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Internal Revenue Code of 1986

The main body of federal tax law in the United States, outlining rules for income, excise, estate, and gift taxes.

Energy credit

A federal tax break designed to encourage investment in certain types of clean energy projects, reducing the amount of tax owed by companies that build them.

Agricultural land

Land that is suitable for or currently used for farming, ranching, or other agricultural purposes, as defined by the Food Security Act of 1985.

Public utility

A company that provides essential services, such as electricity, gas, or water, to the public and is often subject to government regulation.

Placed in service

The date when a property, like an energy facility, is ready and available for its intended use, even if it's not yet operating at full capacity.

Date of enactment

The day a bill officially becomes law after being passed by Congress and signed by the President, or otherwise becoming law.