,i  #aaeth ,,congress  #ast ,session    
,h4 ,r4 #dacg  ,,in ,,the ,,house ,,of  
,,representatives  ,october #be1        
#bjag,ms4 ,stefanik introduced the      
following bill2 which was referred to   
the ,committee on ,ways and ,means  ,a  
,,bill  ,to amend the ,internal ,revenue
 ,code of #aihf to modify the credit for
 electricity produced from certain      
renewable resources and the investment  
credit for certain qualified investment 
credit facilities4  #a4 ,short title    
,this ,act may be cited as the          
,renewable ,electricity ,tax ,credit    
,equalization ,act4  #b4 ,qualified     
investment credit facilities  7a7 ,in   
general ,clause 7ii7 of section         
#dh7;a77#e77;,c7 of the ,internal       
,revenue ,code of #aihf is amended to   
read as follows3  7ii7 which is placed  
in service after #bjjh and the          
construction of which begins before--   
7,i7 ,january #a1 #bjbj1 in the case of 
any facility which is described in      
paragraph 7#a7 of section #de7;d771 and 

7,,ii7 ,january #a1 #bjbb1 in the case  
of any facility which is described in   
paragraph 7#b71 7#c71 7#d71 7#f71 7#g71 
7#i7 or 7#aa7 of section #de7;d71 and  4
  7b7 ,phaseout  7#a7 ,in general       
,subparagraph 7,a7 of section           
#dh7;a77#f7 of such ,code is amended by 
inserting or in the case of any facility
 which is described in paragraph 7#b71  
7#c71 7#d71 7#f71 7#g71 7#i7 or 7#aa7 of
 section #de7;d7 which makes the        
irrevocable election described in       
paragraph 7#e77;,c77iii77,,ii71 after   
,january #a1 #bjbb14  7#b7 ,placed in   
service deadline ,subparagraph 7,b7 of  
section #dh7;a77#f7 of such ,code is    
amended-- 7,a7 by inserting or in the   
case of any facility which is described 
in paragraphs 7#b71 7#c71 7#d71 7#f71   
7#g71 7#i7 or 7#aa7 of section #de7;d7  
which makes the irrevocable election    
described in paragraph                  
7#e77;,c77iii77,,ii71 after ,january #a1
 #bjbb11 and  7,b7 by striking          
determined under paragraph 7#b74  7#c7  

,clerical amendment ,the heading for    
section #dh7;a77#f7 of such ,code is    
amended by inserting and certain other  
facilities described in section #de7;d7 
after ,phaseout for ,solar ,energy      
,property4  7c7 ,effective date ,the    
amendments made by this section shall   
take effect on the date of the enactment
 of this ,act4  #c4 ,extension and      
phaseout of production credits for      
certain other facilities  7a7 ,in       
general  7#a7 ,extension ,paragraphs    
7#b71 7#c71 7#d71 7#f71 7#g71 7#i71 and 
7#aa7 of section #de7;d7 of the         
,internal ,revenue ,code of #aihf are   
each amended by striking ,january #a1   
#bjag and inserting ,january #a1 #bjbb4 
7#b7 ,phaseout ,subsection 7b7 of       
section #de of such ,code is amended by 
adding at the end the following new     
paragraph3  7#f7 ,phaseout of credit for
 certain other facilities ,in the case  
of any facility described in paragraph  
7#b71 7#c71 7#d71 7#f71 7#g71 7#i71 or  
7#aa7 of subsection 7d71 the amount of  

the credit determined under subsection  
7a7 7determined after the application of
 paragraphs 7#a71 7#b71 and 7#c7 and    
without regard to this paragraph7 shall 
be reduced by--  7,a7 in the case of any
 facility the construction of which     
begins after the enactment of the       
,renewable ,electricity ,tax ,credit    
,equalization ,act and before ,january  
#a1 #bjah1 #bj percent1  7,b7 in the    
case of any facility the construction of
 which begins after ,december #ca1      
#bjag1 and before ,january #a1 #bjai1   
#dj percent1 and  7,c7 in the case of   
any facility the construction of which  
begins after ,december #ca1 #bjah1 and  
before ,january #a1 #bjbb1 #fj percent4 
4  7b7 ,effective date ,the amendments  
made by this section shall take effect  
on the date of the enactment of this    
,act4