,,ii  #aacth ,,congress  #b;d ,session  
,s4 #bhef  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,september #ah1
 #bjad ,mr4 ,menendez 7for himself1 ,mr4
 ,cardin1 and ,ms4 ,collins7 introduced 
the following bill2 which was read twice
 and referred to the ,committee on      
,finance  ,a ,,bill  ,to amend the      
,internal ,revenue ,code of #aihf to    
modify the credit for production of     
electricity from renewable resources for
 certain open-loop biomass and trash    
facilities placed in service before the 
date of the enactment of this ,act4  #a4
 ,special rule for certain facilities   
7a7 ,in general ,section #de7;e7 of the 
,internal ,revenue ,code of #aihf is    
amended by adding at the end the        
following new paragraph3  7#ab7 ,special
 rule for certain qualified facilities  
7,a7 ,in general ,in the case of        
electricity produced at a qualified     
facility described in paragraph 7#c7 or 
7#g7 of subsection 7d7 and placed in    
service before the date of the enactment

 of this paragraph1 a taxpayer may elect
 to apply subsection 7a77#b77;,a77ii7 by
 substituting the period beginning after
 ,december #ca1 #bjac1 and ending before
 ,january #a1 #bjaf for the #aj-year    
period beginning on the date the        
facility was originally placed in       
service4  7,b7 ,limitation ,no credit   
shall be allowed under subsection 7a7 to
 any taxpayer making an election under  
this paragraph with respect to          
electricity produced and sold at a      
facility during any period which1 when  
aggregated with all other periods for   
which a credit is allowed under this    
section with respect to electricity     
produced and sold at such facility1 is  
in excess of #aj years4  4  7b7         
,effective date ,the amendment made by  
this section shall take effect on       
,january #a1 #bjad4