Nuclear Decommissioning Transaction Law and Legal Definition
According to 26 USCS § 501 (Title 26, Internal Revenue Code; Subtitle A, Income Taxes; Chapter 1, Normal Taxes and surtaxes; Subchapter F. Exempt Organizations; Part I, General Rule), the term "nuclear decommissioning transaction" means--
“(i) any transfer into a trust, fund, or instrument established to pay any nuclear decommissioning costs if the transfer is in connection with the transfer of the mutual or cooperative electric company's interest in a nuclear power plant or nuclear power plant unit,
(ii) any distribution from any trust, fund, or instrument established to pay any nuclear decommissioning costs, or
(iii) any earnings from any trust, fund, or instrument established to pay any nuclear decommissioning costs.”
Legal Definition list
Related Legal Terms
- ABC Transaction [Oil & Gas]
- Advanced Nuclear Facility [Energy]
- Agency Transaction (Securities)
- Alert [Nuclear Regulatory Commission]
- Alternative Mortgage Transaction [Banks & Banking]
- Analytical Run [Nuclear Regulatory Commission]
- Armed Escort [Nuclear Regulatory Commission]
- Arms Length Transaction
- Asset Exchange or Conversion Transaction
- Authorized Nuclear Pharmacist
