,,ii  #aac? ,,congress  #b;d ,session   
,s4 #bbgi  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,may #a1 #bjad ,mr4    
,lee introduc$ ! foll[+ bill2 :i* 0 read
 twice & ref]r$ to ! ,committee on      
,f9ance  ,a ,,bill  ,to am5d ! ,int]nal 
,rev5ue ,code ( #aihf to t]m9ate c]ta9  
en]gy tax subsidies & l[] ! corporate   
income tax rate4  #a4  ,%ort title2     
ref]5ce to #aihf ,code  7a7  ,%ort title
  ,?is ,act may be cit$ z ! ,en]gy      
,fre$om & ,economic ,prosp]ity ,act (   
#bjad4  7b7  ,ref]5ce to #aihf ,code    
,except z o!rwise expressly provid$1    
:5ev] 9 ?is ,act an am5dm5t or repeal is
 express$ 9 t]ms ( an am5dm5t to1 or    
repeal (1 a section or o!r provision1 ! 
ref]5ce %all be consid]$ to be made to a
 section or o!r provision ( ! ,int]nal  
,rev5ue ,code ( #aihf4  ,i  ,repeal (   
en]gy tax subsidies  #aja4  ,repeal (   
cr$it = alcohol fuel1 biodiesel1 &      
alt]native fuel mixtures  7a7  ,9 g5]al 
,section #fdbf is repeal$4  7b7  ,con=m+
 am5dm5ts  7#a7 ,p>agraph 7#a7 ( section

 #daja7;a7 is am5d$ by /rik+ or alcohol 
7z def9$ 9 section #fdbf7;b77#d77;,a74  
7#b7 ,p>agraph 7#b7 ( section #dajd7;a7 
is am5d$ by /rik+ #fdbf1 or #fdbg7;e74  
7#c7 ,section #fdbg is am5d$ by /rik+   
subsection 7e74  7#d7 ,subp>agraph 7,e7 
( section #ggjd7;d77#a7 is am5d$--  7,a7
 by ins]t+ 7z 9 effect on ! day be=e !  
date ( ! enactm5t ( ! ,en]gy ,fre$om &  
,economic ,prosp]ity ,act ( #bjad7 aft] 
( section #fdbf1 &  7,b7 by ins]t+ 7z s 
9 effect7 aft] section                  
#fdbf7;b77#d77;,a74  7#e7 ,p>agraph 7#a7
 ( section #iejc7;b7 is am5d$ by /rik+ !
 second s5t5ce4  7c7  ,cl]ical am5dm5t  
,! table ( sections = sub*apt] ,b (     
*apt] #fe is am5d$ by /rik+ ! item      
relat+ to section #fdbf4  7d7           
,effective dates  7#a7  ,9 g5]al        
,except z provid$ 9 p>agraph 7#b71 !    
am5dm5ts made by ?is section %all apply 
) respect to fuel sold & us$ aft] ! date
 ( ! enactm5t ( ?is ,act4  7#b7         
,liquefi$ hydrog5  ,9 ! case ( any      
alt]native fuel or alt]native fuel      

mixture 7z def9$ 9 subsection 7d77#b7 or
 7e77#c7 ( section #fdbf ( ! ,int]nal   
,rev5ue ,code ( #aihf z 9 effect be=e   
its repeal by ?is ,act7 involv+ liquefi$
 hydrog51 ! am5dm5ts made by ?is section
 %all apply ) respect to fuel sold & us$
 aft] ,septemb] #cj1 #bjad4  #ajb4      
,e>ly t]m9ation ( cr$it = qualifi$ fuel 
cell motor vehicles  7a7  ,9 g5]al      
,section #cj;,b is repeal$4  7b7        
,con=m+ am5dm5ts  7#a7 ,subp>agraph 7,a7
 ( section #bd7;b77#c7 is am5d$ by /rik+
 1 #cj;,b4  7#b7 ,p>agraph 7#b7 (       
section #be;,b7g7 is am5d$ by /rik+ 1   
#cj;,b14  7#c7 ,subsection 7b7 ( section
 #ch is am5d$ by /rik+ p>agraph 7#be74  
7#d7 ,subsection 7a7 ( section #ajaf is 
am5d$ by /rik+ p>agraph 7#ce7 & by      
r$esignat+ p>agraphs 7#cf7 & 7#cg7 z    
p>agraphs 7#ce7 & 7#cf71 respectively4  
7#e7 ,subsection 7m7 ( section #feja is 
am5d$ by /rik+ 1 #cj;,b7h77#i74  7c7    
,cl]ical am5dm5t  ,! table ( sections = 
subp>t ,b ( "p ,,iv ( sub*apt] ,a (     
*apt] #a is am5d$ by /rik+ ! item relat+

 to section #cj;,b4  7d7  ,effective    
date  ,! am5dm5ts made by ?is section   
%all apply to prop]ty plac$ 9 s]vice    
aft] ,decemb] #ca1 #bjad4  #ajc4  ,e>ly 
t]m9ation ( new qualifi$ plug-9 electric
 drive motor vehicles  7a7  ,9 g5]al    
,section #cj;,d is repeal$4  7b7        
,effective date  ,! am5dm5t made by ?is 
section %all apply to vehicles plac$ 9  
s]vice aft] ! date ( ! enactm5t ( ?is   
,act4  #ajd4  ,repeal ( cr$it = alcohol 
us$ z fuel  7a7  ,9 g5]al  ,section #dj 
is repeal$4  7b7  ,con=m+ am5dm5ts  7#a7
 ,subsection 7b7 ( section #ch is am5d$ 
by /rik+ p>agraph 7#c74  7#b7           
,subsection 7c7 ( section #aif is am5d$ 
by /rik+ p>agraph 7#c7 & by r$esignat+  
p>agraphs 7#d7 ?r\gh 7#ad7 z p>agraphs  
7#c7 ?r\gh 7#ac71 respectively4  7#c7   
,p>agraph 7#a7 ( section #daja7;a7 is   
am5d$ by /rik+ 1 & e p]son produc+      
cellulosic bi(uel 7z def9$ 9 section    
#dj7;b77#f77;,e774  7#d7 ,p>agraph 7#a7 
( section #dajd7;a7 is am5d$ by /rik+ 1 
#dj4  7c7  ,effective date  ,! am5dm5ts 

made by ?is section %all apply to fuel  
sold or us$ aft] ! date ( ! enactm5t (  
?is ,act4  #aje4  ,repeal ( enhanc$ oil 
recov]y cr$it  7a7  ,9 g5]al  ,section  
#dc is repeal$4  7b7  ,con=m+ am5dm5ts  
7#a7 ,subsection 7b7 ( section #ch is   
am5d$ by /rik+ p>agraph 7#f74  7#b7     
,p>agraph 7#d7 ( section #de,q7d7 is    
am5d$ by ins]t+ 7z 9 effect on ! day    
be=e ! date ( ! enactm5t ( ! ,en]gy     
,fre$om & ,economic ,prosp]ity ,act (   
#bjad7 aft] section #dc7;c77#b74  7#c7  
,subsection 7c7 ( section #aif1 z am5d$ 
by sections #aje & #ajf ( ?is ,act1 is  
am5d$ by /rik+ p>agraph 7#e7 & by       
r$esignat+ p>agraphs 7#f7 ?r\gh 7#ab7 z 
p>agraphs 7#e7 ?r\gh 7#aa71             
respectively4  7c7  ,cl]ical am5dm5t  ,!
 table ( sections = subp>t ,d ( "p ,,iv 
( sub*apt] ,a ( *apt] #a is am5d$ by    
/rik+ ! item relat+ to section #dc4  7d7
  ,effective date  ,! am5dm5ts made by  
?is section %all apply to co/s paid or  
incurr$ aft] ,decemb] #ca1 #bjad4  #ajf4
  ,repeal ( cr$it = produc+ oil & gas f 

m>g9al wells  7a7  ,9 g5]al  ,section   
#de;,i is repeal$4  7b7  ,con=m+ am5dm5t
  ,subsection 7b7 ( section #ch is am5d$
 by /rik+ p>agraph 7#ai74  7c7  ,cl]ical
 am5dm5t  ,! table ( sections = subp>t  
,d ( "p ,,iv ( sub*apt] ,a ( *apt] #a is
 am5d$ by /rik+ ! item relat+ to section
 #de;,i4  7d7  ,effective date  ,!      
am5dm5ts made by ?is section %all apply 
to production 9 taxable ye>s beg9n+ aft]
 ,decemb] #ca1 #bjad4  #ajg4  ,t]m9ation
 ( cr$it = production f advanc$ nucle>  
p[] facilities  7a7  ,9 g5]al           
,subp>agraph 7,b7 ( section             
#de;,j7d77#a7 is am5d$ by /rik+ ,janu>y 
#a1 #bjba & ins]t+ ,janu>y #a1 #bjae4   
7b7  ,effective date  ,! am5dm5ts made  
by ?is section %all apply to prop]ty    
plac$ 9 s]vice aft] ,decemb] #ca1 #bjad4
  #ajh4  ,repeal ( cr$it = c>bon dioxide
 seque/ration  7a7  ,9 g5]al  ,section  
#de,q is repeal$4  7b7  ,effective date 
,! am5dm5t made by ?is section %all     
apply to c>bon dioxide captur$ aft]     
,decemb] #ca1 #bjad4  #aji4  ,t]m9ation 

( en]gy cr$it  7a7  ,9 g5]al  ,section  
#dh is am5d$ by add+ at ! end ! foll[+  
new subsection3  7e7  ,t]m9ation  ,no   
cr$it %all be all[$ "u subsection 7a7 = 
any p]iod aft] ,decemb] #ca1 #bjad4  4  
7b7  ,effective date  ,! am5dm5ts made  
by ?is section %all apply to prop]ty    
plac$ 9 s]vice aft] ,decemb] #ca1 #bjad4
  #aaj4  ,repeal ( qualify+ advanc$ coal
 project  7a7  ,9 g5]al  ,section #dh;,a
 is repeal$4  7b7  ,con=m+ am5dm5t      
,section #df is am5d$ by /rik+ p>agraph 
7#c7 & by r$esignat+ p>agraphs 7#d71    
7#e71 & 7#f7 z p>agraphs 7#c71 7#d71 &  
7#e71 respectively4  7c7  ,cl]ical      
am5dm5t  ,! table ( sections = subp>t ,e
 ( "p ,,iv ( sub*apt] ,a ( *apt] #a is  
am5d$ by /rik+ ! item relat+ to section 
#dh;,a4  7d7  ,effective date  ,!       
am5dm5ts made by ?is section %all apply 
to prop]ty plac$ 9 s]vice aft] ,decemb] 
#ca1 #bjad4  #aaa4  ,repeal ( qualify+  
gasification project cr$it  7a7  ,9     
g5]al  ,section #dh;,b is repeal$4  7b7 
,con=m+ am5dm5t  ,section #df1 z am5d$  

by ?is ,act1 is am5d$ by /rik+ p>agraph 
7#c7 & by r$esignat+ p>agraphs 7#d7 &   
7#e7 z p>agraphs 7#c7 & 7#d71           
respectively4  7c7  ,cl]ical am5dm5t  ,!
 table ( sections = subp>t ,e ( "p ,,iv 
( sub*apt] ,a ( *apt] #a is am5d$ by    
/rik+ ! item relat+ to section #dh;,b4  
7d7  ,effective date  ,! am5dm5ts made  
by ?is section %all apply to prop]ty    
plac$ 9 s]vice aft] ,decemb] #ca1 #bjad4
  #aab4  ,repeal ( qualify+ advanc$     
en]gy project cr$it  7a7  ,9 g5]al      
,section #dh;,c is repeal$4  7b7        
,con=m+ am5dm5t  ,section #df1 z am5d$  
by ?is ,act1 is am5d$ by /rik+ p>agraph 
7#c7 & by r$esignat+ p>agraph 7#d7 z    
p>agraph 7#c74  7c7  ,cl]ical am5dm5t   
,! table ( sections = subp>t ,e ( "p    
,,iv ( sub*apt] ,a ( *apt] #a is am5d$  
by /rik+ ! item relat+ to section       
#dh;,c4  7d7  ,effective date  ,!       
am5dm5ts made by ?is section %all apply 
to prop]ty plac$ 9 s]vice aft] ,decemb] 
#ca1 #bjad4  ,,ii  ,r$uction ( corporate
 income tax rate  #aba4  ,corporate     

income tax rate r$uc$  7a7  ,9 g5]al  ,n
 lat] ?an #a ye> aft] ! date ( !        
enactm5t ( ?is ,act1 ! ,secret>y ( !    
,treasury %all prescribe1 9 lieu ( !    
rates ( tax "u p>agraphs 7#a7 & 7#b7 (  
section #aa7;b71 section #abja7;a71 &   
p>agraphs 7#a71 7#b71 & 7#f7 ( section  
#adde7;e7 ( ! ,int]nal ,rev5ue ,code (  
#aihf1 su* rates ( tax z ! ,secret>y    
e/imates w\ld result 9--  7#a7 a        
decrease 9 rev5ue to ! ,treasury =      
taxable ye>s beg9n+ dur+ ! #aj-ye> p]iod
 beg9n+ on ! date ( ! enactm5t ( ?is    
,act1 equal to  7#b7 ! increase 9 rev5ue
 = su* taxable ye>s by reason ( !       
am5dm5ts made by title ,i ( ?is ,act4   
7b7  ,ma9t5ance ( graduat$ rates  ,9    
prescrib+ ! tax rates "u subsection 7a71
 ! ,secret>y %all ensure t ea* rate     
modifi$ "u su* subsection is r$uc$ by a 
uni=m p]c5tage4  7c7  ,effective date   
,! rates prescrib$ by ! ,secret>y "u    
subsection 7a7 %all apply to taxable    
ye>s beg9n+ m ?an #a ye> aft] ! date ( !
 enactm5t ( ?is ,act4