Energy

Nuclear Energy Enabling Technologies

The Nuclear Energy Enabling Technologies (NEET) program is designed to support research into advanced technologies and complement other DOE nuclear energy research. In particular, it is intended to support three areas of nuclear technology research and development (R&D): (1) “crosscutting” technology development in the areas of reactor materials, advanced sensors and instrumentation, advanced manufacturing, proliferation […]

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Natural Gas Distribution Lines

Created by Tax Reform Act of 1986, the Modified Accelerated Cost Recovery System (MACRS) is the system within the Internal Revenue Code for determining the depreciable lives of assets. Businesses “recover” the costs of tangible property (assets) by making annual deductions from their taxable income for depreciation over the specified life of the property. The […]

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Modification to Special Rules for Nuclear Decommissioning Costs

Owners of nuclear power plants can claim a tax deduction for any payments made to a Nuclear Decommissioning Reserve Fund in a tax year. The fund is used to satisfy any liabilities associated with decommissioning a nuclear power plant, and the payments or transfers are deductible ratably over the estimated useful life of the power […]

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Mixed Oxide – Fissile Materials Dispositions – Construction

The United States and Russia entered into a Plutonium Management and Disposition Agreement in 2000, agreeing to mutually dispose of at least 34 metric tons of surplus weapons-grade plutonium by converting it into Mixed Oxide (MOX) fuel for use in nuclear reactors. The National Nuclear Security Administration (NNSA), within the Department of Energy (DOE), manages […]

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Master Limited Partnerships for Oil and Gas Companies

A Master Limited Partnership (MLP) is a partnership, or a limited liability company (LLC) with interests that are traded on a public exchange or an over-the-counter market, like stock in a corporation. MLPs are taxed as partnerships, eliminating the corporate income tax for these publicly traded entities and creating a significant advantage for them in […]

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Last In, First Out Accounting

Last-in, first-out (LIFO) is a method for estimating the value of a company’s inventory against the value of goods sold in a given year. A taxpayer’s gross profit from the sale of goods is determined by subtracting the cost of goods sold from gross receipts. Cost of goods sold generally is determined by adding the […]

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Inertial Confinement Fusion Ignition and High Yield Campaign

Originally established in the late 1970s as the Inertial Confinement Fusion program, the Inertial Confinement Fusion Ignition and High Yield Campaign was repurposed in 2002 to focus on the National Ignition Facility (NIF) that was being constructed at the time, and associated projects. It is part of the National Nuclear Security Administration’s Stockpile Stewardship Program. […]

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