§45X. Advanced manufacturing production credit — Inbound Citations
26 U.S.C. § 45X
Cited by 17 provisions in release 119-102.
Citations to 26 U.S.C. § 45X as a whole
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(2) For purposes of this subsection, the term “disallowance of an applicable energy credit” means the disallowance of a credit under section 45X, 45Y, or 48E by reason of overstating the material assistance cost ratio (as determined under section 7701(a)(52)) with respect to any qualified facility, energy storage technology, or facility which produces eligible components.
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(BB) for purposes of section 45X, the total direct material costs for each component, constituent element, material, or subcomponent that were not produced or manufactured by a prohibited foreign entity, or
Citations to §45X(a)
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(38) the advanced manufacturing production credit determined under section 45X(a),
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(7) The credit for advanced manufacturing production under section 45X(a).
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(vi) The advanced manufacturing production credit determined under section 45X(a).
Citations to §45X(c)(1)
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(i) If a taxpayer other than an entity described in subparagraph (A) makes an election under this subparagraph with respect to any taxable year in which such taxpayer has, after December 31, 2022, produced eligible components (as defined in section 45X(c)(1)), such taxpayer shall be treated as an applicable entity for purposes of this section for such taxable year, but only with respect to the credit described in subsection (b)(7).
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(iii) The term “eligible component” has the same meaning given such term under section 45X(c)(1).
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(I) any property described in section 45X(c)(1), or
Citations to §45X(c)(2)(B)
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(III) in the case of any inverter described in subparagraphs (B) through (G) of section 45X(c)(2) which is sold—(aa) during calendar year 2026, 50 percent,(bb) during calendar year 2027, 55 percent,(cc) during calendar year 2028, 60 percent,(dd) during calendar year 2029, 65 percent, and(ee) after December 31, 2029, 70 percent,
Citations to §45X(c)(2)(G)
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(III) in the case of any inverter described in subparagraphs (B) through (G) of section 45X(c)(2) which is sold—(aa) during calendar year 2026, 50 percent,(bb) during calendar year 2027, 55 percent,(cc) during calendar year 2028, 60 percent,(dd) during calendar year 2029, 65 percent, and(ee) after December 31, 2029, 70 percent,
Citations to §45X(c)(3)(A)
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(I) in the case of any solar energy component (as such term is defined in section 45X(c)(3)(A)) which is sold—(aa) during calendar year 2026, 50 percent,(bb) during calendar year 2027, 60 percent,(cc) during calendar year 2028, 70 percent,(dd) during calendar year 2029, 80 percent, and(ee) after December 31, 2029, 85 percent,
Citations to §45X(c)(4)(A)
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(II) in the case of any wind energy component (as such term is defined in section 45X(c)(4)(A)) which is sold—(aa) during calendar year 2026, 85 percent, and(bb) during calendar year 2027, 90 percent,
Citations to §45X(c)(5)(A)
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(IV) in the case of any qualifying battery component (as such term is defined in section 45X(c)(5)(A)) which is sold—(aa) during calendar year 2026, 60 percent,(bb) during calendar year 2027, 65 percent,(cc) during calendar year 2028, 70 percent,(dd) during calendar year 2029, 80 percent, and(ee) after December 31, 2029, 85 percent, and
Citations to §45X(c)(6)
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(A) The requirement described in this subparagraph with respect to a vehicle is that, with respect to the battery from which the electric motor of such vehicle draws electricity, the percentage of the value of the applicable critical minerals (as defined in section 45X(c)(6)) contained in such battery that were—(i) extracted or processed—(I) in the United States, or(II) in any country with which the United States has a free trade agreement in effect, or(ii) recycled in North America,is equal to or greater than the applicable percentage (as certified by the qualified manufacturer, in such form or manner as prescribed by the Secretary).
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(i) The term “applicable critical mineral” has the same meaning given such term under section 45X(c)(6).
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(V) subject to clause (ii), in the case of any applicable critical mineral (as such term is defined in section 45X(c)(6)) which is sold—(aa) after December 31, 2025, and before January 1, 2030, 0 percent,(bb) during calendar year 2030, 25 percent,(cc) during calendar year 2031, 30 percent,(dd) during calendar year 2032, 40 percent, and(ee) after December 31, 2032, 50 percent.
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(ii) Not later than December 31, 2027, the Secretary shall issue threshold percentages for each of the applicable critical minerals described in section 45X(c)(6)), which shall—(I) apply in lieu of the threshold percentage determined under clause (i)(V) for each calendar year, and(II) equal or exceed the threshold percentage which would otherwise apply with respect to such applicable critical mineral under such clause for such calendar year, taking into account—(aa) domestic geographic availability,(bb) supply chain constraints,(cc) domestic processing capacity needs, and(dd) national security concerns.