Repeal of sections relating to elective payment for energy property and electricity produced from certain renewable resources; transfer of credits

(a) In general Subchapter B of chapter 65 is amended by striking sections 6417 and 6418 (and by striking the items relating to such sections in the table of sections for such subchapter). (b) Conforming amendments (1) Section 39(a) is amended by striking paragraph (4). (2) Section 50(d) is amended by striking In the case of a real estate investment trust making an election under section 6418, paragraphs (1)(B) and (2)(B) of the section 46(e) referred to in paragraph (1) of this subsection shall not apply to any investment credit property of such real estate investment trust to which such election applies. (3) Section 56A(c)(9) is amended by striking or 6417. (4) Section 13801 of Public Law 117–169 is amended by striking subsection (f). (c) Effective date The amendments made by this section shall apply to taxable years beginning after December 31, 2025.