Agency: Department of the Treasury

Agency: Department of the Treasury   Description: Tax credit for electricity produced at qualified nuclear power facilities. Bill Section: 13105 US Code: 26 USC 45U New or Existing: New Potential Cost:      $30,000,000,000 Timeline:      Through 2032   TCS Notes: Duplicative of other federal subsidy programs. Elective Payment and Transferability allowed in certain cases. Other…

Agency: Department of the Treasury   Description: Phased tax credit for zero-emission electricity production Bill Section: 13701 US Code: 26 USC 45Y New or Existing: New Potential Cost:      $11,200,000,000 Timeline:      2025 through phase out beginning in 2032 or the calendar year in which annual GHG emissions from US electricity production are less than…

Agency: Department of the Treasury   Description: Tax credit of $0.20-$1.00/gallon for production of fuels with carbon intensity reductions (less than 50 kilograms of CO2e per mmBTU); sustainable aviation fuel could receive credit of up to $1.75/gallon, with a minimum of $0.35/gallon. Bill Section: 13704 US Code: 26 USC 45Z New or Existing: New Potential…

Agency: Department of the Treasury   Description: Tax credit for the purchase of certain new electric vehicles. Bill Section: 13401 US Code: 26 USC 30D New or Existing: Existing Potential Cost:      $7,541,000,000 Timeline:      2023 – 2032   TCS Notes: Credit of up to $7,500 for the purchase of a qualified plug-in electric vehicle…

Agency: Department of the Treasury   Description: Provides an additional tax deduction for facilities or property qualifying for the Clean Electricity Investment Tax Credit. These facilities or property will be treated as a 5-year property for purposes of cost recovery; meaning, they will be able to deduct from their taxable income the depreciating value of…

Agency: Department of the Treasury   Description: Tax credit for certain energy efficient homes, those meeting the Energy Star requirements or the Zero Energy Ready Home standards. Bill Section: 13304 US Code: 26 USC 45L New or Existing: Existing Potential Cost:      $2,043,000,000 Timeline:      2022 – 2032   TCS Notes: Newly constructed single family…

Agency: Department of the Treasury   Description: Tax credit of 30% of the sale price of a previously owned electric vehicle but no more than $4,000 Bill Section: 13402 US Code: 26 USC 25E New or Existing: New Potential Cost:      $1,347,000,000 Timeline:      2023 – 2032   TCS Notes: Must have a sales price…

Agency: Department of the Treasury   Description: Credit for eligible projects, including but not limited to investments reequipping, expanding or establishing industrial or manufacturing facilities for production or recycling of certain renewable energy, renewable fuel (defined as low-carbon and low-emission), electric grid equipment, CCS, energy conservation and storage, energy efficiency, certain hybrid, fuel cell, and…

Agency: Department of the Treasury   Description: Tax credit for manufacturing components related to wind and solar, batteries, and minerals Bill Section: 13502 US Code: 26 USC 45X New or Existing: New Potential Cost:      $30,600,000,000 Timeline:      2023 – 2032 overall but different requirements in statute including phase-out   TCS Notes: $4.6 billion of…

Agency: Department of the Treasury   Description: Tax credit for certain fueling equipment for 85% ethanol, natural gas, compressed or liquified natural gas, liquefied petroleum gas or hydrogen; 20% (or more) biodiesel; or electricity. Bill Section: 13404 US Code: 26 USC 30C New or Existing: Existing Potential Cost:      $1,700,000,000 Timeline:      2022 – 2032…