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Treasury Regulations · 26 CFR

§ 1.45L-3. Rules relating to the increased credit amount for prevailing wage.

In effect eCFR current as of October 15, 2026

Regulation text, no changes From the eCFR, current as of October 15, 2026. The eCFR is an authoritative but unofficial editorial compilation of the Code of Federal Regulations; the official text is the annual CFR on govinfo. Compare it with this section on ecfr.gov (external site) or the official annual CFR on govinfo (external site).

Regulation under 26 U.S.C. § 45L

Cite as 26 CFR § 1.45L-3

At a glance

Read from the text and its source citation. Not part of the regulation.

Status
In the current eCFR
Issued
June 25, 2024 by T.D. 9998
Issued under
26 U.S.C. § 45L
Length
299 words · about 1 min to read
Cross-references
cites 2 Code sections and 2 regulations; cited by 0
(a) In general. With respect to a qualified residence described in section 45L(a)(2)(B), the credit determined under section 45L(a)(2)(B)(i) is $2,500 and the credit determined under section 45L(a)(2)(B)(ii) is $5,000 if the qualified residence described in section 45L(a)(2)(B)—
(1) Meets the requirements under section 45L(c)(1)(A) or 45L(c)(1)(B), as applicable;
(2) Is constructed by an eligible contractor;
(3) Is acquired by a person for use as a residence during the taxable year; and
(4) Satisfies the prevailing wage requirements of section 45(b)(7) and § 1.45-7, and the recordkeeping and reporting requirements of § 1.45-12, with respect to the construction of the qualified residence before such residence is acquired by a person for use as a residence.
(b) Definitions—
(1) Qualified residence. For purposes of this section, a qualified residence means a qualified new energy efficient home as defined in section 45L(b)(2).
(2) Eligible contractor. For purposes of this section, an eligible contractor means an eligible contractor as defined in section 45L(b)(1).
(c) Applicability date. This section applies to any qualified new energy efficient home acquired for use as a residence in taxable years ending after June 25, 2024, and the construction of which begins after June 25, 2024. Taxpayers may apply this section to any qualified new energy efficient home acquired for use as a residence in taxable years ending on or before June 25, 2024, and any qualified new energy efficient home acquired for use as a residence in taxable years ending after June 25, 2024, the construction of which begins before June 25, 2024, provided that taxpayers follow this section in its entirety and in a consistent manner.

[T.D. 9998, 89 FR 53270, June 25, 2024]

Cross-references

Computed from the citations in the text of 26 CFR.

Code sections it cites

Regulations it cites

Amendment history

From the source citation at the end of the section, newest first. T.D. is a Treasury decision; FR is the Federal Register.

  1. Issued by T.D. 9998 (89 FR 53270)

Where it sits in 26 CFR

  1. Subchapter A Income tax
  2. Part 1 Income taxes
  3. Rules for computing credit for investment in certain depreciable property

Nearby sections