IRS Asks: Too Much Paper for Nuking Tax Credits?
Published Date: 2/19/2026
Notice
Summary
The IRS wants your thoughts on the paperwork needed for claiming a tax credit when producing electricity from advanced nuclear power plants. This affects companies involved in advanced nuclear energy, aiming to make the process easier and less time-consuming. Comments are due by April 20, 2026, so don’t miss your chance to help shape the rules and possibly save money and effort!
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
How to Claim the Section 45J Credit
If you are a business (for example, a corporation or partnership) producing electricity from advanced nuclear power facilities, the IRS notice explains the process to get an allocation of the unutilized national megawatt capacity limitation (NMCL) under Internal Revenue Code section 45J and how certain taxpayers may transfer the credit. The notice is tied to Notice 2023-34 and OMB Number 1545-2000, and the IRS is asking for comments by April 20, 2026.
Paperwork Burden for Claiming 45J Credit
The IRS estimates that about 80 respondents (likely corporations and partnerships) will spend about 5 hours and 4 minutes each to provide the information tied to this collection, for an estimated total of 406 annual burden hours. The agency is seeking comments on ways to reduce this paperwork burden; submit comments by April 20, 2026.
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