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Clean Electricity Production Credit (Section 45Y)

A federal tax incentive that provides financial benefits to companies that produce electricity from certain clean energy sources, such as solar, wind, and geothermal.

Strategic Petroleum Reserve (SPR)

The United States' emergency supply of crude oil, stored in underground caverns, intended for use during severe oil supply disruptions to protect the economy and national security.

Internal Revenue Code of 1986

The collection of federal laws that govern taxation in the United States, including rules for income tax, corporate tax, and various credits and deductions.

Fiscal Year

A 12-month period that a government or business uses for budgeting and accounting, often different from the calendar year. For the U.S. federal government, a fiscal year runs from October 1 to September 30.

SPR Petroleum Account

A specific fund established to manage the financial aspects of the Strategic Petroleum Reserve, including purchases and sales of crude oil.