§45Y. Clean electricity production credit — Inbound Citations
26 U.S.C. § 45Y
Cited by 23 provisions in release 119-102.
Citations to 26 U.S.C. § 45Y as a whole
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(v) a clean electricity production credit determined under section 45Y,
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(viii) any qualified facility (as defined in section 45Y(b)(1)(A)), any qualified property (as defined in subsection (b)(2) of section 48E) which is a qualified investment (as defined in subsection (b)(1) of such section), or any energy storage technology (as defined in subsection (c)(2) of such section).
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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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(CC) for purposes of section 45Y or section 48E, the total direct costs attributable to all manufactured products that were not produced or manufactured by a prohibited foreign entity.
Citations to §45Y(a)
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(39) the clean electricity production credit determined under section 45Y(a),
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(8) The clean electricity production credit determined under section 45Y(a).
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(vii) The clean electricity production credit determined under section 45Y(a).
Citations to §45Y(b)(1)
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(I) a qualified facility, as defined in section 45Y(b)(1), and
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(I) a qualified facility, as defined in section 45Y(b)(1),
Citations to §45Y(b)(1)(A)
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(viii) any qualified facility (as defined in section 45Y(b)(1)(A)), any qualified property (as defined in subsection (b)(2) of section 48E) which is a qualified investment (as defined in subsection (b)(1) of such section), or any energy storage technology (as defined in subsection (c)(2) of such section).
Citations to §45Y(b)(1)(B)
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(iii) shall apply to such taxable year and to any subsequent taxable year which is within the period described in subsection (b)(1)(B) of section 45Y with respect to such facility.
Citations to §45Y(b)(1)(C)
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(i) Rules similar to the rules of section 45Y(b)(1)(C) shall apply for purposes of this paragraph.
Citations to §45Y(b)(2)
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(ii) Rules similar to the rules of section 45Y(b)(2) shall apply for purposes of this paragraph.
Citations to §45Y(b)(2)(B)
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(i) which is not described in section 45Y(b)(2)(B),
Citations to §45Y(c)
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(2) For purposes of paragraph (1), the inflation adjustment factor shall be the inflation adjustment factor determined and published by the Secretary pursuant to section 45Y(c), determined by substituting “calendar year 2022” for “calendar year 1992” in paragraph (3) thereof.
Citations to §45Y(d)(3)
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(3) For purposes of this subsection, the term “applicable year” has the same meaning given such term in section 45Y(d)(3).
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(C) For purposes of this paragraph, the term “annual capacity limitation” means 1.8 gigawatts of direct current capacity for each calendar year during the period beginning on January 1, 2025, and ending on December 31 of the applicable year (as defined in section 45Y(d)(3)), and zero thereafter.
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(i) If the annual capacity limitation for any calendar year exceeds the aggregate amount allocated for such year under this paragraph, such limitation for the succeeding calendar year shall be increased by the amount of such excess. No amount may be carried under the preceding sentence to any calendar year after the third calendar year following the applicable year (as defined in section 45Y(d)(3)).
Citations to §45Y(d)(4)(B)
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(aa) placed into service before January 1, 2030 (or, in the case of an applicable facility, as defined in section 45Y(d)(4)(B), before January 1, 2028) in a facility the construction of which began before August 1, 2025, or
Citations to §45Y(e)(2)
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(f) In this section, the term “greenhouse gas” has the same meaning given such term under section 45Y(e)(2).
Citations to §45Y(g)(6)
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(5) Rules similar to the rules of section 45Y(g)(6) shall apply.
Citations to §45Y(g)(11)(B)
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(I) a manufactured product which is a component of a qualified facility, as described in section 45Y(g)(11)(B) and any guidance issued thereunder, or
Citations to §45Y(g)(12)
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(5) In the case of a taxpayer making an election under section 6417 with respect to a credit under this section, rules similar to the rules of section 45Y(g)(12) shall apply.