,i  #aafth ,,congress  #ast ,session    
,h4 ,r4 #eaeg  ,,in ,,the ,,house ,,of  
,,representatives  ,november #ai1       
#bjai,mr4 ,blumenauer 7for himself1 ,mr4
 ,suozzi1 ,ms4 ,snchez1 ,mr4 ,danny ,k4 
,davis of ,illinois1 ,ms4 ,moore1 ,mr4  
,horsford1 ,mr4 ,beyer1 ,mr4 ,panetta1  
,ms4 ,del,bene1 and ,mr4 ,gomez7        
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    
provide for elective payments for energy
 property and electricity produced from 
certain renewable resources4  #a4 ,short
 title ,this ,act may be cited as the   
,renewable ,energy ,investment ,act of  
#bjai4  #b4 ,elective payment for energy
 property and electricity produced from 
certain renewable resources1 etc  7a7   
,in general ,subchapter ,b of chapter   
#fe of the ,internal ,revenue ,code of  
#aihf is amended by adding at the end   
the following new section3  #fdca4      
,elective payment for energy property   

and electricity produced from certain   
renewable resources1 etc  7a7 ,energy   
property ,in the case of a taxpayer     
making an election 7at such time and in 
such manner as the ,secretary may       
provide7 under this section with respect
 to any portion of an energy credit     
which would 7without regard to this     
section7 be determined under section #dh
 with respect to such taxpayer or any   
portion of a renewable electricity      
production credit which would 7without  
regard to this section7 be determined   
under section #de with respect to such  
taxpayer1 such taxpayer shall be treated
 as making a payment against the tax    
imposed by subtitle ,a for the taxable  
year equal to--  7#a7 in the case of an 
,indian tribal government 7within the   
meaning of such term for purposes of    
section #aci;,e71 the amount of such    
portion1 and  7#b7 in the case of any   
other taxpayer1 #he percent of such     
amount4  7b7 ,timing ,the payment       
described in subsection 7a7 shall be    

treated as made on the later of the due 
date of the return of tax for such      
taxable year or the date on which such  
return is filed4  7c7 ,exclusion from   
gross income ,gross income of the       
taxpayer shall be determined without    
regard to this section4  7d7 ,denial of 
double benefit ,solely for purposes of  
section #ch1 in the case of a taxpayer  
making an election under this section1  
the energy credit determined under      
section #de or the renewable electricity
 production credit determined under     
section #dh shall be reduced by the     
amount of the portion of such credit    
with respect to which the taxpayer makes
 such election4  4  7b7 ,clerical       
amendment ,the table of sections for    
subchapter ,b of chapter #fe of such    
,code is amended by adding at the end   
the following new item3  ,sec4 #fdca4   
,elective payment for energy property   
and electricity produced from certain   
renewable resources1 etc4  4  7c7       
,effective date ,the amendments made by 

this section shall apply to property    
originally placed in service after the  
date of the enactment of this ,act4