,,ii ,cal5d> ,no4 #gh #aag? ,,congress #a/ ,session ,s4 #baah ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,june #ag1 #bjba,mr4 ,wyd5 7= himself1 ,ms4 ,/ab5[1 ,mr4 ,m55dez1 ,mr4 ,c>p]1 ,mr4 ,c>d91 ,mr4 ,br[n1 ,mr4 ,b5net1 ,mr4 ,casey1 ,mr4 ,:iteh\se1 & ,ms4 ,cortez ,ma/o7 introduc$ ! foll[+ bill2 :i* 0 read ! fir/ "t ,june #ba1 #bjba,read ! second "t & plac$ on ! cal5d> ,a ,,bill ,to am5d ! ,int]nal ,rev5ue ,code ( #aihf to provide tax inc5tives = increas$ inve/m5t 9 clean en]gy1 & = o!r purposes4 #a4 ,%ort title2 etc 7a7 ,%ort title ,?is ,act may be cit$ z ! ,clean ,en]gy = ,am]ica ,act4 7b7 ,am5dm5t ( #aihf ,code ,except z o!rwise expressly provid$1 :5ev] 9 ?is ,act an am5dm5t or repeal is express$ 9 t]ms ( an am5dm5t to1 or repeal (1 a section or o!r provision1 ! ref]5ce %all be consid]$ to be made to a section or o!r provision ( ! ,int]nal ,rev5ue ,code ( #aihf4 7c7 ,table ( cont5ts ,! table ( cont5ts ( ?is ,act is z foll[s3 ,sec4 #a4 ,%ort title2 etc4,,title ,i--,inc5tives = ,clean ,electricity ,sec4 #aja4 ,clean electricity production cr$it4,sec4 #ajb4 ,clean electricity inve/m5t cr$it4,sec4 #ajc4 ,ext5sions1 modifications1 & t]m9ations ( v>i\s en]gy provisions4,,title ,,ii--,inc5tives = ,clean ,transportation,sec4 #bja4 ,clean fuel production cr$it4,sec4 #bjb4 ,transportation electrification4,sec4 #bjc4 ,cr$it = production ( clean hydrog54,sec4 #bjd4 ,tempor>y ext5sions ( exi/+ fuel inc5tives4,,title ,,iii--,inc5tives = ,en]gy ,efficiency,sec4 #cja4 ,cr$it = new en]gy effici5t resid5tial build+s4,sec4 #cjb4 ,en]gy effici5t home improvem5t cr$it4,sec4 #cjc4 ,enhancem5t ( en]gy effici5t comm]cial build+s d$uction4,sec4 #cjd4 ,enhancem5t ( en]gy cr$it = geo!rmal heat pumps4,,title ,,iv--,t]m9ation ( c]ta9 fossil fuel provisions,sec4 #dja4 ,t]m9ation ( provisions relat+ to oil1 gas1 & o!r mat]ials4,sec4 #djb4 ,modification ( c]ta9 provisions relat+ to oil1 gas1 & o!r fossil fuels4,,title ,v--,work=ce developm5t requirements,sec4 #eja4 ,use ( qualifi$ appr5tices4,,title ,,vi--,miscellaneous,sec4 #fja4 ,adju/m5t ( qualify+ advanc$ en]gy project cr$it4,sec4 #fjb4 ,issuance ( exempt facility bonds = qualifi$ c>bon dioxide capture facilities4,sec4 #fjc4 ,limitation on importation ( c]ta9 en]gy equipm5t & compon5ts4,sec4 #fjd4 ,elim9ation ( negative effects on small bus9esses & c]ta9 individual taxpay]s4 ,i ,inc5tives = ,clean ,electricity #aja4 ,clean electricity production cr$it 7a7 ,9 g5]al ,subp>t ,d ( "p ,,iv ( sub*apt] ,a ( *apt] #a is am5d$ by add+ at ! end ! foll[+ new section3 #de,u4 ,clean electricity production cr$it 7a7 ,am\nt ( cr$it ,= purposes ( section #ch1 ! clean electricity production cr$it = any taxable ye> is an am\nt equal to ! product (-- 7#a7 subject to subsection 7g77#g71 #a4e c5ts1 multipli$ by 7#b7 ! kil[att h\rs ( electricity-- 7,a7 produc$ by ! taxpay] at a qualifi$ facility1 & 7,b7 7i7 sold by ! taxpay] to an unrelat$ p]son dur+ ! taxable ye>1 or 7ii7 9 ! case ( a qualifi$ facility :i* is equipp$ ) a met]+ device :i* is own$ & op]at$ by an unrelat$ p]son1 sold1 consum$1 or /or$ by ! taxpay] dur+ ! taxable ye>4 7b7 ,qualifi$ facility 7#a7 ,9 g5]al 7,a7 ,def9ition ,subject to subp>agraphs 7,b71 7,c71 & 7,d71 ! t]m qualifi$ facility means a facility own$ by ! taxpay]-- 7i7 :i* is us$ = ! g5]ation ( electricity1 7ii7 :i* is orig9ally plac$ 9 s]vice aft] ,decemb] #ca1 #bjbb1 7iii7 = :i* ! gre5h\se gas emissions rate 7z det]m9$ "u p>agraph 7#b77 is n great] ?an z]o1 & 7iv7 9 ! case ( any facility ) a maximum net output equal to or great] ?an #a megawatt1 :i*-- 7,i7 subject to subp>agraph 7,b7 ( p>agraph 7#c71 satisfies ! requirem5ts "u subp>agraph 7,a7 ( su* p>agraph1 & 7,,ii7 ) respect to ! con/ruction ( su* facility1 satisfies ! requirem5ts "u section #eja ( ! ,clean ,en]gy = ,am]ica ,act4 7,b7 #aj-ye> production cr$it ,= purposes ( ?is section1 a facility %all only be treat$ z a qualifi$ facility dur+ ! #aj-ye> p]iod beg9n+ on ! date ! facility 0 orig9ally plac$ 9 s]vice4 7,c7 ,expansion ( facility2 increm5tal production ,! t]m qualifi$ facility %all include ei!r ( ! foll[+ 9 connection ) a facility describ$ 9 subp>agraph 7,a7 7)\t reg>d to clause 7ii7 ( su* subp>agraph7 t 0 plac$ 9 s]vice be=e ,janu>y #a1 #bjbc1 b only to ! ext5t ( ! increas$ am\nt ( electricity produc$ at ! facility by reason ( ! foll[+3 7i7 ,a new unit plac$ 9 s]vice aft] ,decemb] #ca1 #bjbb4 7ii7 ,any effici5cy improvem5ts or additions ( capacity plac$ 9 s]vice aft] ,decemb] #ca1 #bjbb4 7,d7 ,coord9ation ) o!r cr$its ,! t]m qualifi$ facility %all n include any facility = :i* a cr$it det]m9$ "u section #de1 #de;,j1 #de,q1 #dh1 or #dh;,d is all[$ "u section #ch = ! taxable ye> or any prior taxable ye>4 7#b7 ,gre5h\se gas emissions rate 7,a7 ,9 g5]al ,= purposes ( ?is section1 ! t]m gre5h\se gas emissions rate means ! am\nt ( gre5h\se gases emitt$ into ! atmosph]e by a facility 9 ! production ( electricity1 express$ z grams ( ,,co#b;e p] ,k,wh4 7,b7 ,fuel combu/ion & gasification ,9 ! case ( a facility :i* produces electricity ?r\gh combu/ion or gasification1 ! gre5h\se gas emissions rate = su* facility %all be equal to ! net rate ( gre5h\se gases emitt$ into ! atmosph]e by su* facility 7tak+ into acc\nt lifecycle gre5h\se gas emissions1 z describ$ 9 section #baa7o77#a77;,h7 ( ! ,clean ,air ,act 7#db ,u4,s4,c4 #gede7o77#a77;,h777 9 ! production ( electricity1 express$ z grams ( ,,co#b;e p] ,k,wh4 7,c7 ,e/abli%m5t ( emissions rates = facilities 7i7 ,9 g5]al ,! ,secret>y & ! ,adm9i/rator ( ! ,environm5tal ,protection ,ag5cy %all e/abli% gre5h\se gas emissions rates = types or categories ( facilities1 :i* a taxpay] %all use = purposes ( ?is section4 7ii7 ,publi%+ emissions rates ,! ,secret>y %all annually publi% a table t sets =? ! gre5h\se gas emissions rates = simil> types or categories ( facilities4 7iii7 ,provisional emissions rate 7,i7 ,9 g5]al ,9 ! case ( any facility = :i* an emissions rate has n be5 e/abli%$ by ! ,secret>y & ! ,adm9i/rator ( ! ,environm5tal ,protection ,ag5cy1 a taxpay] :i* owns su* facility may file a petition ) ! ,secret>y & ! ,adm9i/rator ( ! ,environm5tal ,protection ,ag5cy = det]m9ation ( ! emissions rate ) respect to su* facility4 7,,ii7 ,e/abli%m5t ( provisional & f9al emissions rate ,9 ! case ( a facility = :i* a petition describ$ 9 subclause 7,i7 has be5 fil$1 ! ,secret>y & ! ,adm9i/rator ( ! ,environm5tal ,protection ,ag5cy %all-- 7aa7 n lat] ?an #ab mon?s aft] ! date on :i* ! petition 0 fil$1 provide a provisional emissions rate = su* facility :i* a taxpay] %all use = purposes ( ?is section1 & 7bb7 n lat] ?an #bd mon?s aft] ! date on :i* ! petition 0 fil$1 e/abli% ! emissions rate = su* facility4 7,d7 ,c>bon capture & seque/ration equipm5t ,= purposes ( ?is subsection1 ! am\nt ( gre5h\se gases emitt$ into ! atmosph]e by a facility 9 ! production ( electricity %all n include any qualifi$ c>bon dioxide t is captur$ by ! taxpay] &-- 7i7 pursuant to any regulations e/abli%$ "u p>agraph 7#b7 ( section #de,q7f71 dispos$ ( by ! taxpay] 9 secure geological /orage1 or 7ii7 utiliz$ by ! taxpay] 9 a mann] describ$ 9 p>agraph 7#e7 ( su* section4 7#c7 ,wage requirem5ts 7,a7 ,9 g5]al ,! requirem5ts describ$ 9 ?is subp>agraph ) respect to any facility are t ! taxpay] %all ensure t any labor]s & me*anics employ$ by contractors & subcontractors 9-- 7i7 ! con/ruction ( su* facility1 or 7ii7 = any ye> dur+ ! p]iod describ$ 9 p>agraph 7#a77;,b71 ! alt]ation or repair ( su* facility1 %all be paid wages at rates n less ?an ! prevail+ rates = con/ruction1 alt]ation1 or repair ( a simil> "* 9 ! locality z det]m9$ by ! ,secret>y ( ,labor1 9 accordance ) sub*apt] ,,iv ( *apt] #ca ( title #dj1 ,unit$ ,/ates ,code4 7,b7 ,failure to satisfy wage requirem5ts 7i7 ,9 g5]al ,9 ! case ( any taxpay] :i* fails to satisfy ! requirem5t "u subp>agraph 7,a7 ) respect to any facility = any ye> dur+ ! p]iod describ$ 9 p>agraph 7#a77;,b71 ! am\nt ( ! cr$it :i* w\ld 7b = ?is subp>agraph7 be all[able "u ?is section ) respect to su* facility = su* ye> %all be r$uc$ to z]o4 7ii7 ,correction & p5alty ,clause 7i7 %all n apply ) respect to any failure by ! taxpay] to satisfy ! requirem5t "u subp>agraph 7,a7 ) respect to any facility = any ye> if1 ) respect to any labor] or me*anic :o 0 paid wages at a rate bel[ ! rate describ$ 9 su* subp>agraph = any p]iod dur+ su* ye>1 su* taxpay]-- 7,i7 makes paym5t to su* labor] or me*anic 9 an am\nt equal to ! sum (-- 7aa7 an am\nt equal to ! diff]5ce betwe5-- 7,,aa7 ! am\nt ( wages paid to su* labor] or me*anic dur+ su* p]iod1 & 7,,bb7 ! am\nt ( wages requir$ to be paid to su* labor] or me*anic pursuant to su* subp>agraph dur+ su* p]iod1 plus 7bb7 int]e/ on ! am\nt det]m9$ "u item 7aa7 at ! und]paym5t rate e/abli%$ "u section #ffba = ! p]iod describ$ 9 su* item1 & 7,,ii7 makes paym5t to ! ,secret>y ( a p5alty 9 an am\nt equal to ! product (-- 7aa7 #e1jjj1 multipli$ by 7bb7 ! total numb] ( labor]s & me*anics :o 7 paid wages at a rate bel[ ! rate describ$ 9 subp>agraph 7,a7 = any p]iod dur+ su* ye>4 7c7 ,inflation adju/m5t 7#a7 ,9 g5]al ,9 ! case ( a cal5d> ye> beg9n+ aft] #bjba1 ! #a4e c5t am\nt 9 p>agraph 7#a7 ( subsection 7a7 %all be adju/$ by multiply+ su* am\nt by ! inflation adju/m5t factor = ! cal5d> ye> 9 :i* ! sale or use ( ! electricity occurs4 ,if any am\nt z increas$ "u ! prec$+ s5t5ce is n a multiple ( #j4a c5t1 su* am\nt %all be r\nd$ to ! ne>e/ multiple ( #j4a c5t4 7#b7 ,annual computation ,! ,secret>y %all1 n lat] ?an ,april #a ( ea* cal5d> ye>1 det]m9e & publi% 9 ! ,f$]al ,regi/] ! inflation adju/m5t factor = su* cal5d> ye> 9 accordance ) ?is subsection4 7#c7 ,inflation adju/m5t factor ,! t]m inflation adju/m5t factor means1 ) respect to a cal5d> ye>1 a fraction ! num]ator ( :i* is ! ,,gdp implicit price deflator = ! prec$+ cal5d> ye> & ! d5om9ator ( :i* is ! ,,gdp implicit price deflator = ! cal5d> ye> #aiib4 ,! t]m ,,gdp implicit price deflator means ! mo/ rec5t revision ( ! implicit price deflator = ! gross dome/ic product z comput$ & publi%$ by ! ,dep>tm5t ( ,comm]ce be=e ,m>* #ae ( ! cal5d> ye>4 7d7 ,cr$it phase-,out 7#a7 ,9 g5]al ,if ! ,secret>y1 ! ,secret>y ( ,en]gy1 & ! ,adm9i/rator ( ! ,environm5tal ,protection ,ag5cy det]m9e t ! annual gre5h\se gas emissions f ! production ( electricity 9 ! ,unit$ ,/ates are equal to or less ?an #be p]c5t ( ! annual gre5h\se gas emissions f ! production ( electricity 9 ! ,unit$ ,/ates = cal5d> ye> #bjba1 ! am\nt ( ! clean electricity production cr$it "u subsection 7a7 = any qualifi$ facility ! con/ruction ( :i* beg9s dur+ a cal5d> ye> describ$ 9 p>agraph 7#b7 %all be equal to ! product (-- 7,a7 ! am\nt ( ! cr$it det]m9$ "u subsection 7a7 )\t reg>d to ?is subsection1 multipli$ by 7,b7 ! phase-out p]c5tage "u p>agraph 7#b74 7#b7 ,phase-out p]c5tage ,! phase-out p]c5tage "u ?is p>agraph is equal to-- 7,a7 = a facility ! con/ruction ( :i* beg9s dur+ ! fir/ cal5d> ye> foll[+ ! cal5d> ye> 9 :i* ! det]m9ation describ$ 9 p>agraph 7#a7 is made1 #ajj p]c5t1 7,b7 = a facility ! con/ruction ( :i* beg9s dur+ ! second cal5d> ye> foll[+ su* det]m9ation ye>1 #ge p]c5t1 7,c7 = a facility ! con/ruction ( :i* beg9s dur+ ! ?ird cal5d> ye> foll[+ su* det]m9ation ye>1 #ej p]c5t1 & 7,d7 = a facility ! con/ruction ( :i* beg9s dur+ any cal5d> ye> subsequ5t to ! ye> describ$ 9 subp>agraph 7,c71 #j p]c5t4 7e7 ,def9itions ,= purposes ( ?is section3 7#a7 ,,co#b;e p] ,k,wh ,! t]m ,,co#b;e p] ,k,wh means1 ) respect to any gre5h\se gas1 ! equival5t c>bon dioxide 7z det]m9$ bas$ on global w>m+ pot5tial7 p] kil[att h\r ( electricity produc$4 7#b7 ,gre5h\se gas ,! t]m gre5h\se gas has ! same mean+ giv5 su* t]m "u section #baa7o77#a77;,g7 ( ! ,clean ,air ,act 7#db ,u4,s4,c4 #gede7o77#a77;,g771 z 9 effect on ! date ( ! enactm5t ( ?is section4 7#c7 ,qualifi$ c>bon dioxide ,! t]m qualifi$ c>bon dioxide means c>bon dioxide captur$ f an indu/rial s\rce :i*-- 7,a7 w\ld o!rwise be releas$ into ! atmosph]e z indu/rial emission ( gre5h\se gas1 7,b7 is measur$ at ! s\rce ( capture & v]ifi$ at ! po9t ( disposal or utilization1 & 7,c7 is captur$ & dispos$ or utiliz$ )9 ! ,unit$ ,/ates 7)9 ! mean+ ( section #fch7a77 or a possession ( ! ,unit$ ,/ates 7)9 ! mean+ ( section #fch7b774 7f7 ,f9al guidance ,n lat] ?an ,janu>y #a1 #bjbc1 ! ,secret>y & ! ,adm9i/rator ( ! ,environm5tal ,protection ,ag5cy %all issue f9al guidance reg>d+ implem5tation ( ?is section1 includ+ calculation ( gre5h\se gas emission rates = qualifi$ facilities & det]m9ation ( clean electricity production cr$its "u ?is section4 7g7 ,special rules 7#a7 ,only production 9 ! ,unit$ ,/ates tak5 into acc\nt ,consumption or sales %all be tak5 into acc\nt "u ?is section only ) respect to electricity ! production ( :i* is )9-- 7,a7 ! ,unit$ ,/ates 7)9 ! mean+ ( section #fch7a771 or 7,b7 a possession ( ! ,unit$ ,/ates 7)9 ! mean+ ( section #fch7b774 7#b7 ,comb9$ heat & p[] sy/em prop]ty 7,a7 ,9 g5]al ,= purposes ( subsection 7a7-- 7i7 ! kil[att h\rs ( electricity produc$ by a taxpay] at a qualifi$ facility %all include any production 9 ! =m ( useful !rmal en]gy by any comb9$ heat & p[] sy/em prop]ty )9 su* facility1 & 7ii7 ! am\nt ( gre5h\se gases emitt$ into ! atmosph]e by su* facility 9 ! production ( su* useful !rmal en]gy %all be includ$ = purposes ( det]m9+ ! gre5h\se gas emissions rate = su* facility4 7,b7 ,comb9$ heat & p[] sy/em prop]ty ,= purposes ( ?is p>agraph1 ! t]m comb9$ heat & p[] sy/em prop]ty has ! same mean+ giv5 su* t]m by section #dh7;c77#c7 7)\t reg>d to subp>agraphs 7,a77iv71 7,b71 & 7,d7 !re(74 7,c7 ,conv]sion f ,,btu to ,k,wh 7i7 ,9 g5]al ,= purposes ( subp>agraph 7,a77i71 ! am\nt ( kil[att h\rs ( electricity produc$ 9 ! =m ( useful !rmal en]gy %all be equal to ! quoti5t (-- 7,i7 ! total useful !rmal en]gy produc$ by ! comb9$ heat & p[] sy/em prop]ty )9 ! qualifi$ facility1 divid$ by 7,,ii7 ! heat rate = su* facility4 7ii7 ,heat rate ,= purposes ( ?is subp>agraph1 ! t]m heat rate means ! am\nt ( en]gy us$ by ! qualifi$ facility to g5]ate #a kil[att h\r ( electricity1 express$ z ,briti% !rmal units p] net kil[att h\r g5]at$4 7#c7 ,production attributable to ! taxpay] ,9 ! case ( a qualifi$ facility 9 :i* m ?an #a p]son has an own]%ip int]e/1 except to ! ext5t provid$ 9 regulations prescrib$ by ! ,secret>y1 production f ! facility %all be allocat$ among su* p]sons 9 proportion to _! respective own]%ip int]e/s 9 ! gross sales f su* facility4 7#d7 ,relat$ p]sons ,p]sons %all be treat$ z relat$ to ea* o!r if su* p]sons w\ld be treat$ z a s+le employ] "u ! regulations prescrib$ "u section #eb7;b74 ,9 ! case ( a corporation :i* is a memb] ( an affiliat$ gr\p ( corporations fil+ a consolidat$ return1 su* corporation %all be treat$ z sell+ electricity to an unrelat$ p]son if su* electricity is sold to su* a p]son by ano!r memb] ( su* gr\p4 7#e7 ,pass-?ru 9 ! case ( e/ates & tru/s ,"u regulations prescrib$ by ! ,secret>y1 rules simil> to ! rules ( subsection 7d7 ( section #eb %all apply4 7#f7 ,allocation ( cr$it to patrons ( agricultural coop]ative 7,a7 ,election to allocate 7i7 ,9 g5]al ,9 ! case ( an eligible coop]ative organization1 any portion ( ! cr$it det]m9$ "u subsection 7a7 = ! taxable ye> may1 at ! election ( ! organization1 be apportion$ among patrons ( ! organization on ! basis ( ! am\nt ( bus9ess done by ! patrons dur+ ! taxable ye>4 7ii7 ,=m & effect ( election ,an election "u clause 7i7 = any taxable ye> %all be made on a timely fil$ return = su* ye>4 ,su* election1 once made1 %all be irrevocable = su* taxable ye>4 ,su* election %all n take effect unless ! organization designates ! apportionm5t z su* 9 a writt5 notice mail$ to its patrons dur+ ! paym5t p]iod describ$ 9 section #achb7;d74 7,b7 ,treatm5t ( organizations & patrons ,! am\nt ( ! cr$it apportion$ to any patrons "u subp>agraph 7,a7-- 7i7 %all n be includ$ 9 ! am\nt det]m9$ "u subsection 7a7 ) respect to ! organization = ! taxable ye>1 & 7ii7 %all be includ$ 9 ! am\nt det]m9$ "u subsection 7a7 = ! fir/ taxable ye> ( ea* patron end+ on or aft] ! la/ day ( ! paym5t p]iod 7z def9$ 9 section #achb7;d77 = ! taxable ye> ( ! organization or1 if e>li]1 = ! taxable ye> ( ea* patron end+ on or aft] ! date on :i* ! patron receives notice f ! coop]ative ( ! apportionm5t4 7,c7 ,special rules = decrease 9 cr$its = taxable ye> ,if ! am\nt ( ! cr$it ( a coop]ative organization det]m9$ "u subsection 7a7 = a taxable ye> is less ?an ! am\nt ( su* cr$it %[n on ! return ( ! coop]ative organization = su* ye>1 an am\nt equal to ! excess (-- 7i7 su* r$uction1 ov] 7ii7 ! am\nt n apportion$ to su* patrons "u subp>agraph 7,a7 = ! taxable ye>1 %all be treat$ z an increase 9 tax impos$ by ?is *apt] on ! organization4 ,su* increase %all n be treat$ z tax impos$ by ?is *apt] = purposes ( det]m9+ ! am\nt ( any cr$it "u ?is *apt]4 7,d7 ,eligible coop]ative def9$ ,= purposes ( ?is section1 ! t]m eligible coop]ative means a coop]ative organization describ$ 9 section #acha7;a7 :i* is own$ m ?an #ej p]c5t by agricultural produc]s or by entities own$ by agricultural produc]s4 ,= ?is purpose an entity own$ by an agricultural produc] is "o t is m ?an #ej p]c5t own$ by agricultural produc]s4 7#g7 ,increase 9 cr$it 9 c]ta9 cases 7,a7 ,nasc5t clean en]gy te*nology 7i7 ,9 g5]al ,9 ! case ( any qualifi$ facility :i* g5]ates electricity us+ a nasc5t clean en]gy te*nology1 = purposes ( det]m9+ ! am\nt ( ! cr$it "u subsection 7a7 ) respect to any electricity produc$ by ! taxpay] at su* facility us+ su* te*nology dur+ ! taxable ye>1 ! am\nt "u p>agraph 7#a7 ( su* subsection %all be increas$ by an am\nt equal to #aj p]c5t ( ! am\nt o!rwise 9 effect "u su* p>agraph 7)\t application ( subp>agraph 7,b7 or 7,c774 7ii7 ,def9ition ,= purposes ( ?is subp>agraph1 ! t]m nasc5t clean en]gy te*nology means any te*nology or me?od us$ = ! production ( electricity :i*1 9 ! cal5d> ye> prec$+ ! cal5d> ye> 9 :i* con/ruction ( ! qualifi$ facility began1 a*iev$ a m>ket p5etration level ( less ?an #c p]c5t4 7iii7 ,m>ket p5etration level ,= purposes ( ?is subp>agraph1 ! t]m m>ket p5etration level means1 ) respect to any cal5d> ye>1 ! am\nt equal to ! great] (-- 7,i7 ! am\nt 7express$ z a p]c5tage7 equal to ! quoti5t (-- 7aa7 ! sum ( all electricity produc$ 7express$ 9 t]awatt h\rs7 f ! te*nology or me?od us$ = ! production ( electricity by all electricity g5]at+ facilities 9 ! ,unit$ ,/ates dur+ su* cal5d> ye> 7z det]m9$ by ! ,secret>y on ! basis ( data report$ by ! ,en]gy ,in=mation ,adm9i/ration71 divid$ by 7bb7 ! total dome/ic p[] sector electricity production 7express$ 9 t]awatt h\rs7 = su* cal5d> ye>1 or 7,,ii7 ! am\nt det]m9$ "u ?is clause = ! prec$+ cal5d> ye> ) respect to su* te*nology or me?od4 7,b7 ,en]gy communities 7i7 ,9 g5]al ,9 ! case ( any qualifi$ facility :i* is locat$ 9 an en]gy community1 = purposes ( det]m9+ ! am\nt ( ! cr$it "u subsection 7a7 ) respect to any electricity produc$ by ! taxpay] at su* facility dur+ ! taxable ye>1 ! am\nt "u p>agraph 7#a7 ( su* subsection %all be increas$ by an am\nt equal to #aj p]c5t ( ! am\nt o!rwise 9 effect "u su* p>agraph 7)\t application ( subp>agraph 7,a7 or 7,c774 7ii7 ,en]gy community ,= purposes ( ?is subp>agraph1 ! t]m en]gy community means a c5sus tract-- 7,i7 9 :i*-- 7aa7 = ! cal5d> ye> 9 :i* con/ruction ( ! qualifi$ facility began-- 7,,aa7 n less ?an #e p]c5t ( ! employm5t 9 su* tract is )9 ! oil & gas sector1 or 7,,bb7 an indu/rial facility is locat$ :i* is m&at$ to report emissions ( gre5h\se gases "u ! ,gre5h\se ,gas ,report+ ,program e/abli%$ "u "p #ih ( title #dj1 ,code ( ,f$]al ,regulations1 7bb7 aft] ,decemb] #ca1 #aiii1 a coal m9e has clos$1 or 7cc7 aft] ,decemb] #ca1 #bjji1 a coal-fir$ electric g5]at+ unit has be5 retir$1 or 7,,ii7 :i* is imm$iately adjac5t to any c5sus tract describ$ 9 subclause 7,i74 7,c7 ,dome/ic cont5t 7i7 ,9 g5]al ,9 ! case ( any qualifi$ facility :i* satisfies ! requirem5t "u clause 7ii77,i71 = purposes ( det]m9+ ! am\nt ( ! cr$it "u subsection 7a7 ) respect to any electricity produc$ by ! taxpay] at su* facility dur+ ! taxable ye>1 ! am\nt "u p>agraph 7#a7 ( su* subsection %all be increas$ by an am\nt equal to #aj p]c5t ( ! am\nt o!rwise 9 effect "u su* p>agraph 7)\t application ( subp>agraph 7,a7 or 7,b774 7ii7 ,requirem5t 7,i7 ,9 g5]al ,subject to clause 7iii71 ! requirem5t describ$ 9 ?is subclause ) respect to any qualifi$ facility is t1 prior to ! end ( ! taxable ye> 9 :i* su* facility is plac$ 9 s]vice1 ! taxpay] %all c]tify to ! ,secret>y t1 any /eel1 iron1 or manufactur$ product us$ 9 ! con/ruction ( su* facility 0 produc$ 9 ! ,unit$ ,/ates4 7,,ii7 ,/eel & iron ,9 ! case ( /eel or iron1 subclause 7,i7 %all be appli$ 9 a mann] consi/5t ) section #ffa4e7;b7 ( title #di1 ,code ( ,f$]al ,regulations4 7,,iii7 ,manufactur$ product ,= purposes ( subclause 7,i71 a manufactur$ product %all be deem$ to h be5 manufactur$ 9 ! ,unit$ ,/ates if n less ?an #ee p]c5t ( ! total co/ ( ! compon5ts ( su* product is attributable to compon5ts :i* are m9$1 produc$1 or manufactur$ 9 ! ,unit$ ,/ates4 7iii7 ,int]national agreem5ts ,?is subp>agraph %all be appli$ 9 a mann] :i* is consi/5t ) ! obligations ( ! ,unit$ ,/ates "u int]national agreem5ts4 7#h7 ,cr$it r$uc$ = grants1 tax-exempt bonds1 subsidiz$ en]gy f9anc+1 & o!r cr$its ,rules simil> to ! rules "u section #de7;b77#c7 %all apply = purposes ( ?is section4 7h7 ,election = direct paym5t 7#a7 ,9 g5]al ,! applicable p]c5tage ( ! am\nt ( any cr$it det]m9$ "u subsection 7a7 ) respect to any qualifi$ facility = any taxable ye> dur+ ! p]iod describ$ 9 subsection 7b77#a77;,b7 %all1 at ! election ( ! taxpay]1 be treat$ z a paym5t equal to su* am\nt :i* is made by ! taxpay] aga9/ ! tax impos$ by *apt] #a = su* taxable ye>4 7#b7 ,=m & effect ( election 7,a7 ,9 g5]al ,an election "u p>agraph 7#a7 %all be made prior to ! date on :i* ! qualifi$ facility is plac$ 9 s]vice & 9 su* mann] z ! ,secret>y may prescribe4 ,su* election1 once made1 %all-- 7i7 be irrevocable ) respect to su* qualifi$ facility = ! p]iod describ$ 9 subsection 7b77#a77;,b71 & 7ii7 = any taxable ye> dur+ su* p]iod1 r$uce ! am\nt ( ! cr$it :i* w\ld 7b = ?is subsection7 be all[able "u ?is section ) respect to su* qualifi$ facility = su* taxable ye> to z]o4 7,b7 ,additional in=mation ,= purposes ( an election "u p>agraph 7#a71 ! ,secret>y may require su* in=mation z ! ,secret>y deems necess>y = purposes ( prev5t+ duplication1 fraud1 or any improp] paym5ts "u ?is subsection4 7#c7 ,application to p>tn]%ips & ,s corporations ,9 ! case ( a p>tn]%ip or ,s corporation :i* makes an election "u p>agraph 7#a7-- 7,a7 su* p>agraph %all apply ) respect to su* p>tn]%ip or corporation )\t reg>d to ! fact t no tax is impos$ by *apt] #a on su* p>tn]%ip or corporation1 & 7,b7 7i7 9 ! case ( a p>tn]%ip1 ea* p>tn]'s di/ributive %>e ( ! cr$it det]m9$ "u subsection 7a7 ) respect to ! qualifi$ facility %all be deem$ to be z]o1 & 7ii7 9 ! case ( a ,s corporation1 ea* %>ehold]'s pro rata %>e ( ! cr$it det]m9$ "u subsection 7a7 ) respect to ! qualifi$ facility %all be deem$ to be z]o4 7#d7 ,c]ta9 entities treat$ z taxpay]s ,9 ! case ( an election "u ?is subsection-- 7,a7 any ,/ate utility ) a s]vice obligation1 z su* t]ms are def9$ 9 section #bag ( ! ,f$]al ,p[] ,act 7z 9 effect on ! date ( ! enactm5t ( ?is subsection71 7,b7 any mutual or coop]ative electric company describ$ 9 section #eja7;c77#ab7 or section #acha7;a77#b77;,c71 or 7,c7 an ,indian tribal gov]nm5t 7z def9$ 9 section #aci;,e7c77#a771 %all be treat$ z a taxpay] = purposes ( ?is subsection & det]m9+ ! am\nt ( any cr$it "u subsection 7a74 7#e7 ,excess paym5t 7,a7 ,9 g5]al ,9 ! case ( any paym5t made to a taxpay] "u ?is subsection :i* ! ,secret>y det]m9es con/itutes an excessive paym5t1 ! tax impos$ on su* taxpay] by *apt] #a = ! taxable ye> 9 :i* su* det]m9ation is made %all be increas$ by an am\nt equal to ! sum (-- 7i7 ! am\nt ( ! excessive paym5t1 plus 7ii7 an am\nt equal to #bj p]c5t ( ! excessive paym5t4 7,b7 ,reasonable cause ,subp>agraph 7,a77ii7 %all n apply if ! taxpay] demon/rates to ! satisfaction ( ! ,secret>y t ! excessive paym5t result$ f reasonable cause4 7,c7 ,def9ition ,= purposes ( ?is p>agraph1 ! t]m excessive paym5t means1 ) respect to a qualifi$ facility = any taxable ye>1 an am\nt equal to ! excess (-- 7i7 ! am\nt ( ! paym5t made to ! taxpay] "u ?is subsection ) respect to su* facility = su* taxable ye>1 ov] 7ii7 ! am\nt ( ! cr$it :i* 7)\t application ( ?is subsection7 is o!rwise all[able "u ?is section ) respect to su* facility = su* taxable ye>4 7#f7 ,applicable p]c5tage ,= purposes ( p>agraph 7#a7-- 7,a7 ,9 g5]al ,9 ! case ( any qualifi$ facility :i* satisfies ! requirem5ts "u subsection 7g77#g77;,c77ii7 ) respect to ! con/ruction ( su* facility1 ! applicable p]c5tage %all be #ajj p]c5t4 7,b7 ,phas$ dome/ic cont5t requirem5t ,subject to subp>agraph 7,c71 9 ! case ( any qualifi$ facility :i* fails to satisfy ! requirem5ts "u su* subsection ) respect to ! con/ruction ( su* facility1 ! applicable p]c5tage %all be-- 7i7 if con/ruction ( su* facility began be=e ,janu>y #a1 #bjbd1 #ajj p]c5t1 7ii7 if con/ruction ( su* facility began 9 cal5d> ye> #bjbd1 #ij p]c5t1 7iii7 if con/ruction ( su* facility began 9 cal5d> ye> #bjbe1 #he p]c5t1 & 7iv7 if con/ruction ( su* facility began aft] ,decemb] #ca1 #bjbe1 #j p]c5t4 7,c7 ,exception ,if ! ,secret>y det]m9es t1 = purposes ( application ( ! requirem5ts "u subsection 7g77#g77;,c77ii7 ) respect to ! con/ruction ( ! qualifi$ facility-- 7i7 _! application w\ld be inconsi/5t ) ! public int]e/1 7ii7 su* mat]ials & products are n produc$ 9 ! ,unit$ ,/ates 9 suffici5t & reasonably available quantities & ( a satisfactory quality1 or 7iii7 inclusion ( dome/ic mat]ial w increase ! co/ ( ! con/ruction ( ! qualifi$ facility by m ?an #be p]c5t1 ! applicable p]c5tage %all be #ajj p]c5t4 4 7b7 ,con=m+ am5dm5ts 7#a7 ,section #ch7;b7 is am5d$-- 7,a7 9 p>agraph 7#cb71 by /rik+ plus at ! end1 7,b7 9 p>agraph 7#cc71 by /rik+ ! p]iod at ! end & ins]t+ 1 plus1 & 7,c7 by add+ at ! end ! foll[+ new p>agraph3 7#cd7 ! clean electricity production cr$it det]m9$ "u section #de,u7a74 4 7#b7 ,! table ( sections = subp>t ,d ( "p ,,iv ( sub*apt] ,a ( *apt] #a is am5d$ by add+ at ! end ! foll[+ new item3 ,sec4 #de,u4 ,clean electricity production cr$it4 4 7c7 ,effective date ,! am5dm5ts made by ?is section %all apply to facilities plac$ 9 s]vice aft] ,decemb] #ca1 #bjbb4 #ajb4 ,clean electricity inve/m5t cr$it 7a7 ,bus9ess cr$it 7#a7 ,9 g5]al ,subp>t ,e ( "p ,,iv ( sub*apt] ,a ( *apt] #a is am5d$ by ins]t+ aft] section #dh;,c ! foll[+ new section3 #dh;,d4 ,clean electricity inve/m5t cr$it 7a7 ,inve/m5t cr$it = qualifi$ prop]ty 7#a7 ,9 g5]al ,= purposes ( section #df1 ! clean electricity inve/m5t cr$it = any taxable ye> is-- 7,a7 except z provid$ 9 subp>agraph 7,b71 an am\nt equal to #cj p]c5t ( ! qualifi$ inve/m5t = su* taxable ye> ) respect to-- 7i7 any qualifi$ facility1 & 7ii7 any grid improvem5t prop]ty1 & 7,b7 9 ! case ( a qualifi$ facility :i* is a microgrid1 an am\nt equal to ! product (-- 7i7 #cj p]c5t ( ! qualifi$ inve/m5t = su* taxable ye> ) respect to su* microgrid1 & 7ii7 ! relative avoid$ emissions rate ) respect to su* microgrid 7z det]m9$ "u subsection 7b77#c77;,c77iv774 7#b7 ,increase 9 cr$it rate 9 c]ta9 cases 7,a7 ,disadvantag$ & en]gy communities 7i7 ,9 g5]al ,9 ! case (-- 7,i7 any en]gy /orage prop]ty or any qualifi$ inve/m5t ) respect to a qualifi$ facility 7) ! exception ( any su* facility describ$ 9 section #de,u7b77#b77;,b77-- 7aa7 :i* is plac$ 9 s]vice )9 a disadvantag$ community or an en]gy community 7z def9$ 9 section #de,u7g77#g77;,b77ii771 & 7bb7 has a maximum net output ( less ?an #e megawatts1 or 7,,ii7 any qualifi$ prop]ty :i* is n describ$ 9 subclause 7,i7 & is plac$ 9 s]vice )9 an en]gy community1 = purposes apply+ p>agraph 7#a7 ) respect to su* prop]ty or inve/m5t1 ! p]c5tage "u subp>agraph 7,a7 ( su* p>agraph 7or1 9 ! case ( a microgrid1 subp>agraph 7,b77i7 ( su* p>agraph71 %all be increas$ by #aj p]c5tage po9ts4 7ii7 ,disadvantag$ community ,= purposes ( ?is subp>agraph1 ! t]m disadvantag$ community has ! same mean+ giv5 ! t]m l[-income community 9 section #de;,d7e77#a71 z appli$ by sub/itut+ #fj p]c5t = #hj p]c5t ea* place x appe>s 9 subp>agraph 7,b7 !re(4 7,b7 ,nasc5t clean en]gy te*nology ,9 ! case ( any qualifi$ facility :i* g5]ates electricity us+ a nasc5t clean en]gy te*nology 7z def9$ 9 section #de,u7g77#g77;,a77ii771 = purposes apply+ p>agraph 7#a7 ) respect to any qualifi$ inve/m5t ) respect to su* facility1 ! p]c5tage "u subp>agraph 7,a7 ( su* p>agraph 7or1 9 ! case ( a microgrid1 subp>agraph 7,b77i7 ( su* p>agraph71 %all be increas$ by #aj p]c5tage po9ts4 7,c7 ,dome/ic cont5t 7i7 ,9 g5]al ,9 ! case ( any qualifi$ inve/m5t ) respect to a qualifi$ facility or ) respect to grid improvem5t prop]ty :i* satisfies ! requirem5t "u clause 7ii77,i71 = purposes ( apply+ p>agraph 7#a7 ) respect to su* qualifi$ inve/m5t1 ! p]c5tage "u subp>agraph 7,a7 ( su* p>agraph 7or1 9 ! case ( a qualifi$ inve/m5t ) respect to a microgrid1 subp>agraph 7,b77i7 ( su* p>agraph71 %all be increas$ by #aj p]c5tage po9ts4 7ii7 ,requirem5ts 7,i7 ,9 g5]al ,! requirem5t describ$ 9 ?is subclause ) respect to any qualifi$ inve/m5t ) respect to a qualifi$ facility or ) respect to grid improvem5t prop]ty is satisfi$ if ! taxpay] c]tifies to ! ,secret>y t-- 7aa7 9 ! case ( a qualifi$ inve/m5t ) respect to a qualifi$ facility1 any prop]ty us$ at su* facility is compos$ ( /eel1 iron1 or manufactur$ products :i* 7 produc$ 9 ! ,unit$ ,/ates1 & 7bb7 9 ! case ( a qualifi$ inve/m5t ) respect to any grid improvem5t prop]ty1 su* prop]ty is compos$ ( /eel1 iron1 or manufactur$ products :i* 7 produc$ 9 ! ,unit$ ,/ates4 7,,ii7 ,/eel & iron ,9 ! case ( /eel or iron1 subclause 7,i7 %all be appli$ 9 a mann] consi/5t ) section #ffa4e7;b7 ( title #di1 ,code ( ,f$]al ,regulations4 7,,iii7 ,manufactur$ product ,= purposes ( subclause 7,i71 a manufactur$ product %all be deem$ to h be5 manufactur$ 9 ! ,unit$ ,/ates if n less ?an #ee p]c5t ( ! total co/ ( ! compon5ts ( su* product is attributable to compon5ts :i* are m9$1 produc$1 or manufactur$ 9 ! ,unit$ ,/ates4 7iii7 ,int]national agreem5ts ,?is subp>agraph %all be appli$ 9 a mann] :i* is consi/5t ) ! obligations ( ! ,unit$ ,/ates "u int]national agreem5ts4 7,d7 ,maximum cr$it rate ,not)/&+ any adju/m5t or increase pursuant to ?is p>agraph1 ! p]c5tage "u subp>agraph 7,a7 or 7,b77i7 ( p>agraph 7#a7 %all n exce$ #ej p]c5t4 7b7 ,qualifi$ inve/m5t ) respect to any qualifi$ facility 7#a7 ,9 g5]al ,= purposes ( subsection 7a71 ! qualifi$ inve/m5t ) respect to any qualifi$ facility = any taxable ye> is ! sum (-- 7,a7 ! basis ( any qualifi$ prop]ty plac$ 9 s]vice by ! taxpay] dur+ su* taxable ye> :i* is "p ( a qualifi$ facility1 plus 7,b7 ! am\nt ( any exp5ditures :i* are-- 7i7 paid or incurr$ by ! taxpay] = qualifi$ int]connection prop]ty-- 7,i7 9 connection ) a qualifi$ facility :i* has a maximum net output ( n great] ?an #e megawatts1 & 7,,ii7 plac$ 9 s]vice dur+ ! taxable ye> ( ! taxpay]1 & 7ii7 prop]ly *>geable to capital acc\nt ( ! taxpay]4 7#b7 ,qualifi$ prop]ty ,! t]m qualifi$ prop]ty means prop]ty-- 7,a7 :i* is-- 7i7 tangible p]sonal prop]ty1 or 7ii7 o!r tangible prop]ty 7n includ+ a build+ or its /ructural compon5ts71 b only if su* prop]ty is us$ z an integral "p ( ! qualifi$ facility1 7,b7 ) respect to :i* depreciation 7or amortization 9 lieu ( depreciation7 is all[able1 & 7,c7 7i7 ! con/ruction1 recon/ruction1 or erection ( :i* is complet$ by ! taxpay]1 or 7ii7 :i* is acquir$ by ! taxpay] if ! orig9al use ( su* prop]ty comm5ces ) ! taxpay]4 7#c7 ,qualifi$ facility 7,a7 ,9 g5]al ,= purposes ( ?is section1 ! t]m qualifi$ facility means a facility-- 7i7 :i* is us$ = ! g5]ation ( electricity1 7ii7 :i* is orig9ally plac$ 9 s]vice aft] ,decemb] #ca1 #bjbb1 7iii7 = :i* ! anticipat$ gre5h\se gas emissions rate 7z det]m9$ "u subp>agraph 7,b77ii77 is n great] ?an z]o1 & 7iv7 9 ! case ( any facility ) a maximum net output equal to or great] ?an #a megawatt1 :i*-- 7,i7 satisfies ! requirem5ts ( subp>agraph 7,b77iii71 & 7,,ii7 ) respect to ! con/ruction ( su* facility1 satisfies ! requirem5ts "u section #eja ( ! ,clean ,en]gy = ,am]ica ,act4 7,b7 ,additional rules 7i7 ,expansion ( facility2 increm5tal production ,rules simil> to ! rules ( section #de,u7b77#a77;,c7 %all apply = purposes ( ?is p>agraph4 7ii7 ,gre5h\se gas emissions rate ,rules simil> to ! rules ( section #de,u7b77#b7 %all apply = purposes ( ?is p>agraph4 7iii7 ,wage requirem5ts 7,i7 ,9 g5]al ,! requirem5ts describ$ 9 ?is subclause ) respect to any facility are t ! taxpay] %all ensure t any labor]s & me*anics employ$ by contractors & subcontractors 9-- 7aa7 ! con/ruction ( su* facility1 or 7bb7 = any ye> dur+ ! #e-ye> p]iod beg9n+ on ! date ! facility is orig9ally plac$ 9 s]vice1 ! alt]ation or repair ( su* facility1 %all be paid wages at rates n less ?an ! prevail+ rates = con/ruction1 alt]ation1 or repair ( a simil> "* 9 ! locality z det]m9$ by ! ,secret>y ( ,labor1 9 accordance ) sub*apt] ,,iv ( *apt] #ca ( title #dj1 ,unit$ ,/ates ,code4 7,,ii7 ,correction & p5alty relat$ to failure to satisfy wage requirem5ts ,= purposes ( section #ej7;a71 a taxpay] %all n be treat$ z fail+ to satisfy ! requirem5ts ( ?is clause if su* taxpay] meets requirem5ts simil> to ! requirem5ts ( section #de,u7b77#c77;,b77ii74 7,c7 ,microgrids 7i7 ,9 g5]al ,= purposes ( ?is section1 ! t]m qualifi$ facility %all include any microgrid :i* satisfies ! requirem5ts "u clauses 7i71 7ii71 & 7iv7 ( subp>agraph 7,a74 7ii7 ,microgrid ,= purposes ( ?is section1 ! t]m microgrid means an int]connect$ sy/em ( di/ribut$ en]gy res\rces us$ = ! g5]ation ( electricity :i*-- 7,i7 is conta9$ )9 a cle>ly def9$ electrical b\nd>y & has ! ability to op]ate z a s+le & controllable entity1 7,,ii7 has ! ability to be manag$ & isolat$ f ! applicable grid region 9 ord] to )/& l>g] di/urbances & ma9ta9 ! supply ( electricity to connect$ infra/ructure1 & 7,,iii7 has a maximum net output ( n great] ?an #bj megawatts4 7iii7 ,applicable grid region ,= purposes ( ?is subp>agraph1 ! t]m applicable grid region means a set ( p[] plants & transmission l9es :i* are-- 7,i7 "u ! control ( a s+le grid op]ator1 & 7,,ii7 int]connect$ to ! microgrid4 7iv7 ,relative avoid$ emissions rate 7,i7 ,9 g5]al ,= purposes ( subsection 7a77#a77;,b77ii71 ! relative avoid$ emissions rate %all be ! am\nt equal to ! quoti5t (-- 7aa7 ! am\nt equal to ! non-baseload output emissions rate = ! applicable grid region m9us ! gre5h\se gas emissions rate = ! microgrid1 divid$ by 7bb7 ! non-baseload output emissions rate = ! applicable grid region4 7,,ii7 ,non-baseload output emissions rate 7aa7 ,9 g5]al ,= purposes ( ?is subp>agraph1 ! t]m non-baseload output emissions rate means ! am\nt ( gre5h\se gases emitt$ into ! atmosph]e by ! applicable grid region = ! production ( electricity 7express$ z grams ( ,,co#b;e p] ,k,wh7 above baseload4 7bb7 ,det]m9ation ,! non-baseload output emissions rate = any applicable grid region %all be det]m9$ by ! ,adm9i/rator ( ! ,environm5tal ,protection ,ag5cy & ! ,secret>y4 7,d7 ,exclusion ,! t]m qualifi$ facility %all n include any facility = :i*-- 7i7 a r5ewable electricity production cr$it det]m9$ "u section #de1 7ii7 an advanc$ nucle> p[] facility production cr$it det]m9$ "u section #de;,j1 7iii7 a c>bon oxide seque/ration cr$it det]m9$ "u section #de,q1 7iv7 a clean electricity production cr$it det]m9$ "u section #de,u1 or 7v7 an en]gy cr$it det]m9$ "u section #dh1 is all[$ "u section #ch = ! taxable ye> or any prior taxable ye>4 7#d7 ,qualifi$ int]connection prop]ty ,= purposes ( ?is p>agraph-- 7,a7 ,9 g5]al ,! t]m qualifi$ int]connection prop]ty means1 ) respect to a qualifi$ facility :i* is n a microgrid1 any tangible prop]ty-- 7i7 :i* is "p ( an addition1 modification1 or upgrade to a transmission sy/em :i* is requir$ at or beyond ! po9t at :i* ! qualifi$ facility int]connects to su* transmission sy/em 9 ord] to accommodate su* int]connection1 7ii7 7,i7 :i* is con/ruct$1 recon/ruct$1 or erect$ by ! taxpay]1 or 7,,ii7 = :i* ! co/ ) respect to ! con/ruction1 recon/ruction1 or erection ( su* prop]ty is paid or incurr$ by su* taxpay]1 & 7iii7 ! orig9al use ( :i*1 pursuant to an int]connection agreem5t1 comm5ces ) ! utility4 7,b7 ,int]connection agreem5t ,! t]m int]connection agreem5t means an agreem5t ent]$ into by a utility & ! taxpay] = ! purposes ( int]connect+ ! qualifi$ facility own$ by su* taxpay] to ! transmission sy/em ( su* utility4 7,c7 ,transmission sy/em ,! t]m transmission sy/em means ! facilities own$1 controll$1 or op]at$ by a utility :i* are us$ to provide electric transmission s]vice4 7,d7 ,utility ,! t]m utility means ! own] or op]ator ( an electrical transmission or di/ribution sy/em :i* is subject to ! regulatory au?ority (-- 7i7 ! ,f$]al ,en]gy ,regulatory ,commission1 or 7ii7 a ,/ate public utility commission or o!r appropriate ,/ate ag5cy4 7#e7 ,coord9ation ) rehabilitation cr$it ,! qualifi$ inve/m5t ) respect to any qualifi$ facility = any taxable ye> %all n include t portion ( ! basis ( any prop]ty :i* is attributable to qualifi$ rehabilitation exp5ditures 7z def9$ 9 section #dg7;c77#b774 7#f7 ,def9itions ,= purposes ( ?is subsection1 ! t]ms ,,co#b;e p] ,k,wh & gre5h\se gas emissions rate h ! same mean+ giv5 su* t]ms "u section #de,u7b74 7c7 ,qualifi$ inve/m5t ) respect to grid improvem5t prop]ty 7#a7 ,9 g5]al 7,a7 ,qualifi$ inve/m5t ,= purposes ( subsection 7a71 ! qualifi$ inve/m5t ) respect to grid improvem5t prop]ty = any taxable ye> is ! basis ( any grid improvem5t prop]ty plac$ 9 s]vice by ! taxpay] dur+ su* taxable ye>4 7,b7 ,grid improvem5t prop]ty ,= purposes ( ?is section1 ! t]m grid improvem5t prop]ty means any en]gy /orage prop]ty or qualifi$ transmission prop]ty :i*-- 7i7 satisfies ! requirem5ts ( p>agraph 7#d71 & 7ii7 ) respect to ! con/ruction ( su* prop]ty1 satisfies ! requirem5ts "u section #eja ( ! ,clean ,en]gy = ,am]ica ,act4 7#b7 ,en]gy /orage prop]ty ,= purposes ( ?is subsection1 ! t]m en]gy /orage prop]ty means prop]ty-- 7,a7 :i* receives1 /ores1 & deliv]s electricity1 or en]gy = conv]sion to electricity1 provid$ t su* electricity is-- 7i7 sold by ! taxpay] to an unrelat$ p]son1 or 7ii7 /or$ by ! taxpay] = an unrelat$ p]son1 7,b7 ) respect to :i* depreciation 7or amortization 9 lieu ( depreciation7 is all[able1 7,c7 7i7 ! con/ruction1 recon/ruction1 or erection ( :i* is complet$ by ! taxpay]1 or 7ii7 :i* is acquir$ by ! taxpay] if ! orig9al use ( su* prop]ty comm5ces ) ! taxpay]1 7,d7 :i* has a capacity ( n less ?an #e kil[att h\rs1 & 7,e7 :i* is plac$ 9 s]vice aft] ,decemb] #ca1 #bjba4 7#c7 ,qualifi$ transmission prop]ty 7,a7 ,9 g5]al ,= purposes ( ?is subsection1 ! t]m qualifi$ transmission prop]ty means prop]ty-- 7i7 :i* is-- 7,i7 an ov]head1 subm>9e1 or und]gr\nd transmission prop]ty :i* is capable ( transmitt+ electricity at a voltage ( n less ?an #bge kilovolts1 & 7,,ii7 o!r equipm5t necess>y = ! op]ation ( prop]ty describ$ 9 clause 7i71 includ+ equipm5t li/$ z transmission plant 9 ! ,uni=m ,sy/em ( ,acc\nts = ! ,f$]al ,en]gy ,regulatory ,commission "u "p #aja ( sub*apt] ,c ( *apt] ,i ( title #ah1 ,code ( ,f$]al ,regulations1 7ii7 :i* satisfies ! requirem5ts "u subp>agraphs 7,b71 7,c71 & 7,e7 ( p>agraph 7#b74 7,b7 ,exclusion ,! t]m qualifi$ transmission prop]ty %all n include any prop]ty us$ = di/ribution ( electricity betwe5 sub/ations & end-use cu/om]s4 7#d7 ,wage requirem5ts 7,a7 ,9 g5]al ,! requirem5ts describ$ 9 ?is subp>agraph ) respect to any prop]ty are t ! taxpay] %all ensure t any labor]s & me*anics employ$ by contractors & subcontractors 9-- 7i7 ! con/ruction ( su* prop]ty1 or 7ii7 = any ye> dur+ ! #e-ye> p]iod beg9n+ on ! date ! prop]ty is orig9ally plac$ 9 s]vice1 ! alt]ation or repair ( su* prop]ty1 %all be paid wages at rates n less ?an ! prevail+ rates = con/ruction1 alt]ation1 or repair ( a simil> "* 9 ! locality z det]m9$ by ! ,secret>y ( ,labor1 9 accordance ) sub*apt] ,,iv ( *apt] #ca ( title #dj1 ,unit$ ,/ates ,code4 7,b7 ,correction & p5alty relat$ to failure to satisfy wage requirem5ts ,= purposes ( section #ej7;a71 a taxpay] %all n be treat$ z fail+ to satisfy ! requirem5ts ( ?is clause if su* taxpay] meets requirem5ts simil> to ! requirem5ts ( section #de,u7b77#c77;,b77ii74 7d7 ,special rules 7#a7 ,c]ta9 progress exp5diture rules made applicable ,rules simil> to ! rules ( subsections 7c77#d7 & 7d7 ( section #df 7z 9 effect on ! day be=e ! date ( ! enactm5t ( ! ,rev5ue ,reconciliation ,act ( #aiij7 %all apply = purposes ( subsection 7a74 7#b7 ,special rule = prop]ty f9anc$ by subsidiz$ en]gy f9anc+ or indu/rial developm5t bonds ,rules simil> to ! rules ( section #dh7;a77#d7 %all apply = purposes ( ?is section4 7e7 ,cr$it phase-,out 7#a7 ,9 g5]al ,if ! ,secret>y1 ! ,secret>y ( ,en]gy1 & ! ,adm9i/rator ( ! ,environm5tal ,protection ,ag5cy det]m9e t ! annual gre5h\se gas emissions f ! production ( electricity 9 ! ,unit$ ,/ates are equal to or less ?an #be p]c5t ( ! annual gre5h\se gas emissions f ! production ( electricity 9 ! ,unit$ ,/ates = cal5d> ye> #bjba1 ! am\nt ( ! clean electricity inve/m5t cr$it "u subsection 7a7 = any qualifi$ inve/m5t ) respect to any qualifi$ facility or grid improvem5t prop]ty ! con/ruction ( :i* beg9s dur+ a cal5d> ye> describ$ 9 p>agraph 7#b7 %all be equal to ! product (-- 7,a7 ! am\nt ( ! cr$it det]m9$ "u subsection 7a7 )\t reg>d to ?is subsection1 multipli$ by 7,b7 ! phase-out p]c5tage "u p>agraph 7#b74 7#b7 ,phase-out p]c5tage ,! phase-out p]c5tage "u ?is p>agraph is equal to-- 7,a7 = any qualifi$ inve/m5t ) respect to any qualifi$ facility or grid improvem5t prop]ty ! con/ruction ( :i* beg9s dur+ ! fir/ cal5d> ye> foll[+ ! cal5d> ye> 9 :i* ! det]m9ation describ$ 9 p>agraph 7#a7 is made1 #ajj p]c5t1 7,b7 = any qualifi$ inve/m5t ) respect to any qualifi$ facility or grid improvem5t prop]ty ! con/ruction ( :i* beg9s dur+ ! second cal5d> ye> foll[+ su* det]m9ation ye>1 #ge p]c5t1 7,c7 = any qualifi$ inve/m5t ) respect to any qualifi$ facility or grid improvem5t prop]ty ! con/ruction ( :i* beg9s dur+ ! ?ird cal5d> ye> foll[+ su* det]m9ation ye>1 #ej p]c5t1 & 7,d7 = any qualifi$ inve/m5t ) respect to any qualifi$ facility or grid improvem5t prop]ty ! con/ruction ( :i* beg9s dur+ any cal5d> ye> subsequ5t to ! ye> describ$ 9 subp>agraph 7,c71 #j p]c5t4 7f7 ,gre5h\se gas ,9 ?is section1 ! t]m gre5h\se gas has ! same mean+ giv5 su* t]m "u section #de,u7e77#b74 7g7 ,recapture ( cr$it ,= purposes ( section #ej1 if ! ,secret>y & ! ,adm9i/rator ( ! ,environm5tal ,protection ,ag5cy det]m9e t ! gre5h\se gas emissions rate = a qualifi$ facility is significantly high] ?an ! anticipat$ gre5h\se gas emissions rate claim$ by ! taxpay] = purposes ( ! clean electricity inve/m5t cr$it "u ?is section1 ! facility or equipm5t %all cease to be inve/m5t cr$it prop]ty 9 ! taxable ye> 9 :i* ! det]m9ation is made4 7h7 ,f9al guidance ,n lat] ?an ,janu>y #a1 #bjbc1 ! ,secret>y & ! ,adm9i/rator ( ! ,environm5tal ,protection ,ag5cy %all issue f9al guidance reg>d+ implem5tation ( ?is section4 7i7 ,election = direct paym5t 7#a7 ,9 g5]al ,9 ! case ( any qualifi$ prop]ty or grid improvem5t prop]ty plac$ 9 s]vice dur+ any taxable ye>1 ! applicable p]c5tage ( ! am\nt ( any cr$it det]m9$ "u subsection 7a7 ) respect to su* prop]ty = su* taxable ye> %all1 at ! election ( ! taxpay]1 be treat$ z a paym5t equal to su* am\nt :i* is made by ! taxpay] aga9/ ! tax impos$ by *apt] #a = su* taxable ye> 7reg>dless ( :e!r su* tax w\ld h be5 on su* taxpay]74 7#b7 ,=m & effect ( election 7,a7 ,9 g5]al ,an election "u p>agraph 7#a7 %all be made prior to ! date on :i* ! qualifi$ prop]ty or grid improvem5t prop]ty is plac$ 9 s]vice & 9 su* mann] z ! ,secret>y may prescribe4 ,su* election1 once made1 %all-- 7i7 be irrevocable ) respect to ! qualifi$ prop]ty or grid improvem5t prop]ty to :i* su* election applies1 & 7ii7 r$uce ! am\nt ( ! cr$it :i* w\ld 7b = ?is subsection7 be all[able "u ?is section ) respect to su* prop]ty = ! taxable ye> 9 :i* su* prop]ty is plac$ 9 s]vice to z]o4 7,b7 ,additional in=mation ,= purposes ( an election "u p>agraph 7#a71 ! ,secret>y may require su* in=mation z ! ,secret>y deems necess>y = purposes ( prev5t+ duplication1 fraud1 or any improp] paym5ts "u ?is subsection4 7#c7 ,application to p>tn]%ips & ,s corporations2 excess paym5ts ,rules simil> to ! rules ( p>agraphs 7#c7 & 7#e7 ( section #de,u7h7 %all apply = purposes ( ?is subsection4 7#d7 ,special rules = c]ta9 entities 7,a7 ,eligibility ( c]ta9 prop]ty ,= purposes ( ?is subsection1 p>agraphs 7#c7 & 7#d7 ( section #ej7;b7 %all n apply ) respect to-- 7i7 any ,/ate utility ) a s]vice obligation1 z su* t]ms are def9$ 9 section #bag ( ! ,f$]al ,p[] ,act 7z 9 effect on ! date ( ! enactm5t ( ?is subsection71 7ii7 any mutual or coop]ative electric company describ$ 9 section #eja7;c77#ab7 or section #acha7;a77#b77;,c71 or 7iii7 an ,indian tribal gov]nm5t 7z def9$ 9 section #aci;,e7c77#a774 7,b7 ,c]ta9 entities treat$ z taxpay]s ,9 ! case ( an election "u ?is subsection1 any entity describ$ 9 clause 7i71 7ii71 or 7iii7 ( subp>agraph 7,a7 %all be treat$ z a taxpay] = purposes ( ?is subsection & det]m9+ ! am\nt ( any cr$it "u subsection 7a74 7#e7 ,applicable p]c5tage ,= purposes ( p>agraph 7#a7-- 7,a7 ,9 g5]al ,9 ! case ( any prop]ty :i* satisfies ! requirem5ts "u subsection 7a77#b77;,c77ii7 ) respect to ! con/ruction ( su* prop]ty1 ! applicable p]c5tage %all be #ajj p]c5t4 7,b7 ,phas$ dome/ic cont5t requirem5t ,subject to subp>agraph 7,c71 9 ! case ( any prop]ty :i* fails to satisfy ! requirem5ts "u su* subsection ) respect to ! con/ruction ( su* prop]ty1 ! applicable p]c5tage %all be-- 7i7 if con/ruction ( su* prop]ty began be=e ,janu>y #a1 #bjbd1 #ajj p]c5t1 7ii7 if con/ruction ( su* prop]ty began 9 cal5d> ye> #bjbd1 #ij p]c5t1 7iii7 if con/ruction ( su* prop]ty began 9 cal5d> ye> #bjbe1 #he p]c5t1 & 7iv7 if con/ruction ( su* prop]ty began aft] ,decemb] #ca1 #bjbe1 #j p]c5t4 7,c7 ,exception ,if ! ,secret>y det]m9es t1 = purposes ( application ( ! requirem5ts "u subsection 7a77#b77;,c77ii7 ) respect to ! con/ruction ( su* prop]ty-- 7i7 _! application w\ld be inconsi/5t ) ! public int]e/1 7ii7 su* mat]ials & products are n produc$ 9 ! ,unit$ ,/ates 9 suffici5t & reasonably available quantities & ( a satisfactory quality1 or 7iii7 inclusion ( dome/ic mat]ial w increase ! co/ ( ! con/ruction ( ! prop]ty by m ?an #be p]c5t1 ! applicable p]c5tage %all be #ajj p]c5t4 4 7#b7 ,public utility prop]ty ,section #ej7;d7 is am5d$-- 7,a7 9 p>agraph 7#b7-- 7i7 by add+ aft] ! fir/ s5t5ce ! foll[+ new s5t5ce3 ,at ! election ( a taxpay]1 ?is p>agraph %all n apply to any grid improvem5t prop]ty 7z def9$ 9 section #dh;,d7c77#a77;,b771 provid$--1 & 7ii7 by add+ ! foll[+ new subp>agraphs3 7,a7 no election "u ?is p>agraph %all be p]mitt$ if ! mak+ ( su* election is prohibit$ by a ,/ate or political subdivision !re(1 by any ag5cy or in/rum5tality ( ! ,unit$ ,/ates1 or by a public s]vice or public utility commission or o!r simil> body ( any ,/ate or political subdivision t regulates public utilities z describ$ 9 section #ggja7;a77#cc77;,a71 7,b7 an election "u ?is p>agraph %all be made sep>ately ) respect to ea* grid improvem5t prop]ty by ! due date 7includ+ ext5sions7 ( ! ,f$]al tax return = ! taxable ye> 9 :i* su* prop]ty is plac$ 9 s]vice by ! taxpay]1 & once made1 may be revok$ only ) ! cons5t ( ! ,secret>y1 & 7,c7 an election %all n apply ) respect to any en]gy /orage prop]ty 7z def9$ 9 section #dh;,d7c77#b77 if su* prop]ty has a maximum capacity equal to or less ?an #ejj kil[att h\rs4 1 & 7,b7 by add+ at ! end ! foll[+3 ,p>agraphs 7#a77;,b7 & 7#b77;,b7 ( ! section #df7;e7 ref]r$ to 9 p>agraph 7#a7 ( ?is subsection %all n apply to any qualifi$ inve/m5t describ$ 9 section #dh;,d ( a real e/ate inve/m5t tru/4 7#c7 ,con=m+ am5dm5ts 7,a7 ,section #df is am5d$-- 7i7 by /rik+ 8&0 at ! end ( p>agraph 7#e71 7ii7 by /rik+ ! p]iod at ! end ( p>agraph 7#f7 & ins]t+ 81 &01 & 7iii7 by add+ at ! end ! foll[+ new p>agraph3 7#g7 ! clean electricity inve/m5t cr$it4 4 7,b7 ,section #di7;a77#a77;,c7 is am5d$-- 7i7 by /rik+ 8&0 at ! end ( clause 7iv71 7ii7 by /rik+ ! p]iod at ! end ( clause 7v7 & ins]t+ a comma1 & 7iii7 by add+ at ! end ! foll[+ new clauses3 7vi7 ! basis ( any qualifi$ prop]ty :i* is "p ( a qualifi$ facility "u section #dh;,d1 & 7vii7 ! basis ( any en]gy /orage prop]ty "u section #dh;,d4 4 7,c7 ,section #ej7;a77#b77;,e7 is am5d$ by /rik+ or #dh;,c7b77#b7 & ins]t+ #dh;,c7b77#b71 or #dh;,d7e74 7,d7 ,! table ( sections = subp>t ,e ( "p ,,iv ( sub*apt] ,a ( *apt] #a is am5d$ by ins]t+ aft] ! item relat+ to section #dh;,c ! foll[+ new item3 #dh;,d4 ,clean electricity inve/m5t cr$it4 4 7#d7 ,effective date ,! am5dm5ts made by ?is subsection %all apply to prop]ty plac$ 9 s]vice aft] ,decemb] #ca1 #bjba1 "u rules simil> to ! rules ( section #dh7m7 ( ! ,int]nal ,rev5ue ,code ( #aihf 7z 9 effect on ! day be=e ! date ( ! enactm5t ( ! ,rev5ue ,reconciliation ,act ( #aiij74 7b7 ,individual cr$it 7#a7 ,9 g5]al ,subp>t ,a ( "p ,,iv ( sub*apt] ,a ( *apt] #a is am5d$ by ins]t+ aft] section #be;,d ! foll[+3 #be;,e4 ,resid5tial clean electricity cr$it 7a7 ,all[ance ( cr$it ,9 ! case ( an individual1 !re %all be all[$ z a cr$it aga9/ ! tax impos$ by ?is *apt] = ! taxable ye> an am\nt equal to #cj p]c5t ( ! exp5ditures made by ! taxpay] = any qualifi$ prop]ty & any en]gy /orage prop]ty :i* is-- 7#a7 = use 9 connection ) a dwell+ unit :i* is locat$ 9 ! ,unit$ ,/ates & us$ z a resid5ce by ! taxpay]1 & 7#b7 plac$ 9 s]vice dur+ su* taxable ye>4 7b7 ,qualifi$ prop]ty 7#a7 ,9 g5]al ,! t]m qualifi$ prop]ty means prop]ty-- 7,a7 :i* is tangible p]sonal prop]ty1 7,b7 :i* is us$ = ! g5]ation ( electricity1 7,c7 :i* is con/ruct$1 recon/ruct$1 erect$1 or acquir$ by ! taxpay]1 7,d7 ! orig9al use ( :i* comm5ces ) ! taxpay]1 7,e7 :i* is orig9ally plac$ 9 s]vice aft] ,decemb] #ca1 #bjbb1 & 7,f7 = :i* ! anticipat$ gre5h\se gas emissions rate 7z det]m9$ "u p>agraph 7#b77 is n great] ?an z]o4 7#b7 ,e/abli%m5t ( emissions rates = qualifi$ prop]ty 7,a7 ,9 g5]al ,! ,secret>y & ! ,adm9i/rator ( ! ,environm5tal ,protection ,ag5cy1 %all e/abli% gre5h\se gas emissions rates = types or categories ( qualifi$ prop]ty :i* are = use 9 a dwell+ unit1 :i* a taxpay] %all use = purposes ( ?is section4 7,b7 ,publi%+ emissions rates ,! ,secret>y %all publi% a table t sets =? ! gre5h\se gas emissions rates = simil> types or categories ( qualifi$ prop]ty4 7c7 ,en]gy /orage prop]ty ,! t]m en]gy /orage prop]ty means prop]ty :i*-- 7#a7 receives1 /ores1 & deliv]s electricity or en]gy = conv]sion to electricity :i* is consum$ or sold by ! taxpay]1 7#b7 is equipp$ ) a met]+ device :i* is own$ & op]at$ by an unrelat$ p]son1 7#c7 has a capacity ( n less ?an #c kil[att h\rs1 & 7#d7 satisfies ! requirem5ts "u subp>agraphs 7,a71 7,c71 7,d71 & 7,e7 ( subsection 7b77#a74 7d7 ,c>ry=w>d ( unus$ cr$it 7#a7 ,9 g5]al ,if ! cr$it all[able "u subsection 7a7 exce$s ! applicable tax limit1 su* excess %all be c>ri$ to ea* ( ! #c succe$+ taxable ye>s & add$ to ! cr$it all[able "u subsection 7a7 = su* succe$+ taxable ye>4 7#b7 ,limitation ,! am\nt ( ! unus$ cr$it :i* may be tak5 into acc\nt "u p>agraph 7#a7 = any taxable ye> %all n exce$ ! am\nt 7if any7 by :i* ! applicable tax limit = su* taxable ye> exce$s ! sum (-- 7,a7 ! cr$it all[able "u subsection 7a7 = :i* su* taxable ye> det]m9$ )\t reg>d to ?is subsection1 & 7,b7 ! am\nts :i*1 by reason ( ?is subsection1 are c>ri$ to su* taxable ye> & are attributable to taxable ye>s be=e ! unus$ cr$it ye>4 7#c7 ,applicable tax limit ,= purposes ( ?is subsection1 ! t]m applicable tax limit means ! limitation impos$ by section #bf7;a7 = su* taxable ye> r$uc$ by ! sum ( ! cr$its all[able "u ?is subp>t 7o!r ?an ?is section74 7e7 ,cr$it phase-,out 7#a7 ,9 g5]al ,if ! ,secret>y1 ! ,secret>y ( ,en]gy1 & ! ,adm9i/rator ( ! ,environm5tal ,protection ,ag5cy det]m9e t ! annual gre5h\se gas emissions f ! production ( electricity 9 ! ,unit$ ,/ates are equal to or less ?an ! p]c5tage specifi$ 9 section #dh;,d7e71 ! am\nt ( ! cr$it all[able "u subsection 7a7 = any qualifi$ prop]ty or en]gy /orage prop]ty plac$ 9 s]vice dur+ a cal5d> ye> describ$ 9 p>agraph 7#b7 %all be equal to ! product (-- 7,a7 ! am\nt ( ! cr$it det]m9$ "u subsection 7a7 )\t reg>d to ?is subsection1 multipli$ by 7,b7 ! phase-out p]c5tage "u p>agraph 7#b74 7#b7 ,phase-out p]c5tage ,! phase-out p]c5tage "u ?is p>agraph is equal to-- 7,a7 = prop]ty plac$ 9 s]vice dur+ ! fir/ cal5d> ye> foll[+ ! cal5d> ye> 9 :i* ! det]m9ation describ$ 9 p>agraph 7#a7 is made1 #ajj p]c5t1 7,b7 = prop]ty plac$ 9 s]vice dur+ ! second cal5d> ye> foll[+ su* det]m9ation ye>1 #ge p]c5t1 7,c7 = prop]ty plac$ 9 s]vice dur+ ! ?ird cal5d> ye> foll[+ su* det]m9ation ye>1 #ej p]c5t1 & 7,d7 = prop]ty plac$ 9 s]vice dur+ any cal5d> ye> subsequ5t to ! ye> describ$ 9 subp>agraph 7,c71 #j p]c5t4 7f7 ,special rules ,= purposes ( ?is section3 7#a7 ,labor co/s ,exp5ditures = labor co/s prop]ly allocable to ! onsite prep>ation1 assembly1 or orig9al in/allation ( ! qualifi$ prop]ty or en]gy /orage prop]ty & = pip+ or wir+ to int]connect su* prop]ty to ! dwell+ unit %all be tak5 into acc\nt = purposes ( ?is section4 7#b7 ,t5ant-/ockhold] 9 coop]ative h\s+ corporation ,9 ! case ( an individual :o is a t5ant-/ockhold] 7z def9$ 9 section #baf7 9 a coop]ative h\s+ corporation 7z def9$ 9 su* section71 su* individual %all be treat$ z hav+ made 8 t5ant-/ockhold]'s proportionate %>e 7z def9$ 9 section #baf7;b77#c77 ( any exp5ditures ( su* corporation4 7#c7 ,condom9iums 7,a7 ,9 g5]al ,9 ! case ( an individual :o is a memb] ( a condom9ium managem5t association ) respect to a condom9ium :i* ! individual owns1 su* individual %all be treat$ z hav+ made ! individual's proportionate %>e ( any exp5ditures ( su* association4 7,b7 ,condom9ium managem5t association ,= purposes ( ?is p>agraph1 ! t]m condom9ium managem5t association means an organization :i* meets ! requirem5ts ( p>agraph 7#a7 ( section #ebh7;c7 7o!r ?an subp>agraph 7,e7 !re(7 ) respect to a condom9ium project sub/antially all ( ! units ( :i* are us$ z resid5ces4 7#d7 ,allocation 9 c]ta9 cases ,if less ?an #hj p]c5t ( ! use ( a prop]ty is = nonbus9ess purposes1 only t portion ( ! exp5ditures = su* prop]ty :i* is prop]ly allocable to use = nonbus9ess purposes %all be tak5 into acc\nt4 7#e7 ,coord9ation ) o!r cr$its ,! t]ms qualifi$ prop]ty & en]gy /orage prop]ty %all n include any prop]ty = :i* a cr$it is all[$ "u section #be;,d = any exp5diture ) respect to su* prop]ty4 7g7 ,basis adju/m5t ,= purposes ( ?is subtitle1 if a cr$it is all[$ "u ?is section = any exp5ditures ) respect to any prop]ty1 ! increase 9 ! basis ( su* prop]ty :i* w\ld 7b = ?is subsection7 result f su* exp5ditures %all be r$uc$ by ! am\nt ( ! cr$it s all[$4 7h7 ,f9al guidance ,n lat] ?an ,janu>y #a1 #bjbc1 ! ,secret>y & ! ,adm9i/rator ( ! ,environm5tal ,protection ,ag5cy %all issue f9al guidance reg>d+ implem5tation ( ?is section1 includ+ calculation ( gre5h\se gas emission rates = qualifi$ prop]ty & det]m9ation ( resid5tial clean electricity prop]ty cr$its "u ?is section4 4 7#b7 ,con=m+ am5dm5ts 7,a7 ,section #bc7;c77#a7 is am5d$ by /rik+ & section #be;,d & ins]t+ 1 section #be;,d1 & section #be;,e4 7,b7 ,section #be7;e77#a77;,c7 is am5d$ by /rik+ & #be;,d & ins]t+ #be;,d1 & #be;,e4 7,c7 ,p>agraph 7#a7 ( section #de7;d7 is am5d$ by /rik+ ) respect to :i* & all t foll[s ?r\gh ! p]iod & ins]t+ ! foll[+3 ) respect to :i*-- 7,a7 any qualifi$ small w9d en]gy prop]ty exp5diture 7z def9$ 9 subsection 7d77#d7 ( section #be;,d7 is tak5 into acc\nt 9 det]m9+ ! cr$it "u su* section1 or 7,b7 any exp5ditures = qualifi$ prop]ty 7z def9$ 9 subsection 7b7 ( section #be;,e7 :i* uses w9d to produce electricity is tak5 into acc\nt 9 det]m9+ ! cr$it "u su* section4 4 7,d7 ,section #ajaf7;a7 is am5d$-- 7i7 by r$esignat+ p>agraphs 7#ce7 ?r\gh 7#ch7 z p>agraphs 7#cf7 ?r\gh 7#ci71 respectively1 & 7ii7 by ins]t+ aft] p>agraph 7#cd7 ! foll[+3 7#ce7 to ! ext5t provid$ 9 section #be;,e7g71 9 ! case ( am\nts ) respect to :i* a cr$it has be5 all[$ "u section #be;,e1 4 7,e7 ,! table ( cont5ts = subp>t ,a ( "p ,,iv ( sub*apt] ,a ( *apt] #a is am5d$ by ins]t+ aft] ! item relat+ to section #be;,d ! foll[+ new item3 ,sec4 #be;,e4 ,resid5tial clean electricity cr$it4 4 7#c7 ,effective date ,! am5dm5ts made by ?is subsection %all apply to prop]ty plac$ 9 s]vice aft] ,decemb] #ca1 #bjbb4 #ajc4 ,ext5sions1 modifications1 & t]m9ations ( v>i\s en]gy provisions 7a7 ,resid5tial en]gy effici5t prop]ty 7#a7 ,elim9ation ( phase\t ,section #be;,d7g7 is am5d$ to read z foll[s3 7g7 ,applicable p]c5tage ,= purposes ( subsection 7a71 ! applicable p]c5tage %all be #cj p]c5t4 4 7#b7 ,effective date ,! am5dm5ts made by ?is subsection %all apply to prop]ty plac$ 9 s]vice aft] ,decemb] #ca1 #bjbj4 7b7 ,r5ewable electricity production cr$it 7#a7 ,c>ry=w>d ( cr$it 7,a7 ,9 g5]al ,section #ci7;a7 is am5d$ by add+ at ! end ! foll[+3 7#d7 #be-ye> c>ry=w>d = r5ewable electricity production cr$it ,9 ! case ( ! r5ewable electricity production cr$it-- 7,a7 ?is section %all be appli$ sep>ately f ! bus9ess cr$it 7o!r ?an ! r5ewable electricity production cr$it71 & 7,b7 p>agraph 7#b7 %all be appli$-- 7i7 by sub/itut+ #bf taxable ye>s = #ba taxable ye>s 9 subp>agraph 7,a7 !re(1 & 7ii7 by sub/itut+ #be taxable ye>s = #bj taxable ye>s 9 subp>agraph 7,b7 !re(4 4 7,b7 ,effective date ,! am5dm5t made by ?is p>agraph %all apply to cr$it c>ry=w>ds c>ri$ to taxable ye>s beg9n+ aft] ! date ( enactm5t ( ?is ,act4 7#b7 ,election = direct paym5t = r5ewable electricity production cr$it ,section #de is am5d$ by add+ at ! end ! foll[+3 7f7 ,election = direct paym5t 7#a7 ,9 g5]al ,! am\nt ( any cr$it det]m9$ "u subsection 7a7 ) respect to any qualifi$ facility = any taxable ye> dur+ ! p]iod describ$ 9 subsection 7a77#b77;,a77ii7 %all1 at ! election ( ! taxpay]1 be treat$ z a paym5t equal to su* am\nt :i* is made by ! taxpay] aga9/ ! tax impos$ by *apt] #a = su* taxable ye>4 7#b7 ,=m & effect ( election 7,a7 ,9 g5]al ,an election "u p>agraph 7#a7 %all be made prior to ! applicable date on & 9 su* mann] z ! ,secret>y may prescribe4 ,su* election1 once made1 %all-- 7i7 be irrevocable ) respect to su* qualifi$ facility = ! p]iod describ$ 9 subsection 7a77#b77;,a77ii71 & 7ii7 = any taxable ye> dur+ su* p]iod1 r$uce ! am\nt ( ! cr$it :i* w\ld 7b = ?is p>agraph7 be all[able "u ?is section ) respect to su* qualifi$ facility = su* taxable ye> to z]o4 7,b7 ,additional in=mation ,= purposes ( an election "u p>agraph 7#a71 ! ,secret>y may require su* in=mation z ! ,secret>y deems necess>y = purposes ( prev5t+ duplication1 fraud1 or any improp] paym5ts "u ?is subsection4 7,c7 ,applicable date ,= purposes ( ?is p>agraph1 ! t]m applicable date means-- 7i7 9 ! case ( any qualifi$ facility :i* is plac$ 9 s]vice aft] ,decemb] #ca1 #bjbj1 & be=e ! date ( enactm5t ( ! ,clean ,en]gy = ,am]ica ,act1 ! e>li] (-- 7,i7 ! date :i* is #ahj days aft] ! date ( enactm5t ( su* ,act1 or 7,,ii7 ! end ( ! taxable ye> 9 :i* su* facility is plac$ 9 s]vice1 7ii7 9 ! case ( any qualifi$ facility ! con/ruction ( :i* beg9s be=e ! date ( enactm5t ( ! ,clean ,en]gy = ,am]ica ,act & :i* is n plac$ 9 s]vice be=e su* date1 ! lat] (-- 7,i7 ! date on :i* su* facility is plac$ 9 s]vice1 or 7,,ii7 ! date :i* is #ahj days aft] ! date ( enactm5t ( su* ,act1 or 7iii7 9 ! case ( any qualifi$ facility ! con/ruction ( :i* beg9s on or aft] ! date ( enactm5t ( ! ,clean ,en]gy = ,am]ica ,act1 ! date on :i* su* facility is plac$ 9 s]vice4 7#c7 ,application to p>tn]%ips & ,s corporations2 excess paym5t ,rules simil> to ! rules ( p>agraphs 7#c7 & 7#e7 ( section #de,u7h7 %all apply = purposes ( ?is subsection4 7#d7 ,c]ta9 entities treat$ z taxpay]s ,9 ! case ( an election "u ?is subsection-- 7,a7 any ,/ate utility ) a s]vice obligation1 z su* t]ms are def9$ 9 section #bag ( ! ,f$]al ,p[] ,act 7z 9 effect on ! date ( ! enactm5t ( ?is subsection71 7,b7 any mutual or coop]ative electric company describ$ 9 section #eja7;c77#ab7 or section #acha7;a77#b77;,c71 or 7,c7 an ,indian tribal gov]nm5t 7z def9$ 9 section #aci;,e7c77#a771 %all be treat$ z a taxpay] = purposes ( ?is subsection & det]m9+ ! am\nt ( any cr$it "u subsection 7a74 4 7c7 ,t]m9ation ( allocation ( unutiliz$ limitation = advanc$ nucle> p[] facilities 7#a7 ,9 g5]al ,section #de;,j7b7 is am5d$ by /rik+ p>agraph 7#e74 7#b7 ,effective date ,! am5dm5t made by ?is subsection %all apply to facilities ! con/ruction ( :i* beg9s aft] ! date ( enactm5t ( ?is ,act4 7d7 ,modification ( cr$it = c>bon dioxide seque/ration 7#a7 ,9 g5]al ,section #de,q is am5d$-- 7,a7 9 subsection 7a77#d77;,b77i71 by ins]t+ subject to subsection 7f77#h71 be=e us$ by1 7,b7 9 subsection 7b77#a7-- 7i7 9 subp>agraph 7,a71 by /rik+ ,! applicable doll> am\nt & ins]t+ ,except z provid$ 9 subp>agraph 7,b71 ! applicable doll> am\nt1 7ii7 by r$esignat+ subp>agraph 7,b7 z subp>agraph 7,c71 7iii7 by ins]t+ aft] subp>agraph 7,a7 ! foll[+3 7,b7 ,applicable doll> am\nt = direct air capture facilities ,9 ! case ( any qualifi$ facility describ$ 9 subsection 7d77#a77;,a7 = :i* con/ruction beg9s aft] ! date ( enactm5t ( ! ,clean ,en]gy = ,am]ica ,act1 ! applicable doll> am\nt %all be an am\nt equal to-- 7i7 = any taxable ye> beg9n+ 9 a cal5d> ye> be=e #bjbg-- 7,i7 = purposes ( p>agraph 7#c7 ( subsection 7a71 #age1 & 7,,ii7 = purposes ( p>agraph 7#d7 ( su* subsection1 #aej1 & 7ii7 = any taxable ye> beg9n+ 9 a cal5d> ye> aft] #bjbf-- 7,i7 = purposes ( p>agraph 7#c7 ( subsection 7a71 an am\nt equal to ! product ( #age & ! inflation adju/m5t factor = su* cal5d> ye> det]m9$ "u section #dc7;b77#c77;,b7 = su* cal5d> ye>1 det]m9$ by sub/itut+ #bjbe = #aiij1 & 7,,ii7 = purposes ( p>agraph 7#d7 ( su* subsection1 an am\nt equal to ! product ( #aej & ! inflation adju/m5t factor = su* cal5d> ye> det]m9$ "u section #dc7;b77#c77;,b7 = su* cal5d> ye>1 det]m9$ by sub/itut+ #bjbe = #aiij4 1 & 7iv7 9 subp>agraph 7,c71 z s r$esignat$1 by ins]t+ or 7,b7 aft] subp>agraph 7,a71 7,c7 by /rik+ subsection 7d7 & ins]t+ ! foll[+3 7d7 ,qualifi$ facility 7#a7 ,9 g5]al ,= purposes ( ?is section1 ! t]m qualifi$ facility means-- 7,a7 any direct air capture facility1 & 7,b7 any indu/rial facility :i* captures-- 7i7 9 ! case ( an electricity g5]at+ facility1 n less ?an #ge p]c5t ( ! c>bon oxide :i* w\ld o!rwise be releas$ into ! atmosph]e1 or 7ii7 9 ! case ( an indu/rial facility :i* is n an electricity g5]at+ facility1 n less ?an #ej p]c5t ( ! c>bon oxide :i* w\ld o!rwise be releas$ into ! atmosph]e4 7#b7 ,coord9ation ) o!r cr$its ,! t]m qualifi$ facility %all n include any facility = :i* a cr$it det]m9$ "u section #de,u or #dh;,d is all[$ "u section #ch = ! taxable ye> or any prior taxable ye>4 1 7,d7 9 subsection 7f71 by add+ at ! end ! foll[+3 7#h7 ,elim9ation ( use ( c>bon oxide z t]ti>y injectant ,9 ! case ( any qualifi$ facility ! con/ruction ( :i* beg9s aft] ,decemb] #ca1 #bjbf1 subsection 7a77#d77;,b77i7 %all n apply4 1 7,e7 by r$esignat+ subsection 7h7 z subsection 7i71 & 7,f7 by ins]t+ aft] subsection 7g7 ! foll[+3 7h7 ,cr$it phase-,out 7#a7 ,9 g5]al 7,a7 ,r$uction bas$ on emissions f production ( electricity ,subject to subp>agraphs 7,b7 & 7,c71 if ! ,secret>y & ! ,adm9i/rator ( ! ,environm5tal ,protection ,ag5cy det]m9e t ! annual gre5h\se gas emissions f ! production ( electricity 9 ! ,unit$ ,/ates are equal to or less ?an #be p]c5t ( ! annual gre5h\se gas emissions f ! production ( electricity 9 ! ,unit$ ,/ates = cal5d> ye> #bjba1 ! am\nt ( ! c>bon oxide seque/ration cr$it "u subsection 7a7 = any qualifi$ facility ! con/ruction ( :i* beg9s dur+ a cal5d> ye> describ$ 9 p>agraph 7#b7 %all be equal to ! product (-- 7i7 ! am\nt ( ! cr$it det]m9$ "u subsection 7a7 )\t reg>d to ?is subsection1 multipli$ by 7ii7 ! phase-out p]c5tage "u p>agraph 7#b74 7,b7 ,o!r indu/rial facilities ,9 ! case ( any qualifi$ facility describ$ 9 subsection 7d77#a77;,b77ii7 ! con/ruction ( :i* beg9s dur+ a cal5d> ye> describ$ 9 p>agraph 7#b71 subp>agraph 7,a7 %all be appli$ by sub/itut+ indu/rial sector = production ( electricity ea* place x appe>s4 7,c7 ,direct air capture facilities ,9 ! case ( any qualifi$ facility describ$ 9 subsection 7d77#a77;,a71 subp>agraph 7,a7 %all n apply4 7#b7 ,phase-out p]c5tage ,! phase-out p]c5tage "u ?is p>agraph is equal to-- 7,a7 = a facility ! con/ruction ( :i* beg9s dur+ ! fir/ cal5d> ye> foll[+ ! cal5d> ye> 9 :i* ! det]m9ation describ$ 9 p>agraph 7#a77;,a7 is made1 #ajj p]c5t1 7,b7 = a facility ! con/ruction ( :i* beg9s dur+ ! second cal5d> ye> foll[+ su* det]m9ation ye>1 #ge p]c5t1 7,c7 = a facility ! con/ruction ( :i* beg9s dur+ ! ?ird cal5d> ye> foll[+ su* det]m9ation ye>1 #ej p]c5t1 & 7,d7 = a facility ! con/ruction ( :i* beg9s dur+ any cal5d> ye> subsequ5t to ! ye> describ$ 9 subp>agraph 7,c71 #j p]c5t4 4 7#b7 ,wage requirem5ts ,section #de,q7f71 z am5d$ by p>agraph 7#a77;,d71 is am5d$ by add+ at ! end ! foll[+3 7#i7 ,wage requirem5ts 7,a7 ,9 g5]al ,! t]m qualifi$ facility %all n include any facility :i* fails to satisfy-- 7i7 subject to clause 7ii7 ( subp>agraph 7,b71 ! requirem5ts "u clause 7i7 ( su* subp>agraph1 & 7ii7 ) respect to-- 7,i7 ! con/ruction ( any facility ! con/ruction ( :i* beg9s aft] ! date ( enactm5t ( ! ,clean ,en]gy = ,am]ica ,act1 & 7,,ii7 ! con/ruction ( any c>bon capture equipm5t1 ! requirem5ts "u section #eja ( ! ,clean ,en]gy = ,am]ica ,act4 7,b7 ,requirem5ts 7i7 ,9 g5]al ,! requirem5ts describ$ 9 ?is clause ) respect to any facility1 & any c>bon capture equipm5t plac$ 9 s]vice at su* facility1 are t ! taxpay] %all ensure t any labor]s & me*anics employ$ by contractors & subcontractors 9-- 7,i7 9 ! case ( any facility ! con/ruction ( :i* beg9s aft] ! date ( enactm5t ( ! ,clean ,en]gy = ,am]ica ,act1 ! con/ruction ( su* facility1 or 7,,ii7 dur+ ! #ab-ye> p]iod beg9n+ on ! date on :i* c>bon capture equipm5t is orig9ally plac$ 9 s]vice at any facility 7z describ$ 9 p>agraphs 7#c77;,a7 & 7#d77;,a7 ( subsection 7a771 ! alt]ation or repair ( su* facility or su* equipm5t1 %all be paid wages at rates n less ?an ! prevail+ rates = con/ruction1 alt]ation1 or repair ( a simil> "* 9 ! locality z det]m9$ by ! ,secret>y ( ,labor1 9 accordance ) sub*apt] ,,iv ( *apt] #ca ( title #dj1 ,unit$ ,/ates ,code4 7ii7 ,failure to satisfy wage requirem5ts2 correction & p5alty ,9 ! case ( any taxpay] :i* fails to satisfy ! requirem5t "u clause 7i7 ) respect to ! con/ruction ( any facility or ! alt]ation or repair ( a facility or c>bon capture equipm5t 9 any ye> dur+ ! p]iod describ$ 9 clause 7i77,,ii71 rules simil> to ! rules ( clauses 7i7 & 7ii7 ( section #de,u7b77#c77;,b7 %all apply = purposes ( ?is subp>agraph4 4 7#c7 ,election = direct paym5t ,section #de,q1 z am5d$ by ! prec$+ p>agraphs ( ?is subsection1 is am5d$-- 7,a7 by r$esignat+ subsection 7i7 z subsection 7j71 & 7,b7 by ins]t+ aft] subsection 7h7 ! foll[+3 7i7 ,election = direct paym5t 7#a7 ,9 g5]al ,! am\nt ( any cr$it det]m9$ "u p>agraph 7#c7 or 7#d7 ( subsection 7a7 ) respect to any qualifi$ c>bon oxide = any taxable ye> dur+ ! p]iod describ$ 9 p>agraph 7#c77;,a7 or 7#d77;,a7 ( su* subsection1 respectively1 %all1 at ! election ( ! taxpay]1 be treat$ z a paym5t equal to su* am\nt :i* is made by ! taxpay] aga9/ ! tax impos$ by *apt] #a = su* taxable ye>4 7#b7 ,=m & effect ( election 7,a7 ,9 g5]al ,an election "u p>agraph 7#a7 %all be made prior to ! applicable date & 9 su* mann] z ! ,secret>y may prescribe4 ,su* election1 once made1 %all-- 7i7 be irrevocable ) respect to su* c>bon capture equipm5t = ! p]iod describ$ 9 p>agraph 7#c77;,a7 or 7#d77;,a7 ( subsection 7a71 & 7ii7 = any taxable ye> dur+ su* p]iod1 r$uce ! am\nt ( ! cr$it :i* w\ld 7b = ?is p>agraph7 be all[able "u ?is section ) respect to su* equipm5t = su* taxable ye> to z]o4 7,b7 ,additional in=mation ,= purposes ( an election "u p>agraph 7#a71 ! ,secret>y may require su* in=mation z ! ,secret>y deems necess>y = purposes ( prev5t+ duplication1 fraud1 or any improp] paym5ts "u ?is subsection4 7,c7 ,applicable date ,= purposes ( ?is p>agraph1 ! t]m applicable date means-- 7i7 9 ! case ( any c>bon capture equipm5t :i* is plac$ 9 s]vice aft] ,decemb] #ca1 #bjbj1 & be=e ! date ( enactm5t ( ! ,clean ,en]gy = ,am]ica ,act1 ! e>li] (-- 7,i7 ! date :i* is #ahj days aft] ! date ( enactm5t ( su* ,act1 or 7,,ii7 ! end ( ! taxable ye> 9 :i* su* equipm5t is plac$ 9 s]vice1 7ii7 9 ! case ( any c>bon capture equipm5t ! con/ruction ( :i* began be=e ! date ( enactm5t ( ! ,clean ,en]gy = ,am]ica ,act & :i* has n plac$ 9 s]vice be=e su* date1 ! lat] (-- 7,i7 ! date on :i* su* equipm5t is plac$ 9 s]vice1 or 7,,ii7 ! date :i* is #ahj days aft] ! date ( enactm5t ( su* ,act1 & 7iii7 9 ! case ( any c>bon capture equipm5t ! con/ruction ( :i* beg9s on or aft] ! date ( enactm5t ( ! ,clean ,en]gy = ,am]ica ,act1 ! date on :i* su* equipm5t is plac$ 9 s]vice4 7#c7 ,application to p>tn]%ips & ,s corporations2 excess paym5t ,rules simil> to ! rules ( p>agraphs 7#c7 & 7#e7 ( section #de,u7h7 %all apply = purposes ( ?is subsection4 7#d7 ,c]ta9 entities treat$ z taxpay]s ,9 ! case ( an election "u ?is subsection-- 7,a7 any ,/ate utility ) a s]vice obligation1 z su* t]ms are def9$ 9 section #bag ( ! ,f$]al ,p[] ,act 7z 9 effect on ! date ( ! enactm5t ( ?is subsection71 7,b7 any mutual or coop]ative electric company describ$ 9 section #eja7;c77#ab7 or section #acha7;a77#b77;,c71 or 7,c7 an ,indian tribal gov]nm5t 7z def9$ 9 section #aci;,e7c77#a771 %all be treat$ z a taxpay] = purposes ( ?is subsection & det]m9+ ! am\nt ( any cr$it "u subsection 7a74 4 7#d7 ,cr$it r$uc$ = grants1 tax-exempt bonds1 subsidiz$ en]gy f9anc+1 & o!r cr$its ,section #de,q7f71 z am5d$ by p>agraphs 7#a77;,d7 & 7#b71 is am5d$ by add+ at ! end ! foll[+3 7#aj7 ,cr$it r$uc$ = grants1 tax-exempt bonds1 subsidiz$ en]gy f9anc+1 & o!r cr$its ,rules simil> to ! rules "u section #de7;b77#c7 %all apply = purposes ( ?is section4 4 7#e7 ,effective dates 7,a7 ,9 g5]al ,! am5dm5ts made by p>agraph 7#a7 7) ! exception ( ! am5dm5t made "u subp>agraph 7,d7 ( su* p>agraph7 %all apply to facilities ! con/ruction ( :i* beg9s aft] ! date ( enactm5t ( ?is ,act4 7,b7 ,elim9ation ( use ( c>bon oxide z t]ti>y injectant ,! am5dm5t made by p>agraph 7#a77;,d7 %all apply to facilities ! con/ruction ( :i* beg9s aft] ,decemb] #ca1 #bjbf4 7,c7 ,wage requirem5ts ,! am5dm5ts made by p>agraph 7#b7 %all apply to facilities or equipm5t ! con/ruction ( :i* beg9s aft] ,decemb] #ca1 #bjba4 7,d7 ,election = direct paym5t ,! am5dm5ts made by p>agraph 7#c7 %all apply to c>bon capture equipm5t :i* is plac$ 9 s]vice aft] ,decemb] #ca1 #bjbj4 7,e7 ,cr$it r$uc$ = grants1 tax-exempt bonds1 subsidiz$ en]gy f9anc+1 & o!r cr$its ,! am5dm5ts made by p>agraph 7#d7 %all apply to taxable ye>s beg9n+ aft] ! date ( enactm5t ( ?is ,act4 7e7 ,modification ( cr$its = en]gy prop]ty 7#a7 ,t]m9ation 7,a7 ,sol> en]gy prop]ty ,section #dh7;a77#c77;,a77i7 is am5d$ by ins]t+ b only ) respect to prop]ty ! con/ruction ( :i* beg9s be=e ,janu>y #a1 #bjbd1 aft] swimm+ pool14 7,b7 ,geo!rmal en]gy prop]ty ,section #dh7;a77#c77;,a77iii7 is am5d$ by ins]t+ ) respect to prop]ty ! con/ruction ( :i* beg9s be=e ,janu>y #a1 #bjbd1 & aft] b only4 7,c7 ,qualifi$ (f%ore w9d facilities ,section #dh7;a77#e77;,f7 is am5d$ by /rik+ ,janu>y #a1 #bjbf ea* place x appe>s & ins]t+ ,janu>y #a1 #bjbd4 7#b7 ,elim9ation ( phase\ts 7,a7 ,9 g5]al ,section #dh is am5d$ by /rik+ p>agraphs 7#f7 & 7#g74 7,b7 ,effective date ,! am5dm5ts made by ?is p>agraph %all apply to prop]ty ! con/ruction ( :i* beg9s aft] ,decemb] #ca1 #bjbj4 7#c7 ,increase 9 cr$it rate = geo!rmal deposits 7,a7 ,9 g5]al ,section #dh7;a77#b77;,a77i77,,ii7 is am5d$ by /rik+ p>agraph 7#c77;,a77i7 & ins]t+ clause 7i7 or 7iii7 ( p>agraph 7#c77;,a74 7,b7 ,effective date ,! am5dm5ts made by ?is p>agraph %all apply to prop]ty ! con/ruction ( :i* beg9s aft] ,decemb] #ca1 #bjbj4 7#d7 ,election = direct paym5t 7,a7 ,9 g5]al ,section #dh1 z am5d$ by p>agraph 7#a71 is am5d$ by add+ at ! end ! foll[+3 7e7 ,election = direct paym5t 7#a7 ,9 g5]al ,9 ! case ( any en]gy prop]ty plac$ 9 s]vice dur+ any taxable ye>1 ! am\nt ( any cr$it det]m9$ "u subsection 7a7 ) respect to su* prop]ty = su* taxable ye> %all1 at ! election ( ! taxpay]1 be treat$ z a paym5t equal to su* am\nt :i* is made by ! taxpay] aga9/ ! tax impos$ by *apt] #a = su* taxable ye> 7reg>dless ( :e!r su* tax w\ld h be5 on su* taxpay]74 7#b7 ,=m & effect ( election 7,a7 ,9 g5]al ,an election "u p>agraph 7#a7 %all be made prior to ! applicable date & 9 su* mann] z ! ,secret>y may prescribe4 ,su* election1 once made1 %all-- 7i7 be irrevocable ) respect to ! en]gy prop]ty to :i* su* election applies1 & 7ii7 r$uce ! am\nt ( ! cr$it :i* w\ld 7b = ?is subsection7 be all[able "u ?is section ) respect to su* prop]ty = ! taxable ye> 9 :i* su* prop]ty is plac$ 9 s]vice to z]o4 7,b7 ,additional in=mation ,= purposes ( an election "u p>agraph 7#a71 ! ,secret>y may require su* in=mation z ! ,secret>y deems necess>y = purposes ( prev5t+ duplication1 fraud1 or any improp] paym5ts "u ?is subsection4 7,c7 ,applicable date ,= purposes ( ?is p>agraph1 ! t]m applicable date means-- 7i7 9 ! case ( any en]gy prop]ty :i* is plac$ 9 s]vice aft] ,decemb] #ca1 #bjbj1 & be=e ! date ( enactm5t ( ! ,clean ,en]gy = ,am]ica ,act1 ! e>li] (-- 7,i7 ! date :i* is #ahj days aft] ! date ( enactm5t ( su* ,act1 or 7,,ii7 ! end ( ! taxable ye> 9 :i* su* prop]ty is plac$ 9 s]vice1 7ii7 9 ! case ( any en]gy prop]ty ! con/ruction ( :i* began be=e ! date ( enactm5t ( ! ,clean ,en]gy = ,am]ica ,act & :i* has n be5 plac$ 9 s]vice be=e su* date1 ! lat] (-- 7,i7 ! date on :i* su* prop]ty is plac$ 9 s]vice1 or 7,,ii7 ! date :i* is #ahj days aft] ! date ( enactm5t ( su* ,act1 or 7iii7 9 ! case ( any en]gy prop]ty ! con/ruction ( :i* beg9s on or aft] ! date ( enactm5t ( ! ,clean ,en]gy = ,am]ica ,act1 ! date on :i* su* prop]ty is plac$ 9 s]vice4 7#c7 ,application to p>tn]%ips & ,s corporations2 excess paym5t ,rules simil> to ! rules ( p>agraphs 7#c7 & 7#e7 ( section #de,u7h7 %all apply = purposes ( ?is subsection4 7#d7 ,special rules = c]ta9 entities 7,a7 ,eligibility ( c]ta9 prop]ty ,= purposes ( ?is subsection1 p>agraphs 7#c7 & 7#d7 ( section #ej7;b7 %all n apply ) respect to-- 7i7 any ,/ate utility ) a s]vice obligation1 z su* t]ms are def9$ 9 section #bag ( ! ,f$]al ,p[] ,act 7z 9 effect on ! date ( ! enactm5t ( ?is subsection71 7ii7 any mutual or coop]ative electric company describ$ 9 section #eja7;c77#ab7 or section #acha7;a77#b77;,c71 or 7iii7 an ,indian tribal gov]nm5t 7z def9$ 9 section #aci;,e7c77#a774 7,b7 ,c]ta9 entities treat$ z taxpay]s ,9 ! case ( an election "u ?is subsection1 any entity describ$ 9 clause 7i71 7ii71 or 7iii7 ( subp>agraph 7,a7 %all be treat$ z a taxpay] = purposes ( ?is subsection & det]m9+ ! am\nt ( any cr$it "u subsection 7a74 4 7,b7 ,effective date ,! am5dm5t made by ?is p>agraph %all apply to prop]ty plac$ 9 s]vice aft] ,decemb] #ca1 #bjbj4 7#e7 ,en]gy cr$it = qualifi$ biogas prop]ty & qualifi$ manure res\rce recov]y prop]ty 7,a7 ,9 g5]al ,section #dh7;a77#c77;,a7 is am5d$ by /rik+ or at ! end ( clause 7vii7 & by add+ at ! end ! foll[+ new clauses3 7ix7 qualifi$ biogas prop]ty1 or 7x7 qualifi$ manure res\rce recov]y prop]ty1 4 7,b7 #cj-,p]c5t cr$it ,section #dh7;a77#b77;,a77i7 is am5d$ by /rik+ & at ! end ( subclause 7,,iv71 by /rik+ & at ! end ( subclause 7,v71 & by add+ at ! end ! foll[+ new subclauses3 7,,vi7 qualifi$ biogas prop]ty1 & 7,,vii7 qualifi$ manure res\rce recov]y prop]ty1 & 4 7,c7 ,def9itions ,section #dh7;c7 is am5d$ by add+ at ! end ! foll[+ new p>agraphs3 7#f7 ,qualifi$ biogas prop]ty 7,a7 ,9 g5]al ,! t]m qualifi$ biogas prop]ty means prop]ty compris+ a sy/em :i*-- 7i7 uses ana]obic dige/]s1 or o!r biological1 *emical1 !rmal1 or me*anical processes 7alone or 9 comb9ation71 to conv]t biomass 7z def9$ 9 section #de,k7c77#c77 into a gas :i* consi/s ( n less ?an #eb p]c5t me?ane1 & 7ii7 captures su* gas = use z a fuel4 7,b7 ,inclusion ( c]ta9 clean+ & condition+ equipm5t ,su* t]m %all include any prop]ty :i* cleans & conditions ! gas ref]r$ to 9 subp>agraph 7,a7 = use z a fuel4 7,c7 ,t]m9ation ,no cr$it %all be det]m9$ "u ?is section ) respect to any qualifi$ biogas prop]ty = any p]iod aft] ,decemb] #ca1 #bjbc4 7#g7 ,qualifi$ manure res\rce recov]y prop]ty 7,a7 ,9 g5]al ,! t]m qualifi$ manure res\rce recov]y prop]ty means prop]ty compris+ a sy/em :i* uses physical1 biological1 *emical1 !rmal1 or me*anical processes to recov] ! nutri5ts nitrog5 & phosphorus f a non-treat$ dige/ate or animal manure by r$uc+ or sep>at+ at lea/ #ej p]c5t ( ! conc5tration ( su* nutri5ts1 exclud+ any r$uctions dur+ ! inc9]ation1 /orage1 compo/+1 or field application ( ! non-treat$ dige/ate or animal manure4 7,b7 ,inclusion ( c]ta9 process+ equipm5t ,su* t]m %all include-- 7i7 any prop]ty :i* is us$ to recov] ! nutri5ts ref]r$ to 9 subp>agraph 7,a71 su* z-- 7,i7 biological reactors1 7,,ii7 cry/alliz]s1 7,,iii7 wat] filtration membrane sy/ems & o!r wat] purifi]s1 7,,iv7 evaporators1 7,v7 di/ill]s1 7,,vi7 decant] c5trifuges1 & 7,,vii7 equipm5t t facilitates ! process ( remov+ & dewat]+ susp5d$ & dissolv$ solids1 ammonia /ripp+1 gasification1 or ozonation1 & 7ii7 any !rmal dri] :i* treats ! nutri5ts recov]$ by ! processes ref]r$ to 9 subp>agraph 7,a74 7,c7 ,t]m9ation ,no cr$it %all be det]m9$ "u ?is section ) respect to any qualifi$ manure res\rce recov]y prop]ty = any p]iod aft] ,decemb] #ca1 #bjbc4 4 7,d7 ,d5ial ( d\ble b5efit = qualifi$ biogas prop]ty ,section #de7;e7 is am5d$ by add+ at ! end ! foll[+ new p>agraph3 7#ab7 ,coord9ation ) en]gy cr$it = qualifi$ biogas prop]ty ,! t]m qualifi$ facility %all n include any facility :i* produces electricity f gas produc$ by qualifi$ biogas prop]ty 7z def9$ 9 section #dh7;c77#f77 if a cr$it is det]m9$ "u section #dh ) respect to su* prop]ty = ! taxable ye> or any prior taxable ye>4 4 7,e7 ,effective date ,! am5dm5ts made by ?is p>agraph %all apply to prop]ty plac$ 9 s]vice aft] ,decemb] #ca1 #bjbj1 "u rules simil> to ! rules ( section #dh7m7 ( su* ,code 7z 9 effect on ! day be=e ! date ( ! enactm5t ( ! ,rev5ue ,reconciliation ,act ( #aiij74 7#f7 ,expansion ( en]gy cr$it to include clean hydrog5 production facilities 7,a7 ,9 g5]al ,section #dh7;a77#e7 is am5d$-- 7i7 9 subp>agraph 7,a77ii71 by ins]t+ subject to subp>agraph 7,g77i71 be=e ! en]gy p]c5tage1 7ii7 9 subp>agraph 7,b71 by ins]t+ or #de,x aft] section #de1 7iii7 9 subp>agraph 7,c7-- 7,i7 9 clause 7i71 by ins]t+ or1 subject to subp>agraph 7,g77ii71 a qualifi$ clean hydrog5 production facility 7z def9$ 9 section #de,x7d77#c77 aft] section #de7;d71 7,,ii7 9 clause 7ii71 by ins]t+ 7or1 9 ! case ( a qualifi$ clean hydrog5 production facility1 :i* is plac$ 9 s]vice aft] #bjbj & ! con/ruction ( :i* beg9s be=e ,janu>y #a1 #bjcj7 aft] ,janu>y #a1 #bjbb1 & 7,,iii7 9 clause 7iii77,i71 by ins]t+ or #de,x aft] section #de1 & 7iv7 by add+ at ! end ! foll[+3 7,g7 ,qualifi$ clean hydrog5 production facilities 7i7 ,en]gy p]c5tage 7,i7 ,9 g5]al ,= purposes ( subp>agraph 7,a77ii71 9 ! case ( a qualifi$ inve/m5t cr$it facility :i* is a qualifi$ clean hydrog5 production facility1 ! en]gy p]c5tage ) respect to su* facility %all be an am\nt 7express$ z a p]c5tage7 equal to-- 7aa7 9 ! case ( a facility :i* is e/imat$ to produce qualifi$ clean hydrog5 7z def9$ 9 describ$ 9 section #de,x7d77#b77 :i* is describ$ 9 subp>agraph 7,a7 ( section #de,x7b77#b71 #bj p]c5t ( ! en]gy p]c5tage o!rwise applicable "u subp>agraph 7,a77ii71 7bb7 9 ! case ( a facility :i* is e/imat$ to produce qualifi$ clean hydrog5 :i* is describ$ 9 subp>agraph 7,b7 ( section #de,x7b77#b71 #be p]c5t ( ! en]gy p]c5tage o!rwise applicable "u subp>agraph 7,a77ii71 7cc7 9 ! case ( a facility :i* is e/imat$ to produce qualifi$ clean hydrog5 :i* is describ$ 9 subp>agraph 7,c7 ( section #de,x7b77#b71 #cd p]c5t ( ! en]gy p]c5tage o!rwise applicable "u subp>agraph 7,a77ii71 & 7dd7 9 ! case ( a facility :i* is e/imat$ to produce qualifi$ clean hydrog5 :i* is describ$ 9 subp>agraph 7,d7 ( section #de,x7b77#b71 #ajj p]c5t ( ! en]gy p]c5tage o!rwise applicable "u subp>agraph 7,a77ii74 7,,ii7 ,recapture ,! ,secret>y %all1 by regulations1 provide = recaptur+ ! b5efit ( any cr$it all[able "u ?is section ) respect to any qualifi$ clean hydrog5 production facility :i* fails to produce qualifi$ clean hydrog5 consi/5t ) ! applicable p]c5tage r$uction 9 lifecycle gre5h\se gas emissions describ$ 9 section #de,x7b77#b7 :i* 7 e/imat$ = su* facility pursuant to subclause 7,i74 7ii7 ,no d\ble b5efit ,= purposes ( ?is p>agraph1 ! t]m qualifi$ inve/m5t cr$it facility %all n include any qualifi$ clean hydrog5 production facility = :i* a cr$it is all[$ "u section #ch = ! taxable ye> or any prior taxable ye> :i* is prop]ly allocable to any cr$it det]m9$ "u-- 7,i7 ?is section 7o!r ?an pursuant to ?is p>agraph71 or 7,,ii7 section #de1 #de;,j1 #de,q1 #de,u1 #de,v1 or #dh;,d4 4 7,b7 ,effective date ,! am5dm5ts made by ?is p>agraph %all apply to prop]ty plac$ 9 s]vice aft] ,decemb] #ca1 #bjbj4 7#g7 ,fuel cells us+ electrome*anical processes 7,a7 ,9 g5]al ,section #dh7;c77#a7 is am5d$-- 7i7 9 subp>agraph 7,a77i7-- 7,i7 by ins]t+ or electrome*anical aft] electro*emical1 & 7,,ii7 by ins]t+ 7#a kil[atts 9 ! case ( a fuel cell p[] plant ) a l9e> g5]ator assembly7 aft] #j4e kil[att1 & 7ii7 9 subp>agraph 7,c7-- 7,i7 by ins]t+ 1 or l9e> g5]ator assembly1 aft] a fuel cell /ack assembly1 & 7,,ii7 by ins]t+ or electrome*anical aft] electro*emical4 7,b7 ,l9e> g5]ator assembly limitation ,section #dh7;c77#a7 is am5d$ by r$esignat+ subp>agraph 7,d7 z subp>agraph 7,e7 & by ins]t+ aft] subp>agraph 7,c7 ! foll[+ new subp>agraph3 7,d7 ,l9e> g5]ator assembly ,! t]m l9e> g5]ator assembly does n include any assembly :i* conta9s rotat+ p>ts4 4 7,c7 ,effective date ,! am5dm5ts made by ?is p>agraph %all apply to prop]ty ! con/ruction ( :i* beg9s aft] ,decemb] #ca1 #bjbj4 7f7 ,co/ recov]y = qualifi$ facilities1 qualifi$ prop]ty1 & grid improvem5t prop]ty 7#a7 ,9 g5]al ,section #afh7;e77#c77;,b7 is am5d$-- 7,a7 9 clause 7vi77,,iii71 by /rik+ & at ! end1 7,b7 9 clause 7vii71 by /rik+ ! p]iod at ! end & ins]t+ 1 &1 & 7,c7 by ins]t+ aft] clause 7vii7 ! foll[+3 7viii7 any qualifi$ facility 7z def9$ 9 section #de,u7b77#a77;,a771 any qualifi$ prop]ty 7z def9$ 9 subsection 7b77#b7 ( section #dh;,d71 or any grid improvem5t prop]ty 7z def9$ 9 subsection 7c77#a77;,b7 ( su* section74 4 7#b7 ,alt]native sy/em ,! table conta9$ 9 section #afh7;g77#c77;,b7 is am5d$ by ins]t+ aft] ! item relat+ to subp>agraph 7,b77vii7 ! foll[+ new item3 7,b77viii7#cj 4 7#c7 ,effective date ,! am5dm5ts made by ?is subsection %all apply to facilities & prop]ty plac$ 9 s]vice aft] ,decemb] #ca1 #bjbb4 ,,ii ,inc5tives = ,clean ,transportation #bja4 ,clean fuel production cr$it 7a7 ,9 g5]al 7#a7 ,all[ance ( cr$it ,subp>t ,d ( "p ,,iv ( sub*apt] ,a ( *apt] #a1 z am5d$ by section #aja1 is am5d$ by add+ at ! end ! foll[+ new section3 #de,v4 ,clean fuel production cr$it 7a7 ,am\nt ( cr$it 7#a7 ,9 g5]al ,= purposes ( section #ch1 ! clean fuel production cr$it = any taxable ye> is an am\nt equal to-- 7,a7 = any transportation fuel sold dur+ any cal5d> ye> end+ be=e ,janu>y #a1 #bjcj1 an am\nt equal to ! product (-- 7i7 #a4jj p] gallon 7or gallon equival5t7 ) respect to any transportation fuel :i* is-- 7,i7 produc$ by ! taxpay] at a qualifi$ facility1 & 7,,ii7 sold by ! taxpay] 9 a mann] describ$ 9 p>agraph 7#d71 & 7ii7 ! emissions factor = su* fuel 7z det]m9$ "u subsection 7b771 & 7,b7 = any transportation fuel :i* is sold dur+ any cal5d> ye> beg9n+ aft] ,decemb] #ca1 #bjbi1 & :i* has an emissions rate equal to or less ?an z]o1 an am\nt equal to ! applicable am\nt 7z det]m9$ "u p>agraph 7#b77 p] gallon 7or gallon equival5t7 ) respect to any transportation fuel :i* is-- 7i7 produc$ by ! taxpay] at a qualifi$ facility1 & 7ii7 sold by ! taxpay] 9 a mann] describ$ 9 p>agraph 7#d74 7#b7 ,applicable am\nt ,= purposes ( p>agraph 7#a77;,b71 ! applicable am\nt ) respect to any transportation fuel %all be an am\nt equal to #a4jj increas$ by #aj c5ts = e kilogram ( ,,co#b;e p] mm,b,t,u 7or fraction !re(7 = :i* ! emissions rate = su* fuel is bel[ z]o4 7#c7 ,special rate = su/a9able aviation fuel 7,a7 ,9 g5]al ,9 ! case ( an transportation fuel :i* is su/a9able aviation fuel1 p>agraphs 7#a77;,a77i7 & 7#b7 %all ea* be appli$ by sub/itut+ #b4jj = #a4jj4 7,b7 ,su/a9able aviation fuel ,= purposes ( ?is subp>agraph 7,a71 ! t]m su/a9able aviation fuel means liquid fuel :i* is sold = use 91 or us$ 91 an aircraft & :i*-- 7i7 consi/s ( syn!siz$ hydroc>bons1 7ii7 meets ! requirem5ts (-- 7,i7 ,,a/m ,int]national ,/&>d ,d#geff1 or 7,,ii7 ! ,fis*] ,trops* provisions ( ,,a/m ,int]national ,/&>d ,d#afee1 ,annex ,a#a1 7iii7 is d]iv$ f-- 7,i7 biomass 7z su* t]m is def9$ 9 section #de,k7c77#c771 or 7,,ii7 electrolysis p[]$ by r5ewable en]gy res\rces1 or 7,,iii7 c>bon oxides captur$ f an indu/rial s\rce or f ! ambi5t air1 & 7iv7 is n d]iv$ f palm fatty acid di/illates4 7#d7 ,sale ,= purposes ( p>agraph 7#a71 ! transportation fuel is sold 9 a mann] describ$ 9 ?is p>agraph if su* fuel is sold by ! taxpay] to an unrelat$ p]son-- 7,a7 = use by su* p]son 9 ! production ( a fuel mixture1 7,b7 = use by su* p]son 9 a trade or bus9ess1 or 7,c7 :o sells su* fuel at retail to ano!r p]son & places su* fuel 9 ! fuel tank ( su* o!r p]son4 7#e7 ,r\nd+ ,if any am\nt det]m9$ "u p>agraph 7#a77;,a7 or 7#b7 is n a multiple ( #j4a c5t1 su* am\nt %all be r\nd$ to ! ne>e/ multiple ( #j4a c5t4 7b7 ,emissions factors 7#a7 ,emissions factor 7,a7 ,calculation 7i7 ,9 g5]al ,! emissions factor ( a transportation fuel %all be an am\nt equal to ! quoti5t (-- 7,i7 an am\nt equal to-- 7aa7 ! basel9e emissions rate1 m9us 7bb7 ! emissions rate = su* fuel1 divid$ by 7,,ii7 ! basel9e emissions rate4 7,b7 ,basel9e emissions rate ,= purposes ( ?is p>agraph1 ! t]m basel9e emissions rate means-- 7i7 = any cal5d> ye> end+ be=e ,janu>y #a1 #bjbf1 #ge kilograms ( ,,co#b;e p] mm,b,t,u1 7ii7 = cal5d> ye>s #bjbf & #bjbg1 #ej kilograms ( ,,co#b;e p] mm,b,t,u1 & 7iii7 = cal5d> ye>s #bjbh & #bjbi1 #be kilograms ( ,,co#b;e p] mm,b,t,u4 7,c7 ,e/abli%m5t ( emissions rate ,! ,secret>y & ! ,secret>y ( ,en]gy %all e/abli% ! emissions rate = simil> types & categories ( transportation fuels bas$ on ! am\nt ( lifecycle gre5h\se gas emissions 7z describ$ 9 section #baa7o77#a77;,h7 ( ! ,clean ,air ,act 7#db ,u4,s4,c4 #gede7o77#a77;,h771 z 9 effect on ! date ( ! enactm5t ( ?is section7 = su* fuels1 express$ z kilograms ( ,,co#b;e p] mm,b,t,u1 :i* a taxpay] %all use = purposes ( ?is section4 7,d7 ,r\nd+ ( emissions rate ,! ,secret>y may r\nd ! emissions rates "u subp>agraph 7,b7 to ! ne>e/ multiple ( #e kilograms ( ,,co#b;e p] mm,b,t,u1 except t1 9 ! case ( an emissions rate t is less ?an #b4e kilograms ( ,,co#b;e p] mm,b,t,u1 ! ,secret>y may r\nd su* rate to z]o4 7,e7 ,provisional emissions rate 7i7 ,9 g5]al ,9 ! case ( any transportation fuel = :i* an emissions rate has n be5 e/abli%$ by "u subp>agraph 7,c71 a taxpay] produc+ su* fuel may file a petition ) ! ,secret>y & ! ,secret>y ( ,en]gy = det]m9ation ( ! emissions rate ) respect to su* fuel4 7ii7 ,e/abli%m5t ( provisional & f9al emissions rate ,9 ! case ( a transportation fuel = :i* a petition describ$ 9 clause 7i7 has be5 fil$1 ! ,secret>y & ! ,secret>y ( ,en]gy %all-- 7,i7 n lat] ?an #ab mon?s aft] ! date on :i* ! petition 0 fil$1 provide a provisional emissions rate = su* fuel :i* a taxpay] %all use = purposes ( ?is section1 & 7,,ii7 n lat] ?an #bd mon?s aft] ! date on :i* ! petition 0 fil$1 e/abli% ! emissions rate = su* fuel4 7,f7 ,r\nd+ ,if any am\nt det]m9$ "u subp>agraph 7,a7 is n a multiple ( #j4a1 su* am\nt %all be r\nd$ to ! ne>e/ multiple ( #j4a4 7#b7 ,publi%+ emissions rate ,! ,secret>y %all publi% annually a table t sets =? ! emissions rate 7z e/abli%$ pursuant to p>agraph 7#a77 = simil> types & categories ( transportation fuels4 7c7 ,inflation adju/m5t 7#a7 ,9 g5]al ,9 ! case ( cal5d> ye>s beg9n+ aft] #bjbc1 ! #a4jj am\nt 9 p>agraphs 7#a77;,a77i7 & 7#b7 ( subsection 7a7 & ! #b4jj am\nt 9 subsection 7a77#c7 %all ea* be adju/$ by multiply+ su* am\nt by ! inflation adju/m5t factor = ! cal5d> ye> 9 :i* ! sale or use ( ! transportation fuel occurs4 ,if any am\nt z increas$ "u ! prec$+ s5t5ce is n a multiple ( #a c5t1 su* am\nt %all be r\nd$ to ! ne>e/ multiple ( #a c5t4 7#b7 ,inflation adju/m5t factor ,= purposes ( p>agraph 7#a71 ! inflation adju/m5t factor %all be ! inflation adju/m5t factor det]m9$ & publi%$ by ! ,secret>y pursuant to section #de,u7c71 det]m9$ by sub/itut+ cal5d> ye> #bjbb = cal5d> ye> #aiib 9 p>agraph 7#c7 !re(4 7d7 ,cr$it phase-,out 7#a7 ,9 g5]al ,if ! ,secret>y & ! ,adm9i/rator ( ! ,environm5tal ,protection ,ag5cy det]m9e t ! gre5h\se gas emissions f ! transportation ( p]sons & goods annually 9 ! ,unit$ ,/ates are equal to or less ?an #be p]c5t ( ! gre5h\se gas emissions f ! transportation ( p]sons & goods 9 ! ,unit$ ,/ates dur+ cal5d> ye> #bjba1 ! am\nt ( ! clean fuel production cr$it "u ?is section %all be det]m9$ by sub/itut+ ! applicable am\nt 7z det]m9$ "u p>agraph 7#b77;,a77 = ! doll> am\nt applicable "u p>agraphs 7#a77;,a77i7 & 7#b7 ( subsection 7a74 7#b7 ,applicable doll> am\nt 7,a7 ,9 g5]al ,! applicable am\nt = any taxable ye> describ$ 9 subp>agraph 7,b7 %all be an am\nt equal to ! product (-- 7i7 ! doll> am\nt applicable "u p>agraphs 7#a77;,a77i7 & 7#b7 ( subsection 7a7 7z adju/$ by subsection 7c771 multipli$ by 7ii7 ! phase-out p]c5tage "u subp>agraph 7,b74 7,b7 ,phase-out p]c5tage ,! phase-out p]c5tage "u ?is subp>agraph is equal to-- 7i7 = any taxable ye> beg9n+ 9 ! fir/ cal5d> ye> foll[+ ! cal5d> ye> 9 :i* ! det]m9ation describ$ 9 p>agraph 7#a7 is made1 #ajj p]c5t1 7ii7 = any taxable ye> beg9n+ 9 ! second cal5d> ye> foll[+ su* det]m9ation ye>1 #ge p]c5t1 7iii7 = any taxable ye> beg9n+ 9 ! ?ird cal5d> ye> foll[+ su* det]m9ation ye>1 #ej p]c5t1 & 7iv7 = any taxable ye> beg9n+ 9 any cal5d> ye> subsequ5t to ! ye> describ$ 9 clause 7iii71 #j p]c5t4 7e7 ,def9itions ,9 ?is section3 7#a7 mm,b,t,u ,! t]m mm,b,t,u means #a1jjj1jjj ,briti% !rmal units4 7#b7 ,,co#b;e ,! t]m ,,co#b;e means1 ) respect to any gre5h\se gas1 ! equival5t c>bon dioxide 7z det]m9$ bas$ on relative global w>m+ pot5tial74 7#c7 ,gre5h\se gas ,! t]m gre5h\se gas has ! same mean+ giv5 t t]m "u section #baa7o77#a77;,g7 ( ! ,clean ,air ,act 7#db ,u4,s4,c4 #gede7o77#a77;,g771 z 9 effect on ! date ( ! enactm5t ( ?is section4 7#d7 ,qualifi$ facility 7,a7 ,9 g5]al ,! t]m qualifi$ facility means a facility-- 7i7 us$ = ! production ( transportation fuels1 & 7ii7 :i*-- 7,i7 subject to clause 7ii7 ( subp>agraph 7,b71 satisfies ! requirem5ts "u clause 7i7 ( su* subp>agraph1 & 7,,ii7 ) respect to ! con/ruction ( su* facility1 satisfies ! requirem5ts "u section #eja ( ! ,clean ,en]gy = ,am]ica ,act4 ,clause 7ii77,,ii7 %all n apply to any facility plac$ 9 s]vice be=e ,janu>y #a1 #bjbc4 7,b7 ,wage requirem5ts 7i7 ,9 g5]al ,! requirem5ts describ$ 9 ?is subp>agraph ) respect to any facility are t ! taxpay] %all ensure t any labor]s & me*anics employ$ by contractors & subcontractors 9-- 7,i7 ! con/ruction ( su* facility1 or 7,,ii7 = any ye> describ$ 9 subsection 7a77#a7 = :i* ! cr$it "u ?is section is claim$1 ! alt]ation or repair ( su* facility1 %all be paid wages at rates n less ?an ! prevail+ rates = con/ruction1 alt]ation1 or repair ( a simil> "* 9 ! locality z det]m9$ by ! ,secret>y ( ,labor1 9 accordance ) sub*apt] ,,iv ( *apt] #ca ( title #dj1 ,unit$ ,/ates ,code4 7ii7 ,failure to satisfy wage requirem5ts2 correction & p5alty ,9 ! case ( any taxpay] :i* fails to satisfy ! requirem5t "u clause 7i7 ) respect to ! con/ruction ( any facility or ! alt]ation or repair ( su* facility 9 any ye> dur+ ! p]iod describ$ 9 clause 7i77,,ii71 rules simil> to ! rules ( clauses 7i7 & 7ii7 ( section #de,u7b77#c77;,b7 %all apply = purposes ( ?is subp>agraph4 7iii7 ,special rule = facilities plac$ 9 s]vice be=e ,janu>y #a1 #bjbc ,9 ! case ( any facility plac$ 9 s]vice be=e ,janu>y #a1 #bjbc-- 7,i7 clause 7i77,i7 %all n apply1 & 7,,ii7 clause 7ii7 %all be appli$ )\t reg>d to ! phrase ! con/ruction ( any facility or4 7#e7 ,transportation fuel ,! t]m transportation fuel means a fuel :i* is suitable = use z a fuel 9 a highway vehicle or aircraft4 7f7 ,f9al guidance ,n lat] ?an ,janu>y #a1 #bjbc1 ! ,secret>y & ! ,secret>y ( ,en]gy %all jo9tly issue f9al guidance reg>d+ implem5tation ( ?is section1 includ+ calculation ( emissions factors = transportation fuel1 ! table describ$ 9 subsection 7b77#b71 & ! det]m9ation ( clean fuel production cr$its "u ?is section4 7g7 ,special rules 7#a7 ,only regi/]$ production 9 ! ,unit$ ,/ates tak5 into acc\nt 7,a7 ,9 g5]al ,no clean fuel production cr$it %all be det]m9$ "u subsection 7a7 ) respect to any transportation fuel unless-- 7i7 ! taxpay] is regi/]$ z a produc] ( clean fuel "u section #daja at ! "t ( production1 & 7ii7 su* fuel is produc$ 9 ! ,unit$ ,/ates4 7,b7 ,unit$ ,/ates ,= purposes ( ?is p>agraph1 ! t]m ,unit$ ,/ates includes any possession ( ! ,unit$ ,/ates4 7#b7 ,production attributable to ! taxpay] ,9 ! case ( a facility 9 :i* m ?an #a p]son has an own]%ip int]e/1 except to ! ext5t provid$ 9 regulations prescrib$ by ! ,secret>y1 production f ! facility %all be allocat$ among su* p]sons 9 proportion to _! respective own]%ip int]e/s 9 ! gross sales f su* facility4 7#c7 ,relat$ p]sons ,p]sons %all be treat$ z relat$ to ea* o!r if su* p]sons w\ld be treat$ z a s+le employ] "u ! regulations prescrib$ "u section #eb7;b74 ,9 ! case ( a corporation :i* is a memb] ( an affiliat$ gr\p ( corporations fil+ a consolidat$ return1 su* corporation %all be treat$ z sell+ fuel to an unrelat$ p]son if su* fuel is sold to su* a p]son by ano!r memb] ( su* gr\p4 7#d7 ,pass-?ru 9 ! case ( e/ates & tru/s ,"u regulations prescrib$ by ! ,secret>y1 rules simil> to ! rules ( subsection 7d7 ( section #eb %all apply4 7#e7 ,allocation ( cr$it to patrons ( agricultural coop]ative 7,a7 ,election to allocate 7i7 ,9 g5]al ,9 ! case ( an eligible coop]ative organization1 any portion ( ! cr$it det]m9$ "u subsection 7a7 = ! taxable ye> may1 at ! election ( ! organization1 be apportion$ among patrons ( ! organization on ! basis ( ! am\nt ( bus9ess done by ! patrons dur+ ! taxable ye>4 7ii7 ,=m & effect ( election ,an election "u clause 7i7 = any taxable ye> %all be made on a timely fil$ return = su* ye>4 ,su* election1 once made1 %all be irrevocable = su* taxable ye>4 ,su* election %all n take effect unless ! organization designates ! apportionm5t z su* 9 a writt5 notice mail$ to its patrons dur+ ! paym5t p]iod describ$ 9 section #achb7;d74 7,b7 ,treatm5t ( organizations & patrons ,! am\nt ( ! cr$it apportion$ to any patrons "u subp>agraph 7,a7-- 7i7 %all n be includ$ 9 ! am\nt det]m9$ "u subsection 7a7 ) respect to ! organization = ! taxable ye>1 & 7ii7 %all be includ$ 9 ! am\nt det]m9$ "u subsection 7a7 = ! fir/ taxable ye> ( ea* patron end+ on or aft] ! la/ day ( ! paym5t p]iod 7z def9$ 9 section #achb7;d77 = ! taxable ye> ( ! organization or1 if e>li]1 = ! taxable ye> ( ea* patron end+ on or aft] ! date on :i* ! patron receives notice f ! coop]ative ( ! apportionm5t4 7,c7 ,special rules = decrease 9 cr$its = taxable ye> ,if ! am\nt ( ! cr$it ( a coop]ative organization det]m9$ "u subsection 7a7 = a taxable ye> is less ?an ! am\nt ( su* cr$it %[n on ! return ( ! coop]ative organization = su* ye>1 an am\nt equal to ! excess (-- 7i7 su* r$uction1 ov] 7ii7 ! am\nt n apportion$ to su* patrons "u subp>agraph 7,a7 = ! taxable ye>1 %all be treat$ z an increase 9 tax impos$ by ?is *apt] on ! organization4 ,su* increase %all n be treat$ z tax impos$ by ?is *apt] = purposes ( det]m9+ ! am\nt ( any cr$it "u ?is *apt]4 7,d7 ,eligible coop]ative def9$ ,= purposes ( ?is section ! t]m eligible coop]ative means a coop]ative organization describ$ 9 section #acha7;a7 :i* is own$ m ?an #ej p]c5t by agricultural produc]s or by entities own$ by agricultural produc]s4 ,= ?is purpose an entity own$ by an agricultural produc] is "o t is m ?an #ej p]c5t own$ by agricultural produc]s4 4 7#b7 ,con=m+ am5dm5ts 7,a7 ,section #ch7;b71 z am5d$ by section #aja1 is am5d$ 7i7 9 p>agraph 7#cc71 by /rik+ plus at ! end1 7ii7 9 p>agraph 7#cd71 by /rik+ ! p]iod at ! end & ins]t+ 1 plus1 & 7iii7 by add+ at ! end ! foll[+ new p>agraph3 7#ce7 ! clean fuel production cr$it det]m9$ "u section #de,v7a74 4 7,b7 ,! table ( sections = subp>t ,d ( "p ,,iv ( sub*apt] ,a ( *apt] #a1 z am5d$ by section #aja1 is am5d$ by add+ at ! end ! foll[+ new item3 ,sec4 #de,v4 ,clean fuel production cr$it4 4 7,c7 ,section #daja7;a77#a7 is am5d$ by ins]t+ e p]son produc+ a fuel eligible = ! clean fuel production cr$it 7pursuant to section #de,v71 aft] section #fdbf7;b77#d77;,a7714 7#c7 ,effective date ,! am5dm5ts made by ?is section %all apply to transportation fuel produc$ aft] ,decemb] #ca1 #bjbb4 7b7 ,su/a9able aviation fuel cr$it 7#a7 ,9 g5]al ,subp>t ,d ( "p ,,iv ( sub*apt] ,a ( *apt] #a is am5d$ by ins]t+ aft] section #dj;,a ! foll[+ new section3 #dj;,b4 ,su/a9able aviation fuel cr$it 7a7 ,9 g5]al 7#a7 ,cr$it am\nt ,= purposes ( section #ch1 ! su/a9able aviation fuel cr$it = ! taxable ye> is1 ) respect to any sale or use ( a qualifi$ mixture :i* occurs dur+ su* taxable ye>1 an am\nt equal to ! product (-- 7,a7 ! numb] ( gallons ( su/a9able aviation fuel 9 su* mixture1 multipli$ by 7,b7 ! sum (-- 7i7 #a4ej1 plus 7ii7 ! applicable supplem5t>y cr$it am\nt ) respect to ! su/a9able aviation fuel4 7#b7 ,applicable supplem5t>y cr$it am\nt 7,a7 ,9 g5]al ,= purposes ( ?is section1 ! applicable supplem5t>y cr$it am\nt means1 ) respect to any su/a9able aviation fuel1 an am\nt equal to #j4ja = e p]c5tage po9t by :i* ! lifecycle gre5h\se gas emissions r$uction p]c5tage ) respect to su* fuel exce$s #ej p]c5t4 7,b7 ,limitation ,9 no ev5t %all ! applicable supplem5t>y cr$it am\nt exce$ #j4ej4 7b7 ,qualifi$ mixture ,= purposes ( ?is section-- 7#a7 ,9 g5]al ,! t]m qualifi$ mixture means a mixture ( su/a9able aviation fuel & k]os5e if-- 7,a7 su* mixture is produc$ 9 ! ,unit$ ,/ates by a taxpay]1 & 7,b7 su* mixture is-- 7i7 sold = use 9 an aircraft1 or 7ii7 us$ by ! taxpay] 9 an aircraft4 7#b7 ,sale or use mu/ be 9 trade or bus9ess1 etc ,su/a9able aviation fuel us$ 9 ! production ( a qualifi$ mixture %all be tak5 into acc\nt-- 7,a7 only if ! sale or use describ$ 9 p>agraph 7#a7 is 9 a trade or bus9ess ( ! taxpay]1 & 7,b7 = ! taxable ye> 9 :i* su* sale or use occurs4 7#c7 ,fuel+ mu/ be 9 ! ,unit$ ,/ates ,a qualifi$ mixture %all n be treat$ z us$ or sold = use 9 an aircraft unless ! transf] ( su* mixture to ! fuel tank ( su* aircraft occurs 9 ! ,unit$ ,/ates4 7#d7 ,unit$ ,/ates ,= purposes ( ?is subsection1 ! t]m ,unit$ ,/ates includes any possession ( ! ,unit$ ,/ates4 7c7 ,su/a9able aviation fuel ,= purposes ( ?is section1 ! t]m su/a9able aviation fuel means liquid fuel-- 7#a7 :i*-- 7,a7 consi/s ( syn!siz$ hydroc>bons1 7,b7 meets ! requirem5ts (-- 7i7 ,,a/m ,int]national ,/&>d ,d#geff1 or 7ii7 ! ,fis*] ,trops* provisions ( ,,a/m ,int]national ,/&>d ,d#afee1 ,annex ,a#a1 7,c7 is d]iv$ f-- 7i7 biomass 7z su* t]m is def9$ 9 section #de,k7c77#c771 or 7ii7 electrolysis p[]$ by r5ewable en]gy res\rces1 or 7iii7 c>bon oxides captur$ f an indu/rial s\rce or f ! ambi5t air1 & 7,d7 is n d]iv$ f palm fatty acid di/illates1 & 7#b7 :i* has be5 c]tifi$ by ! produc] ( su* fuel 9 accordance ) subsection 7d7 z hav+ lifecycle gre5h\se gas emissions t are equal to or less ?an #ej p]c5t ( ! lifecycle gre5h\se gas emissions = petroleum-bas$ jet fuel4 7d7 ,c]tification requirem5ts ,a c]tification meet ! requirem5ts ( ?is subsection if su* c]tification is bas$ on a me?od :i*-- 7#a7 demon/rates t ! fuel con=ms )-- 7,a7 ! su/a9ability crit]ia ( ! ,c>bon ,(fsett+ & ,r$uction ,s*eme = ,int]national ,aviation1 & 7,b7 ! traceability & in=mation transmission requirem5ts approv$ by ! ,int]national ,civil ,aviation ,organization ) ! agreem5t ( ! ,unit$ ,/ates1 7#b7 takes into acc\nt all elem5ts us$ to det]m9e lifecycle emissions by ! ,int]national ,civil ,aviation ,organization1 & 7#c7 is approv$ by-- 7,a7 ! ,int]national ,civil ,aviation ,organization1 or 7,b7 ! ,secret>y & ,adm9i/rator ( ! ,environm5tal ,protection ,ag5cy4 7e7 ,"t limit = adoption ( new su/a9able aviation fuel emissions r$uction te/ ,= purposes ( subp>agraph 7,b7 ( subsection 7d77#c71 ! ,secret>y & ! ,adm9i/rator ( ! ,environm5tal ,protection ,ag5cy %all1 )9 #bd mon?s aft] ! date ( ! enactm5t ( ?is section1 adopt at lea/ "o me?od = te/+ lifecycle gre5h\se gas emissions t meets ! requirem5ts ( su* subsection4 7f7 ,c]tification ( su/a9able aviation fuel ,no cr$it %all be all[$ "u ?is section ) respect to any su/a9able aviation fuel unless ! taxpay] obta9s a c]tification 79 su* =m & mann] z prescrib$ by ! ,secret>y7 f ! produc] or import] ( ! su/a9able aviation fuel :i* id5tifies ! product produc$ & ! p]c5tage ( su/a9able aviation fuel 9 ! product4 7g7 ,t]m9ation ,?is section %all n apply to any sale or use aft] ,decemb] #ca1 #bjbb4 4 7#b7 ,cr$it made "p ( g5]al bus9ess cr$it ,section #ch7;b71 z am5d$ by ?is ,act1 is am5d$-- 7,a7 9 p>agraph 7#cd71 by /rik+ plus at ! end1 7,b7 9 p>agraph 7#ce71 by /rik+ ! p]iod at ! end & ins]t+ 1 plus1 & 7,c7 by add+ at ! end ! foll[+ new p>agraph3 7#cf7 ! su/a9able aviation fuel cr$it det]m9$ "u section #dj;,b4 4 7#c7 ,coord9ation ) r5ewable diesel 7,a7 ,9 g5]al ,section #dj;,a7f7 is am5d$ by /rik+ p>agraph 7#d74 7,b7 ,o!r coord9ation rules 7i7 ,! la/ s5t5ce ( section #dj;,a7d77#a7 is am5d$ by ins]t+ or #dj;,b aft] #dj4 7ii7 ,! second s5t5ce ( section #dj;,a7f77#c7 is am5d$ by ins]t+ or #dj;,b aft] #dj4 7,c7 ,regulations ,"u rules prescrib$ by ! ,secret>y ( ! ,treasury 7or ! ,secret>y's delegate71 ! am\nt ( ! cr$it all[$ "u section #dj;,b ( ! ,int]nal ,rev5ue ,code ( #aihf 7z add$ by ?is subsection7 %all be prop]ly r$uc$ to take into acc\nt any b5efit provid$ ) respect to su/a9able aviation fuel 7z def9$ 9 su* section #dj;,b7 by reason ( ! application ( section #fdbf or section #fdbg7;e74 7#d7 ,effective date 7,a7 ,9 g5]al ,! am5dm5ts made by ?is subsection %all apply to taxable ye>s end+ aft] ! date ( ! enactm5t ( ?is ,act4 7,b7 ,special rule ,! ,secret>y ( ! ,treasury 7or ! ,secret>y's delegate7 %all e/abli% rules = ! application ( ! am5dm5ts made by p>agraph 7#c77;,a7 ) respect to cr$its "u section #fdbf & paym5ts "u section #fdbg7;e7 = cal5d> qu>t]s end+ aft] ! date ( ! enactm5t ( ?is ,act & be=e ! la/ taxable ye> ( a taxpay] :i* ends aft] su* date ( enactm5t4 #bjb4 ,transportation electrification 7a7 ,alt]native motor vehicle cr$it = fuel cell motor vehicles 7#a7 ,9 g5]al ,section #cj;,b7k7 is am5d$-- 7,a7 by /rik+ p>agraph 7#a71 & 7,b7 by r$esignat+ p>agraphs 7#b7 ?r\gh 7#d7 z p>agraphs 7#a7 ?r\gh 7#c71 respectively4 7#b7 ,phase\t ,section #cj;,b is am5d$ by add+ at ! end ! foll[+3 7l7 ,cr$it phase-out = new qualifi$ fuel cell motor vehicles 7#a7 ,9 g5]al ,foll[+ a det]m9ation by ! ,secret>y & ! ,secret>y ( ,transportation t total annual sales ( new qualifi$ fuel cell motor vehicles & new qualifi$ plug-9 electric drive motor vehicles 7z def9$ 9 section #cj;,d7d77#a77 9 ! ,unit$ ,/ates are great] ?an #ej p]c5t ( total annual sales ( new pass5g] vehicles 9 ! ,unit$ ,/ates1 ! am\nt ( ! new qualifi$ fuel cell motor vehicle cr$it "u ?is section = any new qualifi$ fuel cell motor vehicle pur*as$ dur+ a cal5d> ye> describ$ 9 p>agraph 7#b7 %all be equal to ! product (-- 7,a7 ! am\nt ( ! cr$it det]m9$ "u subsection 7b7 )\t reg>d to ?is subsection1 multipli$ by 7,b7 ! phase-out p]c5tage "u p>agraph 7#b74 7#b7 ,phase-out p]c5tage ,! phase-out p]c5tage "u ?is p>agraph is equal to-- 7,a7 = a vehicle pur*as$ dur+ ! fir/ cal5d> ye> foll[+ ! cal5d> ye> 9 :i* ! det]m9ation describ$ 9 p>agraph 7#a7 is made1 #ajj p]c5t1 7,b7 = a vehicle pur*as$ dur+ ! second cal5d> ye> foll[+ su* det]m9ation ye>1 #ge p]c5t1 7,c7 = a vehicle pur*as$ dur+ ! ?ird cal5d> ye> foll[+ su* det]m9ation ye>1 #ej p]c5t1 & 7,d7 = a vehicle pur*as$ dur+ any cal5d> ye> subsequ5t to ! ye> describ$ 9 subp>agraph 7,c71 #j p]c5t4 4 7#c7 ,effective date ,! am5dm5ts made by ?is subsection %all apply to prop]ty pur*as$ aft] ,decemb] #ca1 #bjba4 7b7 ,alt]native fuel vehicle refuel+ prop]ty cr$it 7#a7 ,cr$it phase-out ,section #cj;,c is am5d$ by /rik+ subsection 7g7 & ins]t+ ! foll[+3 7g7 ,cr$it phase-out 7#a7 ,9 g5]al ,foll[+ a det]m9ation by ! ,secret>y1 ! ,secret>y ( ,transportation1 & ! ,adm9i/rator ( ! ,environm5tal ,protection ,ag5cy "u section #de,v7d77#a7 t ! gre5h\se gas emissions f ! transportation ( p]sons & goods annually 9 ! ,unit$ ,/ates are equal to or less ?an #be p]c5t ( ! gre5h\se gas emissions f ! transportation ( p]sons & goods 9 ! ,unit$ ,/ates dur+ cal5d> ye> #bjba1 ! am\nt ( ! cr$it "u ?is section = any qualifi$ alt]native fuel vehicle refuel+ prop]ty plac$ 9 s]vice dur+ a cal5d> ye> describ$ 9 p>agraph 7#b7 %all be equal to ! product (-- 7,a7 ! am\nt ( ! cr$it all[$ "u subsection 7a7 7z det]m9$ )\t reg>d to ?is subsection71 multipli$ by 7,b7 ! phase-out p]c5tage "u p>agraph 7#b74 7#b7 ,phase-out p]c5tage ,! phase-out p]c5tage "u ?is p>agraph is equal to-- 7,a7 = any prop]ty plac$ 9 s]vice dur+ ! fir/ cal5d> ye> foll[+ ! cal5d> ye> 9 :i* ! det]m9ation describ$ 9 p>agraph 7#a7 is made1 #ajj p]c5t1 7,b7 = any prop]ty plac$ 9 s]vice dur+ ! second cal5d> ye> foll[+ su* det]m9ation ye>1 #ge p]c5t1 7,c7 = any prop]ty plac$ 9 s]vice dur+ ! ?ird cal5d> ye> foll[+ su* det]m9ation ye>1 #ej p]c5t1 & 7,d7 = any prop]ty plac$ 9 s]vice dur+ any cal5d> ye> subsequ5t to ! ye> describ$ 9 subp>agraph 7,c71 #j p]c5t4 4 7#b7 ,modification 7,a7 ,9 g5]al ,section #cj;,c7b7 is am5d$-- 7i7 by /rik+ ) respect to all qualifi$ alt]native fuel vehicle refuel+ prop]ty plac$ 9 s]vice by ! taxpay] dur+ ! taxable ye> at a location & ins]t+ ) respect to any s+le item ( qualifi$ alt]native fuel vehicle refuel+ prop]ty plac$ 9 s]vice by ! taxpay] dur+ ! taxable ye>1 & 7ii7 9 p>agraph 7#a71 by /rik+ #cj1jjj & ins]t+ #bjj1jjj4 7,b7 ,effective date ,! am5dm5ts made by ?is p>agraph %all apply to prop]ty plac$ 9 s]vice aft] ,decemb] #ca1 #bjba4 7#c7 ,additional modification 7,a7 ,9 g5]al ,section #cj;,c1 z am5d$ by p>agraphs 7#a7 & 7#b71 is am5d$-- 7i7 9 subsection 7c77#b7-- 7,i7 9 subp>agraph 7,a71 by /rik+ "o or m & all t foll[s ?r\gh ! p]iod & ins]t+ ! foll[+3 hydrog5 or any transportation fuel = :i* ! clean fuel production cr$it is all[$ "u section #de,v ) respect to ! production & sale ( su* fuel41 & 7,,ii7 by /rik+ subp>agraph 7,b7 & ins]t+ ! foll[+3 7,b7 ,any mixture-- 7i7 :i* consi/s (-- 7,i7 any transportation fuel-- 7aa7 = :i* ! clean fuel production cr$it is all[$ "u section #de,v ) respect to ! production & sale ( su* fuel1 & 7bb7 :i* is a liquid fuel1 & 7,,ii7 any taxable fuel 7z def9$ 9 section #djhc7;a77#a771 & 7ii7 at lea/ #bj p]c5t ( ! volume ( :i* consi/s ( fuel describ$ 9 clause 7i77,i74 1 & 7ii7 9 subsection 7e71 by add+ at ! end ! foll[+3 7#g7 ,wage requirem5ts 7,a7 ,9 g5]al ,! t]m qualifi$ alt]native fuel vehicle refuel+ prop]ty %all n include any prop]ty :i* fails to satisfy-- 7i7 subject to clause 7ii7 ( subp>agraph 7,b71 ! requirem5ts "u clause 7i7 ( su* subp>agraph1 & 7ii7 ) respect to ! con/ruction ( su* prop]ty1 ! requirem5ts "u section #eja ( ! ,clean ,en]gy = ,am]ica ,act4 7,b7 ,requirem5ts 7i7 ,9 g5]al ,! requirem5ts describ$ 9 ?is clause ) respect to any prop]ty are t ! taxpay] %all ensure t any labor]s & me*anics employ$ by contractors & subcontractors 9 ! con/ruction ( su* prop]ty are to be paid wages at rates n less ?an ! prevail+ rates = con/ruction ( a simil> "* 9 ! locality z det]m9$ by ! ,secret>y ( ,labor1 9 accordance ) sub*apt] ,,iv ( *apt] #ca ( title #dj1 ,unit$ ,/ates ,code4 7ii7 ,correction & p5alty relat$ to failure to satisfy wage requirem5ts ,9 ! case ( any taxpay] :i* fails to satisfy ! requirem5t "u clause 7i7 ) respect to any prop]ty1 rules simil> to ! rules ( section #de,u7b77#c77;,b77ii7 %all apply = purposes ( ?is subp>agraph4 4 7,b7 ,effective date ,! am5dm5ts made by ?is p>agraph %all apply to prop]ty plac$ 9 s]vice aft] ,decemb] #ca1 #bjbb4 7c7 ,electric vehicles 7#a7 #b- & #c-:eel$ plug-9 electric vehicles 7,a7 ,9 g5]al ,section #cj;,d7g77#c77;,e7 is am5d$ by /rik+ clause 7ii7 & ins]t+ ! foll[+3 7ii7 aft] ,decemb] #ca1 #bjad4 4 7,b7 ,effective date ,! am5dm5ts made by ?is p>agraph %all apply to vehicles acquir$ aft] ,decemb] #ca1 #bjbj4 7#b7 ,elim9ation on limitation on numb] ( vehicles eligible = cr$it 7,a7 ,9 g5]al ,section #cj;,d is am5d$ by /rik+ subsection 7e74 7,b7 ,effective date ,! am5dm5t made by ?is p>agraph %all apply to vehicles sold aft] ,may #bd1 #bjba4 7#c7 ,mak+ new qualifi$ plug-9 electric drive motor vehicle cr$it refundable = individuals 7,a7 ,9 g5]al ,! ,int]nal ,rev5ue ,code ( #aihf is am5d$-- 7i7 by r$esignat+ section #cj;,d z section #cf;,c1 & 7ii7 by mov+ section #cf;,c 7z s r$esignat$7 f subp>t ,a ( "p ,,iv ( sub*apt] ,a ( *apt] #a to ! location imm$iately be=e section #cg 9 subp>t ,c ( "p ,,iv ( sub*apt] ,a ( *apt] #a4 7,b7 ,con=m+ am5dm5ts 7i7 ,section #cf;,c1 z am5d$ by p>agraph 7#b7 & z r$esignat$ & mov$ by subp>agraph 7,a71 is am5d$-- 7,i7 9 subsection 7a71 by /rik+ ,!re %all be all[$ & ins]t+ ,9 ! case ( an individual1 !re %all be all[$1 7,,ii7 by /rik+ subsection 7c71 7,,iii7 by r$esignat+ subsections 7d71 7f71 & 7g7 z subsections 7c71 7d71 & 7e71 respectively1 7,,iv7 9 subsection 7d71 z s r$esignat$-- 7aa7 by /rik+ 7det]m9$ )\t reg>d to subsection 7c77 ea* place x appe>s1 & 7bb7 by /rik+ p>agraph 7#c71 & 7,v7 9 subsection 7e77#c77;,b71 z s r$esignat$1 by /rik+ subsection 7d77#a7 & ins]t+ subsection 7c77#a74 7ii7 ,subsection 7l77#a7 ( section #cj;,b1 z add$ by subsection 7a77#b71 is am5d$ by /rik+ section #cj;,d7d77#a7 & ins]t+ section #cf;,c7c77#a74 7iii7 ,p>agraph 7#cg7 ( section #ajaf7;a7 is am5d$ by /rik+ section #cj;,d7f77#a7 & ins]t+ section #cf;,c7d77#a74 7iv7 ,section #feja7m7 is am5d$ by /rik+ #cj;,d7e77#d7 & ins]t+ #cf;,c7d77#f74 7v7 ,section #aff7;b77#e77;,a77ii7 ( title #bc1 ,unit$ ,/ates ,code1 is am5d$ by /rik+ section #cj;,d7d77#a7 & ins]t+ section #cf;,c7c77#a74 7vi7 ,! table ( sections = subp>t ,c ( "p ,,iv ( sub*apt] ,a ( *apt] #a is am5d$ by ins]t+ aft] ! item relat+ to section #cf;,b ! foll[+ new item3 ,sec4 #cf;,c4 ,new qualifi$ plug-9 electric drive motor vehicles4 4 7,c7 ,effective date ,! am5dm5ts made by ?is p>agraph %all apply to vehicles acquir$ aft] ,decemb] #ca1 #bjba4 7#d7 ,,v9 requirem5t 7,a7 ,9 g5]al ,section #cf;,c7c77#a71 z r$esignat$ & mov$ by p>agraph 7#c71 is am5d$-- 7i7 9 subp>agraph 7,e71 by /rik+ & at ! end1 7ii7 9 subp>agraph 7,f77ii71 by /rik+ ! p]iod at ! end & ins]t+ 1 &1 & 7iii7 by add+ at ! end ! foll[+3 7,g7 = :i* ! taxpay] has provid$ ! vehicle id5tification numb] on ! return ( tax = ! taxable ye>1 unless1 9 accordance ) applicable rules promulgat$ by ! ,secret>y ( ,transportation1 ! vehicle is n assign$ su* a numb]4 4 7,b7 ,ma!matical or cl]ical error ,section #fbac7;g77#b7 is am5d$-- 7i7 9 subp>agraph 7,p71 by /rik+ & at ! end1 7ii7 9 subp>agraph 7,q71 by /rik+ ! p]iod at ! end & ins]t+ 1 &1 & 7iii7 by add+ at ! end ! foll[+3 7,r7 an omission ( a correct vehicle id5tification numb] requir$ "u section #cf;,c7c77#a77;,g7 7relat+ to cr$it = new qualifi$ plug-9 electric drive motor vehicles7 to be includ$ on a return1 or ! inclusion ( any in=mation ) respect to ! cr$it "u section #cf;,c :i* is inconsi/5t ) ! report provid$ "u section #cf;,c7g74 4 7,c7 ,effective date ,! am5dm5ts made by ?is p>agraph %all apply to vehicles acquir$ aft] ,decemb] #ca1 #bjba4 7#e7 ,phase\t ,section #cf;,c1 z r$esignat$1 mov$1 & am5d$ by ! prec$+ p>agraphs ( ?is subsection1 is am5d$ by add+ at ! end ! foll[+3 7f7 ,cr$it phase-out 7#a7 ,9 g5]al ,foll[+ a det]m9ation by ! ,secret>y & ! ,secret>y ( ,transportation t total annual sales ( new qualifi$ fuel cell motor vehicles 7z def9$ 9 section #cj;,b7b77#c77 & new qualifi$ plug-9 electric drive motor vehicles 9 ! ,unit$ ,/ates are great] ?an #ej p]c5t ( total annual sales ( new pass5g] vehicles 9 ! ,unit$ ,/ates1 ! am\nt ( ! cr$it all[$ "u ?is section = any new qualifi$ plug-9 electric drive motor vehicle sold or qualifi$ #b- or #c-:eel$ plug-9 electric vehicle acquir$ dur+ a cal5d> ye> describ$ 9 p>agraph 7#b7 %all be equal to ! product (-- 7,a7 ! am\nt ( ! cr$it det]m9$ "u subsection 7a7 )\t reg>d to ?is subsection1 multipli$ by 7,b7 ! phase-out p]c5tage "u p>agraph 7#b74 7#b7 ,phase-out p]c5tage ,! phase-out p]c5tage "u ?is p>agraph is equal to-- 7,a7 = a vehicle sold or acquir$ dur+ ! fir/ cal5d> ye> foll[+ ! cal5d> ye> 9 :i* ! det]m9ation describ$ 9 p>agraph 7#a7 is made1 #ajj p]c5t1 7,b7 = a vehicle sold or acquir$ dur+ ! second cal5d> ye> foll[+ su* det]m9ation ye>1 #ge p]c5t1 7,c7 = a vehicle sold or acquir$ dur+ ! ?ird cal5d> ye> foll[+ su* det]m9ation ye>1 #ej p]c5t1 & 7,d7 = a vehicle sold or acquir$ dur+ any cal5d> ye> subsequ5t to ! ye> describ$ 9 subp>agraph 7,c71 #j p]c5t4 4 7#f7 ,cr$it increase 7,a7 ,9 g5]al ,subsection 7b7 ( section #cf;,c1 z r$esignat$ & mov$ by ! prec$+ p>agraphs ( ?is subsection1 is am5d$-- 7i7 by add+ at ! end ! foll[+ new p>agraphs3 7#d7 ,vehicles produc$ by labor organization facility ,9 ! case ( a vehicle ! f9al assembly ( :i* is at a facility ^: production work]s are memb]s ( or repres5t$ by a labor organization1 ! am\nt det]m9$ "u ?is p>agraph is #b1ejj4 7#e7 ,assembly 9 ,unit$ ,/ates ,9 ! case ( a vehicle-- 7,a7 ! f9al assembly ( :i* is at a facility :i* is locat$ 9 ! ,unit$ ,/ates1 & 7,b7 :i* is acquir$ be=e ,janu>y #a1 #bjbf1 ! am\nt det]m9$ "u ?is p>agraph is #b1ejj4 1 7ii7 by /rik+ is #b1ejj4 9 p>agraph 7#b7 & ins]t+ 8is-- 7i7 #b1ejj1 9 ! case ( a vehicle sold be=e ,janu>y #a1 #bjbf1 & 7ii7 #e1jjj1 9 ! case ( a vehicle sold aft] ,decemb] #ca1 #bjbe4 & 7iii7 by /rik+ p>agraphs 7#b7 & 7#c7 9 p>agraph 7#a7 & ins]t+ p>agraphs 7#b71 7#c71 7#d71 & 7#e74 7,b7 ,effective date ,! am5dm5ts made by ?is p>agraph %all apply to vehicles acquir$ aft] ,decemb] #ca1 #bjba4 7#g7 ,limitation bas$ on place ( assembly 7,a7 ,9 g5]al ,p>agraph 7#a7 ( section #cf;,c7c71 z r$esignat$1 mov$1 & am5d$ by ! prec$+ p>agraphs ( ?is subsection1 is fur!r am5d$-- 7i7 by /rik+ & at ! end ( subp>agraph 7,f77ii71 7ii7 by /rik+ ! p]iod at ! end ( subp>agraph 7,g7 & ins]t+ 1 &1 & 7iii7 by add+ at ! end ! foll[+ new subp>agraph3 7,h7 9 ! case ( a vehicle sold aft] ,decemb] #ca1 #bjbe1 ! f9al assembly ( :i* is at a facility :i* is locat$ 9 ! ,unit$ ,/ates4 4 7,b7 ,effective date ,! am5dm5ts made by ?is p>agraph %all apply to vehicles acquir$ aft] ,decemb] #ca1 #bjba4 7#h7 ,limitation bas$ on manufactur]'s sugge/$ retail price 7,a7 ,9 g5]al ,p>agraph 7#a7 ( section #cf;,c7c71 z r$esignat$1 mov$1 & am5d$ by ! prec$+ p>agraphs ( ?is subsection1 is fur!r am5d$-- 7i7 by /rik+ & at ! end ( subp>agraph 7,g71 7ii7 by /rik+ ! p]iod at ! end ( subp>agraph 7,h7 & ins]t+ 1 &1 & 7iii7 by add+ at ! end ! foll[+ new subp>agraph3 7,i7 ! manufactur]'s sugge/$ retail price = :i* is n 9 excess ( #hj1jjj4 4 7,b7 ,effective date ,! am5dm5ts made by ?is p>agraph %all apply to vehicles acquir$ aft] ,decemb] #ca1 #bjba4 7#i7 ,report+ requirem5t 7,a7 ,9 g5]al ,section #cf;,c1 z r$esignat$1 mov$1 & am5d$ by ! prec$+ p>agraphs ( ?is subsection1 is fur!r am5d$ by add+ at ! end ! foll[+ new subsection3 7g7 ,report+ requirem5t ,! p]son :o sells or leases any new qualifi$ plug-9 electric drive motor vehicle to ! taxpay] %all furni% a report to ! taxpay] & to ! ,secret>y1 at su* "t & 9 su* mann] z ! ,secret>y %all provide1 conta9+-- 7#a7 ! taxpay]'s "n & taxpay] id5tification numb]1 7#b7 ! vehicle id5tification numb] ( ! vehicle1 unless1 9 accordance ) applicable rules promulgat$ by ! ,secret>y ( ,transportation1 ! vehicle is n assign$ su* a numb]1 7#c7 ! batt]y capacity ( ! vehicle1 7#d7 v]ification t orig9al use ( ! vehicle comm5ces ) ! taxpay]1 & 7#e7 ! maximum cr$it "u ?is section all[able to ! taxpay] ) respect to ! vehicle4 4 7,b7 ,effective date ,! am5dm5ts made by ?is p>agraph %all apply to vehicles acquir$ aft] ,decemb] #ca1 #bjba4 7#aj7 ,limitation to non-bus9ess vehicles 7,a7 ,9 g5]al ,p>agraph 7#a7 ( section #cf;,c7c71 z r$esignat$1 mov$1 & am5d$ by ! prec$+ p>agraphs ( ?is subsection1 is fur!r am5d$-- 7i7 by /rik+ & at ! end ( subp>agraph 7,h71 7ii7 by /rik+ ! p]iod at ! end ( subp>agraph 7,i7 & ins]t+ 1 &1 & 7iii7 by add+ at ! end ! foll[+ new subp>agraph3 7,j7 :i* is n ( a "* subject to ! all[ance = depreciation4 4 7,b7 ,effective date ,! am5dm5ts made by ?is p>agraph %all apply to vehicles acquir$ aft] ,decemb] #ca1 #bjba4 7#aa7 ,qualifi$ comm]cial electric vehicles 7,a7 ,9 g5]al ,subp>t ,d ( "p ,,iv ( sub*apt] ,a ( *apt] #a1 z am5d$ by sections #aja & #bja1 is am5d$ by add+ at ! end ! foll[+ new section3 #de,w4 ,cr$it = qualifi$ comm]cial electric vehicles 7a7 ,9 g5]al ,= purposes ( section #ch1 ! qualifi$ comm]cial electric vehicle cr$it = any taxable ye> is an am\nt equal to ! sum ( ! cr$it am\nts det]m9$ "u subsection 7b7 ) respect to ea* qualifi$ comm]cial electric vehicle plac$ 9 s]vice by ! taxpay] dur+ ! taxable ye>4 7b7 ,p] vehicle am\nt 7#a7 ,9 g5]al ,! am\nt det]m9$ "u ?is subsection ) respect to any qualifi$ comm]cial electric vehicle %all be equal to ! less] (-- 7,a7 #cj p]c5t ( ! basis ( su* vehicle1 or 7,b7 ! increm5tal co/ ( su* vehicle4 7#b7 ,increm5tal co/ 7,a7 ,9 g5]al ,= purposes ( p>agraph 7#a77;,b71 ! increm5tal co/ ( any qualifi$ comm]cial electric vehicle is an am\nt equal to ! excess ( ! pur*ase price = su* vehicle ov] su* price = a comp>able vehicle4 7,b7 ,comp>able vehicle ,= purposes ( ?is p>agraph1 ! t]m comp>able vehicle means1 ) respect to any qualifi$ comm]cial electric vehicle1 any vehicle :i* is p[]$ solely by a gasol9e or diesel int]nal combu/ion eng9e & :i* is comp>able 9 weight1 size1 & use to su* vehicle4 7,c7 ,comp>ative price ,= purposes ( subp>agraph 7,a71 ! ,secret>y & ! ,secret>y ( ,transportation %all publi% an annual li/ ( prices ( v>i\s types & classes ( comm]cial vehicles describ$ 9 subp>agraph 7,b74 7#c7 ,exclusion ,= purposes ( p>agraph 7#a77;,a71 ! basis ( any qualifi$ comm]cial electric vehicle :i* is a qualifi$ electric transportation option %all n include any co/ relat+ to any compon5t or feature :i*-- 7,a7 is n integral to ! vehicle1 or 7,b7 does n contribute to improv+ ! effici5cy or range ( ! electric propulsion ( ! vehicle4 7c7 ,qualifi$ comm]cial electric vehicle ,= purposes ( ?is section-- 7#a7 ,9 g5]al ,! t]m qualifi$ comm]cial electric vehicle means-- 7,a7 any vehicle :i*-- 7i7 meets ! requirem5ts ( subp>agraphs 7,a71 7,b71 7,c71 7,d71 & 7,g7 ( section #cf;,c7c77#a71 7ii7 is prim>ily propell$ by an electric motor :i* draws electricity f a batt]y :i*-- 7,i7 has a capacity ( n less ?an #aj kil[att h\rs1 & 7,,ii7 is capable ( be+ re*>g$ f an ext]nal s\rce ( electricity1 & 7iii7 is ( a "* subject to ! all[ance = depreciation1 & 7,b7 any qualifi$ electric transportation option4 7#b7 ,qualifi$ electric transportation option 7,a7 ,9 g5]al ,! t]m qualifi$ electric transportation option means any vehicle us$ 9 any mann] ( transportation-- 7i7 ! orig9al use ( :i* comm5ces ) ! taxpay]1 7ii7 :i* is acquir$ = use or lease by ! taxpay] & n = resale1 7iii7 :i* is capable ( mov+ pass5g]s1 c>go1 or prop]ty1 7iv7 :i* is p[]$ by an integrat$1 on-bo>d electric propulsion sy/em :i*-- 7,i7 is ! prim>y s\rce ( propulsion1 7,,ii7 is capable ( p[]+ ! vehicle 7includ+ any ( its compon5ts & accessories7 = n less ?an #b_/c ( ! maximum op]at+ p]iod betwe5 re*>g+ or refuel+ ( su* vehicle1 & 7,,iii7 9 ! case ( a vehicle :i* d]ives any ( its p[] f ! on-bo>d combu/ion ( a fuel1 uses a r5ewable fuel1 7v7 :i* 0 manufactur$ = sale 9 comm]cial quantities ) a reasonable expectation ( pr(it1 7vi7 :i* is 9 compliance ) any applicable safety or air quality /&>ds1 z det]m9$ by ! ,secret>y1 ! ,secret>y ( ,transportation1 ! ,secret>y ( ,homel& ,security1 & ! ,adm9i/rator ( ! ,environm5tal ,protection ,ag5cy1 & 7vii7 :i* is ( a "* subject to ! all[ance = depreciation4 7,b7 ,on-bo>d electric propulsion sy/em ,= purposes ( ?is p>agraph1 ! t]m on-bo>d electric propulsion sy/em means-- 7i7 #a or m on-bo>d traction batt]ies :i*-- 7,i7 are integrat$ or swappable1 & 7,,ii7 h an aggregate capacity 7z def9$ 9 subsection 7d77#d77 ( n less ?an #aj kil[att h\rs1 or 7ii7 an on-bo>d p[] s\rce o!r ?an a batt]y ) an electrical output capacity equival5t ( n less ?an #aj kil[att h\rs1 z det]m9$ by ! ,secret>y4 7,c7 ,r5ewable fuel ,= purposes ( ?is p>agraph1 ! t]m r5ewable fuel means any fuel at lea/ #he p]c5t ( ! volume ( :i* consi/s ( "o or m ( ! foll[+3 7i7 ,e?anol4 7ii7 ,biodiesel 7z def9$ 9 section #dj;,a7d77#a774 7iii7 ,advanc$ bi(uel 7z def9$ 9 section #baa7o77#a77;,b7 ( ! ,clean ,air ,act 7#db ,u4,s4,c4 #gede7o77#a77;,b7774 7iv7 ,r5ewable natural gas4 7v7 ,hydrog54 7d7 ,special rules 7#a7 ,9 g5]al ,rules simil> to ! rules "u subsection 7d7 ( section #cf;,c %all apply = purposes ( ?is section4 7#b7 ,prop]ty us$ by tax-exempt entity ,9 ! case ( a vehicle ! use ( :i* is describ$ 9 p>agraph 7#c7 or 7#d7 ( section #ej7;b7 & :i* is n subject to a lease1 ! p]son :o sold su* vehicle to ! p]son or entity us+ su* vehicle %all be treat$ z ! taxpay] t plac$ su* vehicle 9 s]vice1 b only if su* p]son cle>ly discloses to su* p]son or entity 9 a docum5t ! am\nt ( any cr$it all[able "u subsection 7a7 ) respect to su* vehicle4 7e7 ,cr$it phase-out 7#a7 ,9 g5]al ,foll[+ a det]m9ation by ! ,secret>y & ! ,secret>y ( ,transportation t total annual sales ( qualifi$ comm]cial electric vehicles 9 ! ,unit$ ,/ates are great] ?an #ej p]c5t ( total annual sales ( new comm]cial vehicles 9 ! ,unit$ ,/ates1 ! am\nt ( ! cr$it all[$ "u ?is section = any qualifi$ comm]cial electric vehicle acquir$ dur+ a cal5d> ye> describ$ 9 p>agraph 7#b7 %all be equal to ! product (-- 7,a7 ! am\nt ( ! cr$it det]m9$ "u subsection 7a7 )\t reg>d to ?is subsection1 multipli$ by 7,b7 ! phase-out p]c5tage "u p>agraph 7#b74 7#b7 ,phase-out p]c5tage ,! phase-out p]c5tage "u ?is p>agraph is equal to-- 7,a7 = a vehicle acquir$ dur+ ! fir/ cal5d> ye> foll[+ ! cal5d> ye> 9 :i* ! det]m9ation describ$ 9 p>agraph 7#a7 is made1 #ajj p]c5t1 7,b7 = a vehicle acquir$ dur+ ! second cal5d> ye> foll[+ su* det]m9ation ye>1 #ge p]c5t1 7,c7 = a vehicle acquir$ dur+ ! ?ird cal5d> ye> foll[+ su* det]m9ation ye>1 #ej p]c5t1 & 7,d7 = a vehicle acquir$ dur+ any cal5d> ye> subsequ5t to ! ye> describ$ 9 subp>agraph 7,c71 #j p]c5t4 7f7 ,report+ requirem5t ,! p]son :o sells or leases any qualifi$ comm]cial electric vehicle to ! taxpay] %all furni% a report to ! taxpay] & to ! ,secret>y1 at su* "t & 9 su* mann] z ! ,secret>y %all provide1 conta9+-- 7#a7 ! taxpay]'s "n & taxpay] id5tification numb]1 7#b7 ! vehicle id5tification numb] ( ! vehicle1 unless1 9 accordance ) applicable rules promulgat$ by ! ,secret>y ( ,transportation1 ! vehicle is n assign$ su* a numb]1 7#c7 ! batt]y capacity ( ! vehicle1 7#d7 v]ification t orig9al use ( ! vehicle comm5ces ) ! taxpay]1 & 7#e7 ! maximum cr$it "u ?is section all[able to ! taxpay] ) respect to ! vehicle4 4 7,b7 ,ma!matical or cl]ical error ,section #fbac7;g77#b71 z am5d$ by p>agraph 7#d71 is fur!r am5d$-- 7i7 9 subp>agraph 7,q71 by /rik+ & at ! end1 7ii7 9 subp>agraph 7,r71 by /rik+ ! p]iod at ! end & ins]t+ 1 &1 & 7iii7 by add+ at ! end ! foll[+3 7,s7 ! inclusion ( any in=mation = purposes ( ! cr$it "u section #de,w :i* is inconsi/5t ) ! report provid$ "u section #de,w7f74 4 7,c7 ,con=m+ am5dm5ts 7i7 ,section #ch7;b71 z am5d$ by section #bja1 is fur!r am5d$ by /rik+ p>agraph 7#cj7 & ins]t+ ! foll[+3 7#cj7 ! qualifi$ comm]cial electric vehicle cr$it det]m9$ "u section #de,w1 4 7ii7 ,! table ( sections = subp>t ,d ( "p ,,iv ( sub*apt] ,a ( *apt] #a1 z am5d$ by sections #aja & #ajb1 is am5d$ by add+ at ! end ! foll[+ new item3 ,sec4 #de,w4 ,qualifi$ comm]cial electric vehicle cr$it4 4 7,d7 ,effective date ,! am5dm5ts made by ?is p>agraph %all apply to vehicles acquir$ aft] ,decemb] #ca1 #bjba4 7#ab7 ,c]tification by ,secret>y ,no cr$it %all be all[$ "u section #cf;,c or section #de,w ( ! ,int]nal ,rev5ue ,code ( #aihf = any vehicle acquir$ aft] ,decemb] #ca1 #bjba1 unless ! ,secret>y ( ! ,treasury c]tifies t no cr$it "u ei!r su* section w be all[$ ) respect to any new qualifi$ plug-9 electric drive motor vehicle1 any qualifi$ #b- or #c-:eel$ plug-9 electric vehicle1 or any qualifi$ comm]cial electric vehicle ! f9al assembly ( :i* is 9 ! ,p's ,republic ( ,*9a4 #bjc4 ,cr$it = production ( clean hydrog5 7a7 ,9 g5]al ,subp>t ,d ( "p ,,iv ( sub*apt] ,a ( *apt] #a1 z am5d$ by sections #aja1 #bja1 & #bjb1 is am5d$ by add+ at ! end ! foll[+ new section3 #de,x4 ,cr$it = production ( clean hydrog5 7a7 ,am\nt ( cr$it ,= purposes ( section #ch1 ! clean hydrog5 production cr$it = any taxable ye> is an am\nt equal to ! product (-- 7#a7 ! applicable am\nt1 multipli$ by 7#b7 ! kilograms ( qualifi$ clean hydrog5-- 7,a7 produc$ by ! taxpay] at a qualifi$ clean hydrog5 production facility dur+ ! #aj-ye> p]iod beg9n+ on ! date ! facility 0 plac$ 9 s]vice1 & 7,b7 sold by ! taxpay] to an unrelat$ p]son1 or us$ by ! taxpay]1 dur+ ! taxable ye>4 7b7 ,applicable am\nt 7#a7 ,9 g5]al ,= purposes ( subsection 7a77#a71 ! applicable am\nt %all be an am\nt equal to ! applicable p]c5tage ( #c4jj4 ,if any am\nt z det]m9$ "u ! prec$+ s5t5ce is n a multiple ( #j4a c5t1 su* am\nt %all be r\nd$ to ! ne>e/ multiple ( #j4a c5t4 7#b7 ,applicable p]c5tage ,= purposes ( p>agraph 7#a71 ! t]m applicable p]c5tage means-- 7,a7 9 ! case ( any qualifi$ clean hydrog5 :i* is produc$ ?r\gh a process t1 z comp>$ to hydrog5 produc$ by /eam-me?ane re=m+1 a*ieves a p]c5tage r$uction 9 lifecycle gre5h\se gas emissions :i* is less ?an #ge p]c5t1 #bj p]c5t1 7,b7 9 ! case ( any qualifi$ clean hydrog5 :i* is produc$ ?r\gh a process t1 z comp>$ to hydrog5 produc$ by /eam-me?ane re=m+1 a*ieves a p]c5tage r$uction 9 lifecycle gre5h\se gas emissions :i* is n less ?an #ge p]c5t & less ?an #he p]c5t1 #be p]c5t1 7,c7 9 ! case ( any qualifi$ clean hydrog5 :i* is produc$ ?r\gh a process t1 z comp>$ to hydrog5 produc$ by /eam-me?ane re=m+1 a*ieves a p]c5tage r$uction 9 lifecycle gre5h\se gas emissions :i* is n less ?an #he p]c5t & less ?an #ie p]c5t1 #cd p]c5t1 & 7,d7 9 ! case ( any qualifi$ clean hydrog5 :i* is produc$ ?r\gh a process t1 z comp>$ to hydrog5 produc$ by /eam-me?ane re=m+1 a*ieves a p]c5tage r$uction 9 lifecycle gre5h\se gas emissions :i* is n less ?an #ie p]c5t1 #ajj p]c5t4 7#c7 ,inflation adju/m5t ,! #c4jj am\nt 9 p>agraph 7#a7 %all be adju/$ by multiply+ su* am\nt by ! inflation adju/m5t factor 7z det]m9$ "u section #de7;e77#b71 det]m9$ by sub/itut+ #bjbj = #aiib 9 subp>agraph 7,b7 !re(7 = ! cal5d> ye> 9 :i* ! sale or use ( ! qualifi$ clean hydrog5 occurs4 ,if any am\nt z increas$ "u ! prec$+ s5t5ce is n a multiple ( #j4a c5t1 su* am\nt %all be r\nd$ to ! ne>e/ multiple ( #j4a c5t4 7c7 ,cr$it r$uc$ = grants1 tax-exempt bonds1 subsidiz$ en]gy f9anc+1 & o!r cr$its ,! am\nt ( ! cr$it det]m9$ "u subsection 7a7 ) respect to any qualifi$ clean hydrog5 production facility = any taxable ye> %all be r$uc$ 9 a mann] simil> to ! r$uction appli$ "u section #de7;b77#c74 7d7 ,def9itions ,= purposes ( ?is section-- 7#a7 ,lifecycle gre5h\se gas emissions ,= purposes ( ?is section1 ! t]m lifecycle gre5h\se gas emissions has ! same mean+ giv5 su* t]m "u subp>agraph 7,h7 ( section #baa7o77#a7 ( ! ,clean ,air ,act 7#db ,u4,s4,c4 #gede7o77#a771 z 9 effect on ! date ( enactm5t ( ?is section4 7#b7 ,qualifi$ clean hydrog5 7,a7 ,9 g5]al ,! t]m qualifi$ clean hydrog5 means hydrog5 :i* is produc$ ?r\gh a process t1 z comp>$ to hydrog5 produc$ by /eam-me?ane re=m+ ( non-r5ewable natural gas1 a*ieves a p]c5tage r$uction 9 lifecycle gre5h\se gas emissions :i* is n less ?an #ej p]c5t4 7,b7 ,exclusion ,! t]m qualifi$ clean hydrog5 %all n include any hydrog5 = :i* a cr$it is all[$ = ! taxable ye>-- 7i7 "u section #ch :i* is prop]ly allocable to any cr$it det]m9$ "u ?is "p 7o!r ?an ?is section71 or 7ii7 "u sub*apt] ,b ( *apt] #fe ( subtitle ,f4 7#c7 ,qualifi$ clean hydrog5 production facility 7,a7 ,9 g5]al ,! t]m qualifi$ clean hydrog5 production facility means-- 7i7 a facility own$ by ! taxpay]-- 7,i7 :i* produces qualifi$ clean hydrog5 :i*1 ) respect to any taxable ye>1 is sold by ! taxpay] to an unrelat$ p]son or us$ by ! taxpay]1 & 7,,ii7 :i*-- 7aa7 subject to clause 7ii7 ( subp>agraph 7,b71 satisfies ! requirem5ts "u clause 7i7 ( su* subp>agraph1 & 7bb7 ) respect to ! con/ruction ( su* facility1 satisfies ! requirem5ts "u section #eja ( ! ,clean ,en]gy = ,am]ica ,act1 & 7ii7 9 connection ) any facility describ$ 9 clause 7i71 any prop]ty us$ to conv]t fe$/ock to hydrog51 includ+ any equipm5t or support+ facility :i*-- 7,i7 accepts or receives fe$/ock1 7,,ii7 conditions or /ores fe$/ock or hydrog51 or 7,,iii7 di/ributes or r$i/ributes hydrog54 7,b7 ,wage requirem5ts 7i7 ,9 g5]al ,! requirem5ts describ$ 9 ?is subp>agraph ) respect to any facility are t ! taxpay] %all ensure t any labor]s & me*anics employ$ by contractors & subcontractors 9-- 7,i7 ! con/ruction ( su* facility1 or 7,,ii7 = any ye> describ$ 9 subsection 7a77#b77;,a7 = :i* ! cr$it "u ?is section is claim$1 ! alt]ation or repair ( su* facility1 %all be paid wages at rates n less ?an ! prevail+ rates = con/ruction1 alt]ation1 or repair ( a simil> "* 9 ! locality z det]m9$ by ! ,secret>y ( ,labor1 9 accordance ) sub*apt] ,,iv ( *apt] #ca ( title #dj1 ,unit$ ,/ates ,code4 7ii7 ,failure to satisfy wage requirem5ts2 correction & p5alty ,9 ! case ( any taxpay] :i* fails to satisfy ! requirem5t "u clause 7i7 ) respect to ! con/ruction ( any facility or ! alt]ation or repair ( su* facility 9 any ye> dur+ ! p]iod describ$ 9 clause 7i77,,ii71 rules simil> to ! rules ( clauses 7i7 & 7ii7 ( section #de,u7b77#c77;,b7 %all apply = purposes ( ?is subp>agraph4 7#d7 ,/eam-me?ane re=m+ ,! t]m /eam-me?ane re=m+ means a hydrog5 production process 9 :i* high-temp]ature /eam is us$ to produce hydrog5 f natural gas1 )\t c>bon capture & seque/ration4 7e7 ,special rules 7#a7 ,9 g5]al ,rules simil> to ! rules ( p>agraphs 7#c7 & 7#d7 ( section #de7;e7 %all apply = purposes ( ?is section4 7#b7 ,production 9 ! ,unit$ ,/ates ,no cr$it %all be all[$ "u ?is section ) respect to any qualifi$ clean hydrog5 :i* is produc$ outside ( ! ,unit$ ,/ates 7z def9$ 9 section #fch7a7 or any possession ( ! ,unit$ ,/ates 7z def9$ 9 section #fch7b774 7f7 ,cr$it phase-,out 7#a7 ,9 g5]al ,if ! ,secret>y & ! ,adm9i/rator ( ! ,environm5tal ,protection ,ag5cy det]m9e t ! gre5h\se gas emissions f ! transportation ( p]sons & goods annually 9 ! ,unit$ ,/ates are equal to or less ?an #be p]c5t ( ! gre5h\se gas emissions f ! transportation ( p]sons & goods 9 ! ,unit$ ,/ates dur+ cal5d> ye> #bjba1 ! am\nt ( ! clean hydrog5 production cr$it "u ?is section %all be det]m9$ by sub/itut+ ! applicable am\nt 7z det]m9$ "u p>agraph 7#b77;,a77 = ! doll> am\nt 9 subsection 7b77#a74 7#b7 ,applicable doll> am\nt 7,a7 ,9 g5]al ,! applicable am\nt = any taxable ye> describ$ 9 subp>agraph 7,b7 %all be an am\nt equal to ! product (-- 7i7 ! doll> am\nt 9 p>agraphs 7#a7 ( subsection 7b7 7z adju/$ by p>agraph 7#c7 ( su* subsection71 multipli$ by 7ii7 ! phase-out p]c5tage "u subp>agraph 7,b74 7,b7 ,phase-out p]c5tage ,! phase-out p]c5tage "u ?is subp>agraph is equal to-- 7i7 = any taxable ye> beg9n+ 9 ! fir/ cal5d> ye> foll[+ ! cal5d> ye> 9 :i* ! det]m9ation describ$ 9 p>agraph 7#a7 is made1 #ajj p]c5t1 7ii7 = any taxable ye> beg9n+ 9 ! second cal5d> ye> foll[+ su* det]m9ation ye>1 #ge p]c5t1 7iii7 = any taxable ye> beg9n+ 9 ! ?ird cal5d> ye> foll[+ su* det]m9ation ye>1 #ej p]c5t1 & 7iv7 = any taxable ye> beg9n+ 9 any cal5d> ye> subsequ5t to ! ye> describ$ 9 clause 7iii71 #j p]c5t4 7g7 ,guidance ,n lat] ?an #a ye> aft] ! date ( enactm5t ( ?is section1 ! ,secret>y1 ! ,secret>y ( ,en]gy1 & ,adm9i/rator ( ! ,environm5tal ,protection ,ag5cy %all publi% guidance prescrib+ me?ods = det]m9+ ! cr$it bas$ on lifecycle gre5h\se gas emissions4 4 7b7 ,con=m+ am5dm5ts 7#a7 ,section #ch7;b7 ( ! ,int]nal ,rev5ue ,code ( #aihf1 z am5d$ by section #aja1 #bja1 & #bjb1 is am5d$-- 7,a7 9 p>agraph 7#ce71 by /rik+ plus at ! end1 7,b7 9 p>agraph 7#cf71 by /rik+ ! p]iod at ! end & ins]t+ 1 plus1 & 7,c7 by add+ at ! end ! foll[+ new p>agraph3 7#cg7 ! clean hydrog5 production cr$it det]m9$ "u section #de,x7a74 4 7#b7 ,! table ( sections = subp>t ,d ( "p ,,iv ( sub*apt] ,a ( *apt] #a1 z am5d$ by sections #aja1 #bja1 & #bjb1 is am5d$ by add+ at ! end ! foll[+ new item3 ,sec4 #de,x4 ,clean hydrog5 production cr$it4 4 7c7 ,effective date ,! am5dm5ts made by ?is section %all apply to hydrog5 us$ or sold aft] ,decemb] #ca1 #bjbj4 #bjd4 ,tempor>y ext5sions ( exi/+ fuel inc5tives 7a7 ,second g5]ation bi(uel produc] cr$it 7#a7 ,9 g5]al ,section #dj7;b77#f77;,j77i7 is am5d$ by /rik+ #bjbb & ins]t+ #bjbc4 7#b7 ,effective date ,! am5dm5ts made by ?is subsection %all apply to qualifi$ second g5]ation bi(uel production aft] ,decemb] #ca1 #bjba4 7b7 ,cr$it = alt]native fuel mixtures 7#a7 ,9 g5]al ,section #fdbf is am5d$-- 7,a7 9 subsection 7d7-- 7i7 9 p>agraph 7#b77;,d71 by /rik+ liquefi$1 & 7ii7 9 p>agraph 7#e71 by /rik+ #bjba & ins]t+ #bjbb1 & 7,b7 9 subsection 7e7-- 7i7 9 p>agraph 7#b71 by ins]t+ nonliquid hydrog5 or be=e a fuel describ$1 & 7ii7 9 p>agraph 7#c71 by /rik+ #bjba & ins]t+ #bjbb4 7#b7 ,effective date ,! am5dm5ts made by ?is subsection %all apply to fuel sold or us$ aft] ,decemb] #ca1 #bjba4 7c7 ,alt]native fuels 7#a7 ,9 g5]al ,section #fdbg7;e77#f77;,c7 is am5d$ by /rik+ #bjba & ins]t+ #bjbb4 7#b7 ,effective date ,! am5dm5ts made by ?is subsection %all apply to fuel sold or us$ aft] ,decemb] #ca1 #bjba4 ,,iii ,inc5tives = ,en]gy ,effici5cy #cja4 ,cr$it = new en]gy effici5t resid5tial build+s 7a7 ,9 g5]al ,section #de,l is am5d$ to read z foll[s3 #de,l4 ,new en]gy effici5t home cr$it 7a7 ,all[ance ( cr$it ,= purposes ( section #ch1 9 ! case ( an eligible contractor1 ! new en]gy effici5t home cr$it = ! taxable ye> is ! applicable am\nt = ea* qualifi$ resid5ce :i* is-- 7#a7 con/ruct$ by ! eligible contractor1 & 7#b7 acquir$ by a p]son f su* eligible contractor = use z a resid5ce dur+ ! taxable ye>4 7b7 ,applicable am\nt 7#a7 ,9 g5]al ,= purposes ( subsection 7a71 ! applicable am\nt %all be an am\nt equal to-- 7,a7 9 ! case ( a qualifi$ resid5ce describ$ 9 subclause 7,i7 ( subsection 7c77#c77;,a77iii71 #b1ejj1 & 7,b7 9 ! case ( a qualifi$ resid5ce describ$ 9 subclause 7,,ii7 ( su* subsection1 #e1jjj4 7#b7 ,adju/m5t = inflation 7,a7 ,9 g5]al ,9 ! case ( a taxable ye> beg9n+ aft] #bjbb1 ! doll> am\nts 9 p>agraph 7#a7 %all ea* be increas$ by an am\nt equal to-- 7i7 su* doll> am\nt1 multipli$ by 7ii7 ! co/-(-liv+ adju/m5t det]m9$ "u section #a7;f77#c7 = ! cal5d> ye>1 det]m9$ by sub/itut+ cal5d> ye> #bjba = cal5d> ye> #bjaf 9 subp>agraph 7,a77ii7 !re(4 7,b7 ,r\nd+ ,if any am\nt z increas$ "u subp>agraph 7,a7 is n a multiple ( #ajj1 su* am\nt %all be r\nd$ to ! ne>e/ multiple ( #ajj4 7c7 ,def9itions ,= purposes ( ?is section3 7#a7 ,con/ruction ,! t]m con/ruction does n include sub/antial recon/ruction or rehabilitation4 7#b7 ,eligible contractor ,! t]m eligible contractor means-- 7,a7 ! p]son :o con/ruct$ ! qualifi$ resid5ce1 or 7,b7 9 ! case ( a qualifi$ resid5ce :i* is a manufactur$ home1 ! manufactur$ home produc] ( su* resid5ce4 7#c7 ,qualifi$ resid5ce 7,a7 ,9 g5]al ,! t]m qualifi$ resid5ce means a dwell+ unit-- 7i7 locat$ 9 ! ,unit$ ,/ates1 7ii7 ! con/ruction ( :i* is sub/antially complet$ aft] ! date ( ! enactm5t ( ?is section1 7iii7 :i* is c]tifi$ z satisfy+ ! applicable national program requirem5ts "u-- 7,i7 ! ,en]gy ,/> ,resid5tial ,new ,con/ruction program 7or any successor program1 z det]m9$ by ! ,secret>y71 z 9 effect on ,janu>y #a ( ! ye> 9 :i* con/ruction ( ! dwell+ unit beg9s1 or 7,,ii7 ! ,z]o ,en]gy ,ready ,home program 7or any successor program1 z det]m9$ by ! ,secret>y71 z 9 effect on ,janu>y #a ( ! ye> 9 :i* con/ruction ( ! dwell+ unit beg9s1 & 7iv7 9 ! case ( a multifamily dwell+ unit1 subject to clause 7ii7 ( subp>agraph 7,b71 :i* satisfies ! requirem5ts "u clause 7i7 ( su* subp>agraph4 7,b7 ,wage requirem5ts 7i7 ,9 g5]al ,! requirem5ts describ$ 9 ?is clause ) respect to any dwell+ unit are t ! eligible contractor %all ensure t any labor]s & me*anics employ$ by su* contractor & subcontractors 9 ! con/ruction ( su* dwell+ unit %all be paid wages at rates n less ?an ! prevail+ rates = con/ruction ( a simil> "* 9 ! locality z det]m9$ by ! ,secret>y ( ,labor1 9 accordance ) sub*apt] ,,iv ( *apt] #ca ( title #dj1 ,unit$ ,/ates ,code4 7ii7 ,correction & p5alty relat$ to failure to satisfy wage requirem5ts ,9 ! case ( any taxpay] :i* fails to satisfy ! requirem5t "u clause 7i7 ) respect to any dwell+ unit1 rules simil> to ! rules ( section #de,u7b77#c77;,b77ii7 %all apply = purposes ( ?is subp>agraph4 7,c7 ,d5ial ( d\ble b5efit ,! t]m qualifi$ resid5ce does n include any dwell+ unit = :i* a d$uction det]m9$ "u section #agi;,d is all[$ = ! taxable ye> 9 :i* ! dwell+ unit is acquir$ z provid$ 9 subsection 7a77#b74 7d7 ,c]tification ,a c]tification describ$ 9 ?is section %all be made-- 7#a7 by a ?ird p>ty :i* is accr$it$ by a c]tification program approv$ by ! ,secret>y & ! ,secret>y ( ,en]gy1 & 7#b7 9 accordance )-- 7,a7 any applicable rules "u ! national program requirem5ts ( ! ,en]gy ,/> ,resid5tial ,new ,con/ruction or ,z]o ,en]gy ,ready ,home programs1 z 9 effect on ! date on :i* con/ruction ( ! dwell+ unit beg9s1 & 7,b7 guidance prescrib$ by ! ,secret>y & ! ,secret>y ( ,en]gy4 7e7 ,basis adju/m5t ,= purposes ( ?is subtitle1 if a cr$it is all[$ "u ?is section 9 connection ) any exp5diture = any prop]ty 7o!r ?an a qualifi$ l[-income build+1 z describ$ 9 section #db7;c77#b771 ! increase 9 ! basis ( su* prop]ty :i* w\ld 7b = ?is subsection7 result f su* exp5diture %all be r$uc$ by ! am\nt ( ! cr$it s det]m9$4 7f7 ,coord9ation ) inve/m5t cr$its ,= purposes ( ?is section1 exp5ditures tak5 into acc\nt "u section #be;,d or #dg %all n be tak5 into acc\nt "u ?is section4 4 7b7 ,effective date ,! am5dm5t made by ?is section %all apply to any qualifi$ resid5ce acquir$ aft] ,decemb] #ca1 #bjba4 #cjb4 ,en]gy effici5t home improvem5t cr$it 7a7 ,9 g5]al ,section #be;,c is am5d$ to read z foll[s3 #be;,c4 ,en]gy effici5t home improvem5t cr$it 7a7 ,9 g5]al ,9 ! case ( an individual1 !re %all be all[$ z a cr$it aga9/ ! tax impos$ by ?is *apt] = ! taxable ye> an am\nt equal to ! less] (-- 7#a7 ! sum ( ! applicable qualifi$ prop]ty am\nts = any qualifi$ prop]ty plac$ 9 s]vice by ! individual dur+ su* taxable ye>1 or 7#b7 #a1ejj4 7b7 ,applicable qualifi$ prop]ty am\nt 7#a7 ,9 g5]al ,= any qualifi$ prop]ty1 ! applicable qualifi$ prop]ty am\nt %all be equal to ! less] (-- 7,a7 #cj p]c5t ( ! am\nt paid or incurr$ by ! individual = su* qualifi$ prop]ty 7includ+ any exp5ditures = labor co/s prop]ly allocable to ! onsite prep>ation1 assembly1 or orig9al in/allation ( su* prop]ty71 or 7,b7 #fjj4 7#b7 ,adju/m5t = inflation 7,a7 ,9 g5]al ,9 ! case ( a taxable ye> beg9n+ aft] #bjbb1 ea* ( ! doll> am\nts 9 p>agraph 7#a77;,b7 7aft] application ( subsection 7c77#b77 & subsections 7a77#b71 7c77#b77;,a71 & 7c77#b77;,b77i77,i7 %all be increas$ by an am\nt equal to-- 7i7 su* doll> am\nt1 multipli$ by 7ii7 ! co/-(-liv+ adju/m5t det]m9$ "u section #a7;f77#c7 = ! cal5d> ye>1 det]m9$ by sub/itut+ cal5d> ye> #bjba = cal5d> ye> #bjaf 9 subp>agraph 7,a77ii7 !re(4 7,b7 ,r\nd+ ,if any am\nt z increas$ "u subp>agraph 7,a7 is n a multiple ( #aj1 su* am\nt %all be r\nd$ to ! ne>e/ multiple ( #aj4 7c7 ,qualifi$ prop]ty 7#a7 ,9 g5]al ,! t]m qualifi$ prop]ty means a furnace1 boil]1 cond5s+ wat] heat]1 c5tral air condition+ unit1 heat pump1 biomass prop]ty1 or build+ envelope improvem5t :i*-- 7,a7 except z provid$ 9 subp>agraph 7,b71 meets or exce$s ! requirem5ts (-- 7i7 ! highe/ effici5cy ti] 7n includ+ any advanc$ ti]7 e/abli%$ by ! ,consortium = ,en]gy ,effici5cy :i* are 9 effect at ! "t t ! prop]ty is plac$ 9 s]vice1 or 7ii7 if no /&>d e/abli%$ by ! ,consortium = ,en]gy ,effici5cy applies to su* prop]ty1 an equival5t /&>d z e/abli%$ by ! ,secret>y & ! ,adm9i/rator ( ! ,environm5tal ,protection ,ag5cy1 7,b7 9 ! case ( a build+ envelope improvem5t-- 7i7 except z provid$ 9 clause 7ii7 or 7iii71 meets or exce$s ! late/ applicable requirem5ts ( ! ,en]gy ,/> program 7or any successor program1 z det]m9$ by ! ,secret>y71 z 9 effect on ,janu>y #a ( ! ye> 9 :i* ! prop]ty is plac$ 9 s]vice1 7ii7 9 ! case ( a w9d[ treatm5t1 meets or exce$s ! applicable c]tification requirem5ts = su* product "u ! ,atta*m5ts ,en]gy ,rat+ ,c\ncil c]tification program1 or 7iii7 9 ! case ( insulation describ$ 9 subsection 7d77#b77;,a71 meets ! prescriptive crit]ia = su* mat]ial or sy/em e/abli%$ by ! ,int]national ,en]gy ,cons]vation ,code1 z su* ,code 7includ+ supplem5ts7 is 9 effect on ,janu>y #a ( ! cal5d> ye> 9 :i* su* mat]ial or sy/em is in/all$1 7,c7 is in/all$ accord+ to applicable ,air ,condition+ ,contractors ( ,am]ica ,quality ,in/allation /&>ds :i* are 9 effect at ! "t t ! prop]ty 0 plac$ 9 s]vice1 7,d7 is = use 9 a dwell+ unit :i* is locat$ 9 ! ,unit$ ,/ates & us$ z a resid5ce by ! individual1 & 7,e7 is reasonably expect$ to rema9 9 s]vice 9 su* dwell+ unit = n less ?an #e ye>s4 7#b7 ,special rules = c]ta9 heat pumps 7,a7 ,air-s\rce heat pumps ,9 ! case ( any air-s\rce heat pump :i* satisfies ! requirem5ts "u p>agraph 7#a71 subsection 7b77#a77;,b7 %all be appli$ by sub/itut+ #hjj = #fjj4 7,b7 ,gr\nd s\rce heat pump 7i7 ,9 g5]al ,9 ! case ( any qualifi$ geo!rmal heat pump prop]ty :i* satisfies ! requirem5ts "u subp>agraphs 7,c7 ?r\gh 7,e7 ( p>agraph 7#a7-- 7,i7 subsection 7b77#a77;,b7 %all be appli$ by sub/itut+ #aj1jjj = #fjj1 & 7,,ii7 subsection 7a77#b7 %all be appli$ )\t reg>d to ! applicable qualifi$ prop]ty am\nt = su* prop]ty4 7ii7 ,qualifi$ geo!rmal heat pump prop]ty ,= purposes ( ?is subp>agraph1 ! t]m qualifi$ geo!rmal heat pump prop]ty means any equipm5t :i*-- 7,i7 uses ! gr\nd or gr\nd wat] z a !rmal en]gy s\rce to heat a dwell+ unit locat$ 9 ! ,unit$ ,/ates & us$ z a resid5ce by ! taxpay] or z a !rmal en]gy s9k to cool su* dwell+ unit1 & 7,,ii7 meets ! requirem5ts ( ! ,en]gy ,/> program :i* are 9 effect z ( ,janu>y #a ( ! cal5d> ye> 9 :i* ! exp5diture = su* equipm5t is made4 7#c7 ,special rule = insulation ,9 ! case ( any build+ envelope improvem5t describ$ 9 subsection 7d77#b77;,a7 :i* satisfies ! applicable requirem5ts "u p>agraph 7#a71 subsection 7b77#a7 %all be appli$ )\t reg>d to ! less] ( & )\t reg>d to subp>agraph 7,b74 7d7 ,o!r def9itions 7#a7 ,biomass prop]ty 7,a7 ,9 g5]al ,= purposes ( ?is section1 ! t]m biomass prop]ty means any prop]ty :i*-- 7i7 uses ! burn+ ( biomass fuel to heat a dwell+ unit or to heat wat] = use 9 a dwell+ unit1 & 7ii7 us+ ! high] heat+ value1 has a !rmal effici5cy ( n less ?an #ge p]c5t4 7,b7 ,biomass fuel ,= purposes ( subp>agraph 7,a71 ! t]m biomass fuel means any plant-d]iv$ fuel :i* is available on a r5ewable or recurr+ basis1 includ+ any su* fuel :i* has be5 subject to a d5sification process 7su* z wood pellets74 7#b7 ,build+ envelope improvem5t ,= purposes ( ?is section1 ! t]m build+ envelope improvem5t means-- 7,a7 any insulation mat]ial or sy/em1 includ+ air b>ri] insulation1 :i* is specifically & prim>ily design$ to r$uce ! heat loss or ga9 ( a dwell+ unit :5 in/all$ 9 or on su* dwell+ unit1 & 7,b7 ext]ior doors & w9d[s 7includ+ skylights74 7#c7 ,manufactur$ homes includ$ ,= purposes ( ?is section1 ! t]m dwell+ unit includes a manufactur$ home :i* con=ms to ,f$]al ,manufactur$ ,home ,con/ruction & ,safety ,/&>ds 7"p #cbhj ( title #bd1 ,code ( ,f$]al ,regulations74 7e7 ,d5ial ( d\ble b5efit ,no cr$it %all be all[$ "u subsection 7a7 = any am\nts paid or incurr$ = :i* a d$uction or cr$it is all[$ "u any o!r provision ( ?is *apt]4 4 7b7 ,cl]ical am5dm5t ,! table ( sections = subp>t ,a ( "p ,,iv ( sub*apt] ,a ( *apt] #a is am5d$ by /rik+ ! item relat+ to section #be;,c & ins]t+ aft] ! item relat+ to section #be;,b ! foll[+ item3 #be;,c4 ,en]gy effici5t home improvem5t cr$it4 4 7c7 ,effective date ,! am5dm5ts made by ?is section %all apply to qualifi$ prop]ty plac$ 9 s]vice aft] ,decemb] #ca1 #bjba4 #cjc4 ,enhancem5t ( en]gy effici5t comm]cial build+s d$uction 7a7 ,maximum am\nt ( d$uction 7#a7 ,9 g5]al ,section #agi;,d is am5d$-- 7,a7 by /rik+ subsection 7b7 & ins]t+ ! foll[+3 7b7 ,maximum am\nt ( d$uction 7#a7 ,9 g5]al ,! d$uction "u subsection 7a7 ) respect to any build+ = any taxable ye> %all n exce$ ! excess 7if any7 (-- 7,a7 ! product (-- 7i7 ! applicable doll> value1 & 7ii7 ! squ>e footage ( ! build+1 ov] 7,b7 ! aggregate am\nt ( ! d$uctions "u subsection 7a7 ) respect to ! build+ = ! #c ye>s imm$iately prec$+ su* taxable ye>4 7#b7 ,applicable doll> value ,= purposes ( p>agraph 7#a77;,a77i71 ! applicable doll> value %all be an am\nt equal to #b4ej increas$ 7b n above #e4jj7 by #j4aj = ea* p]c5tage po9t by :i* ! total annual en]gy & p[] co/s = ! build+ are c]tifi$ to be r$uc$ by a p]c5tage great] ?an #be p]c5t4 1 & 7,b7 9 subsection 7d77#a77;,a7-- 7i7 by /rik+ subsection 7b7 & ins]t+ subsection 7b77#b71 & 7ii7 by /rik+ #a4hj & ins]t+ #b4ej4 7#b7 ,inflation adju/m5t ,section #agi;,d7g7 is am5d$ to read z foll[s3 7g7 ,inflation adju/m5t 7#a7 ,9 g5]al ,9 ! case ( a taxable ye> beg9n+ aft] #bjbb1 ea* doll> am\nt 9 subsection 7b77#b7 7& ! #b4ej am\nt 9 subsection 7d77#a77;,a77 %all be increas$ by an am\nt equal to-- 7,a7 su* doll> am\nt1 multipli$ by 7,b7 ! co/-(-liv+ adju/m5t det]m9$ "u section #a7;f77#c7 = ! cal5d> ye> 9 :i* ! taxable ye> beg9s1 det]m9$ by sub/itut+ cal5d> ye> #bjba = cal5d> ye> #bjaf 9 subp>agraph 7,a77ii7 !re(4 ,any increase det]m9$ "u ! prec$+ s5t5ce :i* is n a multiple ( #aj c5ts %all be r\nd$ to ! ne>e/ multiple ( #aj c5ts4 7#b7 ,p>tial all[ance ,9 ! case ( a taxable ye> beg9n+ aft] #bjbj1 ! 4#fj am\nt 9 7d77#a77;,a7 %all be increas$ by an am\nt equal to-- 7,a7 su* doll> am\nt1 multipli$ by 7,b7 ! co/-(-liv+ adju/m5t det]m9$ "u section #a7;f77#c7 = ! cal5d> ye> 9 :i* ! taxable ye> beg9s1 det]m9$ by sub/itut+ cal5d> ye> #bjai = cal5d> ye> #bjaf 9 subp>agraph 7,a77ii7 !re(4 ,any increase det]m9$ "u ! prec$+ s5t5ce :i* is n a multiple ( #a c5t %all be r\nd$ to ! ne>e/ c5t4 4 7b7 ,def9ition ( en]gy effici5t build+ prop]ty 7#a7 ,en]gy r$uction /&>d ,section #agi;,d7c77#a77;,d7 is am5d$ by /rik+ #ej p]c5t & ins]t+ #be p]c5t4 7#b7 ,inclusion ( multifamily build+s 7,a7 ,9 g5]al ,subp>agraph 7,b7 ( section #agi;,d7c77#a7 is am5d$ to read z foll[s3 7,b7 :i* is in/all$ on or 9 any comm]cial build+ or multifamily build+ :i* is locat$ )9 ! ,unit$ ,/ates1 4 7,b7 ,application ( /&>ds ,subp>agraph 7,d7 ( section #agi;,d7c7 is am5d$-- 7i7 by /rik+ meets ! m9imum requirem5ts ( ,ref]5ce ,/&>d #ij4a us+ me?ods ( calculation "u subsection 7d77#b7 & ins]t+ meets-- 7i7 9 ! case ( any prop]ty )9 ! scope ( ,ref]5ce ,/&>d #ij4a1 ! m9imum requirem5ts ( ,ref]5ce ,/&>d #ij4a us+ me?ods ( calculation "u subsection 7d77#b71 & 7ii7 9 ! case ( any o!r prop]ty1 ! m9imum requirem5ts ( a comp>able /&>d to ,ref]5ce ,/&>d #ij4a :i* %all be det]m9$ by ! ,secret>y & ! ,secret>y ( ,en]gy us+ me?ods ( calculation "u subsection 7d77#b74 4 7,c7 ,def9itions ,subsection 7c7 ( section #agi;,d is am5d$ by add+ at ! end ! foll[+ new p>agraphs3 7#c7 ,comm]cial build+ ,! t]m comm]cial build+ means a build+ ) a prim>y use or purpose o!r ?an z resid5tial h\s+4 7#d7 ,multifamily build+ ,! t]m multifamily build+ means a /ructure ( #e or m dwell+ units ) a prim>y use z resid5tial h\s+1 & includes su* build+s own$ & op]at$ z a condom9ium1 coop]ative1 or o!r common int]e/ community4 4 7#c7 ,wage & work=ce requirem5ts 7,a7 ,9 g5]al ,section #agi;,d7c77#a71 z am5d$ by p>agraph 7#b71 is am5d$-- 7i7 9 subp>agraph 7,c77iii71 by /rik+ & at ! end1 7ii7 9 subp>agraph 7,d71 by /rik+ ! p]iod at ! end & ins]t+ 1 &1 & 7iii7 by add+ at ! end ! foll[+3 7,e7 :i* satisfies ! requirem5ts-- 7i7 subject to subp>agraph 7,b7 ( subsection 7d77#g71 "u subp>agraph 7,a7 ( su* subsection1 & 7ii7 ) respect to ! con/ruction ( su* prop]ty1 ! requirem5ts "u section #eja ( ! ,clean ,en]gy = ,am]ica ,act4 4 7,b7 ,requirem5ts ,section #agi7;d7 is am5d$ by add+ at ! end ! foll[+ new p>agraph3 7#g7 ,wage requirem5ts 7,a7 ,9 g5]al ,! requirem5ts describ$ 9 ?is subp>agraph ) respect to any prop]ty are t ! taxpay] %all ensure t any labor]s & me*anics employ$ by contractors & subcontractors 9 ! con/ruction ( su* prop]ty %all be paid wages at rates n less ?an ! prevail+ rates = con/ruction ( a simil> "* 9 ! locality z det]m9$ by ! ,secret>y ( ,labor1 9 accordance ) sub*apt] ,,iv ( *apt] #ca ( title #dj1 ,unit$ ,/ates ,code4 7,b7 ,correction & p5alty relat$ to failure to satisfy wage requirem5ts ,9 ! case ( any taxpay] :i* fails to satisfy ! requirem5t "u subp>agraph 7,a7 ) respect to any prop]ty1 rules simil> to ! rules ( section #de,u7b77#c77;,b77ii7 %all apply = purposes ( ?is p>agraph4 4 7#d7 ,election to use diff]5t /&>ds = retr(its ,section #agi;,d is am5d$ by r$esignat+ subsection 7h7 z subsection 7i7 & by ins]t+ aft] subsection 7g7 ! foll[+ new subsection3 7h7 ,alt]native me?od = en]gy effici5t retr(it build+ prop]ty 7#a7 ,9 g5]al ,9 ! case ( a taxpay] :i* elects 7at su* "t & 9 su* mann] z ! ,secret>y may provide7 ! application ( ?is subsection ) respect to any qualifi$ build+1 ! am\nt ( ! d$uction all[$ "u subsection 7a7-- 7,a7 %all be det]m9$-- 7i7 by sub/itut+ en]gy usage int5sity = total annual en]gy & p[] co/s 9 subsection 7b77#b71 & 7ii7 )\t reg>d to subsection 7c77#a77;,d71 & 7,b7 %all be all[$ = ! taxable ye> :i* includes ! date ( ! qualify+ f9al c]tification ) respect to ! qualifi$ retr(it plan ( su* build+ 9 lieu ( ! taxable ye> 9 :i* ! prop]ty is plac$ 9 s]vice4 7#b7 ,qualifi$ build+ ,= purposes ( ?is subsection1 ! t]m qualifi$ build+ means a comm]cial build+ or multifamily build+-- 7,a7 :i* is locat$ 9 ! ,unit$ ,/ates1 7,b7 ) respect to :i* a qualifi$ retr(it plan has be5 e/abli%$1 & 7,c7 :i* 0 orig9ally plac$ 9 s]vice n less ?an #e ye>s be=e ! e/abli%m5t ( ! qualifi$ retr(it plan ) respect to su* build+4 7#c7 ,qualifi$ retr(it plan ,= purposes ( ?is subsection1 ! t]m qualifi$ retr(it plan means a writt5 plan prep>$ by a qualifi$ pr(essional :i* specifies specific modifications to a build+ :i*1 9 ! aggregate1 are expect$ to r$uce su* build+'s en]gy usage int5sity by #be p]c5t or m 9 comp>ison to ! basel9e en]gy usage int5sity ( su* build+4 ,su* plan %all provide = a qualifi$ pr(essional to-- 7,a7 z ( any date dur+ ! #a-ye> p]iod end+ on ! date ( ! fir/ c]tification describ$ 9 subp>agraph 7,b71 c]tify ! en]gy usage int5sity ( su* build+ z ( su* date1 7,b7 c]tify ! /atus ( prop]ty in/all$ pursuant to su* plan z meet+ ! requirem5ts ( subp>agraphs 7,b7 & 7,c7 ( subsection 7c77#a71 & 7,c7 z ( any date foll[+ completion ( ! plan1 c]tify-- 7i7 ! en]gy usage int5sity ( su* build+ z ( su* date1 & 7ii7 ! portfolio manag] score ( su* build+ z ( su* date4 7#d7 ,qualify+ f9al c]tification ,= purposes ( ?is subsection1 ! t]m qualify+ f9al c]tification means1 ) respect to any qualifi$ retr(it plan1 ! c]tification describ$ 9 p>agraph 7#c77;,c7 if-- 7,a7 ! en]gy usage int5sity c]tifi$ 9 su* c]tification is n m ?an #ge p]c5t ( ! basel9e en]gy usage int5sity ( ! build+1 & 7,b7 ! portfolio manag] score c]tifi$ 9 su* c]tification is n less ?an #ej4 7#e7 ,o!r def9itions ,= purposes ( ?is subsection-- 7,a7 ,basel9e en]gy usage int5sity ,! t]m basel9e en]gy usage int5sity means ! en]gy usage int5sity c]tifi$ "u p>agraph 7#c77;,a74 7,b7 ,portfolio manag] score ,! t]m portfolio manag] score means ! score det]m9$ "u ! me?odology 7z 9 effect on ! date ( ! enactm5t ( ?is ,act7 develop$ by ! ,adm9i/rator ( ! ,environm5tal ,protection ,ag5cy = rat+ a build+'s en]gy effici5cy = purposes ( ! ,en]gy ,/> program4 ,modifications aft] ! date ( ! enactm5t ( ?is p>agraph to su* me?odology %all be tak5 into acc\nt "u ?is p>agraph z provid$ by ! ,secret>y & su* ,adm9i/rator4 7,c7 ,en]gy usage int5sity ,! t]m en]gy usage int5sity means en]gy usage int5sity det]m9$ 9 accordance ) su* regulations or o!r guidance z ! ,secret>y may provide & measur$ 9 ,briti% !rmal units4 7,d7 ,qualifi$ pr(essional ,! t]m qualifi$ pr(essional means an individual :o is a lic5c$ ar*itect or a lic5c$ eng9e] & meets su* o!r requirem5ts z ! ,secret>y may provide4 7#f7 ,c]ta9 rules n applicable ,p>agraphs 7#a71 7#e71 & 7#f77;,b7 ( subsection 7d7 %all n apply = purposes ( ?is subsection4 4 7c7 ,o!r rules 7#a7 ,allocation ( d$uction ,section #agi;,d7d77#d7 is am5d$ to read z foll[s3 7#d7 ,allocation ( d$uction 7,a7 ,9 g5]al ,9 ! case ( en]gy effici5t comm]cial build+ prop]ty in/all$ on or 9 prop]ty own$ by an eligible entity1 ! ,secret>y %all promulgate regulations to all[ ! allocation ( ! d$uction to ! p]son prim>ily responsible = design+ ! prop]ty 9 lieu ( ! own] ( su* prop]ty1 ) su* p]son to be treat$ z ! taxpay] = purposes ( ?is section4 7,b7 ,eligible entity ,= purposes ( ?is p>agraph1 ! t]m eligible entity means-- 7i7 a ,f$]al1 ,/ate1 or local gov]nm5t or a political subdivision !re(1 7ii7 an ,indian tribe 7z def9$ 9 section #de;,a7c77#f771 or 7iii7 an organization describ$ 9 section #eja7;c7 & exempt f tax "u section #eja7;a74 4 7#b7 ,elim9ation ( int]im rule = light+ sy/ems ,section #agi;,d1 z am5d$ by subsections 7a77#b7 & 7b77#d71 is am5d$ by /rik+ subsection 7f7 & by r$esignat+ subsections 7g71 7h71 & 7i7 z subsections 7f71 7g71 & 7h71 respectively4 7#c7 ,application to real e/ate inve/m5t tru/ e>n+s & pr(its ,section #cab7k77#c77;,b7 is am5d$-- 7,a7 by /rik+ ,= purposes ( comput+ ! e>n+s & pr(its ( a corporation & ins]t+ ! foll[+3 7,i7 ,9 g5]al ,= purposes ( comput+ ! e>n+s & pr(its ( a corporation1 except z provid$ 9 clause 7ii7 1 & 7,b7 by add+ at ! end ! foll[+ new clause3 7,,ii7 ,special rule ,9 ! case ( a corporation t is a real e/ate inve/m5t tru/1 any am\nt d$uctible "u section #agi;,d %all be all[$ 9 ! ye> 9 :i* ! prop]ty giv+ rise to su* d$uction is plac$ 9 s]vice4 4 7d7 ,effective date ,! am5dm5ts made by ?is section %all apply to any prop]ty plac$ 9 s]vice aft] ,decemb] #ca1 #bjba4 #cjd4 ,enhancem5t ( en]gy cr$it = geo!rmal heat pumps 7a7 ,9 g5]al ,section #dh7;a7 is am5d$-- 7#a7 9 p>agraph 7#b77;,a77i77,,iii71 by /rik+ p>agraph 7#c77;,a77ii7 & ins]t+ clause 7ii7 or 7vii7 ( p>agraph 7#c77;,a71 & 7#b7 9 p>agraph 7#c77;,a77vii71 by /rik+ b only ) respect to prop]ty ! con/ruction ( :i* beg9s be=e ,janu>y #a1 #bjbd14 7b7 ,effective date ,! am5dm5ts made by ?is section %all apply to prop]ty ! con/ruction ( :i* beg9s aft] ,decemb] #ca1 #bjba4 ,,iv ,t]m9ation ( c]ta9 fossil fuel provisions #dja4 ,t]m9ation ( provisions relat+ to oil1 gas1 & o!r mat]ials 7a7 ,amortization ( geological & geophysical exp5ditures ,section #afg7;h7 is am5d$ by add+ at ! end ! foll[+ new p>agraph3 7#f7 ,t]m9ation ,?is subsection %all n apply to any exp5ses paid or incurr$ dur+ any taxable ye> beg9n+ aft] ! date ( ! enactm5t ( ! ,clean ,en]gy = ,am]ica ,act4 4 7b7 ,alaska natural gas pipel9es ,subp>agraph 7,b7 ( section #afh7;i77#af7 is am5d$ to read z foll[s3 7,b7 is-- 7i7 7,i7 plac$ 9 s]vice aft] ,decemb] #ca1 #bjac1 or 7,,ii7 treat$ z plac$ 9 s]vice on ,janu>y #a1 #bjad1 if ! taxpay] :o places su* sy/em 9 s]vice be=e ,janu>y #a1 #bjad1 elects su* treatm5t1 & 7ii7 plac$ 9 s]vice be=e ! end ( ! cal5d> ye> 9 :i* ! date ( ! enactm5t ( ! ,clean ,en]gy = ,am]ica ,act occurs4 4 7c7 ,natural gas ga!r+ l9e ,p>agraph 7#ag7 ( section #afh7;i7 is am5d$-- 7#a7 9 subp>agraph 7,a71 by ins]t+ :i* are plac$ 9 s]vice be=e ! end ( ! cal5d> ye> 9 :i* ! date ( ! enactm5t ( ! ,clean ,en]gy = ,am]ica ,act occurs & are aft] pipe1 equipm5t1 & appurt5ances1 & 7#b7 9 subp>agraph 7,b71 by ins]t+ :i* are plac$ 9 s]vice be=e ! end ( ! cal5d> ye> 9 :i* ! date ( ! enactm5t ( ! ,clean ,en]gy = ,am]ica ,act occurs & are aft] pipe1 equipm5t1 & appurt5ances4 7d7 ,repeal ( d$uction = t]ti>y injectants ,subsection 7c7 ( section #aic is am5d$-- 7#a7 9 p>agraph 7#a71 by /rik+ or at ! end1 7#b7 9 p>agraph 7#b71 by /rik+ ! p]iod at ! end & ins]t+ 1 or1 & 7#c7 by ins]t+ at ! end ! foll[+3 7#c7 :i* is paid or incurr$ dur+ any taxable ye> beg9n+ aft] ! date ( ! enactm5t ( ! ,clean ,en]gy = ,am]ica ,act4 4 7e7 ,intangible drill+ & developm5t co/s 7#a7 ,9 g5]al ,subsection 7c7 ( section #bfc is am5d$ to read z foll[s3 7c7 ,intangible drill+ & developm5t co/s 9 ! case ( oil & gas wells & geo!rmal wells 7#a7 ,9 g5]al ,not)/&+ subsection 7a71 & except z provid$ 9 subsection 7i71 regulations %all be prescrib$ by ! ,secret>y "u ?is subtitle correspond+ to ! regulations :i* grant$ ! option to d$uct z exp5ses intangible drill+ & developm5t co/s 9 ! case ( oil & gas wells & :i* 7 recogniz$ & approv$ by ! ,congress 9 ,h\se ,concurr5t ,resolution #ej1 ,sev5ty-n9? ,congress4 ,su* regulations %all also grant ! option to d$uct z exp5ses intangible drill+ & developm5t co/s 9 ! case ( wells drill$ = any geo!rmal deposit 7z def9$ 9 section #fac7;e77#b77 to ! same ext5t & 9 ! same mann] z su* exp5ses are d$uctible 9 ! case ( oil & gas wells4 ,?is subsection %all n apply ) respect to any co/s to :i* any d$uction is all[$ "u section #ei7;e7 or #bia4 7#b7 ,exclusion 7,a7 ,9 g5]al ,?is subsection %all n apply to am\nts paid or incurr$ by a taxpay] ) reg>d to any oil or gas well 9 any taxable ye> beg9n+ aft] ! date ( ! enactm5t ( ! ,clean ,en]gy = ,am]ica ,act4 7,b7 ,amortization ( exclud$ am\nts ,! am\nt n all[able z a d$uction = any taxable ye> by reason ( subp>agraph 7,a7 %all be all[able z a d$uction ratably ov] ! #fj-mon? p]iod beg9n+ ) ! mon? 9 :i* ! co/s are paid or incurr$4 ,= purposes ( section #abed1 any d$uction "u ?is subp>agraph %all be treat$ z a d$uction "u ?is subsection4 4 7#b7 ,con=m+ am5dm5ts 7,a7 ,section #bia7;b7 is am5d$-- 7i7 9 p>agraph 7#a71 by /rik+ )\t reg>d to ?is section7 & all t foll[s & ins]t+ )\t reg>d to ?is section7 "u section #faf7;a7 or #fag7;a7 %all be r$uc$ by #cj p]c5t41 7ii7 9 p>agraph 7#b71 by /rik+ section #bfc7;c71 #faf7;a71 or #fag7;a7 & ins]t+ section #faf7;a7 or #fag7;a71 7iii7 by /rik+ p>agraph 7#d71 & 7iv7 by r$esignat+ p>agraph 7#e7 z p>agraph 7#d74 7,b7 ,section #eg7;a7 is am5d$ by /rik+ p>agraph 7#b74 7f7 ,p]c5tage depletion 7#a7 ,p]c5tage depletion ( oil & gas wells1 coal1 lignite1 & oil %ale 7,a7 ,9 g5]al ,section #fac is am5d$-- 7i7 9 subsection 7a71 by /rik+ 7#ajj p]c5t 9 ! case ( oil & gas prop]ties71 7ii7 9 subsection 7b7-- 7,i7 by /rik+ p>agraph 7#b7 & ins]t+ ! foll[+3 7#b7 #ae p]c5t ,if f deposits 9 ! ,unit$ ,/ates1 gold1 silv]1 copp]1 & iron ore4 1 7,,ii7 9 p>agraph 7#d71 by /rik+ coal1 lignite11 7,,iii7 9 p>agraph 7#e71 by ins]t+ 7except oil %ale7 aft] clay & %ale1 7,,iv7 9 p>agraph 7#f77;,a71 by /rik+ 7except %ale describ$ 9 p>agraph 7#b77;,b7 or 7#e77 & ins]t+ 7except oil %ale & %ale describ$ 9 p>agraph 7#e771 & 7,v7 9 p>agraph 7#g71 by /rik+ or at ! end ( subp>agraph 7,b71 by /rik+ ! p]iod at ! end ( subp>agraph 7,c7 & ins]t+ 2 or1 & by add+ at ! end ! foll[+ new subp>agraph3 7,d7 coal1 lignite1 & oil %ale4 1 7iii7 9 subsection 7c77#a71 /rik+ o!r ?an an oil or gas well &1 7iv7 9 subsection 7c77#d7-- 7,i7 by /rik+ subp>agraphs 7,a7 & 7,h71 7,,ii7 by ins]t+ & at ! end ( subp>agraph 7,g71 7,,iii7 by r$esignat+ subp>agraphs 7,b7 ?r\gh 7,g7 z subp>agraphs 7,a7 ?r\gh 7,f71 respectively1 & 7,,iv7 by r$esignat+ subp>agraph 7,i7 z subp>agraph 7,g71 7v7 9 subsection 7d71 by /rik+ ,except z provid$ 9 section #fac;,a1 9 ! case ( & ins]t+ ,9 ! case (1 & 7vi7 9 subsection 7e77#b71 by /rik+ or section #fac;,a4 7,b7 ,con=m+ am5dm5ts 7i7 ,section #bia7;a77#b7 is am5d$ by /rik+ & coal 7includ+ lignite74 7ii7 7,i7 ,"p ,i ( sub*apt] ,i ( *apt] #a is am5d$ by /rik+ section #fac;,a 7& ! item relat+ to su* section 9 ! table ( sections74 7,,ii7 ,section #de;,h7d7 is am5d$ by /rik+ section #fac;,a7d77#c7 & ins]t+ section #afg7;h77#e77;,c74 7,,iii7 ,section #eg7;a77#a7 is am5d$ by /rik+ ! la/ s5t5ce4 7,,iv7 ,section #afg7;h77#e7 is am5d$-- 7aa7 by /rik+ subp>agraph 7,b77iii7 & ins]t+ ! foll[+3 7iii7 :i*-- 7,i7 engages 7by itself or ) a relat$ p]son7 9 ! ref9+ ( crude oil1 & 7,,ii7 toge!r ) relat$ p]sons1 has av]age daily ref9]y runs = ! taxable ye> 7det]m9$ by divid+ ! aggregate ref9]y runs = ! taxable ye> by ! numb] ( days 9 ! taxable ye>7 9 excess ( #ge1jjj b>rels4 1 & 7bb7 by add+ at ! end ! foll[+ new subp>agraph3 7,c7 ,relat$ p]son ,= purposes ( subp>agraph 7,b77iii71 a p]son is a relat$ p]son ) respect to ! taxpay] if a significant own]%ip int]e/ 9 ei!r ! taxpay] or su* p]son is held by ! o!r1 or if a ?ird p]son has a significant own]%ip int]e/ 9 bo? ! taxpay] & su* p]son4 ,= purposes ( ! prec$+ s5t5ce1 ! t]m significant own]%ip int]e/ means-- 7i7 ) respect to any corporation1 #ae p]c5t or m 9 value ( ! out/&+ /ock ( su* corporation1 7ii7 ) respect to a p>tn]%ip1 #ae p]c5t or m int]e/ 9 ! pr(its or capital ( su* p>tn]%ip1 & 7iii7 ) respect to an e/ate or tru/1 #ae p]c5t or m ( ! b5eficial int]e/s 9 su* e/ate or tru/4 ,= purposes ( det]m9+ a significant own]%ip int]e/1 an int]e/ own$ by or = a corporation1 p>tn]%ip1 tru/1 or e/ate %all be consid]$ z own$ directly bo? by itself & proportionately by its %>ehold]s1 p>tn]s1 or b5efici>ies1 z ! case may be4 4 7,v7 ,section #gjc7;a77#b7 is am5d$ by ins]t+ & at ! end ( subp>agraph 7,d71 by /rik+ 1 & at ! end ( subp>agraph 7,e7 & ins]t+ a p]iod1 & by /rik+ subp>agraph 7,f74 7,,vi7 ,section #gje7;a7 is am5d$ by ins]t+ & at ! end ( p>agraph 7#a77;,c71 by /rik+ 2 & at ! end ( p>agraph 7#b77;,b7 & ins]t+ a p]iod1 & by /rik+ p>agraph 7#c74 7,,vii7 ,section #abjb7;e77#c77;,d7 is am5d$ by /rik+ or #fac;,a4 7,,viii7 ,section #acfg7;a77#b7 is am5d$ by ins]t+ & at ! end ( subp>agraph 7,c71 by /rik+ 1 & at ! end ( subp>agraph 7,d7 & ins]t+ a p]iod1 & by /rik+ subp>agraph 7,e74 7iii7 ,section #iic7;c77#b77;,c7 is am5d$ by /rik+ 7includ+ oil1 gas1 coal1 or uranium products7 "u section #fac or #fac;,a & ins]t+ 7includ+ uranium products7 "u section #fac4 7iv7 ,section #addf7;c77#b7 is am5d$ by /rik+ b ! am\nt ( su* d$uction %all be det]m9$ )\t reg>d to sections #fac & #fac;,a4 7#b7 ,effective date ,! am5dm5ts made by ?is subsection %all apply to taxable ye>s beg9n+ aft] ! date ( ! enactm5t ( ?is ,act4 7g7 ,t]m9ation ( capital ga9s treatm5t = royalties f coal 7#a7 ,9 g5]al ,subsection 7c7 ( section #fca is am5d$-- 7,a7 by /rik+ coal 7includ+ lignite71 or iron ore & ins]t+ iron ore1 7,b7 by /rik+ coal or iron ore ea* place x appe>s & ins]t+ iron ore1 7,c7 by /rik+ iron ore or coal ea* place x appe>s & ins]t+ iron ore1 & 7,d7 by /rik+ coal or 9 ! head+4 7#b7 ,con=m+ am5dm5ts 7,a7 ,section #bgb is am5d$ by /rik+ coal or ea* place x appe>s4 7,b7 ,section #adjb7;a77#c77;,b7 is am5d$ by /rik+ coal14 7,c7 7i7 ,! head+ ( section #fca is am5d$ by /rik+ 1 coal14 7ii7 ,! item relat+ to section #fca 9 ! table ( sections = "p ,,iii ( sub*apt] ,i ( *apt] #a is am5d$ by /rik+ 1 coal14 7#c7 ,effective date ,! am5dm5ts made by ?is subsection %all apply to dispositions aft] ! date ( ! enactm5t ( ?is ,act4 7h7 ,enhanc$ oil recov]y cr$it 7#a7 ,9 g5]al ,subp>t ,d ( "p ,,iv ( sub*apt] ,a ( *apt] #a is am5d$ by /rik+ section #dc4 7#b7 ,con=m+ am5dm5ts 7,a7 ,section #ch7;b7 is am5d$ by /rik+ p>agraph 7#f74 7,b7 7i7 ,section #de,q7e7 is am5d$ by add+ at ! end ! foll[+ new p>agraph3 7#d7 ,inflation adju/m5t factor ,! t]m inflation adju/m5t factor means1 ) respect to any cal5d> ye>1 a fraction ! num]ator ( :i* is ! ,,gnp implicit price deflator = ! prec$+ cal5d> ye> & ! d5om9ator ( :i* is ! ,,gnp implicit price deflator = #bjjh4 ,= purposes ( ! prec$+ s5t5ce1 ! t]m ,,gnp implicit price deflator means ! fir/ revision ( ! implicit price deflator = ! gross national product z comput$ & publi%$ by ! ,secret>y ( ,comm]ce4 ,n lat] ?an ,april #a ( any cal5d> ye>1 ! ,secret>y %all publi% ! inflation adju/m5t factor = ! prec$+ cal5d> ye>4 4 7ii7 ,section #de,q1 z am5d$ by ?is ,act1 is am5d$ 9 subsection 7b77#a7 by /rik+ det]m9$ "u section #dc7;b77#c77;,b7 = su* cal5d> ye>1 det]m9$ by sub/itut+ #bjbe = #aiij ea* place x appe>s 9 subp>agraph 7,a77ii7 & 7,b77ii7 & ins]t+ det]m9$ "u subsection 7e77#d7 by sub/itut+ #bjbe = #bjjh4 7,c7 ,section #aif7;c7 is am5d$-- 7i7 by /rik+ p>agraph 7#e71 & 7ii7 by r$esignat+ p>agraphs 7#f7 ?r\gh 7#ad7 z p>agraphs 7#e7 ?r\gh 7#ac71 respectively4 7#c7 ,cl]ical am5dm5t ,! table ( sections = subp>t ,d ( "p ,,iv ( sub*apt] ,a ( *apt] #a is am5d$ by /rik+ ! item relat+ to section #dc4 7#d7 ,effective date ,! am5dm5ts made by ?is subsection %all apply to taxable ye>s beg9n+ aft] ! date ( ! enactm5t ( ?is ,act4 7i7 ,cr$it = produc+ oil & gas f m>g9al wells 7#a7 ,9 g5]al ,subp>t ,d ( "p ,,iv ( sub*apt] ,a ( *apt] #a is am5d$ by /rik+ section #de;,i4 7#b7 ,con=m+ am5dm5t ,section #ch7;b7 is am5d$ by /rik+ p>agraph 7#ai74 7#c7 ,cl]ical am5dm5t ,! table ( sections = subp>t ,d ( "p ,,iv ( sub*apt] ,a ( *apt] #a is am5d$ by /rik+ ! item relat+ to section #de;,i4 7#d7 ,effective date ,! am5dm5ts made by ?is subsection %all apply to taxable ye>s beg9n+ aft] ! date ( ! enactm5t ( ?is ,act4 7j7 ,qualify+ advanc$ coal project cr$it 7#a7 ,9 g5]al ,subp>t ,e ( "p ,,iv ( sub*apt] ,a ( *apt] #a is am5d$ by /rik+ section #dh;,a4 7#b7 ,con=m+ am5dm5ts 7,a7 ,section #df1 z am5d$ by section #ajb ( ?is ,act1 is am5d$ by /rik+ p>agraph 7#c7 & r$esignat+ p>agraphs 7#d7 ?r\gh 7#g7 z p>agraphs 7#c7 ?r\gh 7#f71 respectively4 7,b7 ,section #di7;a77#a77;,c71 z am5d$ by section #ajb ( ?is ,act1 is am5d$ by /rik+ clause 7iii7 & r$esignat+ clauses 7iv7 ?r\gh 7vii7 z clauses 7iii7 ?r\gh 7vi71 respectively4 7,c7 ,section #ej7;a77#b77;,e71 z am5d$ by section #ajb ( ?is ,act1 is am5d$ by /rik+ #dh;,a7b77#c714 7#c7 ,cl]ical am5dm5t ,! table ( sections = subp>t ,e ( "p ,,iv ( sub*apt] ,a ( *apt] #a is am5d$ by /rik+ ! item relat+ to section #dh;,a4 7#d7 ,effective date ,! am5dm5ts made by ?is subsection %all apply to taxable ye>s beg9n+ aft] ! date ( ! enactm5t ( ?is ,act4 7k7 ,qualify+ gasification project cr$it 7#a7 ,9 g5]al ,subp>t ,e ( "p ,,iv ( sub*apt] ,a ( *apt] #a is am5d$ by /rik+ section #dh;,b4 7#b7 ,con=m+ am5dm5ts 7,a7 ,section #df1 z am5d$ by ?is ,act1 is am5d$ by /rik+ p>agraph 7#c7 & by r$esignat+ p>agraphs 7#d71 7#e71 & 7#f7 z p>agraphs 7#c71 7#d71 & 7#e71 respectively4 7,b7 ,section #di7;a77#a77;,c71 z am5d$ by ?is ,act1 is am5d$ by /rik+ clause 7iii7 & r$esignat+ clauses 7iv7 ?r\gh 7vi7 z clauses 7iii7 ?r\gh 7v74 7,c7 ,section #ej7;a77#b77;,e71 z am5d$ by ?is ,act1 is am5d$ by /rik+ #dh;,b7b77#c714 7#c7 ,cl]ical am5dm5t ,! table ( sections = subp>t ,e ( "p ,,iv ( sub*apt] ,a ( *apt] #a is am5d$ by /rik+ ! item relat+ to section #dh;,b4 7#d7 ,effective date ,! am5dm5ts made by ?is subsection %all apply to taxable ye>s beg9n+ aft] ! date ( ! enactm5t ( ?is ,act4 7l7 ,repeal ( passive loss exception = oil & gas int]e/s 7#a7 ,9 g5]al ,section #dfi7;c77#c77;,a7 is am5d$-- 7,a7 by /rik+ ,! t]m & ins]t+ ! foll[+3 7i7 ,exception ,! t]m 4 7,b7 by add+ at ! end ! foll[+ new clause3 7ii7 ,t]m9ation ,clause 7i7 %all n apply to any taxable ye> beg9n+ aft] ! date ( ! enactm5t ( ! ,clean ,en]gy = ,am]ica ,act4 4 7#b7 ,con=m+ am5dm5t ,section #dfi7;c77#d7 is am5d$ by /rik+ ,p>agraphs 7#b7 & 7#c7 & ins]t+ ,p>agraphs 7#b7 & 7#c77;,a77i74 7m7 ,repeal ( corporate income tax exemption = publicly trad$ p>tn]%ips ) qualify+ income & ga9s f activities relat+ to fossil fuels 7#a7 ,9 g5]al ,section #ggjd7;d77#a7 is am5d$-- 7,a7 9 subp>agraph 7,e71 by /rik+ 7includ+ pipel9es transport+ gas1 oil1 or products !re(71 & 7,b7 9 ! flu% matt] at ! end1 by ins]t+ or any coal1 gas1 oil1 or products !re( be=e ! p]iod4 7#b7 ,effective date ,! am5dm5ts made by ?is subsection %all apply to taxable ye>s beg9n+ aft] ! date ( ! enactm5t ( ?is ,act4 #djb4 ,modification ( c]ta9 provisions relat+ to oil1 gas1 & o!r fossil fuels 7a7 ,modifications ( =eign tax cr$it rules applicable to major integrat$ oil companies :i* are dual capacity taxpay]s 7#a7 ,9 g5]al ,section #ija is am5d$ by r$esignat+ subsection 7n7 z subsection 7o7 & by ins]t+ aft] subsection 7m7 ! foll[+ new subsection3 7n7 ,special rules relat+ to major integrat$ oil companies :i* are dual capacity taxpay]s 7#a7 ,g5]al rule ,not)/&+ any o!r provision ( ?is *apt]1 any am\nt paid or accru$ by a dual capacity taxpay] :i* is a major integrat$ oil company 7)9 ! mean+ ( section #afg7;h77#e77 to a =eign c\ntry or possession ( ! ,unit$ ,/ates = any p]iod %all n be consid]$ a tax-- 7,a7 if1 = su* p]iod1 ! =eign c\ntry or possession does n impose a g5]ally applicable income tax1 or 7,b7 to ! ext5t su* am\nt exce$s ! am\nt 7det]m9$ 9 accordance ) regulations7 :i*-- 7i7 is paid by su* dual capacity taxpay] pursuant to ! g5]ally applicable income tax impos$ by ! c\ntry or possession1 or 7ii7 w\ld be paid if ! g5]ally applicable income tax impos$ by ! c\ntry or possession 7 applicable to su* dual capacity taxpay]4 ,no?+ 9 ?is p>agraph %all be con/ru$ to imply ! prop] treatm5t ( any su* am\nt n 9 excess ( ! am\nt det]m9$ "u subp>agraph 7,b74 7#b7 ,dual capacity taxpay] ,= purposes ( ?is subsection1 ! t]m dual capacity taxpay] means1 ) respect to any =eign c\ntry or possession ( ! ,unit$ ,/ates1 a p]son :o-- 7,a7 is subject to a levy ( su* c\ntry or possession1 & 7,b7 receives 7or w receive7 directly or indirectly a specific economic b5efit 7z det]m9$ 9 accordance ) regulations7 f su* c\ntry or possession4 7#c7 ,g5]ally applicable income tax ,= purposes ( ?is subsection-- 7,a7 ,9 g5]al ,! t]m g5]ally applicable income tax means an income tax 7or a s]ies ( income taxes7 :i* is g5]ally impos$ "u ! laws ( a =eign c\ntry or possession on income d]iv$ f ! conduct ( a trade or bus9ess )9 su* c\ntry or possession4 7,b7 ,exceptions ,su* t]m %all n include a tax unless x has sub/antial application1 by its t]ms & 9 practice1 to-- 7i7 p]sons :o are n dual capacity taxpay]s1 & 7ii7 p]sons :o are citiz5s or resid5ts ( ! =eign c\ntry or possession4 4 7#b7 ,effective ,date 7,a7 ,9 g5]al ,! am5dm5ts made by ?is subsection %all apply to taxes paid or accru$ 9 taxable ye>s beg9n+ aft] ! date ( ! enactm5t ( ?is ,act4 7,b7 ,contr>y treaty obligations upheld ,! am5dm5ts made by ?is subsection %all n apply to ! ext5t contr>y to any treaty obligation ( ! ,unit$ ,/ates4 7b7 ,re9/atem5t ( treatm5t ( =eign base company oil relat$ income z =eign base company income 7#a7 ,9 g5]al ,section #ied7;a7 is am5d$ by /rik+ & at ! end ( p>agraph 7#b71 by /rik+ ! p]iod at ! end ( p>agraph 7#c7 & ins]t+ 1 &1 & by add+ at ! end ! foll[+ new p>agraph3 7#d7 ! =eign base company oil relat$ income = ! taxable ye> 7det]m9$ "u subsection 7g7 & r$uc$ z provid$ 9 subsection 7b77#e774 4 7#b7 ,=eign base company oil relat$ income ,section #ied is am5d$ by ins]t+ be=e subsection 7h7 ! foll[+ new subsection3 7g7 ,=eign base company oil relat$ income ,= purposes ( ?is section-- 7#a7 ,9 g5]al ,except z o!rwise provid$ 9 ?is subsection1 ! t]m =eign base company oil relat$ income means =eign oil relat$ income 7)9 ! mean+ ( p>agraphs 7#b7 & 7#c7 ( section #ijg7;c77 o!r ?an income d]iv$ f a s\rce )9 a =eign c\ntry 9 connection )-- 7,a7 oil or gas :i* 0 extract$ f an oil or gas well locat$ 9 su* =eign c\ntry1 or 7,b7 oil1 gas1 or a prim>y product ( oil or gas :i* is sold by ! =eign corporation or a relat$ p]son = use or consumption )9 su* c\ntry or is load$ 9 su* c\ntry on a vessel or aircraft z fuel = su* vessel or aircraft4 ,su* t]m %all n include any =eign p]sonal hold+ company income 7z def9$ 9 subsection 7c774 7#b7 ,p>agraph 7#a7 applies only :]e corporation has produc$ #a1jjj b>rels p] day or m 7,a7 ,9 g5]al ,! t]m =eign base company oil relat$ income %all n include any income ( a =eign corporation if su* corporation is n a l>ge oil produc] = ! taxable ye>4 7,b7 ,l>ge oil produc] ,= purposes ( subp>agraph 7,a71 ! t]m l>ge oil produc] means any corporation if1 = ! taxable ye> or = ! prec$+ taxable ye>1 ! av]age daily production ( =eign crude oil & natural gas ( ! relat$ gr\p :i* includes su* corporation equal$ or exce$$ #a1jjj b>rels4 7,c7 ,relat$ gr\p ,! t]m relat$ gr\p means a gr\p consi/+ ( ! =eign corporation & any o!r p]son :o is a relat$ p]son ) respect to su* corporation4 7,d7 ,av]age daily production ( =eign crude oil & natural gas ,= purposes ( ?is p>agraph1 ! av]age daily production ( =eign crude oil or natural gas ( any relat$ gr\p = any taxable ye> 7& ! conv]sion ( cubic feet ( natural gas into b>rels7 %all be det]m9$ "u rules simil> to ! rules ( section #fac;,a 7z 9 effect on ! day be=e ! date ( enactm5t ( ! ,clean ,en]gy = ,am]ica ,act7 except t only crude oil or natural gas f a well locat$ outside ! ,unit$ ,/ates %all be tak5 into acc\nt4 4 7#c7 ,con=m+ am5dm5ts 7,a7 ,section #ieb7;c77#a77;,b77iii7 is am5d$ by r$esignat+ subclauses 7,i7 ?r\gh 7,,iv7 z subclauses 7,,ii7 ?r\gh 7,v71 respectively1 & by ins]t+ be=e subclause 7,,ii7 7z r$esignat$7 ! foll[+ new subclause3 7,i7 =eign base company oil relat$ income1 4 7,b7 ,section #ied7;b7 is am5d$-- 7i7 9 p>agraph 7#d71 by ins]t+ at ! end ! foll[+ new s5t5ce3 ,! prec$+ s5t5ce %all n apply to =eign base company oil-relat$ income describ$ 9 subsection 7a77#d741 7ii7 9 p>agraph 7#e71 by /rik+ & ! =eign base company s]vices income & ins]t+ ! =eign base company s]vices income1 & ! =eign base company oil relat$ income1 & 7iii7 by add+ at ! end ! foll[+ new p>agraph3 7#f7 ,=eign base company oil relat$ income n treat$ z ano!r k9d ( base company income ,income ( a corporation :i* is =eign base company oil relat$ income %all n be consid]$ =eign base company income ( su* corporation "u p>agraph 7#b7 or 7#c7 ( subsection 7a74 4 7#d7 ,effective date ,! am5dm5ts made by ?is subsection %all apply to taxable ye>s ( =eign corporations beg9n+ aft] ! date ( ! enactm5t ( ?is ,act1 & to taxable ye>s ( ,unit$ ,/ates %>ehold]s ) or )9 :i* su* taxable ye>s ( =eign corporations end4 7c7 ,inclusion ( =eign oil & gas extraction income 9 te/$ income = purpose ( det]m9+ global intangible l[-tax$ income 7#a7 ,9 g5]al ,section #iea;,a7c77#b77;,a77i7 is am5d$ by ins]t+ & at ! end ( subclause 7,,iii71 by /rik+ & at ! end ( subclause 7,,iv7 & ins]t+ ov]1 & by /rik+ subclause 7,v74 7#b7 ,effective date ,! am5dm5ts made by ?is subsection %all apply to taxable ye>s ( =eign corporations beg9n+ aft] ! date ( ! enactm5t ( ?is ,act1 & to taxable ye>s ( ,unit$ ,/ates %>ehold]s 9 :i* or ) :i* su* tax ye>s ( =eign corporations end4 7d7 ,cl>ification ( t> s&s z crude oil = excise tax purposes 7#a7 ,9 g5]al ,p>agraph 7#a7 ( section #dfab7;a7 is am5d$ to read z foll[s3 7#a7 ,crude oil ,! t]m crude oil includes crude oil cond5sates1 natural gasol9e1 any bitum5 or bitum9\s mixture1 any oil d]iv$ f a bitum5 or bitum9\s mixture 7includ+ oil d]iv$ f t> s&s71 & any oil d]iv$ f k]og5-be>+ s\rces 7includ+ oil d]iv$ f oil %ale74 4 7#b7 ,te*nical am5dm5t ,p>agraph 7#b7 ( section #dfab7;a7 is am5d$ by /rik+ f a well locat$4 7#c7 ,effective date ,! am5dm5ts made by ?is subsection %all apply to oil & petroleum products receiv$1 ent]$1 us$1 or export$ aft] ,decemb] #ca1 #bjba4 ,v ,work=ce developm5t requirem5ts #eja4 ,use ( qualifi$ appr5tices 7a7 ,9 g5]al ,all contractors & subcontractors engag$ 9 ! p]=mance ( con/ruction1 alt]ation1 or repair "w on any applicable project %all1 subject to subsection 7b71 ensure t n less ?an #ae p]c5t ( ! total labor h\rs ( su* "w be p]=m$ by qualifi$ appr5tices4 7b7 ,appr5tice-to-j\rneywork] ratio ,! requirem5t "u subsection 7a7 %all be subject to any applicable requirem5ts = appr5tice-to-j\rneywork] ratios ( ! ,dep>tm5t ( ,labor or ! applicable ,/ate appr5tice%ip ag5cy4 7c7 ,p>ticipation ,ea* contractor & subcontractor :o employs #d or m individuals to p]=m con/ruction1 alt]ation1 or repair "w on an applicable project %all employ #a or m qualifi$ appr5tices to p]=m su* "w4 7d7 ,exception ,not)/&+ any o!r provision 9 ?is section1 ?is section %all n apply 9 ! case ( a taxpay] :o-- 7#a7 7,a7 demon/rates a lack ( availability ( qualifi$ appr5tices 9 ! geographic area ( ! con/ruction1 alt]ation1 or repair "w2 & 7,b7 makes a good fai? ef=t to comply ) ! requirem5ts ( ?is section2 or 7#b7 9 ! case ( any failure by ! taxpay] to satisfy ! requirem5t "u subsection 7a7 ) respect to ! con/ruction1 alt]ation1 or repair "w on any applicable project to :i* p>agraph 7#a7 does n apply1 makes paym5t to ! ,secret>y ( ! ,treasury 7or ! ,secret>y's delegate7 ( a p5alty 9 an am\nt equal to ! product (-- 7,a7 #ejj1 multipli$ by 7,b7 ! total labor h\rs = :i* ! requirem5t describ$ 9 su* subsection 0 n satisfi$ ) respect to ! con/ruction1 alt]ation1 or repair "w on su* applicable project4 7e7 ,def9itions ,9 ?is section3 7#a7 ,applicable project ,! t]m applicable project means1 ) respect to-- 7,a7 subsection 7e77#g77;,a77ii7 ( section #cj;,c ( ! ,int]nal ,rev5ue ,code ( #aihf1 7,b7 subsection 7f77#i77;,a77ii7 ( section #de,q ( su* ,code1 7,c7 subsection 7b77#a77;,a77iv77,,ii7 ( section #de,u ( su* ,code1 7,d7 subsection 7e77#d77;,a77ii77,,ii7 ( section #de,v ( su* ,code1 7,e7 subsection 7d77#c77;,a77i77,,ii77bb7 ( section #de,x ( su* ,code1 7,f7 subsection 7d77#c77;,a77ii77,,ii7 ( section #dh;,c ( su* ,code1 7,g7 subsections 7b77#c77;,a77iv77,,ii7 & 7c77#a77;,b77ii7 ( section #dh;,d ( su* ,code1 & 7,h7 subsection 7c77#a77;,e77ii7 ( section #agi;,d ( su* ,code1 any prop]ty1 equipm5t1 or facility = :i* a cr$it is all[$ or det]m9$ "u su* sections4 7#b7 ,labor h\rs ,! t]m labor h\rs-- 7,a7 means ! total numb] ( h\rs devot$ to ! p]=mance ( con/ruction1 alt]ation1 or repair "w by employees ( ! contractor or subcontractor2 & 7,b7 excludes any h\rs work$ by-- 7i7 =em52 7ii7 sup]9t5d5ts2 7iii7 own]s2 or 7iv7 p]sons employ$ 9 a bona fide executive1 adm9i/rative1 or pr(essional capacity 7)9 ! mean+ ( ^? t]ms 9 "p #eda ( title #bi1 ,code ( ,f$]al ,regulations74 7#c7 ,qualifi$ appr5tice ,! t]m qualifi$ appr5tice means an individual :o is an employee ( ! contractor or subcontractor & :o is p>ticipat+ 9 a regi/]$ appr5tice%ip program1 z def9$ 9 section #caca7;e77#c77;,b7 ( ! ,int]nal ,rev5ue ,code ( #aihf4 ,,vi ,miscellane\s #fja4 ,adju/m5t ( qualify+ advanc$ en]gy project cr$it 7a7 ,9 g5]al ,section #dh;,c is am5d$-- 7#a7 9 subsection 7c77#a7-- 7,a7 9 subp>agraph 7,a7-- 7i7 by ins]t+ 1 any portion ( ! qualifi$ inve/m5t ( :i* is c]tifi$ by ! ,secret>y "u subsection 7d7 z eligible = a cr$it "u ?is section aft] means a project1 7ii7 9 clause 7i7-- 7,i7 by /rik+ a manufactur+ facility = ! production ( & ins]t+ an indu/rial or manufactur+ facility = ! production or recycl+ (1 7,,ii7 9 clause 7,i71 by ins]t+ wat]1 aft] sun11 7,,iii7 9 clause 7,,ii71 by /rik+ an en]gy /orage sy/em = use ) electric or hybrid-electric motor vehicles & ins]t+ en]gy /orage sy/ems & compon5ts1 7,,iv7 9 clause 7,,iii71 by /rik+ grids to support ! transmission ( int]mitt5t s\rces ( r5ewable en]gy1 includ+ /orage ( su* en]gy & ins]t+ grid mod]nization equipm5t or compon5ts1 7,v7 9 subclause 7,,iv71 by /rik+ & seque/] c>bon dioxide emissions & ins]t+ 1 remove1 use1 or seque/] c>bon oxide emissions1 7,,vi7 by /rik+ subclause 7,v7 & ins]t+ ! foll[+3 7,v7 equipm5t design$ to ref9e1 electrolyze1 or bl5d any fuel1 *emical1 or product :i* is-- 7aa7 r5ewable1 or 7bb7 l[-c>bon & l[-emission1 1 7,,vii7 by /rik+ subclause 7,,vi71 7,,viii7 by r$esignat+ subclause 7,,vii7 z subclause 7,,ix71 7,,ix7 by ins]t+ aft] subclause 7,v7 ! foll[+ new subclauses3 7,,vi7 prop]ty design$ to produce en]gy cons]vation te*nologies 7includ+ resid5tial1 comm]cial1 & indu/rial applications71 7,,vii7 light-1 m$ium-1 or heavy-duty electric or fuel cell vehicles1 z well z-- 7aa7 te*nologies1 compon5ts1 or mat]ials = su* vehicles1 & 7bb7 associat$ *>g+ or refuel+ infra/ructure1 7,,viii7 hybrid vehicles ) a gross vehicle weight rat+ ( n less ?an #ad1jjj p\nds1 z well z te*nologies1 compon5ts1 or mat]ials = su* vehicles1 or 1 & 7,x7 9 subclause 7,,ix71 z s r$esignat$1 by /rik+ & at ! end & ins]t+ or1 & 7iii7 by /rik+ clause 7ii7 & ins]t+ ! foll[+3 7ii7 :i* re-equips an indu/rial or manufactur+ facility ) equipm5t design$ to r$uce its gre5h\se gas emissions well bel[ curr5t be/ practices ?r\gh ! in/allation (-- 7,i7 l[- or z]o-c>bon process heat sy/ems1 7,,ii7 c>bon capture1 transport1 utilization & /orage sy/ems1 7,,iii7 en]gy effici5cy & r$uction 9 wa/e f indu/rial processes1 or 7,,iv7 any indu/rial te*nology :i* significantly r$uces gre5h\se gas emissions1 z det]m9$ by ! ,secret>y4 4 7,b7 by r$esignat+ subp>agraph 7,b7 z subp>agraph 7,c71 & 7,c7 by ins]t+ aft] subp>agraph 7,a7 ! foll[+ new subp>agraph3 7,b7 ,additional qualify+ advanc$ en]gy projects ,! t]m qualify+ advanc$ en]gy project %all also include any project describ$ 9 subp>agraph 7,a7 :i* is locat$ 9 a c5sus tract-- 7i7 :i*1 prior to ! date ( enactm5t ( ! ,clean ,en]gy = ,am]ica ,act1 _h no projects :i* receiv$ a c]tification & allocation ( cr$its "u subsection 7d71 & 7ii7 7,i7 9 :i*1 aft] ,decemb] #ca1 #aiii1 a coal m9e has clos$1 7,,ii7 9 :i*1 aft] ,decemb] #ca1 #bjji1 a coal-fir$ electric g5]at+ unit has be5 retir$1 or 7,,iii7 :i* is imm$iately adjac5t to a c5sus tract describ$ 9 subclause 7,i7 or 7,,ii74 1 7#b7 9 subsection 7d7-- 7,a7 9 p>agraph 7#a7-- 7i7 9 subp>agraph 7,a71 by /rik+ ?is section & ins]t+ ! ,clean ,en]gy = ,am]ica ,act1 & 7ii7 by /rik+ subp>agraph 7,b7 & ins]t+ ! foll[+3 7,b7 ,limitations 7i7 ,initial allocation ,! total am\nt ( cr$its t may be allocat$ "u ! program prior to ! date ( enactm5t ( ! ,clean ,en]gy = ,am]ica ,act %all n exce$ #b1cjj1jjj1jjj4 7ii7 ,additional allocation ,! total am\nt ( cr$its t may be allocat$ "u ! program on or aft] to ! date ( enactm5t ( ! ,clean ,en]gy = ,am]ica ,act %all n exce$ #h1jjj1jjj1jjj1 ( :i* n great] ?an #d1jjj1jjj1jjj may be allocat$ to projects :i* are n locat$ 9 a c5sus tract describ$ 9 subp>agraph 7,b7 ( subsection 7c77#a74 1 7,b7 9 p>agraph 7#b7-- 7i7 9 subp>agraph 7,a71 by /rik+ #b-ye> & ins]t+ #c-ye>1 7ii7 9 subp>agraph 7,b7-- 7,i7 by /rik+ #a ye> & ins]t+ #ah mon?s1 & 7,,ii7 by add+ at ! end ! foll[+ new s5t5ce3 ,n lat] ?an #ahj days aft] ! date on :i* su* evid5ce 0 provid$ by ! applicant1 ! ,secret>y %all det]m9e :e!r ! requirem5ts ( ! c]tification h be5 met41 & 7iii7 by add+ at ! end ! foll[+ new subp>agraph3 7,d7 ,location ( project ,9 ! case ( an applicant :i* receives a c]tification1 if ! ,secret>y det]m9es t ! project has be5 plac$ 9 s]vice at a location :i* is mat]ially diff]5t ?an ! location specifi$ 9 ! application = su* project1 ! c]tification %all no long] be valid4 1 7,c7 9 p>agraph 7#c7-- 7i7 by /rik+ subp>agraph 7,a7 & ins]t+ ! foll[+3 7,a7 %all take into consid]ation only ^? projects-- 7i7 = :i* !re is a reasonable expectation ( comm]cial viability1 & 7ii7 :i*-- 7,i7 satisfies ! requirem5ts "u p>agraph 7#f71 & 7,,ii7 ) respect to ! re-equipp+1 expansion1 or e/abli%m5t ( an indu/rial or manufactur+ facility1 satisfies ! requirem5ts "u section #eja ( ! ,clean ,en]gy = ,am]ica ,act1 & 1 & 7ii7 9 subp>agraph 7,b7-- 7,i7 by /rik+ clauses 7i7 & 7ii7 & ins]t+ ! foll[+3 7i7 w provide ! greate/ net impact 9 avoid+ or r$uc+ an?ropog5ic emissions ( gre5h\se gases 7or1 9 ! case ( a project describ$ 9 subsection 7c77#a77;,a77ii71 w provide ! greate/ r$uction ( gre5h\se gas emissions z comp>$ to curr5t be/ practices71 7ii7 w provide ! greate/ dome/ic job creation 7bo? direct & indirect7 dur+ ! cr$it p]iod1 1 7,,ii7 by r$esignat+ clauses 7iii7 ?r\gh 7v7 z clauses 7iv7 ?r\gh 7vi71 respectively1 & 7,,iii7 by ins]t+ aft] clause 7ii7 ! foll[+ new clause3 7iii7 w provide ! greate/ job creation )9 ! vic9ity ( ! project1 p>ticul>ly ) respect to-- 7,i7 l[-income communities 7z def9$ 9 section #de;,d7e771 & 7,,ii7 dislocat$ work]s :o 7 previ\sly employ$ 9 manufactur+1 coal p[] plants1 or coal m9+1 1 7,d7 9 p>agraph 7#d7-- 7i7 by /rik+ subp>agraph 7,a7 & ins]t+ ! foll[+3 7,a7 ,review & report ,n lat] ?an #d ye>s aft] ! date ( enactm5t ( ! ,clean ,en]gy = ,am]ica ,act1 ! ,secret>y %all-- 7i7 review ! cr$its allocat$ "u ?is section z ( su* date1 & 7ii7 submit a report reg>d+ ! allocation ( su* cr$its to-- 7,i7 ! ,committee on ,f9ance & ! ,committee on ,en]gy & ,natural ,res\rces ( ! ,s5ate1 & 7,,ii7 ! ,committee on ,ways & ,means & ! ,committee on ,en]gy & ,comm]ce ( ! ,h\se ( ,repres5tatives4 1 & 7ii7 by add+ at ! end ! foll[+ new subp>agraph3 7,d7 ,special rule ,= purposes ( reallocat+ cr$its pursuant to ?is p>agraph1 ! limitation "u p>agraph 7#a77;,b77ii7 ) respect to allocation ( cr$its to projects :i* are n locat$ 9 a c5sus tract describ$ 9 subp>agraph 7,b7 ( subsection 7c77#a7 %all n apply4 1 & 7,e7 by add+ at ! end ! foll[+3 7#f7 ,wage requirem5ts 7,a7 ,9 g5]al ,! requirem5ts describ$ 9 ?is subp>agraph ) respect to any project are t ! taxpay] %all ensure t any labor]s & me*anics employ$ by contractors & subcontractors 9 ! re-equipp+1 expansion1 or e/abli%m5t ( an indu/rial or manufactur+ facility %all be paid wages at rates n less ?an ! prevail+ rates = con/ruction or alt]ation ( a simil> "* 9 ! locality z det]m9$ by ! ,secret>y ( ,labor1 9 accordance ) sub*apt] ,,iv ( *apt] #ca ( title #dj1 ,unit$ ,/ates ,code4 7,b7 ,correction & p5alty relat$ to failure to satisfy wage requirem5ts ,9 ! case ( any taxpay] :i* fails to satisfy ! requirem5t "u subp>agraph 7,a7 ) respect to any project-- 7i7 rules simil> to ! rules ( section #de,u7b77#c77;,b77ii7 %all apply = purposes ( ?is p>agraph1 & 7ii7 if ! failure to satisfy ! requirem5t "u subp>agraph 7,a7 is n correct$ pursuant to ! rules describ$ 9 clause 7i71 ! c]tification ) respect to su* project %all no long] be valid4 1 7#c7 9 subsection 7e71 by /rik+ #dh1 #dh;,a1 or #dh;,b & ins]t+ #de,q1 #dh1 #dh;,a1 #dh;,b1 or #dh;,d1 & 7#d7 by add+ at ! end ! foll[+3 7f7 ,special rule = prop]ty f9anc$ by subsidiz$ en]gy f9anc+ or indu/rial developm5t bonds ,rules simil> to ! rules 9 section #dh7;a77#d7 %all apply = purposes ( ?is section4 7g7 ,te*nical assi/ance ,= purposes ( assi/+ ) applications = c]tification "u subsection 7d71 ! ,secret>y ( ,en]gy %all provide te*nical assi/ance to any ,/ate 7or political subdivision !re(71 tribe1 or economic developm5t organization :i*1 prior to ! date ( enactm5t ( ! ,clean ,en]gy = ,am]ica ,act-- 7#a7 _h no applicants = c]tification "u su* subsection1 or 7#b7 _h less ?an #b qualify+ advanc$ en]gy projects :i* receiv$ an allocation ( cr$its "u su* subsection4 7h7 ,election = direct paym5t 7#a7 ,9 g5]al ,9 ! case ( any eligible prop]ty plac$ 9 s]vice dur+ any taxable ye> :i* is "p ( a qualify+ advanc$ en]gy project1 ! am\nt ( any cr$it det]m9$ "u subsection 7a7 ) respect to su* prop]ty = su* taxable ye> %all1 at ! election ( ! taxpay]1 be treat$ z a paym5t equal to su* am\nt :i* is made by ! taxpay] aga9/ ! tax impos$ by *apt] #a = su* taxable ye> 7reg>dless ( :e!r su* tax w\ld h be5 on su* taxpay]74 7#b7 ,=m & effect ( election 7,a7 ,9 g5]al ,an election "u p>agraph 7#a7 %all be made z "p ( ! application = c]tification "u subsection 7d77#b77;,a7 & 9 su* mann] z ! ,secret>y may prescribe4 ,su* election1 once made1 %all-- 7i7 be irrevocable ) respect to ! eligible prop]ty to :i* su* election applies1 & 7ii7 r$uce ! am\nt ( ! cr$it :i* w\ld 7b = ?is subsection7 be all[able "u ?is section ) respect to su* prop]ty = ! taxable ye> 9 :i* su* prop]ty is plac$ 9 s]vice to z]o4 7,b7 ,additional in=mation ,= purposes ( an election "u p>agraph 7#a71 ! ,secret>y may require su* in=mation z ! ,secret>y deems necess>y = purposes ( prev5t+ duplication1 fraud1 or any improp] paym5ts "u ?is subsection4 7#c7 ,application to p>tn]%ips & ,s corporations2 excess paym5ts ,rules simil> to ! rules ( p>agraphs 7#c7 & 7#e7 ( section #de,u7h7 %all apply = purposes ( ?is subsection4 7#d7 ,special rules = c]ta9 entities 7,a7 ,eligibility ( c]ta9 prop]ty ,= purposes ( ?is subsection1 p>agraphs 7#c7 & 7#d7 ( section #ej7;b7 %all n apply ) respect to-- 7i7 any ,/ate utility ) a s]vice obligation1 z su* t]ms are def9$ 9 section #bag ( ! ,f$]al ,p[] ,act 7z 9 effect on ! date ( ! enactm5t ( ?is subsection71 7ii7 any mutual or coop]ative electric company describ$ 9 section #eja7;c77#ab7 or section #acha7;a77#b77;,c71 or 7iii7 an ,indian tribal gov]nm5t 7z def9$ 9 section #aci;,e7c77#a774 7,b7 ,c]ta9 entities treat$ z taxpay]s ,9 ! case ( an election "u ?is subsection1 any entity describ$ 9 clause 7i71 7ii71 or 7iii7 ( subp>agraph 7,a7 %all be treat$ z a taxpay] = purposes ( ?is subsection & det]m9+ ! am\nt ( any cr$it "u subsection 7a74 4 7b7 ,au?orization ( appropriations ,to c>ry out subsection 7f7 ( section #dh;,c ( ! ,int]nal ,rev5ue ,code ( #aihf 7z add$ by subsection 7a77#d771 !re is au?oriz$ to be appropriat$ to ! ,/ate ,en]gy ,program ( ! ,dep>tm5t ( ,en]gy1 out ( moneys 9 ! ,treasury n o!rwise appropriat$1 #ejj1jjj1 to rema9 available until exp5d$4 7c7 ,effective date ,! am5dm5ts made by ?is section %all apply to prop]ty plac$ 9 s]vice aft] ,decemb] #ca1 #bjba4 #fjb4 ,issuance ( exempt facility bonds = qualifi$ c>bon dioxide capture facilities 7a7 ,9 g5]al ,section #adb is am5d$-- 7#a7 9 subsection 7a7-- 7,a7 9 p>agraph 7#ad71 by /rik+ or at ! end1 7,b7 9 p>agraph 7#ae71 by /rik+ ! p]iod at ! end & ins]t+ 1 or1 & 7,c7 by add+ at ! end ! foll[+ new p>agraph3 7#af7 qualifi$ c>bon dioxide capture facilities4 1 & 7#b7 by add+ at ! end ! foll[+ new subsection3 7n7 ,qualifi$ c>bon dioxide capture facility 7#a7 ,9 g5]al ,= purposes ( subsection 7a77#af71 ! t]m qualifi$ c>bon dioxide capture facility means-- 7,a7 ! eligible compon5ts ( an indu/rial c>bon dioxide facility1 & 7,b7 a direct air capture facility 7z def9$ 9 section #de,q7e77#a774 7#b7 ,def9itions ,9 ?is subsection3 7,a7 ,eligible compon5t 7i7 ,9 g5]al ,! t]m eligible compon5t means any equipm5t in/all$ 9 an indu/rial c>bon dioxide facility :i* is-- 7,i7 us$ = ! purpose ( capture1 treatm5t & purification1 compression1 transportation1 or on-site /orage ( c>bon dioxide produc$ by ! indu/rial c>bon dioxide facility1 or 7,,ii7 integral or functionally relat$ & subord9ate to a process :i* conv]ts a solid or liquid product f coal1 petroleum residue1 biomass1 or o!r mat]ials :i* are recov]$ = _! en]gy or fe$/ock value into a syn!sis gas compos$ prim>ily ( c>bon dioxide & hydrog5 = direct use or subsequ5t *emical or physical conv]sion4 7ii7 ,def9itions ,= purposes ( ?is subp>agraph-- 7,i7 ,biomass 7aa7 ,9 g5]al ,! t]m biomass means any-- 7,,aa7 agricultural or plant wa/e1 7,,bb7 byproduct ( wood or pap] mill op]ations1 includ+ lign9 9 sp5t pulp+ liquors1 & 7,,cc7 o!r products ( =e/ry ma9t5ance4 7bb7 ,exclusion ,! t]m biomass does n include pap] :i* is commonly recycl$4 7,,ii7 ,coal ,! t]m coal means an?racite1 bitum9\s coal1 subbitum9\s coal1 lignite1 & peat4 7,b7 ,indu/rial c>bon dioxide facility 7i7 ,9 g5]al ,except z provid$ 9 clause 7ii71 ! t]m indu/rial c>bon dioxide facility means a facility t emits c>bon dioxide 7includ+ f any fugitive emissions s\rce7 t is creat$ z a result ( any ( ! foll[+ processes3 7,i7 ,fuel combu/ion4 7,,ii7 ,gasification4 7,,iii7 ,bio9du/rial4 7,,iv7 ,f]m5tation4 7,v7 ,any manufactur+ indu/ry relat+ to-- 7aa7 *emicals1 7bb7 f]tiliz]s1 7cc7 glass1 7dd7 /eel1 7ee7 petroleum residues1 7ff7 =e/ products1 7gg7 agriculture1 includ+ fe$lots & dairy op]ations1 & 7hh7 transportation grade liquid fuels4 7ii7 ,exceptions ,= purposes ( clause 7i71 an indu/rial c>bon dioxide facility %all n include-- 7,i7 any geological gas facility1 or 7,,ii7 any air sep>ation unit t-- 7aa7 does n qualify z gasification equipm5t1 or 7bb7 is n a necess>y compon5t ( an oxy-fuel combu/ion process4 7iii7 ,def9itions ,9 ?is subp>agraph-- 7,i7 ,petroleum residue ,! t]m petroleum residue means ! c>boniz$ product ( high-boil+ hydroc>bon fractions obta9$ 9 petroleum process+4 7,,ii7 ,geological gas facility ,! t]m geological gas facility means a facility t-- 7aa7 produces a raw product consi/+ ( gas or mix$ gas & liquid f a geological =mation1 7bb7 transports or removes impurities f su* product1 or 7cc7 sep>ates su* product into its con/itu5t p>ts4 7#c7 ,special rule = facilities ) less ?an #fe p]c5t capture & /orage p]c5tage 7,a7 ,9 g5]al ,an eligible compon5t ( an indu/rial c>bon dioxide facility ) a capture & /orage p]c5tage t is less ?an #fe p]c5t %all only be treat$ z a qualifi$ c>bon dioxide facility ) respect to ! p]c5tage ( ! co/s attributable to su* eligible compon5t :i* is equal to ! capture & /orage p]c5tage ( su* facility4 7,b7 ,capture & /orage p]c5tage 7i7 ,9 g5]al ,subject to clause 7ii71 ! capture & /orage p]c5tage %all be an am\nt1 express$ z a p]c5tage1 equal to ! quoti5t (-- 7,i7 ! total metric tons ( c>bon dioxide annually captur$1 transport$1 & inject$ into-- 7aa7 a facility = geologic /orage1 or 7bb7 an enhanc$ oil or gas recov]y well foll[$ by geologic /orage1 divid$ by 7,,ii7 ! total metric tons ( c>bon dioxide :i* w\ld o!rwise be releas$ into ! atmosph]e ea* ye> z indu/rial emission ( gre5h\se gas if ! eligible compon5ts 7 n in/all$ 9 ! indu/rial c>bon dioxide facility4 7ii7 ,limit$ application ( eligible compon5ts ,9 ! case ( eligible compon5ts t are design$ to capture c>bon dioxide solely f specific s\rces ( emissions or portions !re( )9 an indu/rial c>bon dioxide facility1 ! capture & /orage p]c5tage "u ?is subp>agraph %all be det]m9$ bas$ only on su* specific s\rces ( emissions or portions !re(4 7#d7 ,regulations ,! ,secret>y %all issue su* regulations or o!r guidance z are necess>y to c>ry out ! provisions ( ?is subsection1 includ+ me?ods = det]m9+ co/s attributable to an eligible compon5t = purposes ( p>agraph 7#c77;,a74 4 7b7 ,volume cap ,section #adf7;g77#d7 is am5d$ by /rik+ p>agraph 7#aa7 ( section #adb7;a7 7relat+ to high-spe$ int]city rail facilities7 & ins]t+ p>agraph 7#aa7 or 7#af7 ( section #adb7;a74 7c7 ,cl>ification ( private bus9ess use ,section #ada7;b77#f7 is am5d$ by add+ at ! end ! foll[+ new subp>agraph3 7,c7 ,cl>ification relat+ to qualifi$ c>bon dioxide capture facilities ,= purposes ( ?is subsection1 ! sale ( c>bon dioxide produc$ by a qualifi$ c>bon dioxide capture facility 7z def9$ 9 section #adb7n77 :i* is own$ by a gov]nm5tal unit %all n con/itute private bus9ess use4 4 7d7 ,effective date ,! am5dm5ts made by ?is section %all apply to obligations issu$ aft] ,decemb] #ca1 #bjba4 #fjc4 ,limitation on importation ( c]ta9 en]gy equipm5t & compon5ts 7a7 ,9 g5]al ,! importation ( an article describ$ 9 subsection 7b7 is prohibit$ unless ! ,unit$ ,nations c]tifies t ! article is n m9$ or o!rwise produc$ us+ =c$ labor or *ild labor4 7b7 ,articles describ$ ,an article describ$ 9 ?is subsection is a sol> cell1 a w9d turb9e1 en]gy /orage equipm5t1 or a compon5t = su* equipm5t4 #fjd4 ,elim9ation ( negative effects on small bus9esses & c]ta9 individual taxpay]s 7a7 ,9 g5]al ,9 ! case ( any taxable ye> beg9n+ aft] ! date ( ! enactm5t ( ?is ,act1 ! ,secret>y ( ! ,treasury 7or ! ,secret>y's delegate7 %all pay to ea* applicable eligible taxpay] an am\nt equal to ! excess 7if any7 (-- 7#a7 ! tax impos$ "u *apt] #a ( ! ,int]nal ,rev5ue ,code ( #aihf 7det]m9$ aft] ! application ( ! am5dm5ts made by ?is ,act :i* are 9 effect = su* taxable ye>71 ov] 7#b7 ! tax impos$ "u su* *apt] on su* taxpay] = su* taxable ye> 7det]m9$ )\t reg>d to ! am5dm5ts made by ?is ,act74 7b7 ,applicable eligible taxpay] ,= purposes ( ?is section-- 7#a7 ,9 g5]al ,! t]m applicable eligible taxpay] means1 ) respect to any taxable ye>1 any eligible taxpay] :o e/abli%es to ! satisfaction ( ! ,secret>y ( ! ,treasury 7or ! ,secret>y's delegate7 t !re is an excess describ$ 9 subsection 7a7 ) respect to su* taxpay]4 7#b7 ,eligible taxpay] 7,a7 ,9 g5]al ,! t]m eligible taxpay] means1 ) respect to any taxable ye>-- 7i7 an individual ) an adju/$ gross income ( n m ?an #djj1jjj1 & 7ii7 any employ] t has an av]age numb] ( few] ?an #ejj employees = ! taxable ye>4 7,b7 ,aggregation rules ,= purposes ( subp>agraph 7,a77ii71 all p]sons treat$ z a s+le employ] "u subsection 7b71 7c71 7m71 or 7o7 ( section #dad ( ! ,int]nal ,rev5ue ,code ( #aihf %all be treat$ z "o employ]4 7,c7 ,special rule = pass-?ru entities ,9 ! case ( a p>tn]%ip1 ,s corporation1 or o!r pass-?ru entity t is describ$ 9 subp>agraph 7,a77ii7-- 7i7 any p>tn]1 %>ehold]1 or o!r applicable individual :o is n describ$ 9 subp>agraph 7,a77i7 %all be treat$ z an eligible taxpay]1 & 7ii7 ! am\nt ( ! excess describ$ "u subsection 7a7 ( su* p>tn]1 %>ehold]1 or o!r applicable individual %all be det]m9$ by only tak+ into acc\nt ! income1 ga91 loss1 d$uction1 or cr$it ( su* p>tn]%ip1 ,s corporation1 or o!r pass-?ru entity4 ,= purposes ( ! prec$+ s5t5ce1 ! t]m applicable individual means1 ) respect to any pass-?ru entity1 any individual to :om ! income1 ga91 loss1 or d$uction ( su* entity is attribut$ = tax purposes4 7c7 ,treatm5t ( paym5ts ,! am\nt ( any paym5t "u subsection 7a7 %all be treat$ z a refund ( taxes due f a provision describ$ 9 section #acbd7;b77#b7 ( title #ca1 ,unit$ ,/ates ,code4 7d7 ,regulations ,! ,secret>y ( ! ,treasury 7or ! ,secret>y's delegate7 %all issue su* regulations or o!r guidance z are necess>y to c>ry out ! provisions ( ?is section4 ,june #ba1 #bjba,read ! second "t & plac$ on ! cal5d>