Restriction on the Extension of Advanced Energy Project Credit Program
Section 70515 · Sec. 70515 ·
What this chapter is about
This part changes one phrase in an energy project credit rule. The words shall be increased become shall not be increased. It starts on the day this law passed.
“Section 48C(e)(3)(C) is amended by striking "shall be increased" and inserting "shall not be increased".”
The section strikes the words shall be increased and inserts shall not be increased in section 48C(e)(3)(C) of the Internal Revenue Code of 1986. That provision is not indexed here, so this record states the change and stops.
What the document actually says
“Section 48C(e)(3)(C) is amended by striking "shall be increased" and inserting "shall not be increased".”
That sentence, in plain words
Four words are taken out of a tax rule. Five are put in. The word not is added.
What this is about
That flips the rule from a rise to no rise. What the rule controls is not recorded here. The tax code is not indexed on this site.
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.
The document says “shall apply”Who acts: Secretary of the TreasuryHow: statuteSec. 70515 in the PDF
What the document says
“The amendment made by this section shall take effect on the date of enactment of this Act.”
The section provides that its amendment takes effect on the date of enactment.
What the document actually says
“The amendment made by this section shall take effect on the date of enactment of this Act.”
That sentence, in plain words
The change starts on the day this law passed. Nothing before that is touched.
What this is about
The old rule still holds up to then. The date is fixed in the law. There is no delay built in.
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.
Both things the section does: reverse the phrase, and fix the effective date.
Nothing in the section is left out. It has two subsections and each is recorded.
The section works by amending section 48C(e)(3)(C) of the Internal Revenue Code of 1986, which is not indexed here, so what the phrase controls cannot be checked against anything on this site.
