,,ii #aaeth ,,congress #ast ,session ,s4 #adji ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,june #bb1 #bjag,mr4 ,carper 7for himself and ,mr4 ,heller7 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 extend the credit for residential energy efficient property1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,technologies for ,energy ,jobs and ,security ,act of #bjag4 #b4 ,extension and phaseout of residential energy efficient property 7a7 ,extension ,section #be;,d7h7 of the ,internal ,revenue ,code of #aihf is amended by striking ,december #ca1 #bjaf 7,december #ca1 #bjba1 in the case of any qualified solar electric property expenditures and qualified solar water heating property expenditures71 and inserting ,december #ca1 #bjba4 7b7 ,phaseout 7#a7 ,in general ,paragraphs 7#c71 7#d71 and 7#e7 of section #be;,d7a7 of the ,internal ,revenue ,code of #aihf are amended by striking #cj percent each place it appears and inserting the applicable percentage4 7#b7 ,conforming amendment ,section #be;,d7g7 of the ,internal ,revenue ,code of #aihf is amended by striking paragraphs 7#a7 and 7#b7 of4 7c7 ,effective date ,the amendments made by this section shall take effect on ,january #a1 #bjag4 #c4 ,extension and phaseout of energy credit 7a7 ,credit percentage for geothermal energy property ,section #dh7;a77#b77;,a77i77,,ii7 of the ,internal ,revenue ,code of #aihf is amended by striking paragraph 7#c77;,a77i7 and inserting clause 7i7 or 7iii7 of paragraph 7#c77;,a74 7b7 ,extension of solar and thermal energy property ,section #dh7;a77#c77;,a7 of the ,internal ,revenue ,code of #aihf is amended-- 7#a7 in clause 7ii7 by striking periods ending before ,january #a1 #bjag and inserting property the construction of which begins before ,january #a1 #bjbb2 and 7#b7 in clause 7vii7 by striking periods ending before ,january #a1 #bjag and inserting property the construction of which begins before ,january #a1 #bjbb4 7c7 ,phaseout of #cj-,percent credit rate for geothermal energy property ,section #dh7;a77#f7 of the ,internal ,revenue ,code of #aihf is amended-- 7#a7 in the heading1 by inserting and geothermal after solar2 7#b7 in subparagraph 7,a71 by striking paragraph 7#c77;,a77i7 and inserting clause 7i7 or 7iii7 of paragraph 7#c77;,a72 and 7#c7 in subparagraph 7,b71 by striking property energy property described in paragraph 7#c77;,a77i7 and inserting energy property described in clause 7i7 or 7iii7 of paragraph 7#c77;,a74 7d7 ,phaseout of #cj-,percent credit rate for fiber-,optic solar1 qualified fuel cell1 and qualified small wind energy property 7#a7 ,in general ,section #dh7;a7 of the ,internal ,revenue ,code of #aihf is amended by adding the following3 7#g7 ,phaseout for fiber-optic solar1 qualified fuel cell1 and qualified small wind energy property ,in the case of any energy property described in paragraph 7#c77;,a77ii71 qualified fuel cell property1 or qualified small wind property1 the energy percentage determined under paragraph 7#b7 shall be equal to-- 7,a7 in the case of any property the construction of which begins after ,december #ca1 #bjai1 and before ,january #a1 #bjba1 #bf percent1 and 7,b7 in the case of any property the construction of which begins after ,december #ca1 #bjbj1 and before ,january #a1 #bjbb1 #bb percent4 4 7#b7 ,conforming amendment ,section #dh7;a77#b77;,a7 of the ,internal ,revenue ,code of #aihf is amended by striking paragraph 7#f7 and inserting paragraphs 7#f7 and 7#g74 7e7 ,extension of qualified fuel cell property ,section #dh7;c77#a77;,d7 of the ,internal ,revenue ,code of #aihf is amended by striking for any period after ,december #ca1 #bjaf and inserting the construction of which does not begin before ,january #a1 #bjbb4 7f7 ,extension of qualified microturbine property ,section #dh7;c77#b77;,d7 of the ,internal ,revenue ,code of #aihf is amended by striking for any period after ,december #ca1 #bjaf and inserting the construction of which does not begin before ,january #a1 #bjbb4 7g7 ,extension of combined heat and power system property ,section #dh7;c77#c77;,a77iv7 of the ,internal ,revenue ,code of #aihf is amended by striking which is placed in service before ,january #a1 #bjag and inserting the construction of which begins before ,january #a1 #bjbb4 7h7 ,extension of qualified small wind energy property ,section #dh7;c77#d77;,c7 of the ,internal ,revenue ,code of #aihf is amended by striking for any period after ,december #ca1 #bjaf and inserting the construction of which does not begin before ,january #a1 #bjbb4 7i7 ,effective date ,the amendments made by this section shall take effect on ,january #a1 #bjag4 #d4 ,waste heat to power property 7a7 ,in general 7#a7 ,introduction of waste to heat power energy property ,section #dh7;a77#c77;,a7 of the ,internal ,revenue ,code of #aihf is amended-- 7,a7 at the end of clause 7vi7 by striking or2 and 7,b7 at the end of clause 7vii7 by inserting or after the comma2 and 7,c7 by adding the following3 7viii7 waste heat to power property1 4 7#b7 ,definitions and limitations ,section #dh7;c7 of the ,internal ,revenue ,code of #aihf is amended by adding the following3 7#e7 ,waste heat to power property 7,a7 ,in general ,the term waste heat to power property means property-- 7i7 comprising a system which generates electricity through the recovery of a qualified waste heat resource1 and 7ii7 the construction of which begins before ,january #a1 #bjbb4 7,b7 ,qualified waste heat resource ,the term qualified waste heat resource means-- 7i7 exhaust heat or flared gas from an industrial process that does not have1 as its primary purpose1 the production of electricity1 and 7ii7 a pressure drop in any gas for an industrial or commercial process4 7,c7 ,limitations 7i7 ,in general ,for purposes of subsection 7a77#a71 the basis of any waste heat to power property taken into account under this section shall not exceed the excess of-- 7,i7 the basis of such property1 over 7,,ii7 the fair market value of comparable property which does not have the capacity to capture and convert a qualified waste heat resource to electricity4 7ii7 ,capacity limitation ,the term waste heat to power property shall not include any property comprising a system if such system has a capacity in excess of #ej megawatts4 4 7b7 ,effective date ,the amendments made by this section shall apply to periods after ,december #ca1 #bjaf1 in taxable years ending after such date1 under rules similar to the rules of section #dh7m7 of the ,internal ,revenue ,code of #aihf 7as in effect on the day before the date of the enactment of the ,revenue ,reconciliation ,act of #aiij74