Treasury Regulations (26 C.F.R.)
26 CFR § 1.468A-0
Nuclear decommissioning costs; table of contents.
This section lists the paragraphs contained in §§ 1.468A-1 through 1.468A-9.
(a) Introduction.
(b) Definitions.
(c) Special rules applicable to certain experimental nuclear facilities.
(a) In general.
(b) Limitation on payments to a nuclear decommissioning fund.
(1) In general.
(2) Excess contributions not deductible.
(c) Deemed payment rules.
(1) In general.
(2) Cash payment by customer.
(d) Treatment of distributions.
(1) In general.
(2) Exceptions to inclusion in gross income.
(i) Payment of administrative costs and incidental expenses.
(ii) Withdrawals of excess contributions.
(iii) Actual distributions of amounts included in gross income as deemed distributions.
(e) Deduction when economic performance occurs.
(a) In general.
(b) Level funding limitation.
(c) Funding period.
(d) Decommissioning costs allocable to a fund.
(1) General rule.
(2) Total estimated cost of decommissioning.
(3) Taxpayer's share.
(e) Manner of requesting schedule of ruling amounts.
(1) In general.
(2) Information required.
(3) Administrative procedures.
(f) Review and revision of schedule of ruling amounts.
(1) Mandatory review.
(2) Elective review.
(3) Determination of revised schedule of ruling amounts.
(g) Special rule permitting payments to a nuclear decommissioning fund before receipt of an initial or revised ruling amount applicable to a taxable year.
(a) In general.
(b) Modified gross income.
(c) Special rules.
(1) Period for computation of modified gross income.
(2) Gain or loss upon distribution of property by a fund.
(3) Denial of credits against tax.
(4) Other corporate taxes inapplicable.
(d) Treatment as corporation for purposes of subtitle F.
(a) Qualification requirements.
(1) In general.
(2) Limitation on contributions.
(3) Limitation on use of fund.
(i) In general.
(ii) Definition of administrative costs and expenses.
(4) Trust provisions.
(b) Prohibitions against self-dealing.
(1) In general.
(2) Self-dealing defined.
(3) Disqualified person defined.
(c) Disqualification of nuclear decommissioning fund.
(1) In general.
(2) Exception to disqualification.
(i) In general.
(ii) Excess contribution defined.
(iii) Taxation of income attributable to an excess contribution.
(3) Effect of disqualification.
(4) Further effects of disqualification.
(d) Termination of nuclear decommissioning fund upon substantial completion of decommissioning.
(1) In general.
(2) Additional rules.
(3) Substantial completion of decommissioning defined.
(a) In general.
(b) Requirements.
(c) Tax consequences.
(1) The transferor and its Fund.
(2) The transferee and its Fund.
(3) Basis.
(d) Determination of proportionate amount.
(e) Calculation of schedule of ruling amounts and schedule of deduction amounts for dispositions described in this section.
(1) Transferor.
(i) Taxable year of disposition.
(ii) Taxable years after the disposition.
(2) Transferee.
(i) Taxable year of disposition.
(ii) Taxable years after the disposition.
(3) Examples.
(f) Anti-abuse provision.
(a) In general.
(b) Required information.
(a) General rule.
(1) In general.
(2) Pre-2005 nonqualifying amount.
(i) In general.
(ii) Pre-2005 nonqualifying amount of transferee.
(3) Transfers in multiple years.
(4) Deemed payment rules.
(i) In general.
(ii) Special rule for certain transfers.
(b) Deduction for amounts transferred.
(1) In general.
(2) Amount of deduction.
(i) General Rule.
(ii) Election.
(A) In general.
(B) Manner of making election.
(C) Election allowed for property transferred prior to December 23, 2010.
(3) Denial of deduction for previously deducted amounts.
(4) Transfers of qualified nuclear decommissioning funds.
(5) Special rules.
(i) Gain or loss not recognized on transfers to fund.
(ii) Taxpayer basis in fund.
(iii) Fund basis in transferred property.
(A) In general.
(B) Basis in case of election.
(c) Schedule of deductions required.
(1) In general.
(2) Transfers in multiple taxable years.
(3) Transfer of partial interest in fund.
(4) Special transfer permitted before receipt of schedule.
(d) Manner of requesting schedule of deduction amounts.
(1) In general.
(2) Information required.
(3) Statement required.
(4) Administrative procedures.
[T.D. 9512, 75 FR 80701, Dec. 23, 2010]
Source: view the official text
In this part (40 sections)
- 1.461-5 · Recurring item exception.
- 1.461-6 · Economic performance when certain liabilities are assigned or…
- 1.465-1T · Aggregation of certain activities (temporary).
- 1.465-8 · General rules; interest other than that of a creditor.
- 1.465-20 · Treatment of amounts borrowed from certain persons and…
- 1.465-27 · Qualified nonrecourse financing.
- 1.466-1 · Method of accounting for the redemption cost of qualified…
- 1.466-2 · Special protective election for certain taxpayers.
- 1.466-3 · Manner of and time for making election under section 466.
- 1.466-4 · Manner of and time for making election under section 373(c)…
- 1.467-0 · Table of contents.
- 1.467-1 · Treatment of lessors and lessees generally.
- 1.467-2 · Rent accrual for section 467 rental agreements without…
- 1.467-3 · Disqualified leasebacks and long-term agreements.
- 1.467-4 · Section 467 loan.
- 1.467-5 · Section 467 rental agreements with variable interest.
- 1.467-6 · Section 467 rental agreements with contingent payments.…
- 1.467-7 · Section 467 recapture and other rules relating to…
- 1.467-8 · Automatic consent to change to constant rental accrual for…
- 1.467-9 · Effective/applicability dates and automatic method changes…
- 1.468A-0 · Nuclear decommissioning costs; table of contents.
- 1.468A-1 · Nuclear decommissioning costs; general rules.
- 1.468A-2 · Treatment of electing taxpayer.
- 1.468A-3 · Ruling amount.
- 1.468A-4 · Treatment of nuclear decommissioning fund.
- 1.468A-5 · Nuclear decommissioning fund—miscellaneous provisions.
- 1.468A-6 · Disposition of an interest in a nuclear power plant.
- 1.468A-7 · Manner of and time for making election.
- 1.468A-8 · Special transfers to qualified funds pursuant to section…
- 1.468A-9 · Applicability dates.
- 1.468B · Designated settlement funds.
- 1.468B-0 · Table of contents.
- 1.468B-1 · Qualified settlement funds.
- 1.468B-2 · Taxation of qualified settlement funds and related…
- 1.468B-3 · Rules applicable to the transferor.
- 1.468B-4 · Taxability of distributions to claimants.
- 1.468B-5 · Effective dates and transition rules applicable to qualified…
- 1.468B-6 · Escrow accounts, trusts, and other funds used during…
- 1.468B-7 · Pre-closing escrows.
- 1.468B-8 · Contingent-at-closing escrows. [Reserved]