,,ii  #aaf? ,,congress  #a/ ,session    
,s4 #bbhc  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,july #be1 #bjai ,mr4  
,c>p] 7= himself & ,mr4 ,c>d97 introduc$
 ! foll[+ bill2 :i* 0 read twice &      
ref]r$ to ! ,committee on ,f9ance  ,a   
,,bill  ,to am5d ! ,int]nal ,rev5ue     
,code ( #aihf to provide an inve/m5t tax
 cr$it = wa/e heat to p[] te*nology4    
#a4 ,%ort title ,?is ,act may be cit$ z 
! ,wa/e ,heat to ,p[] ,inve/m5t ,tax    
,cr$it ,act4  #b4 ,inve/m5t cr$it = wa/e
 heat to p[] prop]ty  7a7 ,9 g5]al      
,section #dh7;a77#c77;,a7 ( ! ,int]nal  
,rev5ue ,code ( #aihf is am5d$--  7#a7  
at ! end ( clause 7vi71 by /rik+ or2    
7#b7 at ! end ( clause 7vii71 by ins]t+ 
or aft] ! comma2 &  7#c7 by add+ at !   
end ! foll[+3  7viii7 wa/e heat to p[]  
prop]ty1  4  7b7 ,def9itions &          
limitations ,section #dh7;c7 ( !        
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by add+ at ! end ! foll[+3  7#e7 ,wa/e  
heat to p[] prop]ty  7,a7 ,9 g5]al ,!   
t]m wa/e heat to p[] prop]ty means      

prop]ty--  7i7 compris+ a sy/em :i*     
g5]ates electricity ?r\gh ! recov]y ( a 
qualifi$ wa/e heat res\rce1 &  7ii7 !   
con/ruction ( :i* beg9s be=e ,janu>y #a1
 #bjbg4  7,b7 ,qualifi$ wa/e heat       
res\rce ,! t]m qualifi$ wa/e heat       
res\rce means--  7i7 exhau/ heat or fl>$
 gas f an indu/rial process t does n h1 
z its prim>y purpose1 ! production (    
electricity1 &  7ii7 a pressure drop 9  
any gas = an indu/rial or comm]cial     
process4  7,c7 ,limitations  7i7 ,9     
g5]al ,= purposes ( subsection 7a77#a71 
! basis ( any wa/e heat to p[] prop]ty  
tak5 into acc\nt "u ?is section %all n  
exce$ ! excess (--  7,i7 ! basis ( su*  
prop]ty1 ov]  7,,ii7 ! fair m>ket value 
( comp>able prop]ty :i* does n h !      
capacity to capture & conv]t a qualifi$ 
wa/e heat res\rce to electricity4  7ii7 
,capacity limitation ,! t]m wa/e heat to
 p[] prop]ty %all n include any prop]ty 
compris+ a sy/em if su* sy/em has a     
capacity 9 excess ( #ej megawatts4  4   
7c7 ,effective date ,! am5dm5ts made by 

?is section %all apply to p]iods aft] ! 
date ( enactm5t ( ?is ,act1 9 taxable   
ye>s end+ aft] su* date1 "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