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136 STAT. 1929 PUBLIC LAW 117–169—AUG. 16, 2022 (3) by adding at the end the following new paragraph: ‘‘(3) for purposes of subsection (d)(2)(B)(ii), adjust the base- line carbon oxide production with respect to any applicable electric generating unit at any electricity generating facility if, after the date on which the carbon capture equipment is placed in service, modifications which are chargeable to capital account are made to such unit which result in a significant increase or decrease in carbon oxide production.’’. (i) EFFECTIVE DATES.— (1) IN GENERAL.—Except as provided in paragraphs (2), (3), and (4), the amendments made by this section shall apply to facilities or equipment placed in service after December 31, 2022. (2) MODIFICATION OF CARBON OXIDE CAPTURE REQUIRE- MENTS.—The amendments made by subsection (a) shall apply to facilities or equipment the construction of which begins after the date of enactment of this Act. (3) APPLICATION OF SECTION FOR CERTAIN CARBON CAPTURE EQUIPMENT.—The amendments made by subsection (f) shall take effect on the date of enactment of this Act. (4) ELECTION.—The amendments made by subsection (g) shall apply to carbon oxide captured and disposed of after December 31, 2021. SEC. 13105. ZERO-EMISSION NUCLEAR POWER PRODUCTION CREDIT. (a) IN GENERAL.—Subpart D of part IV of subchapter A of chapter 1 is amended by adding at the end the following new section: ‘‘SEC. 45U. ZERO-EMISSION NUCLEAR POWER PRODUCTION CREDIT. ‘‘(a) AMOUNT OF CREDIT.—For purposes of section 38, the zero- emission nuclear power production credit for any taxable year is an amount equal to the amount by which— ‘‘(1) the product of— ‘‘(A) 0.3 cents, multiplied by ‘‘(B) the kilowatt hours of electricity— ‘‘(i) produced by the taxpayer at a qualified nuclear power facility, and ‘‘(ii) sold by the taxpayer to an unrelated person during the taxable year, exceeds ‘‘(2) the reduction amount for such taxable year. ‘‘(b) DEFINITIONS.— ‘‘(1) QUALIFIED NUCLEAR POWER FACILITY.—For purposes of this section, the term ‘qualified nuclear power facility’ means any nuclear facility— ‘‘(A) which is owned by the taxpayer and which uses nuclear energy to produce electricity, ‘‘(B) which is not an advanced nuclear power facility as defined in subsection (d)(1) of section 45J, and ‘‘(C) which is placed in service before the date of the enactment of this section. ‘‘(2) REDUCTION AMOUNT.— ‘‘(A) IN GENERAL.—For purposes of this section, the term ‘reduction amount’ means, with respect to any quali- fied nuclear power facility for any taxable year, the amount equal to the lesser of— ‘‘(i) the amount determined under subsection (a)(1), or 26 USC 45U. Applicability. 26 USC 45Q note. VerDate Sep 11 2014 13:57 Oct 25, 2022 Jkt 029139 PO 00169 Frm 00113 Fmt 6580 Sfmt 6581 E:\PUBLAW\PUBL169.117 PUBL169 jmbennett on LAP3P8D0R2PROD with Publaw