1、 This report reflects the legislation signed into law by the president on July 4,2025(Pub.L.No.119-21)and was last updated on July 21, Energy sector tax provisions in“One Big Beautiful Bill”KPMG analysis and observations 2025 KPMG LLP,a Delaware limited liability partnership and a member firm of the

2、 KPMG global organization of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization.1 Contents Intr

3、oduction.2 Credits terminated.2 Clean electricity production tax credit(PTC).3 Clean electricity investment tax credit(ITC).6 Clean fuel production tax credit.8 Credit for carbon oxide sequestration.9 Zero-emission nuclear power production credit.11 Credit for production of clean hydrogen.11 Enhance

4、ment of advanced manufacturing investment credit.12 Advanced manufacturing production credit.13 Restriction on the extension of advanced energy project credit program.14 Expansion of the definition of qualifying income of certain publicly traded partnerships treated as corporations.15 Modification o

5、f limitation on business interest.16 Reinstatement of 100%bonus depreciation.17 Coordination of business interest limitation with interest capitalization provisions.19 Termination of five-year cost recovery for energy property.20 Contact us.21 2025 KPMG LLP,a Delaware limited liability partnership a

6、nd a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organ