Country:United States
Year:2006
Policy status:In Force
Jurisdiction:National
Date Effective:2006
Policy Type:Economic Instruments>Fiscal/financial incentives>Taxes
Policy Target:Framework/ Multi-sectoral Policy
Agency:U.S. Department of the Treasury
URL:http://frwebgate.access.gpo.gov/cgi-bin/getdoc.cgi?dbname=109_cong_bills&docid=f:h6enr.txt.pdf
Legal References:Expanded by Energy Policy Act of 2005 (§ 1309) to include units used on power plants built after 1975
Description:The U.S. Treasury Departments Accelerated amortization for atmospheric pollution control facilities allows owners of plants that were in operation before 1976 to amortize a portion of the costs of certain certified air pollution control facilities over 60 months, but owners of plants not in operation at that time must depreciate the costs of such facilities under general depreciation rules. There is a 7-year recovery period for 60% of the cost of certain certified air pollution control facilities used in connection with an electric generation plant which is primarily coal-fired, and which began operation after 1975.

Last modified: Wed, 29 Aug 2012 14:24:16 CEST