,i  #aafth ,,congress  #b;d ,session    
,h4 ,r4 #hgdc  ,,in ,,the ,,house ,,of  
,,representatives  ,november #ab1       
#bjbj,mr4 ,levin of ,california 7for    
himself1 ,mr4 ,schweikert1 ,mr4 ,tonko1 
and ,mr4 ,cook7 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 make certain energy  
tax credits fully refundable and to     
delay the tax credit phase down1 and for
 other purposes4  #a4 ,short title ,this
 ,act may be cited as the ,solar ,jobs  
,preservation ,act of #bjbj4  #b4       
,elective payment for energy property1  
electricity produced from certain       
renewable resources  7a7 ,in general    
,subchapter ,b of chapter #fe is amended
 by adding at the end the following new 
section3  #fdca4 ,elective payment for  
energy property1 electricity produced   
from certain renewable resources  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 applicable credit1 such taxpayer     
shall be treated as making a payment    
against the tax imposed by subtitle ,a  
for the taxable year equal to the amount
 of such portion4  7b7 ,definitions and 
special rules ,for purposes of this     
section-- 7#a7 ,applicable credit ,the  
term applicable credit means the energy 
credit under section #dh4  7#b7 ,timing 
,the payment described in subsection 7a7
 shall be treated as made on the later  
of the initial due date of the return of
 tax for the 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 #dh     

shall be reduced by the amount of the   
portion of such credit with respect to  
which the taxpayer makes such election4 
7e7 ,application ,this section shall    
apply to property the construction of   
which begins before ,january #a1 #bjbb4 
4  7b7 ,clerical amendment ,the table of
 sections for subchapter ,b of chapter  
#fe is amended by adding at the end the 
following new item3  ,sec4 #fdca4       
,elective payment for energy property1  
electricity produced from certain       
renewable resources4  4  7c7 ,effective 
date ,the amendments made by this       
section shall apply to property placed  
in service after the date of the        
enactment of this ,act4  #c4 ,extension 
of energy credit  7a7 ,in general       
,section #dh7;a77#f7 of the ,internal   
,revenue ,code of #aihf is amended--    
7#a7 in subparagraph 7,a7-- 7,a7 by     
striking which begins before ,january   
#a1 #bjbb and inserting which begins    
before ,january #a1 #bjbc1  7,b7 in     
clause 7i71 by striking ,january #a1    

#bjba and inserting ,january #a1 #bjbb1 
and  7,c7 in clause 7ii7-- 7i7 by       
striking ,december #ca1 #bjbj and       
inserting ,december #ca1 #bjba1 and     
7ii7 by striking ,january #a1 #bjbb and 
inserting ,january #a1 #bjbc1 and  7#b7 
in subparagraph 7,b7-- 7,a7 by striking 
,january #a1 #bjbb and inserting        
,january #a1 #bjbc1 and  7,b7 by        
striking ,january #a1 #bjbd and         
inserting ,january #a1 #bjbe4  7b7      
,effective date ,the amendments made by 
this section shall apply to property    
placed in service after the date of the 
enactment of this ,act4