Source: http://taxtv.com/code/00090-USCODE-2011-title26-subtitleA-chap1-subchapA-partIV-subpartI-sec54D/
Timestamp: 2017-03-27 02:50:06
Document Index: 483185540

Matched Legal Cases: ['§54', '§54', '§54', '§301', '§1112', '§1112', '§1112', '§1112']

IRC §54D. Qualified energy conservation bonds - TaxTV.com
IRC §54D. Qualified energy conservation bonds
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(a) Qualified energy conservation bond
For purposes of this subchapter, the term “qualified energy conservation bond” means any bond issued as part of an issue if—
(1) 100 percent of the available project proceeds of such issue are to be used for one or more qualified conservation purposes,
(2) the bond is issued by a State or local government, and
(f) Qualified conservation purpose
The term “qualified conservation purpose” means any of the following:
(i) reducing energy consumption in publicly-owned buildings by at least 20 percent,
(ii) implementing green community programs (including the use of loans, grants, or other repayment mechanisms to implement such programs),
(iii) rural development involving the production of electricity from renewable energy resources, or
(iv) any qualified facility (as determined under section 45(d) without regard to paragraphs (8) and (10) thereof and without regard to any placed in service date).
(i) development of cellulosic ethanol or other nonfossil fuels,
(ii) technologies for the capture and sequestration of carbon dioxide produced through the use of fossil fuels,
(iii) increasing the efficiency of existing technologies for producing nonfossil fuels,
(iv) automobile battery technologies and other technologies to reduce fossil fuel consumption in transportation, or
(v) technologies to reduce energy use in buildings.
(C) Mass commuting facilities and related facilities that reduce the consumption of energy, including expenditures to reduce pollution from vehicles used for mass commuting.
(i) green building technology,
(ii) conversion of agricultural waste for use in the production of fuel or otherwise,
(iii) advanced battery manufacturing technologies,
(iv) technologies to reduce peak use of electricity, or
(v) technologies for the capture and sequestration of carbon dioxide emitted from combusting fossil fuels in order to produce electricity.
(E) Public education campaigns to promote energy efficiency.
(h) Application to Indian tribal governments
(1) an Indian tribal government shall be treated for purposes of subsection (e) as located within a State to the extent of so much of the population of such government as resides within such State, and
(2) any bond issued by an Indian tribal government shall be treated as a qualified energy conservation bond only if issued as part of an issue the available project proceeds of which are used for purposes for which such Indian tribal government could issue bonds to which section 103(a) applies.
(Added Pub. L. 110–343, div. B, title III, §301(a), Oct. 3, 2008, 122 Stat. 3841; amended Pub. L. 111–5, div. B, title I, §1112, Feb. 17, 2009, 123 Stat. 322.)
2009—Subsec. (d). Pub. L. 111–5, §1112(a), substituted “$3,200,000,000” for “$800,000,000”.
Subsec. (e)(4). Pub. L. 111–5, §1112(b)(2), added par. (4).
Subsec. (f)(1)(A)(ii). Pub. L. 111–5, §1112(b)(1), inserted “(including the use of loans, grants, or other repayment mechanisms to implement such programs)” after “green community programs”.