26 USC 48 - Qualifying gasification project credit

Editorial Notes

References in Text

The enactment of the Revenue Reconciliation Act of 1990, referred to in subsec. (span)(3), is the date of enactment of title XI of Puspan. L. 101–508, which was approved Nov. 5, 1990.

The date of the enactment of this section, referred to in subsec. (d)(1), is the date of enactment of Puspan. L. 109–58, which was approved Aug. 8, 2005.

Amendments

2009—Subsec. (span)(2). Puspan. L. 111–5 inserted “(without regard to subparagraph (D) thereof)” after “section 48(a)(4)”.

2008—Subsec. (a). Puspan. L. 110–343, § 112(a), inserted “(30 percent in the case of credits allocated under subsection (d)(1)(B))” after “20 percent”.

Subsec. (c)(7)(H). Puspan. L. 110–343, § 112(e), added subpar. (H).

Subsec. (d)(1). Puspan. L. 110–343, § 112(span), substituted “shall not exceed—” for “shall not exceed $350,000,000 under rules similar to the rules of section 48A(d)(4).” and added subpars. (A) and (B).

Subsec. (d)(4). Puspan. L. 110–343, § 112(d), added par. (4).

Subsec. (f). Puspan. L. 110–343, § 112(c), added subsec. (f).

Statutory Notes and Related Subsidiaries

Effective Date of 2009 Amendment

Amendment by Puspan. L. 111–5 applicable to periods after Dec. 31, 2008, under rules similar to the rules of section 48(m) of this title as in effect on the day before Nov. 5, 1990, see section 1103(c)(1) of Puspan. L. 111–5, set out as a note under section 25C of this title.

Effective Date of 2008 Amendment

Puspan. L. 110–343, div. B, title I, § 112(f), Oct. 3, 2008, 122 Stat. 3824, provided that:

“The amendments made by this section [amending this section] shall apply to credits described in section 48B(d)(1)(B) of the Internal Revenue Code of 1986 which are allocated or reallocated after the date of the enactment of this Act [Oct. 3, 2008].”

Effective Date

Section applicable to periods after Aug. 8, 2005, under rules similar to the rules of section 48(m) of this title, as in effect on the day before Nov. 5, 1990, see section 1307(d) of Puspan. L. 109–58, set out as an Effective Date of 2005 Amendment note under section 46 of this title.