,i  #aaf? ,,congress  #a/ ,session  ,h4 
,r4 #eebc  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,decemb] #ai1         
#bjai,mr4 ,re$ 7= himself1 ,mr4         
,panetta1 ,mr4 ,la,hood1 ,mr4 ,suozzi1  
,mr4 ,got!im]1 & ,mr4 ,s*weik]t7        
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,ways & ,means  ,a     
,,bill  ,to am5d ! ,int]nal ,rev5ue     
,code ( #aihf to provide inve/m5t &     
production tax cr$its = em]g+ en]gy     
te*nologies1 & = o!r purposes4  #a4     
,%ort title ,?is ,act may be cit$ z !   
,en]gy ,sector ,innovation ,cr$it ,act (
 #bjai4  #b4 ,purposes ,! en]gy sector  
innovation cr$it is a te*nology-neutral 
approa* t w\ld lev]age new private      
inve/m5t 9 nasc5t clean te*nologies1    
help cutt+-edge te*nologies break into !
 m>ket1 & !n naturally phas$[n z ea*    
te*nology proves comm]cial viability4 ,x
 c\ld br+ ab\t ! new te*nologies ne$$ to
 quickly & *eaply r$uce global          
emissions4 ,! innovation ,,esic         
inc5tivizes is key to a /rong en]gy     

supply plus w help address ! climate &  
environm5tal *all5ge ( ?is g5]ation4 ,! 
,unit$ ,/ates mu/ lead on clean en]gy   
te*nology developm5t4  #c4 ,inve/m5t    
cr$it = em]g+ en]gy te*nology  7a7 ,9   
g5]al ,subp>t ,e ( "p ,,iv ( sub*apt] ,a
 ( *apt] #a ( ! ,int]nal ,rev5ue ,code (
 #aihf is am5d$ by ins]t+ aft] section  
#dh;,c ! foll[+ new section3  #dh;,d4   
,em]g+ en]gy te*nology cr$it  7a7 ,9    
g5]al ,= purposes ( section #df1 ! em]g+
 en]gy te*nology cr$it = any taxable ye>
 is an am\nt equal to #cj p]c5t ( !     
basis ( any qualifi$ em]g+ en]gy prop]ty
 plac$ 9 s]vice by ! taxpay] dur+ su*   
taxable ye>4  7b7 ,c]ta9 qualifi$       
progress exp5diture rules made          
applicable ,rules simil> to ! rules (   
subsections 7c77#d7 & 7d7 ( section #df 
7z 9 effect on ! day be=e ! enactm5t ( !
 ,rev5ue ,reconciliation ,act ( #aiij7  
%all apply = purposes ( ?is section4    
7c7 ,qualifi$ em]g+ en]gy prop]ty ,=    
purposes ( ?is section-- 7#a7 ,9 g5]al  
,! t]m qualifi$ em]g+ en]gy prop]ty     

means prop]ty :i* is con/ruct$1         
recon/ruct$1 erect$1 or acquir$ by !    
taxpay]1 & ! orig9al use ( :i* comm5ces 
) ! taxpay]1 :i* is--  7,a7 a qualifi$  
production facility 7z def9$ 9 section  
#de,t7d71 det]m9$ )\t reg>d to p>agraph 
7#b7 !re(7 :i* is a ti] #a facility 7z  
def9$ 9 section #de,t7e77#a771 or  7,b7 
prop]ty :i* is plac$ 9 s]vice at & us$ 9
 connection ) an exi/+ electric g5]at+  
facility :i* is a po9t s\rce ( air      
pollutants & :i*1 ) respect to su*      
facility--  7i7 conta9s equipm5t :i* c  
sep>ate & seque/]-- 7,i7 n less ?an #fj 
p]c5t ( su* facility's maximum h\rly    
c>bon oxide emission rate1 &  7,,ii7 n  
less ?an #ajj1jjj metric tons ( qualifi$
 c>bon oxide 7z def9$ 9 section         
#de,q7c77 annually1 &  7ii7 places su*  
c>bon oxide 9 secure geological /orage  
7z det]m9$ "u section #de,q7f77#b774    
7#b7 ,d5ial ( d\ble b5efit ,su* t]m %all
 n include--  7,a7 any prop]ty :i*1     
7,b7 prop]ty any portion ( :i*1 or  7,c7
 prop]ty plac$ 9 s]vice at & us$ 9      

connection ) a facility :i*1  has be5   
treat$ z a qualifi$ facility = purposes 
( section #de7;d71 z an advanc$ nucle>  
p[] facility = purposes ( section       
#de;,j1 z a qualifi$ facility = purposes
 ( section #de,q1 z a qualifi$          
production facility = purposes ( section
 #de,t1 z en]gy prop]ty = purposes (    
section #dh1 or z a qualifi$ inve/m5t = 
purposes ( section #dh;,a1 #dh;,b1 or   
#dh;,c1 = any taxable ye>4  7#c7 ,po9t  
s\rce ,= purposes ( p>agraph 7#a77;,b71 
! t]m po9t s\rce means a megawatt-scale1
 /ation>y & non-mobile1 id5tifiable     
s\rce ( emissions t releases pollutants 
into ! atmosph]e4  7d7 ,fir/ ( its k9d  
te*nology  7#a7 ,9 g5]al ,9 ! case ( any
 qualifi$ em]g+ en]gy prop]ty :i* is !  
fir/ ( its k9d1 subsection 7a7 %all be  
appli$ by sub/itut+ #dj = #cj4  7#b7    
,fir/ ( its k9d ,prop]ty %all be treat$ 
z ! fir/ ( its k9d if su* prop]ty is #a 
( ! fir/ #c orig9al demon/rations 9 !   
,unit$ ,/ates ( a megawatt-scale        
electric p[] g5]ation facility :i*      

g5]ates rev5ue f sales ( electric p[] to
 an unrelat$ p]son 7)9 ! mean+ ( section
 #de7;e77#d774  7#c7 ,det]m9ation  7,a7 
,9 g5]al ,! ,secret>y1 9 consultation ) 
! ,secret>y ( ,en]gy1 %all develop a    
process to det]m9e :e!r qualifi$ em]g+  
en]gy prop]ty is fir/ ( its k9d4 ,su*   
process %all include a c]tification1 at 
! reque/ ( ! taxpay] be=e ! comm5cem5t (
 con/ruction1 t ! prop]ty w be treat$ z 
fir/ ( its k9d4  7,b7 ,effective p]iod (
 c]tification ,except z provid$ by !    
,secret>y1 a c]tification grant$ "u     
subp>agraph 7,a7 ) respect to any       
prop]ty %all be 9 effect = ! p]iod1 n to
 exce$ #e ye>s1 beg9n+ on ! date ( !    
c]tification & end+ on ! date           
con/ruction comm5ces ) respect to !     
prop]ty4 ,if con/ruction does n comm5ce 
)9 ! #e-ye> p]iod beg9n+ on ! date ( !  
c]tification1 ! prop]ty %all n be treat$
 z fir/ ( its k9d unless ! c]tification 
is r5ew$4  7e7 ,transf] ( cr$it by c]ta9
 public entities  7#a7 ,9 g5]al ,if1 )  
respect to a cr$it "u subsection 7a7 =  

any taxable ye>-- 7,a7 a qualifi$ public
 entity w\ld be ! taxpay] 7b = ?is      
p>agraph71 &  7,b7 su* entity elects !  
application ( ?is p>agraph = su* taxable
 ye> ) respect to all 7or any portion   
specifi$ 9 su* election7 ( su* cr$it1 ! 
eligible project p>tn] specifi$ 9 su*   
election1 & n ! qualifi$ public entity1 
%all be treat$ z ! taxpay] = purposes ( 
?is title ) respect to su* cr$it 7or su*
 portion !re(74  7#b7 ,def9itions ,=    
purposes ( ?is subsection-- 7,a7        
,qualifi$ public entity ,! t]m qualifi$ 
public entity means--  7i7 a ,f$]al1    
,/ate1 or local gov]nm5t entity1 or any 
political subdivision1 ag5cy1 or        
in/rum5tality !re(1  7ii7 a mutual or   
coop]ative electric company describ$ 9  
section #eja7;c77#ab7 or #acha7;a77#b71 
or  7iii7 a n-=-pr(it electric utility  
:i* _h or has receiv$ a loan or loan    
gu>antee "u ! ,rural ,electrification   
,act ( #aicf4  7,b7 ,eligible project   
p>tn] ,! t]m eligible project p>tn]     
means any p]son :o-- 7i7 is responsible 

=1 or p>ticipates 91 ! design or        
con/ruction ( ! qualifi$ em]g+ en]gy    
prop]ty to :i* ! cr$it "u subsection 7a7
 relates1  7ii7 is a f9ancial in/itution
 provid+ f9anc+ = ! con/ruction or      
op]ation ( su* prop]ty 7o!r ?an f9anc+  
provid$ 9 connection ) becom+ eligible =
 ! cr$it "u ?is section by reason ( ?is 
subsection71 or  7iii7 has an own]%ip   
int]e/ 9 su* prop]ty4  7#c7 ,special    
rules  7,a7 ,application to p>tn]%ips ,9
 ! case ( a cr$it "u subsection 7a7 :i* 
is det]m9$ at ! p>tn]%ip level--  7i7 = 
purposes ( p>agraph 7#a77;,a71 a        
qualifi$ public entity %all be treat$ z 
! taxpay] ) respect to su* entity's     
di/ributive %>e ( su* cr$it1 &  7ii7 !  
t]m eligible project p>tn] %all include 
any p>tn] ( ! p>tn]%ip4  7,b7 ,taxable  
ye> 9 :i* cr$it tak5 into acc\nt ,9 !   
case ( any cr$it 7or portion !re(7 )    
respect to :i* an election is made "u   
p>agraph 7#a71 su* cr$it %all be tak5   
into acc\nt 9 ! fir/ taxable ye> ( !    
eligible project p>tn] end+ )1 or aft]1 

! qualifi$ public entity's taxable ye> )
 respect to :i* ! cr$it 0 det]m9$4  7,c7
 ,treatm5t ( transf] "u private use     
rules ,= purposes ( section             
#ada7;b77#a71 any b5efit d]iv$ by an    
eligible project p>tn] 9 connection ) an
 election "u ?is subsection %all n be   
tak5 into acc\nt z a private bus9ess    
use4  7f7 ,c]ta9 rules n applicable     
,p>agraphs 7#c7 & 7#d7 ( section #ej7;d7
 %all n apply = purposes ( ?is section4 
4  7b7 ,special rule = proce$s (        
transf]s = mutual or coop]ative electric
 companies ,section #eja7;c77#ab77;,i7 (
 su* ,code is am5d$ by ins]t+ or        
#dh;,d7e7 aft] section #de;,j7e77#a74   
7c7 ,con=m+ am5dm5ts  7#a7 ,section #df 
( su* ,code is am5d$ by /rik+ & at ! end
 ( p>agraph 7#e71 by /rik+ ! p]iod at ! 
end ( p>agraph 7#f7 & ins]t+ 1 &1 & by  
add+ at ! end ! foll[+ new p>agraph3    
7#g7 ! em]g+ en]gy te*nology cr$it4  4  
7#b7 ,section #di7;a77#a77;,c7 ( su*    
,code is am5d$ by /rik+ & at ! end (    
clause 7iv71 by /rik+ ! p]iod at ! end (

 clause 7v7 & ins]t+ 1 &1 & by add+ at !
 end ! foll[+ new clause3  7vi7 ! basis 
( any qualifi$ em]g+ en]gy prop]ty 7z   
def9$ 9 section #dh;,d7c77#a774  4  7#c7
 ,! table ( sections = subp>t ,e ( "p   
,,iv ( sub*apt] ,a ( *apt] #a ( su*     
,code is am5d$ by ins]t+ aft] ! item    
relat+ to section #dh;,c ! foll[+ new   
item3  ,sec4 #dh;,d4 ,em]g+ en]gy       
te*nology cr$it4  4  7d7 ,effective date
 ,! am5dm5ts made by ?is section %all   
apply to prop]ty plac$ 9 s]vice 9       
taxable ye>s beg9n+ aft] ! date ( !     
enactm5t ( ?is ,act1 "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  #d4    
,production cr$it = em]g+ en]gy         
te*nology  7a7 ,9 g5]al ,subp>t ,d ( "p 
,,iv ( sub*apt] ,a ( *apt] #a ( !       
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by add+ at ! end ! foll[+ new section3  
#de,t4 ,electricity produc$ f em]g+     
en]gy te*nology  7a7 ,g5]al rule ,=     

purposes ( section #ch1 ! em]g+ en]gy   
te*nology production cr$it det]m9$ "u   
?is section = any taxable ye> beg9n+ 9 !
 cr$it p]iod ) respect to a qualifi$    
production facility ( ! taxpay] is an   
am\nt equal to ! applicable p]c5tage ( !
 less] (--  7#a7 ! annual gross receipts
 ( ! taxpay] f ! sale ( electricity     
g5]at$ at ! qualifi$ production facility
 to an unrelat$ p]son 7)9 ! mean+ (     
section #de7;e77#d77 dur+ su* taxable   
ye>1 or  7#b7 ! product (-- 7,a7 !      
national av]age :olesale price ( a      
kil[att h\r ( electricity 9 ! prec$+    
taxable ye>1 z det]m9$ by ! ,secret>y 9 
consultation ) ! ,adm9i/rator ( ! ,en]gy
 ,in=mation ,adm9i/ration1 &  7,b7 !    
numb] ( kil[att h\rs ( electricity      
produc$ at ! qualifi$ production        
facility & sold to an unrelat$ p]son 7)9
 ! mean+ ( section #de7;e77#d77 dur+ !  
taxable ye>4  7b7 ,applicable p]c5tage  
,= purposes ( subsection 7a71 !         
applicable p]c5tage is-- 7#a7 9 ! case (
 a ti] #a facility1 #fj p]c5t1  7#b7 9 !

 case ( a ti] #b facility1 #de p]c5t1   
7#c7 9 ! case ( a ti] #c facility1 #cj  
p]c5t1 &  7#d7 9 ! case ( any o!r       
facility1 z]o p]c5t4  7c7 ,cr$it p]iod  
,= purposes ( ?is section1 ! cr$it p]iod
 ) respect to any qualifi$ production   
facility is ! #aj-ye> p]iod beg9n+ ) !  
date ! facility 0 orig9ally plac$ 9     
s]vice4  7d7 ,qualifi$ production       
facility ,= purposes ( ?is section--    
7#a7 ,9 g5]al ,! t]m qualifi$ production
 facility means any electric g5]at+     
facility :i* is c]tifi$ by ! ,secret>y1 
:i* is locat$ 9 ! ,unit$ ,/ates or a    
possession ( ! ,unit$ ,/ates 7z su* t]ms
 are us$ 9 section #fch71 & :i*         
utilizes--  7,a7 any p[] conv]sion      
fuel-bas$ te*nology :i* captures &      
seque/]s at lea/ #fj p]c5t ( ! produc$  
c>bon oxide1  7,b7 any reactor design   
lic5s$ by ! ,nucle> ,regulatory         
,commission :i* produces electricity    
?r\gh nucle> fission or a fusion *a9    
reaction & :i*--  7i7 r$uces !          
high-level radioactive wa/e or sp5t     

nucle> fuel p] unit ( en]gy yield1  7ii7
 improves fuel utilization by n less ?an
 #bj p]c5t1  7iii7 decreases core damage
 frequ5cy or l>ge e>ly release frequ5cy 
by at lea/ a factor ( #aj1 or  7iv7     
increases !rmal effici5cy by n less ?an 
#bj p]c5t1 z comp>$ to exi/+ nucle>     
comm]cial te*nologies1  7,c7 any new    
te*nology or new improvem5t to te*nology
 :i* g5]ates electricity f r5ewable     
en]gy1 z def9$ 9 section #bjc7;b77#b7 ( 
! ,en]gy ,policy ,act ( #bjje1 & :i*    
g5]ates at lea/ a #bj-p]c5t increase 9 !
 conv]sion effici5cy or a #bj-p]c5t     
increase 9 ! capacity factor ( !        
facility z comp>$ ) ! comm]cial         
te*nology ( ! same type z su* te*nology 
:i* is consid]$ to be ! be/ ( its type 9
 comm]cial use1  7,d7 te*nology :i* !   
,secret>y1 9 consultation ) ! ,secret>y 
( ,en]gy1 det]m9es w\ld increase !      
te*nical res\rce pot5tial = r5ewable    
en]gy developm5t 9 ! ,unit$ ,/ates by at
 lea/ #ejj t]awatt h\rs p] ye>1 or  7,e7
 te*nology :i* ! ,secret>y1 9           

consultation ) ! ,secret>y ( ,en]gy1    
det]m9es c\ld produce electricity ) an  
emissions rate less ?an #aej;g ,co#b-;e 
p] k,wh ) a #ge-p]c5t capacity factor4  
7#b7 ,d5ial ( d\ble b5efit ,su* t]m %all
 n include any facility :i* has be5     
treat$ z a qualifi$ facility = purposes 
( section #de7;d71 z an advanc$ nucle>  
p[] facility = purposes ( section       
#de;,j1 z a qualifi$ facility = purposes
 ( section #de,q1 z en]gy prop]ty =     
purposes ( section #dh1 z a qualifi$    
inve/m5t = purposes ( section #dh;,a1   
#dh;,b1 or #dh;,c1 or z qualifi$ em]g+  
en]gy prop]ty = purposes ( section      
#dh;,d1 = any taxable ye>4  7#c7        
,co#b-;e ,! t]m ,co#b-;e means !        
quantity ( a gre5h\se gas t has a global
 w>m+ pot5tial equival5t to #a metric   
ton ( c>bon dioxide1 z det]m9$ "u table 
,a-#a ( subp>t ,a ( "p #ih ( title #dj1 
,code ( ,f$]al ,regulations1 z 9 effect 
on ! date ( enactm5t ( ?is section4     
7#d7 ,conv]sion effici5cy ,! t]m        
conv]sion effici5cy means ! fraction--  

7,a7 ! num]ator ( :i* is ! total useful 
electrical or !rmal p[] produc$ by an   
electric g5]at+ facility at normal      
op]at+ rates1 & expect$ to be consum$ 9 
its normal application1 &  7,b7 !       
d5om9ator ( :i* is ! incid5t en]gy1 :e!r
 me*anical1 radiation1 or !rmal en]gy1  
:i* is measurable at ! input ( !        
electric g5]at+ facility4  7#e7 ,en]gy  
effici5cy ,! effici5cy ( an electric    
g5]at+ facility is ! fraction-- 7,a7 !  
num]ator ( :i* is ! total useful        
electrical1 !rmal1 & me*anical p[] :i*  
is produc$ by ! facility at normal      
op]at+ rates & expect$ to be consum$ 9  
its normal op]ation1 &  7,b7 ! d5om9ator
 ( :i* is ! l[] heat+ value ( ! en]gy   
s\rces = ! facility4  7#f7 ,p]=mance    
basel9e ,n less frequ5tly ?an e #aj     
ye>s1 ! ,secret>y1 9 consultation ) !   
,secret>y ( ,en]gy1 %all e/abli% basel9e
 levels ) respect to ! types ( electric 
g5]at+ facilities & ! measures (        
p]=mance describ$ 9 p>agraph 7#a7 :i* a 
facility mu/ exce$ 9 ord] to meet !     

requirem5ts ( su* p>agraph4  7#g7       
,comm]cial te*nology ,! t]m comm]cial   
te*nology means a design t has be5      
in/all$ 9 & is be+ us$ 9 #c or m        
projects 9 ! ,unit$ ,/ates m>ketplace 9 
! same g5]al application z 9 ! electric 
g5]at+ facility1 & has be5 9 su* use 9  
at lea/ #a ( su* projects = a p]iod ( at
 lea/ #e ye>s4  7#h7 ,core damage       
frequ5cy ,! t]m core damage frequ5cy    
means ! likelihood t1 giv5 ! way a      
reactor is design$ & op]at$1 an accid5t 
c\ld cause ! fuel 9 ! reactor to be     
damag$4  7#i7 ,l>ge e>ly release        
frequ5cy ,! t]m l>ge e>ly release       
frequ5cy means ! likelihood ( a release 
into ! environm5t ( a suffici5tly l>ge  
quantity ( fission products 9 an e>ly   
en\gh "t frame to h ! pot5tial = a      
prompt fatality4  7#aj7 ,gross          
recov]able res\rce pot5tial ,! t]m gross
 recov]able res\rce pot5tial means !    
subset ( total res\rce pot5tial = any   
giv5 r5ewable en]gy res\rce )9 !        
b\nd>ies ( ! ,unit$ ,/ates economic     

exclusion zone t c be consid]$          
!oretically recov]able )\t all[+ =      
common te*nological con/ra9ts t exi/ z (
 ! mo/ rec5t date on :i* ! ,secret>y has
 e/abli%$ basel9e levels describ$ 9     
p>agraph 7#f74  7#aa7 ,te*nical res\rce 
pot5tial ,! t]m te*nical res\rce        
pot5tial means ! subset ( gross         
recov]able res\rce pot5tial = any giv5  
r5ewable en]gy res\rce t c be consid]$  
recov]able "u available te*nological    
p]=mance conditions z ( ! date ( !      
enactm5t ( ?is section :ile consid]+    
l&-use & environm5tal sit+ con/ra9ts4   
7e7 ,facility ,ti]s  7#a7 ,ti] #a       
facility ,! t]m ti] #a facility means an
 electric g5]at+ facility us+ a type (  
te*nology :i* acc\nts = less ?an #a     
p]c5t ( annual dome/ic electricity      
production 9 ! prec$+ taxable ye>1 z    
det]m9$ by ! ,secret>y on ! basis ( data
 report$ by ! ,en]gy ,in=mation         
,adm9i/ration4  7#b7 ,ti] #b facility ,!
 t]m ti] #b facility means an electric  
g5]at+ facility us+ a type ( te*nology  

:i* acc\nts = at lea/ #a p]c5t b less   
?an #b p]c5t ( annual dome/ic           
electricity production 9 ! prec$+       
taxable ye>1 z det]m9$ by ! ,secret>y on
 ! basis ( data report$ by ! ,en]gy     
,in=mation ,adm9i/ration4  7#c7 ,ti] #c 
facility ,! t]m ti] #c facility means an
 electric g5]at+ facility us+ a type (  
te*nology :i* acc\nts = at lea/ #b p]c5t
 b less ?an #c p]c5t ( annual dome/ic   
electricity production 9 ! prec$+       
taxable ye>1 z det]m9$ by ! ,secret>y on
 ! basis ( data report$ by ! ,en]gy     
,in=mation ,adm9i/ration4  7f7 ,transf] 
( cr$it by c]ta9 public entities ,rules 
simil> to ! rules ( subsection 7e7 (    
section #dh;,d %all apply = purposes (  
?is section4  7g7 ,regulations  7#a7 ,9 
g5]al ,n lat] ?an #a ye> aft] ! date ( !
 enactm5t ( ?is section1 ! ,secret>y    
%all prescribe su* regulations z may be 
necess>y or appropriate to c>ry out !   
purposes ( ?is section4 ,su* regulations
 %all include a process = mak+          
eligibility c]tifications describ$ 9    

subsection 7d77#a77;,e74  7#b7          
,c]tification ,! regulations develop$ "u
 p>agraph 7#a7 %all include a           
c]tification process "u :i* ! ,secret>y1
 9 consultation ) ! ,secret>y ( ,en]gy1 
det]m9es ! eligibility ( facilities =   
purposes ( subsection 7d77#a74  4  7b7  
,cr$it all[$ z "p ( g5]al bus9ess cr$it 
,section #ch7;b7 ( ! ,int]nal ,rev5ue   
,code ( #aihf is am5d$ by /rik+ plus at 
! end ( p>agraph 7#ca71 by /rik+ ! p]iod
 at ! end ( p>agraph 7#cb7 & ins]t+ 1   
plus1 & by add+ at ! end ! foll[+ new   
p>agraph3  7#cc7 ! em]g+ en]gy te*nology
 production cr$it det]m9$ "u section    
#de,t7a74  4  7c7 ,special rule =       
proce$s ( transf]s = mutual or          
coop]ative electric companies ,section  
#eja7;c77#ab77;,i7 ( su* ,code1 z am5d$ 
by ! prec$+ provisions ( ?is ,act1 is   
am5d$ by /rik+ or #dh;,d7e7 & ins]t+ 1  
#de,t7f71 or #dh;,d7e74  7d7 ,cl]ical   
am5dm5t ,! table ( sections = subp>t ,d 
( "p ,,iv ( sub*apt] ,a ( *apt] #a ( !  
,int]nal ,rev5ue ,code ( #aihf is am5d$ 

by add+ at ! end ! foll[+ new item3     
,sec4 #de,t4 ,electricity produc$ f     
em]g+ en]gy te*nology4  4  7e7          
,effective date ,! am5dm5ts made by ?is 
section %all apply to electricity       
produc$ & sold 9 taxable ye>s beg9n+    
aft] ! date ( ! enactm5t ( ?is ,act1 at 
facilities plac$ 9 s]vice aft] su* date 
( enactm5t4  #e4 ,en]gy cr$it = en]gy   
/orage te*nologies  7a7 ,9 g5]al        
,section #dh7;a77#b77;,a77i7 ( !        
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by /rik+ & at ! end ( subclause 7,,iii7 
& by ins]t+ aft] subclause 7,,iv7 !     
foll[+ new subclause3  7,v7 en]gy       
prop]ty describ$ 9 p>agraph             
7#c77;,a77viii71 &  4  7b7 ,en]gy /orage
 te*nologies ,section #dh7;a77#c77;,a7 (
 su* ,code is am5d$ by /rik+ or at ! end
 ( clause 7vi71 by add+ or at ! end (   
clause 7vii71 & by add+ at ! end !      
foll[+ new clause3  7viii7 equipm5t :i* 
receives1 /ores1 & deliv]s en]gy us+    
batt]ies1 compress$ air1 pump$ hydrop[]1
 hydrog5 /orage 7includ+ hydrolysis71   

!rmal en]gy /orage1 reg5]ative fuel     
cells1 fly:eels1 capacitors1            
sup]conduct+ magnets1 or o!r te*nologies
 id5tifi$ by ! ,secret>y1 9 consultation
 ) ! ,secret>y ( ,en]gy1  4  7c7        
,national limitation relat+ to en]gy    
/orage prop]ty ,section #dh7;a77#e7 (   
su* ,code is am5d$ by add+ at ! end !   
foll[+ new subp>agraph3  7,f7 ,national 
limitation relat+ to en]gy /orage       
prop]ty  7i7 ,9 g5]al ,! am\nt ( cr$it  
:i* 7b = ?is subsection7 w\ld be all[$ )
 respect to all equipm5t describ$ 9     
subsection 7a77#c77;,a77viii7 = any     
taxable ye> %all n exce$ ! national     
megawatt capacity limitation = en]gy    
/orage prop]ty allocat$ to ! project (  
:i* su* equipm5t is a "p4  7ii7 ,am\nt (
 national cr$it limitation  7,i7 ,9     
g5]al ,! aggregate am\nt ( national     
megawatt capacity limitation allocat$ to
 projects "u clause 7i7 %all n exce$    
#bj1jjj megawatts4  7,,ii7 ,limitation  
on li?ium ion electric /orage batt]ies  
,! ,secret>y %all ensure t n m ?an      

#ae1jjj megawatts ( ! national megawatt 
capacity limitation are allocat$ to     
projects = li?ium ion electric /orage   
batt]ies1 9 an ef=t to facilitate !     
deploym5t ( a div]se suite (            
te*nological designs4  7iii7 ,allocation
  7,i7 ,e/abli%m5t ( program ,n lat] ?an
 #ahj days aft] ! date ( enactm5t ( ?is 
subp>agraph1 ! ,secret>y1 9 consultation
 ) ! ,secret>y ( ,en]gy1 %all develop a 
process to allocate national megawatt   
capacity limitation "u ?is subp>agraph4 
7,,ii7 ,applications ,ea* applicant =   
allocations "u ?is subp>agraph %all     
submit an application to ! ,secret>y4 ,!
 ,secret>y %all issue a det]m9ation z   
:e!r an applicant has be5 allocat$      
national megawatt capacity limitation n 
lat] ?an #fj days aft] ! date ( !       
submission ( a complet$ application "u  
?is subclause4  7,,iii7 ,"t limit on    
beg9n+ & complet+ con/ruction ,an       
allocation ( national megawatt capacity 
limitation "u ?is clause %all be void   
unless ! taxpay] beg9s con/ruction ( !  

project n lat] ?an ! date :i* is #a ye> 
aft] ! date on :i* su* allocation is    
made & completes con/ruction ( su*      
project n lat] ?an ! date :i* #e ye>s   
aft] ! date on :i* su* con/ruction      
beg9s4  7,,iv7 ,reallocation ( unus$    
limitation ,! ,secret>y %all reallocate 
national megawatt capacity limitation 7&
 su* reallocation %all n be tak5 into   
acc\nt 9 apply+ ! limitation ( clause   
7ii77,i77 to ! ext5t t any allocation is
 void "u subclause 7,,iii7 or to ! ext5t
 t ! cr$it attributable to su*          
allocation is recaptur$ "u section      
#ej7;a74  4  7d7 ,transf] ( en]gy /orage
 prop]ty cr$it by c]ta9 public entities 
,section #dh ( su* ,code is am5d$ by    
add+ at ! end ! foll[+ new subsection3  
7e7 ,transf] ( en]gy /orage prop]ty     
cr$it by c]ta9 public entities ,9 ! case
 ( any prop]ty describ$ 9 subsection    
7a77#c77;,a77viii71 rules simil> to !   
rules ( subsection 7e7 ( section #dh;,d 
%all apply = purposes ( ?is section4  4 
7e7 ,effective date ,! am5dm5ts made by 

?is section %all apply to prop]ty plac$ 
9 s]vice 9 taxable ye>s beg9n+ aft] !   
date ( ! enactm5t ( ?is ,act1 "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