,,ii  #aac? ,,congress  #a/ ,session    
,s4 #abbe  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,june #bf1 #bjac ,mr4  
,udall ( ,colorado introduc$ ! foll[+   
bill2 :i* 0 read twice & ref]r$ to !    
,committee on ,f9ance  ,a ,,bill  ,to   
am5d ! ,int]nal ,rev5ue ,code ( #aihf to
 provide t sol> en]gy prop]ty ne$ n be  
locat$ on ! prop]ty ) respect to :i* x  
is g5]at+ electricity 9 ord] to qualify 
= ! resid5tial en]gy effici5t prop]ty   
cr$it4  #a4 ,%ort title ,?is ,act may be
 cit$ z ! ,sol> ,unit+ ,neighborhoods   
7,,sun7 ,act ( #bjac4  #b4 ,cl>ification
 ) respect to location ( sol> electric  
prop]ty  7a7 ,9 g5]al ,p>agraph 7#b7 (  
section #be;,d7d7 ( ! ,int]nal ,rev5ue  
,code ( #aihf is am5d$ to read z foll[s3
  7#b7 ,qualifi$ sol> electric prop]ty  
exp5diture  7,a7 ,9 g5]al ,! t]m        
qualifi$ sol> electric prop]ty          
exp5diture means an exp5diture = prop]ty
 :i* uses sol> en]gy to g5]ate          
electricity--  7i7 = use 9 a dwell+ unit
 locat$ 9 ! ,unit$ ,/ates & us$ z a     

resid5ce by ! taxpay]1 or  7ii7 :i*     
ent]s ! electrical grid at any po9t :i* 
is n m ?an #ej miles f ! po9t at :i* su*
 a dwell+ unit us$ z a resid5ce by !    
taxpay] is connect$ to su* grid1 b only 
if su* prop]ty is n us$ 9 a trade or    
bus9ess ( ! taxpay] or 9 an activity )  
respect to :i* a d$uction is all[$ to ! 
taxpay] "u section #afb or p>agraph 7#a7
 or 7#b7 ( section #bab4  7,b7          
,recapture ,! ,secret>y may provide = ! 
recapture ( ! cr$it "u ?is subsection ) 
respect to any prop]ty describ$ 9 clause
 7ii7 ( subp>agraph 7,a7 :i* ceases to  
satisfy ! requirem5ts ( su* clause4  4  
7b7 ,limitation ) respect to (f-,site   
sol> prop]ty ,subsection 7b7 ( section  
#be;,d ( ! ,int]nal ,rev5ue ,code (     
#aihf is am5d$ by add+ at ! end ! foll[+
 new p>agraph3  7#c7 ,maximum cr$it =   
(f-site sol> prop]ty ,9 ! case ( any    
qualifi$ sol> electric prop]ty          
exp5diture :i* is su* an exp5diture by  
reason ( clause 7ii7 ( subsection       
7d77#b77;,a71 ! cr$it all[$ "u          

subsection 7a7 7det]m9$ )\t reg>d to    
subsection 7c77 = any taxable ye> )     
respect to all su* exp5ditures %all n   
exce$ #ej1jjj4  4  7c7 ,effective date  
,! am5dm5ts made by ?is section %all    
apply to taxable ye>s beg9n+ aft] ! date
 ( ! enactm5t ( ?is ,act4  #c4          
,cl>ification ) respect to location (   
sol> wat] heat+ prop]ty  7a7 ,9 g5]al   
,section #be;,d7d77#a7 ( ! ,int]nal     
,rev5ue ,code ( #aihf is am5d$--  7#a7  
by /rik+ ,! t]m & ins]t+ ! foll[+3  7,a7
 ,9 g5]al ,! t]m  1 &  7#b7 by add+ at !
 end ! foll[+ new subp>agraph3  7,b7    
,(f-site prop]ty  7i7 ,9 g5]al ,su* t]m 
%all include an exp5diture = prop]ty    
describ$ 9 subp>agraph 7,a7 not)/&+--   
7,i7 :e!r su* prop]ty is locat$ on !    
same site z ! dwell+ unit = :i* ! en]gy 
g5]at$ f su* prop]ty is us$1 &  7,,ii7  
:e!r ! en]gy g5]at$ by su* prop]ty      
displaces ! en]gy us$ to heat ! wat]    
load or space heat+ load = ! dwell+1 s  
long z any su* displacem5t f su* prop]ty
 occurs n m ?an #ej miles f su* dwell+  

unit1  b only if su* prop]ty is n us$ 9 
a trade or bus9ess ( ! taxpay] or 9 an  
activity ) respect to :i* a d$uction is 
all[$ to ! taxpay] "u section #afb or   
p>agraph 7#a7 or 7#b7 ( section #bab4   
7ii7 ,recapture ,! ,secret>y may provide
 = ! recapture ( ! cr$it "u ?is         
subsection ) respect to any prop]ty     
describ$ 9 clause 7i7 :i* ceases to     
satisfy ! requirem5ts ( su* clause4  4  
7b7 ,limitation ) respect to (f-,site   
sol> prop]ty ,p>agraph 7#c7 ( section   
#be;,d7b7 ( ! ,int]nal ,rev5ue ,code (  
#aihf1 z add$ by section #b1 is am5d$ to
 read z foll[s3  7#c7 ,maximum cr$it =  
(f-site sol> prop]ty ,9 ! case (--  7,a7
 any qualifi$ sol> electric prop]ty     
exp5diture :i* is su* an exp5diture by  
reason ( clause 7ii7 ( subsection       
7d77#b77;,a71 &  7,b7 any qualifi$ sol> 
wat] heat+ prop]ty exp5diture :i* is su*
 an exp5diture by reason ( subp>agraph  
7,b7 ( subsection 7d77#a71  ! cr$it     
all[$ "u subsection 7a7 7det]m9$ )\t    
reg>d to subsection 7c77 = any taxable  

ye> ) respect to all su* exp5ditures    
%all n exce$ #ej1jjj4  4  7c7 ,effective
 date ,! am5dm5ts made by ?is section   
%all apply to taxable ye>s beg9n+ aft] !
 date ( ! enactm5t ( ?is ,act4  #d4     
,exclusion ( income f qualify+ sales    
7a7 ,9 g5]al ,"p ,,iii ( sub*apt] ,b (  
*apt] #a is am5d$ by ins]t+ be=e section
 #adj ! foll[+ new section3  #aci;,e4   
,income f qualify+ sales ( sol>         
electricity ,= any taxable ye>1 gross   
income ( any p]son %all n include any   
ga9 f ! sale or ex*ange to ! electrical 
grid dur+ su* taxable ye> ( electricity 
:i* is g5]at$ by prop]ty ) respect to   
:i* any qualifi$ sol> electric prop]ty  
exp5ditures are eligible to be tak5 into
 acc\nt "u section #be;,d1 b only to !  
ext5t su* ga9 does n exce$ ! value ( !  
electricity us$ at su* resid5ce dur+ su*
 taxable ye>4  4  7b7 ,cl]ical am5dm5t  
,! table ( sections = "p ,,iii (        
sub*apt] ,b ( *apt] #a ( su* ,code is   
am5d$ by ins]t+ be=e ! item relat+ to   
section #adj ! foll[+ new item3  ,sec4  

#aci;,e4 ,income f qualify+ sales ( sol>
 electricity4  4  7c7 ,effective date ,!
 am5dm5ts made by ?is section %all apply
 to taxable ye>s beg9n+ aft] ! date ( ! 
enactm5t ( ?is ,act4