Sec. 3206. Phaseout and repeal of credit for electricity produced from certain renewable resources
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Section 45(b) is amended by striking paragraph (2). Section 45(e)(2) is amended— by striking the inflation adjustment factor and in subparagraph (A), and by striking subparagraph
(B)and redesignating subparagraph
(C)as subparagraph (B). The amendments made by this subsection shall apply to electricity, and refined coal, produced and sold after December 31, 2014. Section 45(e) is amended by adding at the end the following new paragraph: For purposes of subsection
(d)and section 48(a)(5), the construction of any facility, modification, improvement, addition, or other property shall not be treated as beginning before any date unless there is a continuous program of construction which begins before such date and ends on the date that such property is placed in service. . The amendment made by this subsection shall apply to taxable years beginning before, on, or after the date of the enactment of this Act. Subpart D of part IV of subchapter A of chapter 1 is amended by striking section 45 (and by striking the item relating to such section in the table of sections for such subpart). Section 38(b) is amended by striking paragraph (8). The amendments made by this subsection shall apply to electricity, and refined coal, produced and sold after December 31, 2024.