Sec. 112012. Restrictions on zero-emission nuclear power production credit
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/bill/119/hr/1/eh/section-112012A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 45U(c) is amended by adding at the end the following new paragraph: No credit determined under subsection
(a)shall be allowed under section 38 for any taxable year beginning after the date of enactment of this paragraph if the taxpayer is a specified foreign entity (as defined in section 7701(a)(51)(B)). No credit determined under subsection
(a)shall be allowed under section 38 for any taxable year beginning after the date which is 2 years after the date of enactment of this paragraph if the taxpayer is a foreign-influenced entity (as defined in section 7701(a)(51)(D)). . Section 45U(e) is amended by striking December 31, 2032 and inserting December 31, 2031 . The amendments made by this section shall apply to taxable years beginning after the date of enactment of this Act.