TCS Databases

A Taxpayers for Common Sense Project

Category: IRA

  • Investments in Advanced Biofuels under Section 211(o) of the Clean Air Act

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    Agency: Environmental Protection Agency   Description: Grants to industry and other activities to support investments in advanced biofuels. “Advanced biofuels” are defined as renewable fuels, other than ethanol derived from corn starch, that reduce lifecycle greenhouse gas emissions by at least 50%. This may include ethanol derived from cellulose, hemicellulose, or lignin; ethanol derived from…

  • Renewable electricity production tax credit (PTC)

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    Agency: Department of the Treasury   Description: For closed- and open-loop biomass (latter includes livestock waste) facilities, landfill gas or trash facilities, qualified hydropower, marine and hydrokinetic, wind, and geothermal or solar energy. Also known as the Production Tax Credit (PTC) and Investment Tax Credit (ITC). Bill Section: 13101 US Code: 26 USC 45(d) and…

  • Residential Clean Energy Credit

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    Agency: Department of the Treasury   Description: Tax credit of up to 30% (varying amounts depending on year) for expenditures for certain solar electric, solar water heater, fuel cell, small wind, geothermal heat pump, and battery storage technologies. Bill Section: 13302 US Code: 26 USC 25D New or Existing: Existing Potential Cost:      $22,000,000,000 Timeline:…

  • Sustainable Aviation Fuel Credit

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    Agency: Department of the Treasury   Description: Tax credit of $1.25/gallon or more for aviation fuel meeting certain GHG and other requirements Bill Section: 13203 US Code: 26 USC 40B New or Existing: New Potential Cost:      $490,000,000 Timeline:      2023-2024 (later folds into Clean Fuel Production credit)   TCS Notes: For fuel meeting 50%…

  • Clean Electricity Investment Credit

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    Agency: Department of the Treasury   Description: Phased tax credit for electricity investments “for which the anticipated GHG emissions rate is not greater than zero.” Bill Section: 13702 US Code: 26 USC 48E New or Existing: New Potential Cost:      $50,900,000,000 Timeline:      2025 through phase out beginning in 2032 or the calendar year in…

  • Zero-emission Nuclear Power Production Credit

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    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…

  • Clean Electricity Production Credit

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    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…

  • Fueling Aviation’s Sustainable Transition Grant Program: Low-Emission Aviation Technologies (FAST-Tech)

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    Agency: Department of Transportation   Description: A competitive grant program for projects that “develop, demonstrate, or apply low-emission aviation technologies,” which are defined as technologies that significantly improve aircraft fuel efficiency, increase the utilization of sustainable aviation fuel, or reduce greenhouse gas emissions. Bill Section: 40007(a)(2) US Code: 49 USC 44504 New or Existing: New…

  • Clean Fuel Production Credit

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    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…

  • Fueling Aviation’s Sustainable Transition Grant Program: Sustainable Aviation Fuel (FAST-SAF)

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    Agency: Department of Transportation   Description: A competitive grant program for projects that “produce, transport, blend, or store sustainable aviation fuel.” Bill Section: 40007(a)(1) US Code: 49 USC 44504 New or Existing: New Potential Cost:      $244,530,000 Timeline:      FY22-26   TCS Notes: Requires land use change to be incorporated into GHG emission modeling; eligible…