,,ii #aad? ,,congress #b;d ,session ,s4 #cafi ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,july #ab1 #bjaf ,mr4 ,alex&] introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,f9ance ,a ,,bill ,to support basic en]gy rese>* & elim9ate ! w9d production tax cr$it4 #a4 ,f9d+s ,congress f9ds t-- 7#a7 w9d en]gy is a mature te*nology2 7#b7 ! w9d production tax cr$it has be5 9 effect = #bd ye>s & has be5 ext5d$ #aj times2 7#c7 w9d subsidies c di/ort ! electricity m>ket & make o!r s\rces ( electric p[] less co/ competitive2 7#d7 betwe5 #bjjh & #bjad1 ! w9d production tax cr$it co/ taxpay]s #g1cjj1jjj1jjj2 7#e7 = w9d turb9e con/ruction />t$ 9 #bjag1 #bjah1 & #bjai1 ! w9d production tax cr$it w\ld co/ taxpay]s #h1ajj1jjj1jjj ov] #aj ye>s2 & 7#f7 d\bl+ ! am\nt ( funds available = basic en]gy rese>* activities w\ld-- 7,a7 increase innovation 9 en]gy te*nologies2 & 7,b7 produce clean1 reliable1 & af=dable en]gy4 #b4 ,increas$ fund+ au?orization = ! ,(fice ( ,sci5ce ( ! ,dep>tm5t ( ,en]gy ,section #iga7;b7 ( ! ,en]gy ,policy ,act ( #bjje 7#db ,u4,s4,c4 #afcaa7;b77 is am5d$-- 7#a7 9 p>agraph 7#f71 by /rik+ & at ! end2 7#b7 9 p>agraph 7#g71 by /rik+ ! p]iod at ! end & ins]t+ a semicolon2 & 7#c7 by add+ at ! end ! foll[+3 7#h7 #h1ebd1jjj1jjj = fiscal ye> #bjag2 7#i7 #h1icf1jjj1jjj = fiscal ye> #bjah2 & 7#aj7 #i1cgg1jjj1jjj = fiscal ye> #bjai4 4 #c4 ,t]m9ation ( cr$it = electricity produc$ f w9d 7a7 ,9 g5]al ,p>agraph 7#a7 ( section #de7;d7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by /rik+ #bjbj & ins]t+ #bjag4 7b7 ,con=m+ am5dm5ts 7#a7 ,subsection 7b7 ( section #de ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by /rik+ p>agraph 7#e74 7#b7 ,clause 7ii7 ( section #dh7;a77#e77;,c7 ( su* ,code is am5d$ by /rik+ 7,janu>y #a1 #bjbj1 9 ! case ( any facility :i* is describ$ 9 p>agraph 7#a7 ( section #de7;d774 7#c7 ,p>agraph 7#e7 ( section #dh7;a7 ( su* ,code is am5d$ by /rik+ subp>agraph 7,e74 7c7 ,effective date 7#a7 ,9 g5]al ,except z provid$ 9 p>agraph 7#b71 ! am5dm5ts made by ?is section %all apply to electricity produc$ & sold 9 taxable ye>s beg9n+ aft] ! date ( ! enactm5t ( ?is ,act4 7#b7 ,treatm5t z en]gy prop]ty ,! am5dm5ts made by p>agraphs 7#b7 & 7#c7 ( subsection 7b7 %all apply to prop]ty plac$ 9 s]vice 9 taxable ye>s beg9n+ aft] ! date ( ! enactm5t ( ?is ,act4