Source: https://www.law.cornell.edu/uscode/text/26/48A
Timestamp: 2016-02-13 19:49:11
Document Index: 286782123

Matched Legal Cases: ['§ 48', '§ 48', '§ 48', '§\u202f48', '§\u202f1307', '§\u202f203', '§\u202f11', '§\u202f15346', '§\u202f4', '§\u202f15346', '§\u202f111', '§\u202f1103', '§\u202f111', '§\u202f111', '§\u202f111', '§\u202f111', '§\u202f111', '§\u202f111', '§\u202f111', '§\u202f111', '§\u202f111', '§\u202f15346', '§\u202f111', '§\u202f111', '§\u202f15346', '§\u202f4', '§\u202f15346', '§\u202f203']

26 U.S. Code § 48A - Qualifying advanced coal project credit | US Law | LII / Legal Information Institute
U.S. Code › Title 26 › Subtitle A › Chapter 1 › Subchapter A › Part IV › Subpart E › § 48A 26 U.S. Code § 48A - Qualifying advanced coal project credit
§ 48A.
(a) In generalFor purposes of section 46, the qualifying advanced coal project credit for any taxable year is an amount equal to—
(1) In generalFor purposes of subsection (a), the qualified investment for any taxable year is the basis of eligible property placed in service by the taxpayer during such taxable year which is part of a qualifying advanced coal project—
(3) Eligible propertyThe term “eligible property” means—
(A) Application periodEach applicant for certification under this paragraph shall submit an application meeting the requirements of subparagraph (B). An applicant may only submit an application—
(B) Particular projectsOf the dollar amount in subparagraph (A), the Secretary is authorized to certify—
(B) RedistributionThe Secretary may reallocate credits available under clauses (i) and (ii) of paragraph (3)(B) if the Secretary determines that—
(1) RequirementsFor purposes of subsection (c)(1), a project shall be considered a qualifying advanced coal project that the Secretary may certify under subsection (d)(2) if the Secretary determines that, at a minimum—
(2) Requirements for certificationFor the purpose of subsection (d)(2)(D), a project shall be eligible for certification only if the Secretary determines that—
(3) Priority for certain projectsIn determining which qualifying advanced coal projects to certify under subsection (d)(2), the Secretary shall—
applicant participants who have a research partnership with an eligible educational institution (as defined in section 529(e)(5)), and
(1) In generalFor the purpose of this section, an electric generation unit uses advanced coal-based generation technology if—
SO2 (percent removal)
NOx (emissions)
0.07 lbs/MMBTU
PM* (emissions)
0.015 lbs/MMBTU
Hg (percent removal)
(2) Design net heat rateFor purposes of this subsection, design net heat rate with respect to an electric generation unit shall—
(3) Existing unitsIn the case of any electric generation unit in existence on the date of the enactment of this section, such unit uses advanced coal-based generation technology if, in lieu of the requirements under paragraph (1)(A)(ii), such unit achieves a minimum efficiency of 35 percent and an overall thermal design efficiency improvement, compared to the efficiency of the unit as operated, of not less than—
(g) ApplicabilityNo use of technology (or level of emission reduction solely by reason of the use of the technology), and no achievement of any emission reduction by the demonstration of any technology or performance level, by or at one or more facilities with respect to which a credit is allowed under this section, shall be considered to indicate that the technology or performance level is—
(h) Competitive certification awards modification authorityIn implementing this section or section 48B, the Secretary is directed to modify the terms of any competitive certification award and any associated closing agreement where such modification—
(Added Pub. L. 109–58, title XIII, § 1307(b), Aug. 8, 2005, 119 Stat. 999; amended Pub. L. 109–432, div. A, title II, § 203(a), Dec. 20, 2006, 120 Stat. 2945; Pub. L. 110–172, § 11(a)(10), Dec. 29, 2007, 121 Stat. 2485; Pub. L. 110–234, title XV, § 15346(a), May 22, 2008, 122 Stat. 1523; Pub. L. 110–246, § 4(a), title XV, § 15346(a), June 18, 2008, 122 Stat. 1664, 2285; Pub. L. 110–343, div. B, title I, § 111(a)–(d), Oct. 3, 2008, 122 Stat. 3822, 3823; Pub. L. 111–5, div. B, title I, § 1103(b)(2)(C), Feb. 17, 2009, 123 Stat. 321.)
2008—Subsec. (a)(3). Pub. L. 110–343, § 111(a), added par. (3).
Subsec. (d)(2)(A). Pub. L. 110–343, § 111(c)(2), reenacted heading without change and amended text generally. Prior to amendment, text read as follows: “Each applicant for certification under this paragraph shall submit an application meeting the requirements of subparagraph (B). An applicant may only submit an application during the 3-year period beginning on the date the Secretary establishes the program under paragraph (1).”
Subsec. (d)(3)(A). Pub. L. 110–343, § 111(b), substituted “$2,550,000,000” for “$1,300,000,000”.
Subsec. (d)(3)(B). Pub. L. 110–343, § 111(c)(1), reenacted heading without change and amended text generally. Prior to amendment, text read as follows: “Of the dollar amount in subparagraph (A), the Secretary is authorized to certify—
Subsec. (d)(5). Pub. L. 110–343, § 111(d), added par. (5).
Subsec. (e)(1)(G). Pub. L. 110–343, § 111(c)(3)(A), added subpar. (G).
Subsec. (e)(3). Pub. L. 110–343, § 111(c)(5), substituted “certain” for “integrated gasification combined cycle” in heading.
Subsec. (e)(3)(B)(iii), (iv). Pub. L. 110–343, § 111(c)(4), added cl. (iii) and redesignated former cl. (iii) as (iv).
Subsec. (e)(3)(C). Pub. L. 110–343, § 111(c)(3)(B), added subpar. (C).
Subsec. (h). Pub. L. 110–246, § 15346(a), added subsec. (h).
Subsec. (i). Pub. L. 110–343, § 111(c)(3)(C), added subsec. (i).
Pub. L. 110–343, div. B, title I, § 111(e), Oct. 3, 2008, 122 Stat. 3823, provided that:
Except as otherwise provided in this subsection, the amendments made by this section [amending this section] shall apply to credits the application for which is submitted during the period described in section 48A(d)(2)(A)(ii) of the Internal Revenue Code of 1986 and which are allocated or reallocated after the date of the enactment of this Act [Oct. 3, 2008].
“(2)Disclosure of allocations.—
The amendment made by subsection (d) [amending this section] shall apply to certifications made after the date of the enactment of this Act.
The amendment made by subsection (c)(5) [amending this section] shall take effect as if included in the amendment made by section 1307(b) of the Energy Tax Incentives Act of 2005 [Pub. L. 109–58].”
Pub. L. 110–234, title XV, § 15346(b), May 22, 2008, 122 Stat. 1523, and Pub. L. 110–246, § 4(a), title XV, § 15346(b), June 18, 2008, 122 Stat. 1664, 2285, provided that: “The amendment made by this section [amending this section] shall take effect on the date of the enactment of this Act [June 18, 2008] and is applicable to all competitive certification awards entered into under section 48A or 48B of the Internal Revenue Code of 1986, whether such awards were issued before, on, or after such date of enactment.”
Pub. L. 109–432, div. A, title II, § 203(b), Dec. 20, 2006, 120 Stat. 2945, provided that: “The amendment made by this section [amending this section] shall take apply [sic] with respect to applications for certification under section 48A(d)(2) of the Internal Revenue Code of 1986 submitted after October 2, 2006.”
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