To amend the Internal Revenue Code of 1986 to extend the credit period to 10 years for certain facilities producing electricity from certain renewable resources.

Amends the Internal Revenue Code to provide for a 10-year credit period for certain facilities eligible for the tax credit for producing electricity from renewable resources.

[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3338 Introduced in House (IH)]







109th CONGRESS
  1st Session
                                H. R. 3338

To amend the Internal Revenue Code of 1986 to extend the credit period 
 to 10 years for certain facilities producing electricity from certain 
                          renewable resources.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             July 19, 2005

 Mr. Herger (for himself, Mr. Foley, and Mr. Hayworth) introduced the 
 following bill; which was referred to the Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
To amend the Internal Revenue Code of 1986 to extend the credit period 
 to 10 years for certain facilities producing electricity from certain 
                          renewable resources.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. EXTENSION OF CREDIT PERIOD TO 10 YEARS FOR CERTAIN 
              FACILITIES PRODUCING ELECTRICITY FROM CERTAIN RENEWABLE 
              RESOURCES.

    (a) In General.--Subparagraph (B) of section 45(b)(4) of the 
Internal Revenue Code of 1986 (relating to credit period) is amended--
            (1) in clause (i), by inserting ``or clause (iii)'' after 
        ``clause (ii)'', and
            (2) by adding at the end the following new clause:
                            ``(iii) Termination.--Clause (i) shall not 
                        apply to any facility placed in service after 
                        the date of the enactment of this clause.''.
    (b) Effective Date.--The amendments made by this section shall 
apply to electricity produced and sold after the date of the enactment 
of this Act.
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