New plant tax credit guidance posted on IRS web site

New plant tax credit guidance posted on IRS web site

Washington (Platts)--3May2006

Guidance on the allocation of production tax credits for new advanced nuclear
power plants has been posted on the IRS web site. The Energy Policy Act of
2005 authorized the credits as an investment stimulus. The Internal Revenue
Service guidance sets out the process for distributing a 1.8 cents per
kilowatt-hour tax credit for 6,000 MW of new nuclear generating capacity that
comes on line before 2021. The notice (2006-40) is at:
www.irs.gov/pub/irs-irbs/irb06-18.pdf .

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