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Part III. Administrative, Procedural, and Miscellanous
Internal Revenue Bulletin 2001-19 · 2026-10-03 edition · updated 2026-10-04 · United States
resources do not exceed 8 cents per kilowatt-hour multiplied by the inflation adjustment factor, the phaseout of the credit provided in § 45(b)(1) does not apply to electricity produced from wind, closedloop biomass, or poultry waste energy resources sold during calendar year 2001.
CREDIT AMOUNT
As required by § 45(b)(2), the 1.5¢ amount in § 45(a)(1) is adjusted by multiplying such amount by the inflation adjustment factor for the calendar year in which the sale occurs. If any amount as increased under the preceding sentence is not a multiple of 0.1¢, such amount is rounded to the nearest multiple of 0.1¢. Under the calculation required by § 45(b)(2), the renewable electricity production credit for calendar year 2001 is 1.7¢ per kilowatt-hour on the sale of electricity produced from wind energy, closed-loop biomass, and poultry waste resources.
DRAFTING INFORMATION CONTACT
The principal author of this notice is David A. Selig of the Office of Associate Chief Counsel (Passthroughs and Special Industries). For further information regarding this notice, contact Mr. Selig at (202) 622-3040 (not a toll-free call).
26 CFR 601.105: Examination of returns and claims for refund, credit, or abatement; determination of correct tax liability. (Also Part 1, § 911, 1.911–1)
Rev. Proc. 2001–27
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