project (as defined in section 48B(c)(1) without regard to subparagraph (C)) that is described in section 48B(d)(1)(B), (xi) in the case of a qualified facility (as defined in section 45Q(d), without regard to any date by which construction of the facility is required to begin) not less than 50 percent (30 percent in the case of a facility placed in service before January 1, 2022) of the total carbon oxide production of which is qualified carbon oxide (as defined in section 45Q(c))— (I) the generation, availability for such generation, or storage of electric power at such facility, or (II) the capture of carbon dioxide by such facility, (xii) the generation of electric power or energy from any advanced nuclear facility (as defined in section 45J(d)(2), determined by substituting December 31, 2018 for December 31, 1993 ), or (xiii) the production, storage, or transportation of any renewable chemical which— (I) is produced in the United States (or in a territory or possession of the United States) from renewable biomass, (II) is not less than 95 percent biobased content, (III) is not sold or used for the production of any food, feed, fuel, or pharmaceuticals, (IV) is approved to use the USDA Certified Biobased Product label under section 9002(b) of the Farm Security and Rural Investment Act of 2002 ( 7 U.S.C. 8102(b) ), and (V) is a chemical intermediate (as such term is defined in section 3201.109 of title 7, Code of Federal Regulations (or successor regulations)), . (b) Effective date The amendments made by this section shall apply to taxable years beginning after December 31, 2023.