applicable year
Defined in 2 places of the United States Code.
For purposes of this subsection, the term “applicable year” means calendar year 2032.
Source
- 2026–present26 U.S.C. § 45YInternal Revenue Code · Clean electricity production credit · in this section
For purposes of this subsection, the term "applicable year" means the later of—
(A) the calendar year in which the Secretary determines that the annual greenhouse gas emissions from the production of electricity in the United States are equal to or less than 25 percent of the annual greenhouse gas emissions from the production of electricity in the United States for calendar year 2022, or
(B) 2032.
For purposes of this section:
Source
- 2022–202626 U.S.C. § 45YInternal Revenue Code · Clean electricity production credit · in this section
For the purposes of this subsection, the term “applicable year” means the most recent taxable year for which information is available in the Internal Revenue Service's taxpayer data information systems, or, if there is no return filed for such taxpayer for such year, the prior taxable year.
Source
- 2003–present26 U.S.C. § 6103Internal Revenue Code · Confidentiality and disclosure of returns and return information · under this title