The deadline may be extended after an act of God
What the document says“The Secretary may extend the date under subparagraph (A)(vii) with respect to any property that meets the requirements of clauses (i) through (vi) of subparagraph (A)”
The section lets the Secretary put back the January 1, 2031 placed in service date for property meeting the other tests where an act of God, as defined in section 101(1) of the Comprehensive Environmental Response, Compensation, and Liability Act of 1980, kept the taxpayer from placing it in service in time.
What the document actually says“The Secretary may extend the date under subparagraph (A)(vii) with respect to any property that meets the requirements of clauses (i) through (vi) of subparagraph (A)”
The Secretary may put back the deadline. The building must still meet all the other tests.
The delay must come from an act of God. An older law says what that means. That law is not indexed here.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.