Sec. 323. Permanent extension of qualifying advanced energy project credit
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Section 48C(d)(1)(B) of the Internal Revenue Code of 1986 is amended— by inserting in any calendar year after allocated under the program , and by striking $2,300,000,000 and inserting $1,000,000,000 . Section 48C(d)(2)(A) of such Code is amended by striking during the 2-year period beginning on the date the Secretary establishes the program under paragraph
(1). Section 48C(d)(4) of such Code is amended by striking subparagraphs
(A)and
(B)and inserting the following: Not later than 4 years after the close of any calendar year for which allocations were made under this section, the Secretary shall review the credits allocated under this section for such calendar year. The Secretary may reallocate credits awarded under this section for a calendar year if the Secretary determines that any certification made pursuant to paragraph
(2)has been revoked pursuant to paragraph (2)(B) because the project subject to the certification has been delayed as a result of third-party opposition or litigation to the proposed project. . Section 48C(d)(4)(C) of such Code is amended by striking the Secretary is authorized to conduct an additional program for applications for certification and inserting notwithstanding paragraph (2)(A), the Secretary is authorized to accept additional applications for certification with respect to such amounts. .