,,ii #aae? ,,congress #a/ ,session ,s4 #adji ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,june #bb1 #bjag,mr4 ,c>p] 7= himself & ,mr4 ,hell]7 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,f9ance ,a ,,bill ,to am5d ! ,int]nal ,rev5ue ,code ( #aihf to ext5d ! cr$it = resid5tial en]gy effici5t prop]ty1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,te*nologies = ,en]gy ,jobs & ,security ,act ( #bjag4 #b4 ,ext5sion & phase\t ( resid5tial en]gy effici5t prop]ty 7a7 ,ext5sion ,section #be;,d7h7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by /rik+ ,decemb] #ca1 #bjaf 7,decemb] #ca1 #bjba1 9 ! case ( any qualifi$ sol> electric prop]ty exp5ditures & qualifi$ sol> wat] heat+ prop]ty exp5ditures71 & ins]t+ ,decemb] #ca1 #bjba4 7b7 ,phase\t 7#a7 ,9 g5]al ,p>agraphs 7#c71 7#d71 & 7#e7 ( section #be;,d7a7 ( ! ,int]nal ,rev5ue ,code ( #aihf are am5d$ by /rik+ #cj p]c5t ea* place x appe>s & ins]t+ ! applicable p]c5tage4 7#b7 ,con=m+ am5dm5t ,section #be;,d7g7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by /rik+ p>agraphs 7#a7 & 7#b7 (4 7c7 ,effective date ,! am5dm5ts made by ?is section %all take effect on ,janu>y #a1 #bjag4 #c4 ,ext5sion & phase\t ( en]gy cr$it 7a7 ,cr$it p]c5tage = geo!rmal en]gy prop]ty ,section #dh7;a77#b77;,a77i77,,ii7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by /rik+ p>agraph 7#c77;,a77i7 & ins]t+ clause 7i7 or 7iii7 ( p>agraph 7#c77;,a74 7b7 ,ext5sion ( sol> & !rmal en]gy prop]ty ,section #dh7;a77#c77;,a7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$-- 7#a7 9 clause 7ii7 by /rik+ p]iods end+ be=e ,janu>y #a1 #bjag & ins]t+ prop]ty ! con/ruction ( :i* beg9s be=e ,janu>y #a1 #bjbb2 & 7#b7 9 clause 7vii7 by /rik+ p]iods end+ be=e ,janu>y #a1 #bjag & ins]t+ prop]ty ! con/ruction ( :i* beg9s be=e ,janu>y #a1 #bjbb4 7c7 ,phase\t ( #cj-,p]c5t cr$it rate = geo!rmal en]gy prop]ty ,section #dh7;a77#f7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$-- 7#a7 9 ! head+1 by ins]t+ & geo!rmal aft] sol>2 7#b7 9 subp>agraph 7,a71 by /rik+ p>agraph 7#c77;,a77i7 & ins]t+ clause 7i7 or 7iii7 ( p>agraph 7#c77;,a72 & 7#c7 9 subp>agraph 7,b71 by /rik+ prop]ty en]gy prop]ty describ$ 9 p>agraph 7#c77;,a77i7 & ins]t+ en]gy prop]ty describ$ 9 clause 7i7 or 7iii7 ( p>agraph 7#c77;,a74 7d7 ,phase\t ( #cj-,p]c5t cr$it rate = fib]-,optic sol>1 qualifi$ fuel cell1 & qualifi$ small w9d en]gy prop]ty 7#a7 ,9 g5]al ,section #dh7;a7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by add+ ! foll[+3 7#g7 ,phase\t = fib]-optic sol>1 qualifi$ fuel cell1 & qualifi$ small w9d en]gy prop]ty ,9 ! case ( any en]gy prop]ty describ$ 9 p>agraph 7#c77;,a77ii71 qualifi$ fuel cell prop]ty1 or qualifi$ small w9d prop]ty1 ! en]gy p]c5tage det]m9$ "u p>agraph 7#b7 %all be equal to-- 7,a7 9 ! case ( any prop]ty ! con/ruction ( :i* beg9s aft] ,decemb] #ca1 #bjai1 & be=e ,janu>y #a1 #bjba1 #bf p]c5t1 & 7,b7 9 ! case ( any prop]ty ! con/ruction ( :i* beg9s aft] ,decemb] #ca1 #bjbj1 & be=e ,janu>y #a1 #bjbb1 #bb p]c5t4 4 7#b7 ,con=m+ am5dm5t ,section #dh7;a77#b77;,a7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by /rik+ p>agraph 7#f7 & ins]t+ p>agraphs 7#f7 & 7#g74 7e7 ,ext5sion ( qualifi$ fuel cell prop]ty ,section #dh7;c77#a77;,d7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by /rik+ = any p]iod aft] ,decemb] #ca1 #bjaf & ins]t+ ! con/ruction ( :i* does n beg9 be=e ,janu>y #a1 #bjbb4 7f7 ,ext5sion ( qualifi$ microturb9e prop]ty ,section #dh7;c77#b77;,d7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by /rik+ = any p]iod aft] ,decemb] #ca1 #bjaf & ins]t+ ! con/ruction ( :i* does n beg9 be=e ,janu>y #a1 #bjbb4 7g7 ,ext5sion ( comb9$ heat & p[] sy/em prop]ty ,section #dh7;c77#c77;,a77iv7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by /rik+ :i* is plac$ 9 s]vice be=e ,janu>y #a1 #bjag & ins]t+ ! con/ruction ( :i* beg9s be=e ,janu>y #a1 #bjbb4 7h7 ,ext5sion ( qualifi$ small w9d en]gy prop]ty ,section #dh7;c77#d77;,c7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by /rik+ = any p]iod aft] ,decemb] #ca1 #bjaf & ins]t+ ! con/ruction ( :i* does n beg9 be=e ,janu>y #a1 #bjbb4 7i7 ,effective date ,! am5dm5ts made by ?is section %all take effect on ,janu>y #a1 #bjag4 #d4 ,wa/e heat to p[] prop]ty 7a7 ,9 g5]al 7#a7 ,introduction ( wa/e to heat p[] en]gy prop]ty ,section #dh7;a77#c77;,a7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$-- 7,a7 at ! end ( clause 7vi7 by /rik+ or2 & 7,b7 at ! end ( clause 7vii7 by ins]t+ or aft] ! comma2 & 7,c7 by add+ ! foll[+3 7viii7 wa/e heat to p[] prop]ty1 4 7#b7 ,def9itions & limitations ,section #dh7;c7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by add+ ! foll[+3 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 ! con/ruction ( :i* beg9s be=e ,janu>y #a1 #bjbb4 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 7b7 ,effective date ,! am5dm5ts made by ?is section %all apply to p]iods aft] ,decemb] #ca1 #bjaf1 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