TITLE 26. INTERNAL REVENUE CODE § 6417. Elective payment of applicable credits., 26 USCS § 6417

Summary

(a) In general. In the case of an applicable entity making an election (at such time and in such manner as the Secretary may provide) under this section with respect to any applicable credit determined with respect to such entity, such entity shall be treated as making a payment against the tax imposed by subtitle A [26 USCS §§ 1 et seq.] (for the taxable year with respect to which such credit was determined) equal to the amount of such credit.

(b) Applicable credit. The term “applicable credit” means each of the following:

(1) So much of the credit for alternative fuel vehicle refueling property allowed under section 30C [26 USCS § 30C] which, pursuant to subsection (d)(1) of such section, is treated as a credit listed in section 38(b) [26 USCS § 38(b)].

(2) So much of the renewable electricity production credit determined under section 45(a) [26 USCS § 45(a)] as is attributable to qualified facilities which are originally placed in service after December 31, 2022.

(3) So much of the credit for ...