,,ii  #aad? ,,congress  #a/ ,session    
,s4 #afef  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,june #bd1 #bjae,mr4   
,coons 7= himself1 ,mr4 ,moran1 ,ms4    
,murk[ski1 ,ms4 ,/ab5[1 ,ms4 ,coll9s1   
,mr4 ,b5net1 ,mr4 ,g>dn]1 & ,mr4 ,k+7   
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on       
,f9ance  ,a ,,bill  ,to am5d ! ,int]nal 
,rev5ue ,code ( #aihf to ext5d !        
publicly trad$ p>tn]%ip own]%ip /ructure
 to en]gy p[] g5]ation projects &       
transportation fuels1 & = o!r purposes4 
#a4 ,%ort title ,?is ,act may be cit$ z 
! ,ma/] ,limit$ ,p>tn]%ips ,p>ity ,act4 
#b4 ,ext5sion ( publicly trad$ p>tn]%ip 
own]%ip /ructure to en]gy p[] g5]ation  
projects1 transportation fuels1 & relat$
 en]gy activities  7a7 ,9 g5]al         
,subp>agraph 7,e7 ( section             
#ggjd7;d77#a7 ( ! ,int]nal ,rev5ue ,code
 ( #aihf is am5d$--  7#a7 by /rik+      
income & ga9s d]iv$ f ! exploration &   
ins]t+  income & ga9s d]iv$ f ! foll[+3 
7i7 ,m9]als1 natural res\rces1 etc ,!   

exploration  1  7#b7 by ins]t+ or be=e  
indu/rial s\rce1  7#c7 by ins]t+ a p]iod
 aft] c>bon dioxide1 &  7#d7 by /rik+ 1 
or ! transportation or /orage & all t   
foll[s & ins]t+ ! foll[+3  7ii7         
,r5ewable en]gy ,! g5]ation ( electric  
p[] 7includ+ ! leas+ ( tangible p]sonal 
prop]ty us$ = su* g5]ation7 exclusively 
utiliz+ any res\rce describ$ 9 section  
#de7;c77#a7 or en]gy prop]ty describ$ 9 
section #dh 7det]m9$ )\t reg>d to any   
t]m9ation date71 or 9 ! case ( a        
facility describ$ 9 p>agraph 7#c7 or    
7#g7 ( section #de7;d7 7det]m9$ )\t     
reg>d to any plac$ 9 s]vice date or date
 by :i* con/ruction ( ! facility is     
requir$ to beg971 ! accept+ or process+ 
( su* res\rce4  7iii7 ,electricity      
/orage devices ,! receipt & sale (      
electric p[] t has be5 /or$ 9 a device  
directly connect$ to ! grid4  7iv7      
,comb9$ heat & p[] ,! g5]ation1 /orage1 
or di/ribution ( !rmal en]gy exclusively
 utiliz+ prop]ty describ$ 9 section     
#dh7;c77#c7 7det]m9$ )\t reg>d to       

subp>agraphs 7,b7 & 7,d7 !re( & )\t     
reg>d to any plac$ 9 s]vice date74  7v7 
,r5ewable !rmal en]gy ,! g5]ation1      
/orage1 or di/ribution ( !rmal en]gy    
exclusively us+ any res\rce describ$ 9  
section #de7;c77#a7 or en]gy prop]ty    
describ$ 9 clause 7i7 or 7iii7 ( section
 #dh7;a77#c77;,a74  7vi7 ,wa/e heat to  
p[] ,! use ( recov]able wa/e en]gy1 z   
def9$ 9 section #cga7e7 ( ! ,en]gy      
,policy & ,cons]vation ,act 7#db        
,u4,s4,c4 #fcda7e77 7z 9 effect on !    
date ( ! enactm5t ( ! ,ma/] ,limit$     
,p>tn]%ips ,p>ity ,act74  7vii7         
,r5ewable fuel infra/ructure ,! /orage  
or transportation ( any fuel describ$ 9 
subsection 7b71 7c71 7d71 or 7e7 (      
section #fdbf4  7viii7 ,r5ewable fuels  
,! production1 /orage1 or transportation
 ( any r5ewable fuel describ$ 9 section 
#baa7o77#a77;,j7 ( ! ,clean ,air ,act   
7#db ,u4,s4,c4 #gede7o77#a77;,j77 7z 9  
effect on ! date ( ! enactm5t ( ! ,ma/] 
,limit$ ,p>tn]%ips ,p>ity ,act7 or      
section #dj;,a7d77#a74  7ix7 ,r5ewable  

*emicals ,! production1 /orage1 or      
transportation ( any qualify+ r5ewable  
*emical 7z def9$ 9 p>agraph 7#f774  7x7 
,en]gy effici5t build+s ,! audit &      
in/allation ?r\gh contract or o!r       
agreem5t ( any en]gy effici5t build+    
prop]ty describ$ 9 section              
#agi;,d7c77#a74  7xi7 ,gasification )   
seque/ration ,! production ( any product
 or ! g5]ation ( electric p[] f a       
project t meets ! requirem5ts (         
subp>agraphs 7,a7 & 7,b7 ( section      
#dh;,b7c77#a7 & t sep>ates & seque/]s 9 
secure geological /orage 7z det]m9$ "u  
section #de,q7d77#b77 at lea/ #ge p]c5t 
( su* project's total qualifi$ c>bon    
dioxide 7z def9$ 9 section #de,q7b774   
7xii7 ,c>bon capture & seque/ration     
7,i7 ,p[] g5]ation facilities ,!        
g5]ation or /orage ( electric p[]       
7includ+ associat$ income f ! sale or   
m>ket+ ( en]gy1 capacity1 res\rce       
adequacy1 & ancill>y s]vices7 produc$ f 
any p[] g5]ation facility :i* is1 or f  
any p[] g5]ation unit )91 a qualifi$    

facility describ$ 9 section #de,q7c7    
:i*--  7aa7 9 ! case ( a p[] g5]ation   
facility or p[] g5]ation unit plac$ 9   
s]vice aft] ,janu>y #h1 #bjac1 captures 
#ej p]c5t or m ( ! qualifi$ c>bon       
dioxide 7z def9$ 9 section #de,q7b77 (  
su* facility & disposes ( su* captur$   
qualifi$ c>bon dioxide 9 secure         
geological /orage 7z det]m9$ "u section 
#de,q7d77#b771 &  7bb7 9 ! case ( a p[] 
g5]ation facility or p[] g5]ation unit  
plac$ 9 s]vice be=e ,janu>y #i1 #bjac1  
captures #cj p]c5t or m ( ! qualifi$    
c>bon dioxide 7z def9$ 9 section        
#de,q7b77 ( su* facility & disposes (   
su* captur$ qualifi$ c>bon dioxide 9    
secure geological /orage 7z det]m9$ "u  
section #de,q7d77#b774  7,,ii7 ,o!r     
facilities ,! sale ( any good or s]vice 
f any facility 7o!r ?an a p[] g5]ation  
facility7 :i* is a qualifi$ facility    
describ$ 9 section #de,q7c7 & ! captur$ 
qualifi$ c>bon dioxide 7z s def9$7 ( :i*
 is dispos$ ( 9 secure geological /orage
 7z det]m9$ "u section #de,q7d77#b774  4

  7b7 ,r5ewable *emical  7#a7 ,9 g5]al  
,section #ggjd7;d7 ( su* ,code is am5d$ 
by add+ at ! end ! foll[+ new p>agraph3 
7#f7 ,qualify+ r5ewable *emical  7,a7 ,9
 g5]al ,! t]m qualify+ r5ewable *emical 
means any r5ewable *emical 7z def9$ 9   
section #ijja ( ! ,agriculture ,act (   
#bjad7-- 7i7 :i* is produc$ by ! taxpay]
 9 ! ,unit$ ,/ates or 9 a t]ritory or   
possession ( ! ,unit$ ,/ates1  7ii7 :i* 
is ! product (1 or reliant ^u1          
biological conv]sion1 !rmal conv]sion1  
or a comb9ation ( biological & !rmal    
conv]sion1 ( r5ewable biomass 7z def9$ 9
 section #ijja7ab7 ( ! ,f>m ,security & 
,rural ,inve/m5t ,act ( #bjjb71  7iii7 !
 biobas$ cont5t ( :i* is #ie p]c5t or   
high]1  7iv7 :i* is sold or us$ by !    
taxpay]--  7,i7 = ! production ( *emical
 products1 polym]s1 pla/ics1 or =mulat$ 
products1 or  7,,ii7 z *emicals1        
polym]s1 pla/ics1 or =mulat$ products1  
7v7 :i* is n sold or us$ = ! production 
( any food1 fe$1 or fuel1 &  7vi7 :i*   
is--  7,i7 acetic acid1 acrylic acid1   

acyl glutamate1 adipic acid1 algae oils1
 algae sug>s1 aromatics1                
#a1d-;butan$iol1 iso-butanol1 n-butanol1
 c>boxylic acids1 cellulosic sug>1      
die?yl me?yl5e malonate1 e?yl acetate1  
f>nes5e1 gamma-butyrolactone1 gluc>ic   
acid1 hexame?yl5$iam9e1 #c-;hydroxy     
propionic acid1 ,c#aj hydroc>bons1      
isopr5e1 itaconic acid1 ketals1 levul9ic
 acid1 olef9s1 polyhydroxyalkonate1     
polylactic acid1 polyitaconic acid1     
polyols f vegetable oils1 poly7xylitan  
levul9ate ketal71 #a1c-propan$iol1      
#a1b-propan$iol1 succ9ic acid1 t]p5es1  
?iols1 or p-,xyl5e1 or  7,,ii7 any      
*emical n describ$ 9 clause 7i7 :i* is a
 *emical li/$ by ! ,secret>y = purposes 
( ?is p>agraph4  7,b7 ,biobas$ cont5t ,=
 purposes ( subp>agraph 7,a77iii71 ! t]m
 biobas$ cont5t p]c5tage means1 )       
respect to any r5ewable *emical1 !      
biobas$ cont5t ( su* *emical 7express$ z
 a p]c5tage7 det]m9$ by te/+            
repres5tative samples us+ ! ,am]ican    
,society = ,te/+ & ,mat]ials 7,,a/m7    

,d#fhff4  4  7#b7 ,li/ ( o!r qualify+   
r5ewable *emicals ,n lat] ?an #ahj days 
aft] ! date ( ! enactm5t ( ?is ,act1 !  
,secret>y ( ! ,treasury 7or !           
,secret>y's delegate71 9 consultation ) 
! ,secret>y ( ,agriculture1 %all e/abli%
 a program to consid] applications f    
taxpay]s = ! li/+ ( *emicals "u section 
#ghgd7;d77#f77;,a77vi77,,ii7 7z add$ by 
p>agraph 7#a774  7c7 ,effective date ,! 
am5dm5ts made by ?is section %all take  
effect on ! date ( ! enactm5t ( ?is     
,act1 9 taxable ye>s end+ aft] su* date4