ruling amount
Defined in 1 place of the United States Code.
The term “ruling amount” means, with respect to any taxable year, the amount which the Secretary determines under paragraph (1) to be necessary to—
(A) fund that portion of the nuclear decommissioning costs of the taxpayer with respect to the nuclear powerplant which bears the same ratio to the total nuclear decommissioning costs with respect to such nuclear powerplant as the period for which the Fund is in effect bears to the estimated useful life of such nuclear powerplant, and
(B) prevent any excessive funding of such costs or the funding of such costs at a rate more rapid than level funding, taking into account such discount rates as the Secretary deems appropriate.
Source
- 1994–200526 U.S.C. § 468AInternal Revenue Code · Special rules for nuclear decommissioning costs · for purposes of this section
The term “ruling amount” means, with respect to any taxable year, the amount which the Secretary determines under paragraph (1) to be necessary to—
(A) fund the total nuclear decommissioning costs with respect to such power plant over the estimated useful life of such power plant, and
(B) prevent any excessive funding of such costs or the funding of such costs at a rate more rapid than level funding, taking into account such discount rates as the Secretary deems appropriate.
Source
- 2005–present26 U.S.C. § 468AInternal Revenue Code · Special rules for nuclear decommissioning costs · for purposes of this section