Sec. 203. Extension of qualifying advanced energy project credit
140 words·~1 min read·
/bill/116/s/4306/is/section-203A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 48C of the Internal Revenue Code of 1986 is amended— by redesignating subsection
(e)as subsection (f), and by inserting after subsection
(d)the following new subsection: Not later than 180 days after the date of enactment of the Marshall Plan for Coal Country Act of 2020 , the Secretary, in consultation with the Secretary of Energy, shall establish an additional qualifying advanced energy project program to consider and award certifications for qualified investments eligible for credits under this section to qualifying advanced energy project sponsors. The total amount of credits that may be allocated under the program described in subparagraph
(A)shall not exceed $5,000,000,000. Rules similar to the rules of paragraphs
(2)through
(5)of subsection
(d)shall apply for purposes of this subsection. . Section 48C(c)(1)(A)(ii) is amended by inserting or
(e)after subsection
(d).