,i  #aad? ,,congress  #a/ ,session  ,h4 
,r4 #aija  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,april #ba1 #bjae ,mr4
 ,m>*ant 7= himself1 ,mr4 ,pompeo1 ,mr4 
,sam ,johnson ( ,texas1 ,mr4 ,p]ry1 ,mr4
 ,flores1 ,mr4 ,%u/]1 & ,mr4 ,scalise7  
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,ways & ,means  ,a     
,,bill  ,to am5d ! ,int]nal ,rev5ue     
,code ( #aihf to phase\t & repeal !     
cr$it = electricity produc$ f c]ta9     
r5ewable res\rces1 to r$uce ! corporate 
income tax1 & = o!r purposes4  #a4 ,%ort
 title ,?is ,act may be cit$ z ! ,,ptc  
,elim9ation ,act4  #b4 ,phase\t & repeal
 ( cr$it = electricity produc$ f c]ta9  
r5ewable res\rces  7a7 ,r$uction ( cr$it
 & phase\t am\nts  7#a7 ,9 g5]al        
,section #de7;b7 ( ! ,int]nal ,rev5ue   
,code ( #aihf is am5d$ by /rik+ p>agraph
 7#b74  7#b7 ,con=m+ am5dm5ts ,section  
#de7;e77#b7 ( su* ,code is am5d$-- 7,a7 
by /rik+ ! inflation adju/m5t factor & 9
 subp>agraph 7,a71 &  7,b7 by /rik+     
subp>agraph 7,b7 & r$esignat+           

subp>agraph 7,c7 z subp>agraph 7,b74    
7#c7 ,effective date ,! am5dm5ts made by
 ?is subsection %all apply to           
electricity1 & ref9$ coal1 produc$ &    
sold aft] ,decemb] #ca1 #bjae4  7b7     
,special rule = det]m9+ beg9n+ (        
con/ruction  7#a7 ,9 g5]al ,section     
#de7;e7 ( su* ,code is am5d$ by add+ at 
! end ! foll[+ new p>agraph3  7#ab7     
,special rule = det]m9+ beg9n+ (        
con/ruction ,= purposes ( subsection 7d7
 & section #dh7;a77#e71 ! con/ruction ( 
any facility1 modification1 improvem5t1 
addition1 or o!r prop]ty %all n be      
treat$ z beg9n+ be=e any date unless !re
 is a cont9u\s program ( con/ruction :i*
 beg9s1 & makes significant progress1   
be=e su* date & ends on ! date t su*    
prop]ty is plac$ 9 s]vice4  4  7#b7     
,effective date ,! am5dm5t made by ?is  
subsection %all apply to taxable ye>s   
beg9n+ be=e1 on1 or aft] ! date ( !     
enactm5t ( ?is ,act4  7c7 ,repeal (     
cr$it  7#a7 ,9 g5]al ,subp>t ,d ( "p    
,,iv ( sub*apt] ,a ( *apt] #a ( su*     

,code is am5d$ by /rik+ section #de 7&  
by /rik+ ! item relat+ to su* section 9 
! table ( sections = su* subp>t74  7#b7 
,con=m+ am5dm5ts  7,a7 ,section #ch7;b7 
( su* ,code is am5d$ by /rik+ p>agraph  
7#h74  7,b7 ,section #de;,j ( su* ,code 
is am5d$ by add+ at ! end ! foll[+ new  
subsection3  7f7 ,ref]5ces to section   
#de ,any ref]5ce 9 ?is section to any   
provision ( section #de %all be treat$ z
 a ref]5ce to su* provision z 9 effect  
imm$iately be=e its repeal4  4  7,c7    
,section #de,k7g77#b7 ( su* ,code is    
am5d$ by /rik+ subp>agraph 7,e74  7,d7  
,section #dh ( su* ,code is am5d$ by    
add+ at ! end ! foll[+ new subsection3  
7e7 ,ref]5ces to section #de ,any       
ref]5ce 9 ?is section to any provision (
 section #de %all be treat$ z a ref]5ce 
to su* provision z 9 effect imm$iately  
be=e its repeal4  4  7,e7 ,section      
#ed7;d77#b77;,a7 ( su* ,code is am5d$ by
 ins]t+ 7z 9 effect imm$iately be=e its 
repeal7 aft] section #de7;d74  7,f7     
,section #ed;,c7d77#a7 ( su* ,code is   

am5d$ by ins]t+ 7z 9 effect imm$iately  
be=e its repeal7 aft] section #de7;d74  
7,g7 ,section #ed;,d7f77#a77;,a77iv7 (  
su* ,code is am5d$ by ins]t+ 7z 9 effect
 imm$iately be=e its repeal7 aft]       
section #de7;d74  7,h7 ,section         
#ee7;c77#a7 ( su* ,code is am5d$ by     
/rik+ #de7;e77#aa77;,c714  7#c7         
,effective date ,! am5dm5ts made by ?is 
subsection %all apply to electricity1 & 
ref9$ coal1 produc$ & sold aft] ,decemb]
 #ca1 #bjbe4  7d7 ,s5se ( ,congress     
reg>d+ fur!r ext5sion ,x is ! s5se ( !  
,congress t ! cr$it "u section #de ( !  
,int]nal ,rev5ue ,code ( #aihf %\ld be  
all[$ to expire & %\ld n be ext5d$      
beyond ! expiration dates specifi$ 9 su*
 section z ( ! date ( ! enactm5t ( ?is  
,act4  #c4 ,r$uction ( corporate income 
tax  7a7 ,9 g5]al ,section #aa ( !      
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by add+ at ! end ! foll[+ new           
subsection3  7e7 ,r$uction  7#a7 ,9     
g5]al ,9 ! case ( any taxable ye> beg9n+
 m ?an #a ye> aft] ! date ( ! enactm5t (

 ?is subsection1 ! am\nt ( tax o!rwise  
impos$ "u ?is section ) respect to any  
taxpay] = su* taxable ye> %all be r$uc$ 
by ! applicable p]c5tage ( su* am\nt4   
7#b7 ,applicable p]c5tage ,= purposes ( 
?is subsection-- 7,a7 ,9 g5]al ,! t]m   
applicable p]c5tage means ! p]c5tage :i*
 ! ,secret>y e/imates w result 9--  7i7 
a decrease 9 rev5ues to ! ,treasury = ! 
fiscal ye> :i* includes ! date ( !      
enactm5t ( ?is subsection & ! #aj       
subsequ5t fiscal ye>s1 :i* is equal to  
7ii7 ! increase 9 su* rev5ues = su*     
taxable ye>s by reason ( ! am5dm5ts made
 by section #b ( ! ,,ptc ,elim9ation    
,act4  7,b7 ,s+le p]c5tage ,! p]c5tage  
"u subp>agraph 7,a7 %all be det]m9$ by !
 ,secret>y n lat] ?an ! date :i* is #a  
ye> aft] ! date ( ! enactm5t ( ?is      
subsection & %all apply = all taxable   
ye>s to :i* p>agraph 7#a7 applies4  4   
7b7 ,effective date ,! am5dm5t made by  
?is section %all apply to taxable ye>s  
beg9n+ m ?an #a ye> aft] ! date ( !     
enactm5t ( ?is ,act4