,i #aacth ,,congress #b;d ,session ,h4 ,r4 #chch ,,in ,,the ,,house ,,of ,,representatives ,january #i1 #bjad,mr4 ,paulsen 7for himself and ,mr4 ,kind7 introduced the following bill2 which was referred to the ,committee on ,ways and ,means1 and in addition to the ,committee on ,energy and ,commerce1 for a period to be subsequently determined by the ,speaker1 in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned ,a ,,bill ,to amend the ,internal ,revenue ,code of #aihf to provide a consumer renewable credit for utilities that sell intermittent renewable power4 #a4 ,consumer renewable credit 7a7 ,business credit 7#a7 ,in general ,subpart ,d of part ,,iv of subchapter ,a of chapter #a of the ,internal ,revenue ,code of #aihf is amended by adding at the end the following new section3 #de,s4 ,consumer renewable credit 7a7 ,general rule ,for purposes of section #ch1 in the case of an eligible taxpayer1 the consumer renewable credit for any taxable year is an amount equal to the product of-- 7#a7 the renewable portfolio factor of such eligible taxpayer1 and 7#b7 the number of kilowatt hours of renewable electricity-- 7,a7 purchased or produced by such taxpayer1 and 7,b7 sold by such taxpayer to a retail customer during the taxable year and before ,january #a1 #bjbj4 7b7 ,renewable portfolio factor ,the renewable portfolio factor for an eligible taxpayer for any taxable year shall be determined in accordance with the following table3 ,in the case of a renewable electricity percentage of3,the renewable portfolio factor is3,less than #f percentzero cents,at least #f percent but less than #h percent#j4a cents,at least #h percent but less than #ab percent#j4b cents,at least #ab percent but less than #af percent#j4c cents,at least #af percent but less than #bj percent#j4d cents,at least #bj percent but less than #bd percent#j4e cents,equal to or greater than #bd percent#j4f cents4 7c7 ,definitions and special rules ,for purposes of this section-- 7#a7 ,eligible taxpayer ,the term eligible taxpayer means an electric utility 7as defined in section #c7bb7 of the ,federal ,power ,act1 #af ,u4,s4,c4 #gif7bb774 7#b7 ,renewable electricity ,the term renewable electricity means electricity generated by-- 7,a7 any facility using wind to generate such electricity1 or 7,b7 any facility using solar energy to generate such electricity4 7#c7 ,renewable electricity percentage ,the term renewable electricity percentage means1 with respect to any taxable year1 the percentage of an eligible taxpayer's total sales of electricity to retail customers that is derived from renewable electricity 7determined without regard to whether such electricity was produced by the taxpayer74 7#d7 ,application of other rules ,for purposes of this section1 rules similar to the rules of paragraphs 7#a71 7#c71 and 7#e7 of section #de7;e7 shall apply4 7#e7 ,credit allowed only with respect to one eligible entity ,no credit shall be allowed under subsection 7a7 with respect to renewable electricity purchased from another eligible entity if a credit has been allowed under this section or a payment has been made under section #fdcc to such other eligible entity4 7#f7 ,credit and renewable electricity percentage enhancement 7,a7 ,native ,american wind and solar ,any renewable electricity generated from a wind or solar energy facility located on ,indian land1 as defined in section #bfja of the ,energy ,policy ,act of #aiib 7#be ,u4,s4,c4 #ceja71 shall for purposes of this section be considered as twice the electricity production as is actually produced from such facility4 7,b7 ,electric cooperative wind and solar ,any renewable electricity generated from a wind or solar energy facility owned entirely by a mutual or cooperative electric company1 as defined in section #eja7;c77#ab71 or section #acha7;a77#b77;,c71 shall for purposes of this section be considered as one and one-half times the electricity production as is actually produced from such facility4 7d7 ,coordination with payments ,the amount of the credit determined under this section with respect to any electricity shall be reduced to take into account any payment provided with respect to such electricity solely by reason of the application of section #fdcc4 4 7#b7 ,credit made part of general business credit ,subsection 7b7 of section #ch of the ,internal ,revenue ,code of #aihf is amended by striking plus at the end of paragraph 7#ce71 by striking the period at the end of paragraph 7#cf7 and inserting 1 plus1 and by adding at the end the following new paragraph3 7#cg7 the consumer renewable credit determined under section #de,s7a74 4 7#c7 ,specified credit ,subparagraph 7,b7 of section #ch7;c77#d7 of the ,internal ,revenue ,code of #aihf is amended by redesignating clauses 7vii7 through 7ix7 as clauses 7viii7 through 7x71 respectively1 and by inserting after clause 7v7 the following new clause3 7vi7 the credit determined under section #de,s4 4 7#d7 ,clerical amendment ,the table of sections for subpart ,d of part ,,iv of subchapter ,a of chapter #a of the ,internal ,revenue ,code of #aihf is amended by adding at the end the following new item3 ,sec4 #de,s4 ,consumer renewable credit4 4 7b7 ,payments in lieu of credit 7#a7 ,in general ,subchapter ,b of chapter #fe of the ,internal ,revenue ,code of #aihf is amended by adding at the end the following new section3 #fdcc4 ,consumer renewable credit payments 7a7 ,in general ,if any eligible person sells renewable electricity to a retail customer1 the ,secretary shall pay 7without interest7 to any such person who elects to receive a payment an amount equal to the product of-- 7#a7 the renewable portfolio factor of such eligible person1 and 7#b7 the number of kilowatt hours of renewable electricity-- 7,a7 purchased or produced by such person1 and 7,b7 sold by such person in the trade or business of such person to a retail customer before ,january #a1 #bjbj4 7b7 ,timing of payments 7#a7 ,in general ,except as provided in paragraph 7#b71 rules similar to the rules of section #fdbg7;i77#a7 shall apply for purposes of this section4 7#b7 ,quarterly payments 7,a7 ,in general ,if1 at the close of any quarter of the taxable year of any person 7or fiscal year in the case of an eligible person that does not have a taxable year71 at least #gej is payable in the aggregate under subsection 7a71 to such person with respect to electricity purchased or produced during-- 7i7 such quarter1 or 7ii7 any prior quarter 7for which no other claim has been filed7 during such year1 a claim may be filed under this section with respect to such electricity4 7,b7 ,time for filing claim ,no claim filed under this paragraph shall be allowed unless filed on or before the last day of the first quarter following the earliest quarter included in the claim4 7c7 ,definitions and special rules ,for purposes of this section-- 7#a7 ,eligible person ,the term eligible person means an electric utility 7as defined in section #c7bb7 of the ,federal ,power ,act1 #af ,u4,s4,c4 #gif7bb77 or a ,federal power marketing agency as defined in section #c7ai7 of the ,federal ,power ,act4 7#b7 ,other definitions ,any term used in this section which is also used in section #de,s shall have the meaning given such term under section #de,s4 7#c7 ,application of other rules ,for purposes of this section1 rules similar to the rules of paragraphs 7#a7 and 7#c7 of section #de7;e7 shall apply4 7d7 ,payment disallowed unless amount passed to third-,party generators charged for integration costs 7#a7 ,in general ,in the case of renewable electricity eligible for the payment under subsection 7a7 that is purchased and not produced by an eligible person1 no payment shall be made under this section unless any charge the eligible person has assessed the seller to recover the integration costs associated with such electricity has been reduced 7but not below zero7 to the extent of the payment received under subsection 7a7 associated with such electricity4 7#b7 ,definitions ,for purposes of paragraph 7#a71 charges intended to recover integration costs do not include amounts paid by the producer of the electricity for interconnection facilities1 distribution upgrades1 network upgrades1 or stand-alone network upgrades as those terms have been defined by the ,federal ,energy ,regulatory ,commission in its ,standard ,interconnection ,procedures4 7e7 ,payment allowed for ,special ,generating and ,transmitting ,entities 7#a7 ,in general ,notwithstanding subsection 7a77#a77;,b71 an entity that is a special generating and transmitting entity shall be eligible for a payment under this section for renewable electricity it transmits1 regardless of whether such utility purchased or sold such electricity for its customers4 7#b7 ,definitions ,for purposes of this subsection1 the term special generating and transmitting entity means-- 7,a7 an entity that is primarily engaged in marketing electricity and-- 7i7 provides transmission service for over four thousand megawatts of renewable generating facilities1 as determined by reference to the machine or nameplate capacity thereof1 and 7ii7 transmits the majority of its renewable electricity transmitted to customers located outside the region it serves1 or 7,b7 an entity that is a generation and transmission cooperative1 which engages primarily in providing wholesale electric service to its members1 generally consisting of distribution cooperatives4 4 7#b7 ,clerical amendment ,the table of sections for subpart ,b of chapter #fe of the ,internal ,revenue ,code of #aihf is amended by adding at the end the following new item3 ,sec4 #fdcc4 ,renewable electricity integration payments4 4 7c7 ,effective date ,the amendments made by this section shall apply to electricity sold to retail customers after the date of the enactment of this ,act4