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Introduction

Part III. Administrative, Procedural, and Miscellaneous

Internal Revenue Bulletin 2003-20 · 2026-10-03 edition · updated 2026-10-04 · United States

vided in § 45(b)(1) does not apply to electricity produced from wind, closedloop biomass, or poultry waste energy resources sold during calendar year 2003.

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 2003 is 1.8¢ per kilowatt hour on the sale of electricity produced from wind energy, closed-loop biomass, and poultry waste resources.

DRAFTING INFORMATION

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 601.601: Rules and Regulations. (Also Part I, §§ 25, 103, 143; 1.25–4T, 1.103–1, 6a.103A–2.)

Rev. Proc. 2003–29

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▸Contents — Internal Revenue Bulletin 2003-20
Internal Revenue Bulletin 2003-20

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