SECTION 4. CALCULATION OF

CREDIT AMOUNT

Under § 45I(b)(1)(B) and (2)(B), the tentative credit amount used to calculate the MWC for taxable years beginning in calendar year 2021 is 67 cents per Mcf ($0.50 x 1.3402 inflation adjustment factor). Because the applicable reference price ($1.52) does not exceed $2.24 ($1.67 x 1.3402 inflation adjustment factor), there is no reduction in the tentative credit amount under § 45I(b)(2) (A). Therefore, the credit amount used to calculate the MWC for taxable years beginning in calendar year 2021 is $0.67 per Mcf.