,,ii ,cal5d> ,no4 #df #aad? ,,congress  
#a/ ,session  ,s4 #iac ,report ,no4     
#aad-bc ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ 
,,/ates  ,april #ad1 #bjae,mr4 ,hat*1 f 
! ,committee on ,f9ance1 report$ !      
foll[+ orig9al bill2 :i* 0 read twice & 
plac$ on ! cal5d>  ,a ,,bill  ,to am5d !
 ,int]nal ,rev5ue ,code ( #aihf to      
provide an inve/m5t tax cr$it = wa/e    
heat to p[] te*nology4  #a4 ,inve/m5t   
cr$it = wa/e heat to p[] prop]ty  7a7 ,9
 g5]al ,subp>agraph 7,a7 ( section      
#dh7;a77#c7 ( ! ,int]nal ,rev5ue ,code (
 #aihf is am5d$ by /rik+ or at ! end (  
clause 7vi71 by /rik+ ! comma at ! end (
 clause 7vii7 & ins]t+ 1 or1 & by ins]t+
 aft] clause 7vii7 ! foll[+ new clause3 
7viii7 wa/e heat to p[] prop]ty1  4  7b7
 ,wa/e heat to p[] prop]ty ,subsection  
7c7 ( section #dh ( ! ,int]nal ,rev5ue  
,code ( #aihf is am5d$ by add+ at ! end 
! foll[+ new p>agraph3  7#e7 ,wa/e heat 
to p[] prop]ty  7,a7 ,9 g5]al ,! t]m    
wa/e heat to p[] prop]ty means prop]ty--
 7i7 compris+ a sy/em :i* g5]ates       

electricity ?r\gh ! recov]y ( a qualifi$
 wa/e heat res\rce1 &  7ii7 :i* is plac$
 9 s]vice be=e ,janu>y #a1 #bjag4  7,b7 
,qualifi$ wa/e heat res\rce ,! t]m      
qualifi$ wa/e heat res\rce means--  7i7 
exhau/ heat or fl>$ gas f an indu/rial  
process t does n h1 z its prim>y        
purpose1 ! production ( electricity1 &  
7ii7 a pressure drop 9 any gas = an     
indu/rial or comm]cial process4  7,c7   
,limitations  7i7 ,9 g5]al ,= purposes (
 subsection 7a77#a71 ! basis ( any wa/e 
heat to p[] prop]ty tak5 into acc\nt "u 
?is section %all n exce$ ! excess (--   
7,i7 ! basis ( su* prop]ty1 ov]  7,,ii7 
! fair m>ket value ( comp>able prop]ty  
:i* does n h ! capacity to capture &    
conv]t a qualifi$ wa/e heat res\rce to  
electricity4  7ii7 ,capacity limitation 
,! t]m wa/e heat to p[] prop]ty %all n  
include any prop]ty compris+ a sy/em if 
su* sy/em has a capacity 9 excess ( #ej 
megawatts4  4  7c7 ,effective date ,!   
am5dm5ts made by ?is section %all apply 
to p]iods aft] ! date ( ! enactm5t ( ?is

 ,act1 9 taxable ye>s end+ aft] su*     
date1 "u rules simil> to ! rules (      
section #dh7m7 ( ! ,int]nal ,rev5ue     
,code ( #aihf 7z 9 effect on ! day be=e 
! date ( ! enactm5t ( ! ,rev5ue         
,reconciliation ,act ( #aiij74  #b4     
,increase 9 cont9u\s levy  7a7 ,9 g5]al 
,p>agraph 7#c7 ( section #fcca7;h7 ( !  
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by /rik+ #cj p]c5t & ins]t+ #ce p]c5t4  
7b7 ,effective date ,! am5dm5t made by  
?is section %all apply to paym5ts made  
aft] #ahj days aft] ! date ( ! enactm5t 
( ?is ,act4  ,april #ad1 #bjae,read     
twice & plac$ on ! cal5d>