,i  #aaf? ,,congress  #a/ ,session  ,h4 
,r4 #cbdi  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,june #ac1 #bjai ,mr4 
,?ompson ( ,cali=nia 7= himself & ,mr4  
,e/es7 introduc$ ! foll[+ bill2 :i* 0   
ref]r$ to ! ,committee on ,ways & ,means
  ,a ,,bill  ,to am5d ! ,int]nal ,rev5ue
 ,code ( #aihf to ext5d ! publicly trad$
 p>tn]%ip own]%ip /ructure to en]gy p[] 
g5]ation projects & transportation      
fuels1 & = o!r purposes4  #a4 ,%ort     
title ,?is ,act may be cit$ z ! ,f9anc+ 
,our ,en]gy ,future ,act4  #b4 ,ext5sion
 ( publicly trad$ p>tn]%ip own]%ip      
/ructure to en]gy p[] g5]ation projects1
 transportation fuels1 & relat$ en]gy   
activities  7a7 ,9 g5]al ,subp>agraph   
7,e7 ( section #ggjd7;d77#a7 ( !        
,int]nal ,rev5ue ,code ( #aihf is       
am5d$--  7#a7 by /rik+ income & ga9s    
d]iv$ f ! exploration & ins]t+ income & 
ga9s d]iv$ f ! foll[+3  7i7 ,m9]als1    
natural res\rces1 etc ,! exploration  2 
7#b7 by ins]t+ or be=e indu/rial s\rce2 
7#c7 by ins]t+ a p]iod aft] c>bon       

dioxide2 &  7#d7 by /rik+ 1 or !        
transportation or /orage & all t foll[s 
& ins]t+ ! foll[+3  7ii7 ,r5ewable en]gy
 ,! g5]ation ( electric p[] 7includ+ !  
leas+ ( tangible p]sonal prop]ty us$ =  
su* g5]ation7 exclusively utiliz+ any   
res\rce describ$ 9 section #de7;c77#a7  
or en]gy prop]ty describ$ 9 section #dh 
7det]m9$ )\t reg>d to any t]m9ation     
date71 or 9 ! case ( a facility describ$
 9 p>agraph 7#c7 or 7#g7 ( section      
#de7;d7 7det]m9$ )\t reg>d to any plac$ 
9 s]vice date or date by :i* con/ruction
 ( ! facility is requir$ to beg971 !    
accept+ or process+ ( su* res\rce4      
7iii7 ,en]gy /orage prop]ty ,! sale (   
electric p[]1 capacity1 res\rce         
adequacy1 dem& response capabilities1 or
 ancill>y s]vices t is produc$ or made  
available f any equipm5t or facility    
7op]at+ z a s+le unit or z an           
aggregation ( units7 ! pr9cipal function
 ( :i* is to--  7,i7 use me*anical1     
*emical1 electro*emical1 hydroelectric1 
or !rmal processes to /ore en]gy t 0    

g5]at$ at "o "t = conv]sion to          
electricity at a lat] "t1 or  7,,ii7    
/ore !rmal en]gy = direct use = heat+ or
 cool+ at a lat] "t 9 a mann] t avoids !
 ne$ to use electricity at t lat] "t4   
7iv7 ,comb9$ heat & p[] ,! g5]ation1    
/orage1 or di/ribution ( !rmal en]gy    
exclusively utiliz+ prop]ty describ$ 9  
section #dh7;c77#c7 7det]m9$ )\t reg>d  
to subp>agraphs 7,b7 & 7,d7 !re( & )\t  
reg>d to any plac$ 9 s]vice date74  7v7 
,r5ewable !rmal en]gy ,! g5]ation1      
/orage1 or di/ribution ( !rmal en]gy    
exclusively us+ any res\rce describ$ 9  
section #de7;c77#a7 or en]gy prop]ty    
describ$ 9 clause 7i7 or 7iii7 ( section
 #dh7;a77#c77;,a74  7vi7 ,wa/e heat to  
p[] ,! use ( recov]able wa/e en]gy1 z   
def9$ 9 section #cga7e7 ( ! ,en]gy      
,policy & ,cons]vation ,act 7#db        
,u4,s4,c4 #fcda7e77 7z 9 effect on !    
date ( ! enactm5t ( ! ,f9anc+ ,our      
,en]gy ,future ,act74  7vii7 ,r5ewable  
fuel infra/ructure ,! /orage or         
transportation ( any fuel describ$ 9    

subsection 7b71 7c71 7d71 or 7e7 (      
section #fdbf4  7viii7 ,r5ewable fuels  
,! production1 /orage1 or transportation
 ( any r5ewable fuel describ$ 9 section 
#baa7o77#a77;,j7 ( ! ,clean ,air ,act   
7#db ,u4,s4,c4 #gede7o77#a77;,j77 7z 9  
effect on ! date ( ! enactm5t ( !       
,f9anc+ ,our ,en]gy ,future ,act7 or    
section #dj;,a7d77#a74  7ix7 ,fuel d]iv$
 f captur$ c>bon oxides ,! production1  
/orage1 or transportation ( any fuel    
:i*--  7,i7 uses c>bon oxides captur$ f 
an an?ropog5ic s\rce or ! atmosph]e z   
its prim>y fe$/ock1 &  7,,ii7 is det]m9$
 by ! ,secret>y1 9 consultation ) !     
,secret>y ( ,en]gy & ! ,adm9i/rator ( ! 
,environm5tal ,protection ,ag5cy1 to    
a*ieve a r$uction ( n less ?an a #fj    
p]c5t 9 lifecycle gre5h\se gas emissions
 7z def9$ 9 section #baa7o77#a77;,h7 ( !
 ,clean ,air ,act7 comp>$ to basel9e    
lifecycle gre5h\se gas emissions 7z     
def9$ 9 section #baa7o77#a77;,c7 ( su*  
,act74  ,?is clause %all n apply to any 
fuel :i* uses z its prim>y fe$/ock c>bon

 oxide :i* is delib]ately releas$ f     
naturally occurr+ subsurface spr+s4  7x7
 ,r5ewable *emicals ,! production1      
/orage1 or transportation ( any qualify+
 r5ewable *emical 7z def9$ 9 p>agraph   
7#f774  7xi7 ,en]gy effici5t build+s ,! 
audit & in/allation ?r\gh contract or   
o!r agreem5t ( any en]gy effici5t build+
 prop]ty describ$ 9 section             
#agi;,d7c77#a74  7xii7 ,gasification )  
seque/ration ,! production ( any product
 or ! g5]ation ( electric p[] f a       
project-- 7,i7 :i* meets ! requirem5ts (
 subp>agraphs 7,a7 & 7,b7 ( section     
#dh;,b7c77#a71 &  7,,ii7 n less ?an #ge 
p]c5t ( ! total c>bon oxide emissions ( 
:i* is qualifi$ c>bon oxide 7z def9$ 9  
section #de,q7c77 :i* is dispos$ ( or   
utiliz$ z provid$ 9 p>agraph 7#g74      
7xiii7 ,c>bon capture & seque/ration    
7,i7 ,p[] g5]ation facilities ,!        
g5]ation or /orage ( electric p[]       
7includ+ associat$ income f ! sale or   
m>ket+ ( en]gy1 capacity1 res\rce       
adequacy1 & ancill>y s]vices7 produc$ f 

any p[] g5]ation facility :i* is1 or f  
any p[] g5]ation unit )91 a qualifi$    
facility :i* is describ$ 9 section      
#de,q7d7 & n less ?an #ej p]c5t 7#cj    
p]c5t 9 ! case ( a facility or unit     
plac$ 9 s]vice be=e ,janu>y #a1 #bjai7 (
 ! total c>bon oxide emissions ( :i* is 
qualifi$ c>bon oxide :i* is dispos$ ( or
 utiliz$ z provid$ 9 p>agraph 7#g74     
7,,ii7 ,o!r facilities ,! sale ( any    
good or s]vice f any facility 7o!r ?an a
 p[] g5]ation facility7 :i* is a        
qualifi$ facility describ$ 9 section    
#de,q7d7 & ! captur$ qualifi$ c>bon     
oxide 7z s def9$7 ( :i* is dispos$ ( z  
provid$ 9 p>agraph 7#g74  4  7b7        
,r5ewable *emical  7#a7 ,9 g5]al        
,section #ggjd7;d7 ( su* ,code is am5d$ 
by add+ at ! end ! foll[+ new p>agraph3 
7#f7 ,qualify+ r5ewable *emical  7,a7 ,9
 g5]al ,! t]m qualify+ r5ewable *emical 
means any r5ewable *emical 7z def9$ 9   
section #ijja ( ! ,f>m ,security &      
,rural ,inve/m5t ,act ( #bjjb 7#g       
,u4,s4,c4 #haja77-- 7i7 :i* is produc$  

by ! taxpay] 9 ! ,unit$ ,/ates or 9 a   
t]ritory or possession ( ! ,unit$       
,/ates1  7ii7 :i* is ! product (1 or    
reliant ^u1 biological conv]sion1 !rmal 
conv]sion1 or a comb9ation ( biological 
& !rmal conv]sion1 ( r5ewable biomass 7z
 def9$ 9 section #ijja7ac7 ( ! ,f>m     
,security & ,rural ,inve/m5t ,act (     
#bjjb71  7iii7 ! biobas$ cont5t ( :i* is
 #ie p]c5t or high]1  7iv7 :i* is sold  
or us$ by ! taxpay]-- 7,i7 = !          
production ( *emical products1 polym]s1 
pla/ics1 or =mulat$ products1 or  7,,ii7
 z *emicals1 polym]s1 pla/ics1 or       
=mulat$ products1  7v7 :i* is n sold or 
us$ = ! production ( any food1 fe$1 or  
fuel1 &  7vi7 :i* is-- 7,i7 acetic acid1
 acetone1 acrylic acid1 acyl glutamate1 
adipic acid1 algae oils1 algae sug>s1   
#a1d-;butan$iol 7,,bdo71 iso-butanol1   
n-butanol1 ,c#c-;,c#i aldehydes1        
,c#c-;,c#i ketones1 ,c#aj & high]       
hydroc>bons produc$ f olef9 meta!sis1   
c>boxylic acids produc$ f olef9         
meta!sis1 cellulosic sug>1 die?yl       

me?yl5e malonate1 dodecan$ioic acid     
7,,ddda71 e/]s produc$ f olef9 meta!sis1
 e?yl acetate1 e?yl5e glycol1 f>nes5e1  
#b1e-;fur&ic>boxylic acid1              
gamma-butyrolactone1 gluc>ic acid1      
hexame?yl5$iam9e 7,,hmd71 #c-;hydroxy   
propionic acid1 isoamyl5e1 iso-but5e1   
isopr5e1 isopropanol1 itaconic acid1    
lactide1 levul9ic acid1 modifi$         
vegetable oils 7oligom]s or polym]s7 z  
produc$ f olef9 meta!sis1               
polyhydroxyalkonate 7,,pha71 polylactic 
acid 7,,pla71 polye?yl5e furanoate      
7,,pef71 polye?yl5e t]eph?alate 7,,pet71
 polyitaconic acid1 polyols f vegetable 
oils1 poly7xylitan levul9ate ketal71    
#a1c-propan$iol1 #a1b-propanediol1      
rhamnolipids1 %ort & m$ium *a9 c>boxylic
 acids produc$ f ana]obic dige/ion1     
succ9ic acid1 t]eph?alic acid1 vegetable
 fatty acid d]iv$ f e?yl e/]s conta9+   
vegetable oil1 or p-,xyl5e1 or  7,,ii7  
any *emical n describ$ 9 clause 7i7 :i* 
is a *emical li/$ by ! ,secret>y =      
purposes ( ?is p>agraph4  7,b7 ,biobas$ 

cont5t ,= purposes ( subp>agraph        
7,a77iii71 ! t]m biobas$ cont5t p]c5tage
 means1 ) respect to any r5ewable       
*emical1 ! biobas$ cont5t ( su* *emical 
7express$ z a p]c5tage7 det]m9$ by te/+ 
repres5tative samples us+ ! ,am]ican    
,society = ,te/+ & ,mat]ials 7,,a/m7    
,d#fhff4  4  7#b7 ,li/ ( o!r qualify+   
r5ewable *emicals ,n lat] ?an #ahj days 
aft] ! date ( ! enactm5t ( ?is ,act1 !  
,secret>y ( ! ,treasury 7or !           
,secret>y's delegate71 9 consultation ) 
! ,secret>y ( ,agriculture1 %all e/abli%
 a program to consid] applications f    
taxpay]s = ! li/+ ( *emicals "u section 
#ggjd7;d77#f77;,a77vi77,,ii7 ( !        
,int]nal ,rev5ue ,code ( #aihf 7z add$  
by p>agraph 7#a774  7c7 ,disposal &     
utilization ( captur$ c>bon oxide       
,section #ggjd7;d7 ( su* ,code1 z am5d$ 
by subsection 7b71 is am5d$ by add+ at !
 end ! foll[+ new p>agraph3  7#g7       
,disposal & utilization ( captur$ c>bon 
oxide ,= purposes ( clauses 7xii77,,iii7
 & 7xiii77,i7 ( p>agraph 7#a77;,e71     

c>bon oxide is dispos$ ( or utiliz$ z   
provid$ 9 ?is p>agraph if su* c>bon     
oxide is-- 7,a7 plac$ into secure       
geological /orage 7z det]m9$ "u section 
#de,q7f77#b771  7,b7 us$ z a t]ti>y     
injectant 7z def9$ 9 section            
#de,q7e77#c77 9 a qualifi$ enhanc$ oil  
or natural gas recov]y project 7z def9$ 
9 section #de,q7e77#b77 & plac$ into    
secure geological /orage 7z s det]m9$71 
or  7,c7 utiliz$ 9 a mann] describ$ 9   
section #de,q7f77#e74  4  7d7 ,effective
 date ,! am5dm5ts made by ?is section   
%all take effect on ! date ( ! enactm5t 
( ?is ,act1 9 taxable ye>s end+ aft] su*
 date4