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
Implementation Status/Rulemaking:
On October 5, 2022, the Internal Revenue Service issued Notice 2022-49 to requested comments on a number of energy generation incentives. Comments were due November 4, 2022: Source
TCS Notes:
Duplicative of other federal subsidy programs.
Elective Payment and Transferability allowed in certain cases.
Other TCS Resources:
Zero Emission Nuclear Tax Credit in the Inflation Reduction Act of 2022