507(c), added par. (6) and (7).
EFFECTIVE DATE OF 2019 AMENDMENTS
Amendments by Pub. L. 116-94, Div. Q, Sec. 127(a), (c), effective January 1, 2018.
Amendments by Pub. L. 116-94, Div. Q, 128(a), effective for coal produced after December 31, 2017.
EFFECTIVE DATE OF 2018 AMENDMENTS
Amendments by Pub. L. 115-141, Sec. 401(a)(14)-(16), effective March 23, 2018.
Amendment by Pub. L. 115-123, Sec. 40408(a), effective for coal produced after December 31, 2016.
Amendments by Pub. L. 115-123, Sec. 40409(a), effective on January 1, 2017.
EFFECTIVE DATE OF 2015 AMENDMENTS
Amendments by Pub. L. 114-113, Div. P, Sec. 301(a), effective January 1, 2015.
Amendment by Pub. L. 114-113, Div. Q, Sec. 186(a), effective for coal produced after December 31, 2014.
Amendments by Pub. L. 114-113, Div. Q, Sec. 186(b) and (c), effective for coal produced and sold after December
31, 2015, in taxable years ending after such date.
Amendments by Pub. L. 114-113, Div. Q, Sec. 186(d), effective for credits determined for taxable years beginning
after December 31, 2015.
Amendments by Pub. L. 114-113, Div. Q, Sec. 187(a), effective January 1, 2015.
EFFECTIVE DATE OF 2014 AMENDMENTS
Amendments by Pub. L. 113-295, Div. A, Sec. 154(a), effective for coal produced after December 31, 2013.
Amendments by Pub. L. 113-295, Div. A, Sec. 155(a), effective January 1, 2014.
Amendment by Pub. L. 113-295, Div. A, Sec. 210(g)(1), effective as if included in the provisions of the Energy
Improvement and Extension Act of 2008 [Pub. L. 110-343, Sec. 108] to which they relate [Effective for fuel produced and sold after September 30, 2008].
EFFECTIVE DATE OF 2013 AMENDMENTS
Amendments by Sec. 406(a), of Pub. L. 112-240 effective for coal produced after December 31, 2012.
Amendments by Sec. 407(a), other than (a)(2), of Pub. L. 112-240 effective on the date of the enactment of this Act [Enacted: Jan. 2, 2013].
Amendment by Sec. 407(a)(2) of Pub. L. 112-240 effective for electricity produced and sold after the date of the enactment of this
Act [Enacted:
Jan. 2, 2013], in taxable years ending after such date.
EFFECTIVE DATE OF 2010 AMENDMENTS
Amendment by Sec. 702(a) of Pub. L. 111-312 effective for facilities placed in service after December 31, 2009.
EFFECTIVE DATE OF 2009 AMENDMENTS
Amendments by Div. B, Sec. 1101(a) of Pub. L. 111-5 effective for property placed in service after the date of the enactment of this
Act [Enacted: Feb. 17, 2009].
Amendment by Div. B, Sec. 1101(b) of Pub. L. 111-5 effective as if included in section 102 of the Energy Improvement and Extension Act
of 2008.
EFFECTIVE DATE OF 2008 AMENDMENTS
Amendments by Div. B, Sec. 101(a) and (e) of Pub. L. 110-343 effective for property originally placed in service after December 31, 2008.
Amendments by Div. B, Sec. 101(b) of Pub. L. 110-343 effective for coal produced and sold from facilities placed in service after December
31, 2008.
Amendments by Div. B, Sec. 101(c) of Pub. L. 110-343 effective for electricity produced and sold after the date of the enactment of this
Act [Enacted:
Oct. 3, 2008].
Amendments by Div. B, Sec. 101(d) of Pub. L. 110-343 effective for property placed in service after the date of the enactment of this
Act [Enacted:
Oct. 3, 2008].
Amendments by Div. B, Sec. 102 of Pub. L. 110-343 effective for electricity produced and sold after the date of the enactment of this
Act [Enacted:
Oct. 3, 2008], in taxable years ending after such date.
Amendments by Div. B, Sec. 106 of Pub. L. 110-343 effective for taxable years beginning after December 31, 2007.
Amendments by Div. B, Sec. 108 of Pub. L. 110-343 effective for fuel produced and sold after September 30, 2008.
EFFECTIVE DATE OF 2007 AMENDMENTS
Amendments by Sec. 7(b) of Pub. L. 110-172 effective as if included in the provisions of the American Jobs Creation Act of 2004
[Pub. L. 108-357, Sec. 710]
to which they relates.
Amendment by Sec. 9(a) of Pub. L. 110-172 effective as if included in the provisions of the Tax Relief Extension Act of 1999
[Pub. L. 106-170, Sec. 507]
to which it relates.
EFFECTIVE DATE OF 2006 AMENDMENTS
Amendments by Sec. 201 of Pub. L. 109-432 effective on the date of the enactment of this Act [Enacted: Dec. 20, 2006].
EFFECTIVE DATE OF 2005 AMENDMENTS
Amendment by Sec. 402(b) of Pub. L. 109-135 effective as if included in the provisions of the Energy Policy Act of 2005
[Pub. L. 109-58, Sec. 1301]
to which it relates.
Amendment by Sec. 403(t) of Pub. L. 109-135 effective as if included in the American Jobs Creation Act of 2004 [Pub. L. 108-357, Sec. 710] to which it relates.
Amendments by Sec. 412(j) of Pub. L. 109-135 effective on the date of the enactment of this Act [Enacted: Dec. 21, 2005].
Amendments by Sec. 1301 of Pub. L. 109-58 effective on the date of the enactment of this Act [Enacted: Aug. 8, 2005], except
that amendments made by subsections (e) and (f) of Sec. 1301 are effective as if included
in the amendments made by section 710 of the American Jobs Creation Act of 2004 [Pub. L. 108-357].
Amendment by Sec. 1302(a) of Pub. L. 109-58 effective for taxable years of cooperative organizations ending after the date of
the enactment of this Act [Enacted: Aug. 8, 2005].
Amendment by Sec. 1322(a)(3) of Pub. L. 109-58 effective for credits determined under the Internal Revenue Code of 1986 for taxable years ending after December 31, 2005.
EFFECTIVE DATE OF 2004 AMENDMENTS
Section 710(g) of Pub. L. 108-357, as amended by Pub. L. 109-58, Sec. 1301(f)(6), provided that:
“(g) EFFECTIVE DATES-
“(1) IN GENERAL- Except as otherwise provided in this subsection, the amendments
made by this section shall apply to electricity produced and sold after the date of
the enactment of this Act [Enacted: Oct. 22, 2004], in taxable years ending after
such date.
“(2) CERTAIN BIOMASS FACILITIES- With respect to any facility described in section 45(d)(3)(A)(ii) of the Internal Revenue Code of 1986, as added by subsection (b)(1), which is placed in service before the date
of the enactment of this Act, the amendments made by this section shall apply to electricity
produced and sold after December 31, 2004, in taxable years ending after such
date.
“(3) CREDIT RATE AND PERIOD FOR NEW FACILITIES-
The amendments made by subsection (c) shall apply to electricity produced and sold
after December 31, 2004, in taxable years ending after such date.
“(4) NONAPPLICATION OF AMENDMENTS TO PRE-EFFECTIVE DATE POULTRY WASTE FACILITIES-
The amendments made by this section shall not apply with respect to any poultry
waste facility (within the meaning of section 45(c)(3)(C), as in effect on the day
before the date of the enactment of this Act [Enacted: Oct. 22, 2004]) placed in
service before January 1, 2005.
“(5) REFINED COAL PRODUCTION FACILITIES- Section 45(e)(8) of the Internal Revenue Code of 1986, as added by this section, shall apply to refined coal produced and sold
after the date of the enactment of this Act [Enacted: Oct. 22, 2004].”
Amendments by Sec. 313(a) of Pub. L. 108-311 effective for facilities placed in service after December 31, 2003.
EFFECTIVE DATE OF 2002 AMENDMENTS
Amendments by Sec. 603(a) of Pub. L. 107-147 effective for facilities placed in service after December 31, 2001.
EFFECTIVE DATE OF 2000 AMENDMENTS
Amendment by Sec. 319(l) of Pub. L. 106-554 effective on the date of enactment of this Act.
EFFECTIVE DATE OF 1999 AMENDMENTS
Amendments by Sec. 507 of Pub. L. 106-170 effective on the date of enactment of this Act [Enacted: Dec. 17, 1999].
EFFECTIVE DATE
Applicable to tax years ending after December 31, 1992.
PRIOR SECTION
A prior section 45 was redesignated as section 35 by Pub. L. 98-369, Sec. 471(c)(1).
