Advanced Nuclear Tax Credits Come With a Five-Hour IRS Form
Published Date: 10/19/2026
Notice
Summary
The IRS is asking for public feedback on a paperwork process that helps businesses claim tax credits for producing electricity from advanced nuclear power. This affects companies and governments who want to use or transfer these credits, with about 80 groups expected to respond yearly. Comments are due by November 18, 2026, and the process takes about 5 hours per response.
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
How to Get or Transfer Section 45J Credits
If you are a corporation, partnership, or a state, local, or tribal government that produces electricity from advanced nuclear power, this notice provides the process to obtain an allocation of the unutilized national megawatt capacity limitation (NMCL) under Section 45J and explains how certain taxpayers may transfer the credit. The notice is submitted under OMB Control Number 1545-2000 and is an extension without change of a currently approved collection.
Paperwork Burden for Claiming 45J Credits
If you plan to request an allocation or transfer under this information collection, the IRS estimates about 80 respondents will file annually. Each response takes about 5 hours and 4 minutes, with an estimated total annual burden of 406 hours; comments on the collection are due by November 18, 2026.
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