Clean Energy Investment Act of 2008

Clean Energy Investment Act of 2008 - Amends the Internal Revenue Code to extend through 2015 the tax credit for producing electricity from renewable resources.

[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5231 Introduced in House (IH)]







110th CONGRESS
  2d Session
                                H. R. 5231

  To amend the Internal Revenue Code of 1986 to extend the credit for 
         electricity produced from certain renewable resources.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            February 6, 2008

Mr. Braley of Iowa 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 for 
         electricity produced 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. SHORT TITLE.

    This Act may be cited as the ``Clean Energy Investment Act of 
2008''.

SEC. 2. EXTENSION OF CREDIT FOR ELECTRICITY PRODUCED FROM CERTAIN 
              RENEWABLE RESOURCES.

    (a) In General.--Section 45(d) of the Internal Revenue Code of 1986 
(relating to qualified facilities) is amended--
            (1) in paragraph (1) by striking ``and before'' and all 
        that follows and inserting ``and before January 1, 2016.'',
            (2) in paragraph (2)(A)--
                    (A) by striking ``and before'' and all that follows 
                in clause (i) and inserting ``and before January 1, 
                2016, or'', and
                    (B) by striking ``which before'' and all that 
                follows in clause (ii) through ``is originally'' and 
                inserting ``which before January 1, 2016, is 
                originally'',
            (3) in paragraph (3)(A)--
                    (A) by striking ``and before'' and all that follows 
                in clause (i)(I) and inserting ``and before January 1, 
                2016, and'', and
                    (B) by striking ``before'' and all that follows in 
                clause (ii) and inserting ``before January 1, 2016.'',
            (4) in the first sentence of paragraph (4), by striking 
        ``and before'' and all that precedes the parenthetical and 
        inserting ``and before January 1, 2016'',
            (5) in paragraph (5) by striking ``and before'' and all 
        that follows and inserting ``and before January 1, 2016.'',
            (6) in paragraph (6) by striking ``and before'' and all 
        that follows and inserting ``and before January 1, 2016.'',
            (7) in paragraph (9)--
                    (A) by striking ``and before'' and all that follows 
                in subparagraph (A) and inserting ``and before January 
                1, 2016, and'', and
                    (B) by striking ``and before'' and all that follows 
                in subparagraph (B) and inserting ``and before January 
                1, 2016.'', and
            (8) in paragraph (10) by striking ``before'' and all that 
        follows and inserting ``before January 1, 2016.''.
    (b) Effective Date.--The amendments made by this section shall 
apply to property placed in service after December 31, 2008.
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