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 which annual GHG emissions from US electricity production are less than 26% of 2022 US electricity sector GHG emissions
TCS Notes:
Cost estimate for FY25-31 (of which $11.9 billion is in FY31). GHG requirements for zero-emission electricity investments must be calculated and defined.
Elective Payment and Transferability allowed in certain cases.