Pub. L. 119-21, tit. VII, subtit. A, ch. 5, subch. A, sec. 70509 (as amended)
TERMINATION OF COST RECOVERY FOR ENERGY PROPERTY.
SEC. 70509. TERMINATION OF COST RECOVERY FOR ENERGY PROPERTY.
(a) Energy Property.—Section 168(e)(3)(B)(vi), as amended by section 13703 of Public Law 117-169, is amended—
(1) by striking subclause (I), and
(2) by redesignating subclauses (II) and (III) as subclauses (I) and (II), respectively.
(b) [26 U.S.C. 168 note] Effective Date.—The amendments made by subsection (a) shall apply to property the construction of which begins after December 31, 2024.
- Cross-references to the US Code
- 26 U.S.C. 168 note
- Public laws referenced
- 117-169