Country:United States
Policy status:In Force
Date Effective:2006
Date Ended:2020
Policy Type:Economic Instruments>Fiscal/financial incentives>Taxes
Policy Target:Energy Sector
Agency:Department of Treasury, Internal Revenue Service (IRS)
Legal References:Energy Policy Act of 2005 (§ 1306)

The Credit for Production From Advanced Nuclear Facilities permits a taxpayer to claim a credit for electricity that the taxpayer (1) produces at an advanced nuclear power facility during the eight-year period beginning when the facility is placed in service and (2) sells to an unrelated person (defined as "qualifying electricity"). The credit equals 1.8 cents per kilowatt-hour of electricity produced, limited to no more than USD125 million in tax credits per 1,000 megawatts of allocated capacity in any one year. The facility must be placed in service before January 1, 2021.

Last modified: Fri, 17 Feb 2017 16:58:02 CET