Source: https://uscode.house.gov/view.xhtml?path=&req=granuleid%3AUSC-prelim-title26-section45&f=&fq=&num=0&hl=false&edition=prelim
Timestamp: 2020-07-07 03:24:25
Document Index: 363675569

Matched Legal Cases: ['§1914', '§507', '§1', '§319', '§603', '§313', '§710', '§1301', '§402', '§201', '§7', '§101', '§1101', '§702', '§406', '§154', '§210', '§301', '§186', '§40408', '§401', '§127', '§127', '§127', '§127', '§128', '§127', '§128']

26 USC 45: Electricity produced from certain renewable resources, etc. Text contains those laws in effect on July 5, 2020
(B) in the case of any facility the construction of which begins after December 31, 2017, and before January 1, 2019, 40 percent,
(C) in the case of any facility the construction of which begins after December 31, 2018, and before January 1, 2020, 60 percent, and
(D) in the case of any facility the construction of which begins after December 31, 2019, and before January 1, 2021, 40 percent.
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) 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
(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.
(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
(ii) in the case of any other facility, the construction of which begins before January 1, 2021.
(B) in the case of a facility using geothermal energy, the construction of which begins before January 1, 2021.
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.
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) 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
(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.
For purposes of subparagraph (A)(i), an efficiency improvement or addition to capacity shall be treated as placed in service before January 1, 2021, if the construction of such improvement or addition begins before such date.
(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) produced by the taxpayer at an Indian coal production facility during the 15-year period beginning on January 1, 2006, and
(II) during such 15-year period and such taxable year.
(Added Pub. L. 102–486, title XIX, §1914(a), Oct. 24, 1992, 106 Stat. 3020 ; amended Pub. L. 106–170, title V, §507(a)–(c), Dec. 17, 1999, 113 Stat. 1922 ; Pub. L. 106–554, §1(a)(7) [title III, §319(1)], Dec. 21, 2000, 114 Stat. 2763 , 2763A-646; Pub. L. 107–147, title VI, §603(a), Mar. 9, 2002, 116 Stat. 59 ; Pub. L. 108–311, title III, §313(a), Oct. 4, 2004, 118 Stat. 1181 ; Pub. L. 108–357, title VII, §710(a)–(d), (f), Oct. 22, 2004, 118 Stat. 1552–1557 ; Pub. L. 109–58, title XIII, §§1301(a)–(f)(4), 1302(a), 1322(a)(3)(C), Aug. 8, 2005, 119 Stat. 986–990 , 1011; Pub. L. 109–135, title IV, §§402(b), 403(t), 412(j), Dec. 21, 2005, 119 Stat. 2610 , 2628, 2637; Pub. L. 109–432, div. A, title II, §201, Dec. 20, 2006, 120 Stat. 2944 ; Pub. L. 110–172, §§7(b), 9(a), Dec. 29, 2007, 121 Stat. 2482 , 2484; Pub. L. 110–343, div. B, title I, §§101(a)–(e), 102(a)–(e), 106(c)(3)(B), 108(a)–(d)(1), Oct. 3, 2008, 122 Stat. 3808–3810 , 3815, 3819-3821; Pub. L. 111–5, div. B, title I, §1101(a), (b), Feb. 17, 2009, 123 Stat. 319 ; Pub. L. 111–312, title VII, §702(a), Dec. 17, 2010, 124 Stat. 3311 ; Pub. L. 112–240, title IV, §§406(a), 407(a), Jan. 2, 2013, 126 Stat. 2340 ; Pub. L. 113–295, div. A, title I, §§154(a), 155(a), title II, §210(g)(1), Dec. 19, 2014, 128 Stat. 4021 , 4032; Pub. L. 114–113, div. P, title III, §301(a), div. Q, title I, §§186(a)–(c), (d)(2), 187(a), Dec. 18, 2015, 129 Stat. 3038 , 3073, 3074; Pub. L. 115–123, div. D, title I, §§40408(a), 40409(a), Feb. 9, 2018, 132 Stat. 149 , 150; Pub. L. 115–141, div. U, title IV, §401(a)(14)–(16), Mar. 23, 2018, 132 Stat. 1185 ; Pub. L. 116–94, div. Q, title I, §§127(a), (c)(1), (2)(A), 128(a), Dec. 20, 2019, 133 Stat. 3231 , 3232.)
2019-Subsec. (b)(5)(D). Pub. L. 116–94, §127(c)(2)(A), added subpar. (D).
Subsec. (d)(1). Pub. L. 116–94, §127(c)(1), substituted "January 1, 2021" for "January 1, 2020".
Subsec. (d)(2)(A), (3)(A), (4)(B), (6), (7), (9), (11)(B). Pub. L. 116–94, §127(a), substituted "January 1, 2021" for "January 1, 2018" wherever appearing.
Subsec. (e)(10)(A). Pub. L. 116–94, §128(a), substituted "15-year period" for "12-year period" in two places.
Pub. L. 116–94, div. Q, title I, §127(d), Dec. 20, 2019, 133 Stat. 3232 , provided that: "The amendments made by this section [amending this section and section 48 of this title] shall take effect on January 1, 2018."
Pub. L. 116–94, div. Q, title I, §128(b), Dec. 20, 2019, 133 Stat. 3232 , provided that: "The amendment made by this section [amending this section] shall apply to coal produced after December 31, 2017."
2019-Internal Revenue Notice 2019–41, Internal Revenue Notice 2020–9.
2018-Internal Revenue Notice 2018–50, Internal Revenue Notice 2020–9.
2017-Internal Revenue Notice 2017–33,Internal Revenue Notice 2018–36.
2015-Internal Revenue Notice 2015–32, Internal Revenue Notice 2016–11.