To amend the Internal Revenue Code of 1986 to require certain contract terms in contracts relating to wind turbines on land not owned by the taxpayer as a requirement in order to claim the credit relating to electricity produced from certain renewable resources.

[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4151 Introduced in House (IH)]

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118th CONGRESS
  1st Session
                                H. R. 4151

To amend the Internal Revenue Code of 1986 to require certain contract 
 terms in contracts relating to wind turbines on land not owned by the 
  taxpayer as a requirement in order to claim the credit relating to 
         electricity produced from certain renewable resources.


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                    IN THE HOUSE OF REPRESENTATIVES

                             June 15, 2023

  Mr. Buck (for himself, Ms. Hageman, and Mr. Lamborn) 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 require certain contract 
 terms in contracts relating to wind turbines on land not owned by the 
  taxpayer as a requirement in order to claim the credit relating to 
         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. REQUIRED CONTRACT TERMS RELATING TO WIND FACILITIES.

    (a) In General.--Section 45(d)(1) of the Internal Revenue Code of 
1986 is amended by striking ``facility with respect to which'' and 
inserting the following: facility--
            ``(A) with respect to which any qualified small wind energy 
        property expenditure (as defined in subsection (d)(4) of 
        section 25D) is taken into account in determining the credit 
        under such section, or
            ``(B) which is located on real property that is not 
        majority owned by the taxpayer unless the taxpayer has a 
        contractual agreement with the landowner that requires the 
        taxpayer to remove the facility and any associated equipment 
        after the end of the useful life of such facility.''.
    (b) Effective Date.--The amendment made by this section shall apply 
to facilities placed in service after the date of the enactment of this 
section.
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