,i #aacth ,,congress #ast ,session ,h4 ,r4 #bihg ,,in ,,the ,,house ,,of ,,representatives ,august #b1 #bjac ,mr4 ,fitzpatrick introduced the following bill2 which was referred to the ,committee on ,ways and ,means ,a ,,bill ,to amend the ,internal ,revenue ,code of #aihf to phasedown the credit for electricity produced from wind4 #a4 ,short title ,this ,act may be cited as the ,,ptc ,certainty and ,phaseout ,act of #bjac4 #b4 ,extension and phasedown of production credit for electricity produced from wind 7a7 ,extension ,paragraph 7#a7 of section #de7;d7 of the ,internal ,revenue ,code of #aihf is amended by striking ,january #a1 #bjad in paragraph 7#a7 and inserting ,january #a1 #bjbj4 7b7 ,phasedown of credit ,subsection 7b7 of section #de of such ,code is amended by adding at the end the following new paragraph3 7#e7 ,phasedown of credit for wind energy 7,a7 ,in general ,in the case of facilities to which subsection 7d77#a7 applies and the construction of which begins after ,december #ca1 #bjac1 the number of cents taken into account under subsection 7a7 for calendar years ending after such date 7determined after the application of the preceding paragraphs of this subsection and without regard to this paragraph7 shall be only the applicable percentage of such number for such year4 ,if any amount determined under the preceding sentence is not a multiple of #j4ja cent1 such amount shall be rounded to the nearest multiple of #j4ja cent4 7,b7 ,applicable percentage ,for purposes of subparagraph 7,a71 the applicable percentage shall be determined in accordance with the following table3 ,year construction,the applicable begins3percentage is3 #bjadajj #bjaeij #bjafhj #bjaggj #bjahfj #bjaifj4 4 7c7 ,effective date ,the amendments made by this section shall apply to property originally placed in service on or after ,january #a1 #bjac4