,,ii  #aadth ,,congress  #ast ,session  
,s4 #agdi  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,july #ac1     
#bjae ,mr4 ,heinrich 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 allow        
allocation of certain renewable energy  
tax credits to ,indian tribes1 and for  
other purposes4  #a4 ,short title ,this 
,act may be cited as the ,tribal ,tax   
,incentive for ,renewable ,energy ,act  
of #bjae4  #b4 ,allocation of renewable 
energy tax credits to ,indian tribes    
7a7 ,in general ,subsection 7a7 of      
section #dh of the ,internal ,revenue   
,code of #aihf is amended by adding at  
the end the following new paragraph3    
7#f7 ,allocation of credit to ,indian   
tribes  7,a7 ,election to allocate  7i7 
,in general ,in the case of an ,indian  
tribe1 any portion of the credit        
determined under this subsection for the
 taxable year may1 at the election of   

such tribe1 be transferred to another   
taxpayer4  7ii7 ,form and effect of     
election ,an election under clause 7i7  
for any taxable year shall-- 7,i7       
specify the ,,tin of each taxpayer to   
whom credit is allocated1  7,,ii7       
specify the percentage of the credit    
determined under this subsection to be  
allocated to each such taxpayer1 and    
7,,iii7 not take effect unless the      
,indian tribe designates the transfer as
 such in a written notice sent to such  
taxpayer4  ,such election for any       
taxable year shall be made on a timely  
filed return for such year1 and1 once   
made1 shall be irrevocable for such     
taxable year4  7,b7 ,allocation to other
 taxpayers ,the amount of credit        
transferred to any taxpayer under       
subparagraph 7,a7-- 7i7 shall not be    
included in the amount determined under 
this subsection with respect to the     
,indian tribe for the taxable year1 and 
7ii7 shall be included in the amount    
determined under this subsection for the

 taxable year of such taxpayer ending on
 or after the date on which the taxpayer
 receives the written designation under 
subparagraph 7,a77ii77,,iii74  7,c7     
,definition of ,indian tribe ,for       
purposes of this paragraph1 the term    
,indian tribe has the meaning given such
 term by section #de;,a7c77#f74  4  7b7 
,effective date ,the amendment made by  
this section shall apply to facilities  
placed in service on or after the date  
of enactment of this ,act4