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mission property unless such taxpayer is al-
lowed a credit under this section with respect to 
the qualifying electric transmission line to 
which such related transmission property re-
lates. 
‘‘(c) APPLICATION
TO
REPLACEMENT
AND
UP-
GRADED SYSTEMS.— 
‘‘(1) IN GENERAL.—In the case of any quali-
fying electric transmission line (determined without 
regard to this subsection) which replaces any exist-
ing electric transmission line— 
‘‘(A) the 500 megawatts referred to in sub-
section (b)(2)(A)(ii) shall be increased by the 
transmission capacity of such existing electric 
transmission line, and 
‘‘(B) in no event shall the basis of such ex-
isting electric transmission line (or related 
transmission property with respect to such ex-
isting electric transmission line) be taken into 
account in determining the credit allowed under 
this section. 
‘‘(2) 
UPGRADES
TREATED
AS
REPLACE-
MENTS.—For purposes of this subsection, any up-
grade of an existing electric transmission line shall 
be treated as a replacement of such line. 
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‘‘(d) EXCEPTION
FOR CERTAIN PROPERTY
AND 
PROJECTS ALREADY IN PROCESS.— 
‘‘(1) IN GENERAL.—No credit shall be allowed 
under this section with respect to— 
‘‘(A) any property that is selected for cost 
allocation in a regional transmission plan ap-
proved by a transmission planning region that 
was approved by the Federal Energy Regu-
latory Commission prior to January 1, 2022, or 
‘‘(B) any property if— 
‘‘(i) construction of such property be-
gins before January 1, 2022, or 
‘‘(ii) construction of any portion of 
the qualifying electric transmission line to 
which such property relates begins before 
such date. 
‘‘(2) WHEN CONSTRUCTION BEGINS.—For pur-
poses of subparagraph (B) of paragraph (1), con-
struction of property begins when the taxpayer has 
begun on-site physical work of a significant nature 
with respect to such property. 
‘‘(e) CERTAIN QUALIFIED PROGRESS EXPENDITURES 
RULES MADE APPLICABLE.—Rules similar to the rules of 
subsections (c)(4) and (d) of section 46 (as in effect on 
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the day before the enactment of the Revenue Reconcili-
ation Act of 1990) shall apply for purposes of this section. 
‘‘(f) CREDIT ADJUSTMENTS; WAGE AND APPREN-
TICESHIP REQUIREMENTS.— 
‘‘(1) INCREASED CREDIT AMOUNT FOR APPLI-
CABLE FACILITIES.— 
‘‘(A) IN GENERAL.— 
‘‘(i) RULE.—In the case of any appli-
cable facility which satisfies the require-
ments of subparagraph (B), the amount of 
the credit determined under subsection (a) 
shall be such amount multiplied by 5 (de-
termined without regard to this sentence). 
‘‘(ii) 
APPLICABLE
FACILITY
DE-
FINED.—For purposes of this subsection, 
the term ‘applicable facility’ means a quali-
fying electric transmission line and related 
transmission property to which such quali-
fying electric transmission line relates. 
‘‘(B) APPLICABLE
FACILITY
REQUIRE-
MENTS.—An applicable facility meets the re-
quirements of this subparagraph if it is one of 
the following: 
‘‘(i) An applicable facility the con-
struction of which begins prior to the date 
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that is 60 days after the Secretary pub-
lishes guidance with respect to the require-
ments of paragraphs (2) and (3). 
‘‘(ii) An applicable facility which satis-
fies the requirements of paragraphs (2) 
and (3). 
‘‘(2) PREVAILING
WAGE
REQUIREMENTS.— 
Rules similar to the rules of section 48(a)(10) shall 
apply. 
‘‘(3) APPRENTICESHIP REQUIREMENTS.—Rules 
similar to the rules of section 45(b)(8) shall apply. 
‘‘(4) DOMESTIC
CONTENT
BONUS
CREDIT 
AMOUNT.—Rules similar to the rules of section 
48(a)(12) shall apply. 
‘‘(5) PHASEOUT
FOR
ELECTIVE
PAYMENT.— 
Rules similar to the rules of section 48(a)(13) shall 
apply. 
‘‘(g) TERMINATION.—This section shall not apply to 
any qualifying electric transmission property unless such 
property is placed in service before January 1, 2032. 
‘‘(h) REGULATIONS AND GUIDANCE.—The Secretary 
shall issue such regulations or other guidance as the Sec-
retary determines necessary or appropriate to carry out 
the purposes of this subsection, including regulations or 
other guidance which provides for requirements for record-
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keeping or information reporting for purposes of estab-
lishing the requirements of this subsection.’’. 
(b) ELECTIVE
PAYMENT
OF
CREDIT.—Section 
6417(b), as amended by the preceding provisions of this 
Act, is amended by adding at the end the following new 
paragraph: 
‘‘(6) The qualifying electric transmission prop-
erty credit determined under section 48D.’’. 
(c) SPECIAL RULE FOR PROPERTY FINANCED BY 
TAX-EXEMPT BONDS.—Section 48D, as added by sub-
section (a), is amended by redesignating subsection (h) as 
subsection (i) and by inserting after subsection (g) the fol-
lowing new subsection: 
‘‘(h) SPECIAL RULE FOR PROPERTY FINANCED BY 
TAX-EXEMPT BONDS.—Rules similar to the rules of sec-
tion 45(b)(3) shall apply.’’. 
(d) CONFORMING AMENDMENTS.— 
(1) Section 46 is amended— 
(A) by striking ‘‘and’’ at the end of para-
graph (5), 
(B) by striking the period at the end of 
paragraph (6) and inserting ‘‘, and’’, and 
(C) by adding at the end the following new 
paragraph: 
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‘‘(7) the qualifying electric transmission prop-
erty credit.’’. 
(2) Section 49(a)(1)(C) is amended— 
(A) by striking ‘‘and’’ at the end of clause 
(vii), 
(B) by striking the period at the end of 
clause (viii) and inserting ‘‘, and’’, and 
(C) by adding at the end the following new 
clause: 
‘‘(ix) the basis of any qualifying elec-
tric transmission property under section 
48D.’’. 
(3) Section 50(a)(2)(E) is amended by striking 
‘‘or 48C(b)(2)’’ and inserting ‘‘48C(b)(2), or 
48D(e)’’. 
(4) The table of sections for subpart E of part 
IV of subchapter A of chapter 1 of such Code is 
amended by inserting after the item relating to sec-
tion 48C the following new item: 
‘‘Sec. 48D. Qualifying electric transmission property.’’. 
(e) EFFECTIVE DATE.— 
(1) IN GENERAL.—The amendments made by 
subsections (a), (b), and (d) of this section shall 
apply to property placed in service after December 
31, 2021. 
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(2) TAX-EXEMPT
BONDS.—The amendment 
made by subsection (c) shall apply to property the 
construction of which begins after December 31, 
2021. 
(3) EXCEPTION FOR CERTAIN PROPERTY AND 
PROJECTS ALREADY IN PROCESS.—For exclusion of 
certain property and projects already in process, see 
section 48D(d) of the Internal Revenue Code of 
1986 (as added by this section). 
SEC. 136106. EXTENSION AND MODIFICATION OF CREDIT 
FOR CARBON OXIDE SEQUESTRATION. 
(a) MODIFICATION OF CARBON OXIDE CAPTURE RE-
QUIREMENTS.—Section 45Q(d) is amended to read as fol-
lows: 
‘‘(d) QUALIFIED FACILITY.— 
‘‘(1) IN GENERAL.—For purposes of this sec-
tion, the term ‘qualified facility’ means a facility 
which captures— 
‘‘(A) in the case of a direct air capture fa-
cility, not less than 1,000 metric tons of quali-
fied carbon oxide during the taxable year, 
‘‘(B) in the case of an electricity gener-
ating facility, not less than 18,750 metric tons 
of qualified carbon oxide during the taxable 
year and not less than 75 percent by mass of 
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the carbon oxide that would otherwise be re-
leased into the atmosphere by such facility dur-
ing such taxable year, and 
‘‘(C) in the case of any other facility, not 
less than 12,500 metric tons of qualified carbon 
oxide during the taxable year. 
‘‘(2) TERMINATION RULE.—The term ‘qualified 
facility’ means any industrial facility or direct air 
capture facility— 
‘‘(A) the construction of which begins be-
fore January 1, 2032, and 
‘‘(B) either— 
‘‘(i) the construction of carbon cap-
ture equipment of which begins before such 
date, or 
‘‘(ii) the original planning and design 
of which includes installation of carbon 
capture equipment.’’. 
(b) DETERMINATION
OF
APPLICABLE
DOLLAR 
AMOUNT.— 
(1) IN GENERAL.—Section 45Q(b)(1) is amend-
ed by striking subparagraph (B) and by inserting 
after subparagraph (A) the following new subpara-
graphs: 
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‘‘(B) SPECIAL RULE FOR DIRECT AIR CAP-
TURE
FACILITIES.—For any qualified facility 
described in subsection (d)(1)(A), the construc-
tion of which begins after December 31, 2021, 
the applicable dollar amount shall be an amount 
equal to the applicable dollar amount otherwise 
determined with respect to such facility under 
subparagraph (A), except that such subpara-
graph shall be applied— 
‘‘(i) in clause (i)(I) of such subpara-
graph, by substituting ‘$36’ for ‘$17’, and 
‘‘(ii) in clause (i)(II) of such subpara-
graph, by substituting ‘$26’ for ‘$12’. 
‘‘(C) APPLICABLE
DOLLAR
AMOUNT
FOR 
ADDITIONAL CARBON CAPTURE EQUIPMENT.— 
In the case of any qualified facility the con-
struction of which begins before January 1, 
2022, if any additional carbon capture equip-
ment is installed at such facility and construc-
tion of such equipment began after December 
31, 2021, the applicable dollar amount shall be 
an amount equal to the applicable dollar 
amount otherwise determined under subpara-
graph (A), except that such subparagraph shall 
be applied by substituting ‘carbon capture 
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equipment’ for ‘qualified facility’ each place it 
appears.’’. 
(2) CONFORMING AMENDMENTS.— 
(A) Section 45Q(b)(1)(A) is amended by 
striking ‘‘The applicable dollar amount’’ and in-
serting ‘‘Except as provided in subparagraph 
(B), the applicable dollar amount’’. 
(B) Section 45Q(b)(1)(D), as redesignated 
by subparagraph (A), is amended by striking 
‘‘subparagraph (A)’’ and inserting ‘‘subpara-
graph (A), (B), or (C)’’. 
(C) Section 45Q(b)(2) is amended by in-
serting ‘‘Subject to paragraph (3)’’ before ‘‘in 
the case’’. 
(c) WAGE AND APPRENTICESHIP REQUIREMENTS.— 
Section 45Q is amended by redesignating subsection (h) 
as subsection (i) and inserting after subsection (g) fol-
lowing new subsection: 
‘‘(h) INCREASED CREDIT AMOUNT FOR QUALIFIED 
FACILITIES AND CARBON CAPTURE EQUIPMENT.— 
‘‘(1) IN GENERAL.—In the case of any qualified 
facility and any carbon capture equipment which 
satisfy the requirements of paragraph (2), the 
amount of the credit determined under subsection 
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(a) shall be equal to such amount multiplied by 5 
(determined without regard to this sentence). 
‘‘(2) REQUIREMENTS.—The requirements de-
scribed in this subparagraph are that— 
‘‘(A) with respect to any qualified facility 
the construction of which begins on or after the 
date that is 60 days after the Secretary pub-
lishes guidance with respect to the requirements 
of paragraphs (3) and (4), as well as any car-
bon capture equipment placed in service at such 
facility— 
‘‘(i) subject to subparagraph (B) of 
paragraph (3), such facility and equipment 
satisfy the requirements under subpara-
graph (A) of such paragraph, and 
‘‘(ii) the construction of such facility 
and equipment satisfy the requirements 
under paragraph (4), 
‘‘(B) with respect to any carbon capture 
equipment the construction of which begins 
after the date that is 60 days after the Sec-
retary publishes guidance with respect to the 
requirements of paragraphs (3) and (4), and 
which is installed at a qualified facility the con-
struction of which began prior to such date— 
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‘‘(i) subject to subparagraph (B) of 
paragraph (3), such equipment satisfies 
the requirements of subparagraphs (A) of 
such paragraph, and 
‘‘(ii) the construction of such facility 
and equipment satisfy the requirements 
under paragraph (4), and 
‘‘(C) the construction of carbon capture 
equipment begins prior to the date that is 60 
days after the Secretary publishes guidance 
with respect to the requirements of paragraphs 
(3) and (4), and such equipment is installed at 
a qualified facility the construction of which be-
gins prior to such date. 
‘‘(3) PREVAILING WAGE REQUIREMENTS.— 
‘‘(A) IN GENERAL.—The requirements de-
scribed in this subparagraph with respect to 
any qualified facility and any carbon capture 
equipment placed in service at such facility are 
that the taxpayer shall ensure that any laborers 
and mechanics employed by contractors and 
subcontractors in— 
‘‘(i) in the case of— 
‘‘(I) any qualified facility de-
scribed in subparagraph (A)(i) of 
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paragraph (2), the construction of 
such facility and carbon capture 
equipment placed in service at such 
facility, or 
‘‘(II) any carbon capture equip-
ment 
described 
in 
subparagraph 
(A)(ii) of paragraph (2), the construc-
tion of such equipment, and 
‘‘(ii) for the period of the taxable year 
which is within the 12-year period begin-
ning on the date on which any carbon cap-
ture equipment is originally placed in serv-
ice at any qualified facility (as described in 
paragraphs (3)(A) and (4)(A) of sub-
section (a)), the alteration or repair of 
such facility or such equipment, 
shall be paid wages at rates not less than the 
prevailing rates for construction, alteration, or 
repair of a similar character in the locality as 
most recently determined by the Secretary of 
Labor, in accordance with subchapter IV of 
chapter 31 of title 40, United States Code. For 
purposes of determining an increased credit 
amount under paragraph (1) for a taxable year, 
the requirement under clause (ii) of this para-
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graph is applied to such taxable year in which 
the alteration or repair of qualified facility oc-
curs. 
‘‘(B) CORRECTION AND PENALTY RELATED 
TO
FAILURE
TO
SATISFY
WAGE
REQUIRE-
MENTS.—Rules similar to the rules of clauses 
(i) through (iv) of section 45(b)(7)(B) shall 
apply. 
‘‘(4) APPRENTICESHIP REQUIREMENTS.—Rules 
similar to the rules of section 45(b)(8) shall apply. 
‘‘(5) REGULATIONS AND GUIDANCE.—The Sec-
retary shall issue such regulations or other guidance 
as the Secretary determines necessary or appropriate 
to carry out the purposes of this subsection, includ-
ing regulations or other guidance which provides for 
requirements for recordkeeping or information re-
porting for purposes of establishing the requirements 
of this subsection.’’. 
(d) INCREASED APPLICABLE DOLLAR AMOUNT.— 
(1) IN GENERAL.—Section 45Q(b)(1) is amend-
ed— 
(A) by amending clause (i) of subpara-
graph (A) to read as follows: 
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‘‘(i) for any taxable year beginning in 
a calendar year after 2016 and before 
2027— 
‘‘(I) for purposes of paragraph 
(3) of subsection (a), $17 for each 
calendar year during such period, and 
‘‘(II) for purposes of paragraph 
(4) of such subsection, $12 for each 
calendar year during such period, 
and’’, and 
(B) in clause (ii)— 
(i) in subclause (I), by striking ‘‘$50’’ 
and inserting ‘‘the amount determined 
under clause (i)(I) with respect to the 
qualified facility’’, and 
(ii) in subclause (II), by striking 
‘‘$35’’ and inserting ‘‘the amount deter-
mined under clause (i)(II) with respect to 
the qualified facility’’. 
(e) INSTALLATION OF ADDITIONAL CARBON CAP-
TURE EQUIPMENT
ON CERTAIN FACILITIES.—Section 
45Q(b) is amended by redesignating paragraph (3) as 
paragraph (4) and by inserting after paragraph (2) the 
following new paragraph: 
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‘‘(3) INSTALLATION
OF
ADDITIONAL
CARBON 
CAPTURE EQUIPMENT ON CERTAIN FACILITIES.—In 
the case of a qualified facility described in para-
graph (1)(C), for purposes of determining the 
amount of qualified carbon oxide which is captured 
by the taxpayer, rules similar to rules of paragraph 
(2) shall apply for purposes of subsection (a).’’. 
(f) CREDIT REDUCED FOR TAX-EXEMPT BONDS.— 
Section 45Q(f) is amended by adding at the end the fol-
lowing new paragraph: 
‘‘(8) CREDIT
REDUCED
FOR
TAX-EXEMPT 
BONDS.—Rules similar to the rule under section 
45(b)(3) shall apply for purposes of this section.’’. 
(g) APPLICATION OF SECTION FOR CERTAIN CARBON 
CAPTURE EQUIPMENT.—Section 45Q(g) is amended by 
inserting ‘‘the earlier of January 1, 2023 and’’ before ‘‘the 
end of the calendar year’’. 
(h) ELECTION.—Section 45Q(f) is amended by add-
ing at the end the following new paragraph: 
‘‘(9) ELECTION.—For purposes of paragraphs 
(3) and (4) of subsection (a), a person described in 
paragraph (3)(A)(ii) may elect, at such time and in 
such manner as the Secretary may prescribe, to have 
the 12–year period begin on the first day of the first 
taxable year in which a credit under this section is 
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claimed with respect to carbon capture equipment 
which is originally placed in service at a qualified fa-
cility on or after the date of the enactment of the 
Bipartisan Budget Act of 2018 (after application of 
subsection (f)(6) where applicable) if— 
‘‘(A) no taxpayer claimed a credit under 
this section with respect to such carbon capture 
equipment for any prior taxable year, 
‘‘(B) the qualified facility at which such 
carbon capture equipment is placed in service is 
located in an area affected by a federally–de-
clared disaster (as defined by section 165(i) 
(5)(A)) after the carbon capture equipment is 
originally placed in service, and 
‘‘(C) such federally–declared disaster re-
sults in a cessation of the operation of the 
qualified facility after the carbon capture equip-
ment is originally placed in service.’’. 
(i) EFFECTIVE DATES.— 
(1) The amendments made by subsections (a), 
(b), (c), (d), (e), (f), and (g) shall apply to facilities 
or equipment the construction of which begins after 
December 31, 2021. 
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(2) The amendments made by subsection (h) 
shall apply to carbon oxide captured and disposed of 
after December 31, 2021. 
SEC. 136107. GREEN ENERGY PUBLICLY TRADED PARTNER-
SHIPS. 
(a) IN GENERAL.—Section 7704(d)(1)(E) is amend-
ed— 
(1) by striking ‘‘income and gains derived from 
the exploration’’ and inserting ‘‘income and gains 
derived from— 
‘‘(i) the exploration’’, 
(2) 
by 
inserting 
‘‘or’’ 
before 
‘‘industrial 
source’’, and 
(3) by striking ‘‘, or the transportation or stor-
age’’ and all that follows and inserting the following: 
‘‘(ii) the generation of electric power 
or thermal energy exclusively using any 
qualified energy resource (as defined in 
section 45(c)(1)), 
‘‘(iii) the operation of energy property 
(as defined in section 48(a)(3), determined 
without regard to any date by which the 
construction of the facility is required to 
begin), 
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‘‘(iv) in the case of a facility described 
in paragraph (3) or (7) of section 45(d) 
(determined without regard to any placed 
in service date or date by which construc-
tion of the facility is required to begin), 
the accepting or processing of open-loop 
biomass or municipal solid waste, 
‘‘(v) the transportation or storage of 
any fuel described in subsection (b), (c), 
(d), or (e) of section 6426, 
‘‘(vi) the conversion of renewable bio-
mass (as defined in subparagraph (I) of 
section 211(o)(1) of the Clean Air Act (as 
in effect on the date of the enactment of 
this clause)) into renewable fuel (as de-
fined in subparagraph (J) of such section 
as so in effect), or the storage or transpor-
tation of such fuel, 
‘‘(vii) the production, storage, or 
transportation of any fuel which— 
‘‘(I) uses as its primary feedstock 
carbon oxides captured from an an-
thropogenic source or the atmosphere, 
‘‘(II) does not use as its primary 
feedstock carbon oxide which is delib-
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erately released from naturally occur-
ring subsurface springs, and 
‘‘(III) is determined by the Sec-
retary to achieve a reduction of not 
less than a 60 percent in lifecycle 
greenhouse gas emissions (as defined 
in section 211(o)(1)(H) of the Clean 
Air Act, as in effect on the date of the 
enactment of this clause) compared to 
baseline lifecycle greenhouse gas emis-
sions 
(as 
defined 
in 
section 
211(o)(1)(C) of such Act, as so in ef-
fect), or 
‘‘(viii) a qualified facility (as defined 
in section 45Q(d), without regard to any 
date by which construction of the facility is 
required to begin).’’. 
(b) EFFECTIVE DATE.—The amendments made by 
this section apply to taxable years beginning after Decem-
ber 31, 2021. 
SEC. 136108. ZERO-EMISSION NUCLEAR POWER PRODUC-
TION CREDIT. 
(a) IN GENERAL.—Subpart D of part IV of sub-
chapter A of chapter 1 of the Internal Revenue Code of 
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1986 is amended by adding at the end the following new 
section: 
‘‘SEC. 45W. ZERO-EMISSION NUCLEAR POWER PRODUCTION 
CREDIT. 
‘‘(a) AMOUNT OF CREDIT.—For purposes of section 
38, the zero-emission nuclear power production credit for 
any taxable year is an amount equal to the amount by 
which— 
‘‘(1) the product of— 
‘‘(A) 0.3 cents, multiplied by 
‘‘(B) the kilowatt hours of electricity— 
‘‘(i) produced by the taxpayer at a 
qualified nuclear power facility, and 
‘‘(ii) sold by the taxpayer to an unre-
lated person during the taxable year, ex-
ceeds 
‘‘(2) the reduction amount for such taxable 
year. 
‘‘(b) DEFINITIONS.— 
‘‘(1) QUALIFIED NUCLEAR POWER FACILITY.— 
For purposes of this section, the term ‘qualified nu-
clear power facility’ means any nuclear facility— 
‘‘(A) which is owned by the taxpayer and 
which uses nuclear energy to produce elec-
tricity, 
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‘‘(B) which is not an advanced nuclear 
power facility as defined in subsection (d)(1) of 
section 45J, and 
‘‘(C) which is placed in service before the 
date of the enactment of this section. 
‘‘(2) REDUCTION AMOUNT.— 
‘‘(A) IN GENERAL.—For purposes of this 
section, the term ‘reduction amount’ means, 
with respect to any qualified nuclear power fa-
cility for any taxable year, the amount equal to 
the lesser of— 
‘‘(i) the amount determined under 
subsection (a)(1), or 
‘‘(ii) the amount equal to 16 percent 
of the excess of— 
‘‘(I) subject to subparagraph (B), 
the gross receipts from any electricity 
produced by such facility (including 
any electricity services or products 
provided in conjunction with the elec-
tricity produced by such facility) and 
sold to an unrelated person during 
such taxable year, over 
‘‘(II) the amount equal to the 
product of— 
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‘‘(aa) 2.5 cents, multiplied 
by 
‘‘(bb) the amount deter-
mined 
under 
subsection 
(a)(1)(B). 
‘‘(B) 
TREATMENT
OF
CERTAIN
RE-
CEIPTS.— 
‘‘(i) IN GENERAL.—The amount de-
termined under subparagraph (A)(ii)(I) 
shall include any amount received by the 
taxpayer during the taxable year with re-
spect to the qualified nuclear power facility 
from a zero-emission credit program unless 
the amount received by the taxpayer is 
subject to reduction— 
‘‘(I) by the full amount of the 
credit determined under this section, 
or 
‘‘(II) by any lesser amount if 
such amount entirely offsets the 
amount received from a zero-emission 
credit program. 
‘‘(ii) ZERO-EMISSION
CREDIT
PRO-
GRAM.—For purposes of this subpara-
graph, the term ‘zero-emission credit pro-
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gram’ means any payments to a qualified 
nuclear power facility as a result of any 
Federal, State or local government pro-
gram for, in whole or in part, the zero- 
emission, zero-carbon, or air quality at-
tributes of any portion of the electricity 
produced by such facility. 
‘‘(3) ELECTRICITY.—For purposes of this sec-
tion, the term ‘electricity’ means the energy pro-
duced by a qualified nuclear power facility from the 
conversion of nuclear fuel into electric power. 
‘‘(c) OTHER RULES.— 
‘‘(1) INFLATION ADJUSTMENT.—The 0.3 cent 
amount in subsection (a)(1)(A) and the 2.5 cent 
amount in subsection (b)(2)(A)(ii)(II)(aa) shall each 
be adjusted by multiplying such amount by the infla-
tion adjustment factor (as determined under section 
45(e)(2), as applied by substituting ‘calendar year 
2022’ for ‘calendar year 1992’ in subparagraph (B) 
thereof) for the calendar year in which the sale oc-
curs. If the 0.3 cent amount as increased under this 
paragraph is not a multiple of 0.05 cent, such 
amount shall be rounded to the nearest multiple of 
0.05 cent. If the 2.5 cent amount as increased under 
this paragraph is not a multiple of 0.1 cent, such 
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amount shall be rounded to the nearest multiple of 
0.1 cent. 
‘‘(2) SPECIAL
RULES.—Rules similar to the 
rules of paragraphs (1), (3), (4), and (5) of section 
45(e) shall apply for purposes of this section. 
‘‘(3) ULTIMATE PURCHASER.—For purposes of 
this section, electricity produced by the taxpayer 
shall be treated as sold to an unrelated person if the 
ultimate purchaser of such electricity is unrelated to 
such taxpayer. 
‘‘(d) WAGE REQUIREMENTS.— 
‘‘(1) INCREASED CREDIT AMOUNT FOR QUALI-
FIED NUCLEAR POWER FACILITIES.—In the case of 
any qualified nuclear power facility which satisfies 
the requirements of paragraph (2), the amount of 
the credit determined under subsection (a) shall be 
equal to such amount multiplied by 5 (determined 
without regard to this sentence). 
‘‘(2) PREVAILING WAGE REQUIREMENTS.— 
‘‘(A) IN GENERAL.—The taxpayer shall en-
sure that any laborers and mechanics employed 
by contractors and subcontractors in the alter-
ation or repair of a facility shall be paid wages 
at rates not less than the prevailing rates for 
alteration or repair of a similar character in the 
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‘‘(R) an omission of correct information or 
documentation 
required 
under 
section 
25C(b)(5)(B) (relating to home energy audits) 
to be included on a return.’’. 
(g) IDENTIFICATION NUMBER REQUIREMENT.— 
(1) IN GENERAL.—Section 25C, as amended by 
subsections (a) and (f), is amended by redesignating 
subsection (h) as subsection (i) and by inserting 
after subsection (g) the following new subsection: 
‘‘(h) PRODUCT IDENTIFICATION NUMBER REQUIRE-
MENT.— 
‘‘(1) IN GENERAL.—No credit shall be allowed 
under subsection (a) with respect to any item of 
specified property placed in service after December 
31, 2023, unless— 
‘‘(A) such item is produced by a qualified 
manufacturer, and 
‘‘(B) the taxpayer includes the qualified 
product identification number of such item on 
the return of tax for the taxable year. 
‘‘(2) QUALIFIED
PRODUCT
IDENTIFICATION 
NUMBER.—For purposes of this section, the term 
‘qualified product identification number’ means, with 
respect to any item of specified property, the prod-
uct identification number assigned to such item by 
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(c) MODIFICATION
OF
FOREIGN
TAX
CREDIT 
CARRYBACK AND CARRYFORWARD.— 
(1) REPEAL OF CARRYBACK.—Section 904(c) is 
amended— 
(A) by striking ‘‘in the first preceding tax-
able year, and’’, 
(B) by striking ‘‘preceding or’’ each place 
it appears, and 
(C) by striking ‘‘CARRYBACK AND’’ in the 
heading thereof. 
(2) APPLICATION TO LIMITATION ON FOREIGN 
OIL AND GAS TAXES.—Section 907(f)(1) is amended 
by striking ‘‘in the first preceding taxable year and’’. 
(3) APPLICATION OF CARRYFORWARD TO TAXES 
ON GLOBAL INTANGIBLE LOW-TAXED INCOME.— 
(A) IN
GENERAL.—Section 904(c) is 
amended by striking the last sentence. 
(B) 
TEMPORARY
LIMITATION
OF 
CARRYFORWARD TO 5 TAXABLE YEARS.—Sec-
tion 904(c), as amended by the preceding provi-
sions of this Act, is amended— 
(i) by striking ‘‘Any amount by which 
all taxes’’ and all that precedes it and in-
serting the following: 
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