,i  #aafth ,,congress  #ast ,session    
,h4 ,r4 #dhhg  ,,in ,,the ,,house ,,of  
,,representatives  ,october #bh1        
#bjai,mr4 ,pascrell 7for himself and    
,mr4 ,king of ,new ,york7 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 extend the energy    
credit for offshore wind facilities4    
#a4 ,short title ,this ,act may be cited
 as the ,incentivizing ,offshore ,wind  
,power ,act4  #b4 ,extension of energy  
credit for offshore wind facilities  7a7
 ,in general ,section #dh7;a77#e7 of the
 ,internal ,revenue ,code of #aihf is   
amended by adding at the end the        
following3  7,f7 ,qualified offshore    
wind facilities  7i7 ,in general ,in the
 case of any qualified offshore wind    
facility-- 7,i7 subparagraph 7,c77ii7   
shall be applied by substituting        
,january #a of the applicable year 7as  
determined under subparagraph 7,f77ii77 
for ,january #a1 #bjbj1  7,,ii7         

subparagraph 7,e7 shall not apply1 and  
7,,iii7 for purposes of this paragraph1 
section #de7;d77#a7 shall be applied by 
substituting ,january #a of the         
applicable year 7as determined under    
section #dh7;a77#e77;,f77ii77 for       
,january #a1 #bjbj4  7ii7 ,applicable   
year ,for purposes of this subparagraph1
 the term applicable year means the     
later of-- 7,i7 calendar year #bjbg1 or 
7,,ii7 the calendar year subsequent to  
the first calendar year in which the    
,secretary1 in consultation with the    
,secretary of ,energy1 determines that  
the ,united ,states has increased its   
offshore wind capacity by not less than 
#c1jjj megawatts as compared to such    
capacity on ,january #a1 #bjbj4  ,for   
purposes of subclause 7,,ii71 the       
,secretary shall not include any        
increase in offshore wind capacity which
 is attributable to any facility the    
construction of which began before      
,january #a1 #bjbj4  7iii7 ,qualified   
offshore wind facility ,for purposes of 

this subparagraph1 the term qualified   
offshore wind facility means a qualified
 facility described in paragraph 7#a7 of
 section #de7;d7 which is located in the
 inland navigable waters of the ,united 
,states1 including the ,great ,lakes1 or
 in the coastal waters of the ,united   
,states1 including the territorial seas 
of the ,united ,states1 the exclusive   
economic zone of the ,united ,states1   
and the outer ,continental ,shelf of the
 ,united ,states4  7iv7 ,report on      
offshore wind capacity ,on ,january #ae1
 #bjbf1 and annually thereafter until   
the calendar year described in clause   
7ii77,,ii71 the ,secretary1 in          
consultation with the ,secretary of     
,energy1 shall issue a report to be made
 available to the public which discloses
 the increase in the offshore wind      
capacity of the ,united ,states1 as     
measured in total megawatts1 since      
,january #a1 #bjbj4  4  7b7 ,effective  
date ,the amendment made by this section
 shall apply to periods after ,december 

#ca1 #bjaf1 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