U.S. Code of Federal Regulations

Regulations most recently checked for updates: Oct 27, 2020

§ 1.468A-0 - Nuclear decommissioning costs; table of contents.

This section lists the paragraphs contained in §§ 1.468A-1 through 1.468A-9.

§ 1.468A-1 Nuclear decommissioning costs; general rules.

(a) Introduction.

(b) Definitions.

(c) Special rules applicable to certain experimental nuclear facilities.

§ 1.468A-2 Treatment of electing taxpayer.

(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.

§ 1.468A-3 Ruling amount.

(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.

§ 1.468A-4 Treatment of nuclear decommissioning fund.

(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.

§ 1.468A-5 Nuclear decommissioning fund - miscellaneous provisions.

(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.

§ 1.468A-6 Disposition of an interest in a nuclear power plant.

(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.

§ 1.468A-7 Manner of and time for making election.

(a) In general.

(b) Required information.

§ 1.468A-8 Special transfers to qualified funds pursuant to section 468A(f).

(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.

§ 1.468A-9 Effective/applicability date.
[T.D. 9512, 75 FR 80701, Dec. 23, 2010]