,i  #aafth ,,congress  #ast ,session    
,h4 ,r4 #eaee  ,,in ,,the ,,house ,,of  
,,representatives  ,november #ai1       
#bjai,mr4 ,schneider 7for himself1 ,mr4 
,suozzi1 ,ms4 ,snchez1 ,mr4 ,danny ,k4  
,davis of ,illinois1 ,mr4 ,beyer1 ,mr4  
,panetta1 ,mr4 ,blumenauer1 and ,ms4    
,moore7 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
 include waste energy recovery property 
in the energy credit4  #a4 ,short title 
,this ,act may be cited as the ,waste   
,heat to ,power ,investment ,tax ,credit
 ,act of #bjai4  #b4 ,inclusion of waste
 energy recovery property in energy     
credit  7a7 ,in general ,section        
#dh7;a77#c77;,a7 of the ,internal       
,revenue ,code of #aihf is amended by   
striking or at the end of clause 7vi71  
by adding or at the end of clause 7vii71
 and by adding at the end the following 
new clause3  7viii7 waste energy        
recovery property1  4  7b7 ,application 

of #cj percent credit ,section          
#dh7;a77#b77;,a77i7 of such ,code is    
amended by striking and at the end of   
subclauses 7,,iii7 and adding at the end
 the following new subclause3  7,v7     
waste energy recovery property1 and  4  
7c7 ,phaseout ,section #dh7;a7 of such  
,code is amended by adding at the end   
the following new paragraph3  7#h7      
,phaseout for waste energy recovery     
property  7,a7 ,in general ,subject to  
subparagraph 7,b71 in the case of any   
waste energy recovery property1 the     
energy percentage determined under      
paragraph 7#b7 shall be equal to--  7i7 
in the case of any property the         
construction of which begins after      
,december #ca1 #bjbd1 and before        
,january #a1 #bjbf1 #bf percent1 and    
7ii7 in the case of any property the    
construction of which begins after      
,december #ca1 #bjbe1 and before        
,january #a1 #bjbg1 #bb percent4  7,b7  
,placed in service deadline ,in the case
 of any energy property described in    

subparagraph 7,a7 which is not placed in
 service before ,january #a1 #bjbi1 the 
energy percentage determined under      
paragraph 7#b7 shall be equal to #j     
percent4  4  7d7 ,definitions ,section  
#dh7;c7 of such ,code is amended by     
adding at the end the following new     
paragraph3  7#e7 ,waste energy recovery 
property  7,a7 ,in general ,the term    
waste energy recovery property means    
property that generates electricity     
solely from heat from buildings or      
equipment if the primary purpose of such
 building or equipment is not the       
generation of electricity4  7,b7        
,capacity limitation ,the term waste    
energy recovery property shall not      
include any property which has a        
capacity in excess of #ej megawatts4    
7,c7 ,no double benefit ,any waste      
energy recovery property 7determined    
without regard to this subparagraph7    
which is part of a system which is a    
combined heat and power system property 
shall not be treated as waste energy    

recovery property for purposes of this  
section unless the taxpayer elects to   
not treat such system as a combined heat
 and power system property for purposes 
of this section4  7,d7 ,termination ,the
 term waste energy recovery property    
shall not include any property the      
construction of which does not begin    
before ,january #a1 #bjbg4  4  7e7      
,effective date ,the amendments made by 
this section shall apply to periods     
after ,december #ca1 #bjai1 under rules 
similar to the rules of section #dh7m7  
as in effect on the day before the date 
of the enactment of the ,revenue        
,reconciliation ,act of #aiij4