Get Announcement 2004-42 - Credit For Producing Fuel From A Nonconventional Source. This Announcement

Section 45(e)(2)(B) defines the inflation adjustment factor for a calendar year as the fraction the numerator of which is the GDP implicit price deflator for the preceding calendar year and the denominator of which is the GDP implicit price deflator for the calendar year 1992.

Section 45K(a) provides a credit for fuel produced from a nonconventional source and sold by the taxpayer to an unrelated person, the production of which is attributable to the taxpayer. Section 45K does not further define “sale” except to require that the sale be to an unrelated party.

Section 45K(a) provides a credit for fuel produced from a nonconventional source and sold by the taxpayer to an unrelated person, the production of which is attributable to the taxpayer. Section 45K does not further define “sale” except to require that the sale be to an unrelated party.

Section 45D(d)(1) provides that the term "qualified low-income community investment" means: (A) any capital or equity investment in, or loan to, any qualified active low-income community business (as defined in § 45D(d)(2)); (B) the purchase from another CDE of any loan made by the entity that is a qualified low-income ...

IRC section 45 provides a credit for electricity produced from renewable sources, such as wind and geothermal energy. The credit is equal to a designated monetary amount multiplied by the kilowatt hours of electricity produced by the taxpayer and sold to an unrelated person.

Section 29(a) provides for a credit for producing fuel from a nonconventional source, measured in barrel-of-oil equivalent of qualified fuels, the production of which is attributable to the taxpayer and sold by the taxpayer to an unrelated person during the tax year.