26 U.S.C. 45Y(d)(3)changedby H.R. 5862 Sec. 101(a)
means the later of—(A) the calendar year in which the Secretary determines that the annual greenhouse gas emissions from the production of electricity in the United States are equal to or less than 25 percent of the annual greenhouse gas emissions from the production of electricity in the United States for calendar year 2022, or(B) 2032
The bill says: Section 45Y(d)(3) is amended by striking "calendar year 2032." and inserting
Bill text · Current law (26 U.S.C. 45Y)
26 U.S.C. 45Y(d)(1)changedby H.R. 5862 Sec. 101(b)
The bill says: in paragraph (1), by striking "Subject to paragraph (4), the amount" and inserting "The amount", and
Bill text · Current law (26 U.S.C. 45Y)
26 U.S.C. 45Y(d)removedby H.R. 5862 Sec. 101(b)
The bill says: by striking paragraph (4).
Bill text · Current law (26 U.S.C. 45Y)
26 U.S.C. 45Yremovedby H.R. 5862 Sec. 101(c)
The bill says: Section 45Y is amended by striking subsection (h).
Bill text · Current law (26 U.S.C. 45Y)
26 U.S.C. 45Y(b)(2)(C)removedby H.R. 5862 Sec. 101(d)
The bill says: Section 45Y(b)(2)(C) is amended by striking clause (iii).
Bill text · Current law (26 U.S.C. 45Y)
26 U.S.C. 48E(e)(1)changedby H.R. 5862 Sec. 102(a)
The bill says: in paragraph (1), by striking "Subject to paragraph (4), the amount" and inserting "The amount", and
Bill text · Current law (26 U.S.C. 48E)
26 U.S.C. 48E(e)removedby H.R. 5862 Sec. 102(a)
The bill says: by striking paragraph (4).
Bill text · Current law (26 U.S.C. 48E)
26 U.S.C. 48Erenumberedby H.R. 5862 Sec. 102(b)
The bill says: Section 48E is amended by striking subsection (i) and by redesignating subsections (j) and (k) as subsections (i) and (j), respectively.
Bill text · Current law (26 U.S.C. 48E)
26 U.S.C. 50removedby H.R. 5862 Sec. 102(b)
The bill says: Section 50 is amended by striking subsection (e).
Bill text · Current law (26 U.S.C. 50)
26 U.S.C. 48(a)(2)(A)(ii)a new sectionchangedby H.R. 5862 Sec. 102(c)
The bill says: Section 48(a)(2)(A)(ii) is amended by striking "0 percent" and inserting "2 percent".
Bill text
26 U.S.C. 45X(c)(6)renumberedby H.R. 5862 Sec. 103(a)
The bill says: Section 45X(c)(6) is amended by striking subparagraph (R) and by redesignating subparagraphs (S) through (AA) as subparagraphs (R) through (ZZ), respectively.
Bill text · Current law (26 U.S.C. 45X)
26 U.S.C. 45X(b)(3)removedby H.R. 5862 Sec. 103(b)
The bill says: Section 45X(b)(3) is amended by striking subparagraph (D).
Bill text · Current law (26 U.S.C. 45X)
26 U.S.C. 45X(b)(1)(M)changedby H.R. 5862 Sec. 103(c)
The bill says: Section 45X(b)(1)(M) is amended by striking "(2.5 percent in the case of metallurgical coal)".
Bill text · Current law (26 U.S.C. 45X)
26 U.S.C. 45X(b)(3)changedby H.R. 5862 Sec. 103(c)
The bill says: The heading of section 45X(b)(3) is amended by striking "and termination".
Bill text · Current law (26 U.S.C. 45X)
26 U.S.C. 45X(b)(3)(A)changedby H.R. 5862 Sec. 103(c)
The bill says: Section 45X(b)(3)(A) is amended by striking "subparagraphs (C) and (D)" and inserting "subparagraph (C)".
Bill text · Current law (26 U.S.C. 45X)
26 U.S.C. 45X(b)(3)(C)changedby H.R. 5862 Sec. 103(c)
The bill says: The heading of section 45X(b)(3)(C) is amended by striking "other than metallurgical coal".
Bill text · Current law (26 U.S.C. 45X)
26 U.S.C. 45X(b)(3)(C)(ii)changedby H.R. 5862 Sec. 103(c)
The bill says: The heading of section 45X(b)(3)(C)(ii) is amended by striking "other than metallurgical coal".
Bill text · Current law (26 U.S.C. 45X)
26 U.S.C. 45X(b)(3)removedby H.R. 5862 Sec. 103(c)
The bill says: Section 45X(b)(3) is amended by striking subparagraph (E).
Bill text · Current law (26 U.S.C. 45X)
26 U.S.C. 48C(e)(3)(C)changedby H.R. 5862 Sec. 104(a)
The bill says: Section 48C(e)(3)(C) is amended by striking "shall not be increased" and inserting "shall be increased".
Bill text · Current law (26 U.S.C. 48C)
26 U.S.C. 45V(c)(3)(C)changedby H.R. 5862 Sec. 105(a)
The bill says: Section 45V(c)(3)(C) is amended by striking "January 1, 2028" and inserting "January 1, 2033".
Bill text · Current law (26 U.S.C. 45V)
26 U.S.C. 25D(h)changedby H.R. 5862 Sec. 106(a)
The bill says: Section 25D(h) is amended by striking "with respect to any expenditures made after December 31, 2025" and inserting "to property placed in service after December 31, 2034".
Bill text · Current law (26 U.S.C. 25D)
26 U.S.C. 25D(g)added (4)by H.R. 5862 Sec. 106(b)
(g) Applicable percentage. For purposes of subsection (a), the applicable percentage shall be— (1) in the case of property placed in service after December 31, 2016, and before January 1, 2020, 30 percent, (2) in the case of property placed in service after December 31, 2019, and before January 1, 2022, 26 percent, (3) in the case of property placed in service after December 31, 2021, and before January 1, 2033, 30 percent, (4) in the case of property placed in service after December 31, 2032, and before January 1, 2034, 26 percent, and (5) in the case of property placed in service after December 31, 2033, and before January 1, 2035, 22 percent.
The bill says: Section 25D(g) is amended by striking "and" at the end of paragraph (2), by striking "30 percent." at the end of paragraph (3) and inserting "and before January 1, 2033, 30 percent," and by adding at the end the following new paragraphs:
Bill text · Current law (26 U.S.C. 25D)
26 U.S.C. 45Z(a)(3)a new sectionrewrittenby H.R. 5862 Sec. 107(a)
(3) Special rate for sustainable aviation fuel.—(A) In general.— In the case of a transportation fuel which is sustainable aviation fuel, paragraph (2) shall be applied—(i) in the case of fuel produced at a qualified facility described in paragraph (2)(A), by substituting "35 cents" for "20 cents", and(ii) in the case of fuel produced at a qualified facility described in paragraph (2)(B), by substituting "$1.75" for "$1.00".(B) Sustainable aviation fuel.— For purposes of subparagraph (A), the term "sustainable aviation fuel" means liquid fuel, the portion of which is not kerosene, which is sold for use in an aircraft and which—(i) meets the requirements of—(I) ASTM International Standard D7566, or(II) the Fischer Tropsch provisions of ASTM International Standard D1655, Annex A1, and(ii) is not derived from palm fatty acid distillates or petroleum.
The bill says: Section 45Z(a)(3) is amended to read as follows:
Bill text
26 U.S.C. 45Z(c)(1)a new sectionchangedby H.R. 5862 Sec. 107(b)
The bill says: Section 45Z(c)(1) is amended by striking "and the $1.00 amount in subsection (a)(2)(B)" and inserting "the $1.00 amount in subsection (a)(2)(B), the 35 cent amount in subsection (a)(3)(A)(i), and the $1.75 amount in subsection (a)(3)(A)(ii)".
Bill text
26 U.S.C. 25C(h)rewrittenby H.R. 5862 Sec. 201(a)
(h) Product identification number requirement.—(1) In general.— No credit shall be allowed under subsection (a) with respect to any item of specified property placed in service after December 31, 2024, unless—(A) such item is produced by a qualified manufacturer, and(B) the taxpayer includes the qualified product identification number of such item on the return of tax for the taxable year.(2) Qualified product identification number.— For purposes of this section, the term "qualified product identification number" means, with respect to any item of specified property, the product identification number assigned to such item by the qualified manufacturer pursuant to the methodology referred to in paragraph (3).(3) Qualified manufacturer.— For purposes of this section, the term "qualified manufacturer" means any manufacturer of specified property which enters into an agreement with the Secretary which provides that such manufacturer will—(A) assign a product identification number to each item of specified property produced by such manufacturer utilizing a methodology that will ensure that such number (including any alphanumeric) is unique to each such item (by utilizing numbers or letters which are unique to such manufacturer or by such other method as the Secretary may provide),(B) label such item with such number in such manner as the Secretary may provide, and(C) make periodic written reports to the Secretary (at such times and in such manner as the Secretary may provide) of the product identification numbers so assigned and including such information as the Secretary may require with respect to the item of specified property to which such number was so assigned.(4) Specified property.— For purposes of this subsection, the term "specified property" means any qualified energy property and any property described in subparagraph (B) or (C) of subsection (c)(3).
The bill says: Section 25C(h) is amended to read as follows:
Bill text · Current law (26 U.S.C. 25C)
26 U.S.C. 45L(h)changedby H.R. 5862 Sec. 202(a)
The bill says: Section 45L(h) is amended by striking "acquired after June 30, 2026" and inserting "acquired after December 31, 2032".
Bill text · Current law (26 U.S.C. 45L)
26 U.S.C. 179Dremovedby H.R. 5862 Sec. 203(a)
The bill says: Section 179D is amended by striking subsection (i).
Bill text · Current law (26 U.S.C. 179D)
26 U.S.C. 168(e)(3)(B)(vi)renumberedby H.R. 5862 Sec. 204(a)
The bill says: by redesignating subclauses (I) and (II) as subclauses (II) and (III), respectively, and
Bill text · Current law (26 U.S.C. 168)
26 U.S.C. 168(e)(3)(B)(vi)added (I)by H.R. 5862 Sec. 204(a)
(I) is described in subparagraph (A) of section 48(a)(3) (or would be so described if “solar or wind energy” were substituted for “solar energy” in clause (i) thereof and the last sentence of such section did not apply to such subparagraph),
The bill says: by inserting before subclause (II) (as so redesignated) the following subclause:
Bill text · Current law (26 U.S.C. 168)
26 U.S.C. 25E(g)changedby H.R. 5862 Sec. 301(a)
The bill says: Section 25E(g) is amended by striking "acquired after September 30, 2025" and inserting "acquired after December 31, 2032".
Bill text · Current law (26 U.S.C. 25E)
26 U.S.C. 30D(h)changedby H.R. 5862 Sec. 302(a)
The bill says: Section 30D(h) is amended by striking "acquired after September 30, 2025" and inserting "placed in service after December 31, 2032".
Bill text · Current law (26 U.S.C. 30D)
26 U.S.C. 30D(e)(1)(B)added (v)by H.R. 5862 Sec. 302(b)
(v) in the case of a vehicle placed in service after December 31, 2026, 80 percent.
The bill says: Section 30D(e)(1)(B) is amended by striking "and" at the end of clause (iii), by striking the period at the end of clause (iv) and inserting ", and", and by adding at the end the following clause:
Bill text · Current law (26 U.S.C. 30D)
26 U.S.C. 30D(e)(2)(B)added (iv)by H.R. 5862 Sec. 302(b)
(iv) in the case of a vehicle placed in service during calendar year 2027, 80 percent,(v) in the case of a vehicle placed in service during calendar year 2028, 90 percent, and(vi) in the case of a vehicle placed in service after December 31, 2028, 100 percent.
The bill says: Section 30D(e)(2)(B) is amended by striking "and" at the end of clause (ii), by striking the period at the end of clause (iii), and by adding at the end the following clauses:
Bill text · Current law (26 U.S.C. 30D)
26 U.S.C. 45W(g)changedby H.R. 5862 Sec. 303(a)
The bill says: Section 45W(g) is amended by striking "September 30, 2025" and inserting "December 31, 2032".
Bill text · Current law (26 U.S.C. 45W)
26 U.S.C. 30C(i)changedby H.R. 5862 Sec. 304(a)
The bill says: Section 30C(i) is amended by striking "June 30, 2026" and inserting "December 31, 2032".
Bill text · Current law (26 U.S.C. 30C)