Zero-Emission Nuclear Power Production Credit – 26 U.S. Code § 45U
IRA Statuatory Location:
Tax Code Location:
26 U.S. Code § 45U
New or Modified Provision:
U.S. Department of Treasury
Tax credit for electricity produced at a qualified nuclear power facility. Existing nuclear power plants at time of enactment that are not eligible for the 45J credit.
Direct Pay Eligibility:
Yes, for tax-exempt organizations; states; political subdivisions; the Tennessee Valley Authority; Indian Tribal governments; Alaska Native Corporations; and rural electricity co-ops.
Facilities eligible for the 45J advanced nuclear production tax credit are not eligible for the 45U credit. Payments from federal, state, or local zero-emission nuclear subsidies reduce the credit amount.