,i #aag? ,,congress #a/ ,session ,h4 ,r4 #daec ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,june #bd1 #bjba,mr4 ,mc,kinley 7= himself1 ,mr4 ,s*rad]1 ,ms4 ,t5ney1 & ,mr4 ,co/a7 introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,en]gy & ,comm]ce1 & 9 addition to ! ,committees on ,ways & ,means1 ,sci5ce1 ,space1 & ,te*nology1 ,transportation & ,infra/ructure1 ,ov]sight & ,re=m1 & ,f9ancial ,s]vices1 = a p]iod to be subsequ5tly det]m9$ by ! ,speak]1 9 ea* case = consid]ation ( su* provisions z fall )9 ! jurisdiction ( ! committee conc]n$ ,a ,,bill ,to advance clean p[] te*nology developm5t & use ?r\gh innovation & clean en]gy /&>ds1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,clean ,en]gy ,future ,?r\gh ,innovation ,act ( #bjba4 #b4 ,def9itions2 table ( cont5ts 7a7 ,def9itions ,9 ?is ,act3 7#a7 ,commission ,! t]m ,commission means ! ,f$]al ,en]gy ,regulatory ,commission4 7#b7 ,secret>y ,! t]m ,secret>y means ! ,secret>y ( ,en]gy4 7b7 ,table ( cont5ts ,! table ( cont5ts = ?is ,act is z foll[s3 ,sec4 #a4 ,%ort title4,sec4 #b4 ,def9itions2 table ( cont5ts4,title ,i--,c>bon ,capture1 ,utilization1 & ,storage,subtitle ,a--,rese>*1 ,developm5t1 & ,demon/ration = ,c>bon ,capture1 ,utilization1 & ,/orage ,technologies,sec4 #aja4 ,fossil en]gy objectives4,sec4 #ajb4 ,c>bon capture te*nologies4,sec4 #ajc4 ,c>bon /orage validation & te/+4,sec4 #ajd4 ,c>bon utilization4,sec4 #aje4 ,advanc$ en]gy sy/ems4,subtitle ,b--,deploym5t ( ,c>bon ,capture1 ,utilization1 & ,/orage ) ,comm]cial-,scale ,electricity ,g5]ation ,facilities,sec4 #aaa4 ,deploym5t ( c>bon capture1 utilization1 & /orage te*nology ) comm]cial-scale electricity g5]ation facilities4,subtitle ,c--,f$]al ,support = ,comm]cial ,deploym5t ( ,c>bon ,capture1 ,utilization1 & ,storage,sec4 #aba4 ,enhancem5t ( c>bon dioxide seque/ration cr$it4,sec4 #abb4 ,re=m ( loan gu>antee program4,sec4 #abc4 ,private activity bonds = c>bon dioxide capture facilities4,sec4 #abd4 ,ext5sion ( publicly trad$ p>tn]%ip own]%ip /ructure4,sec4 #abe4 ,production tax cr$it = c]ta9 electricity g5]ation us+ c>bon capture utilization & /orage4,sec4 #abf4 ,elective paym5t ( cr$it4,sec4 #abg4 ,all[ance ( ! c>bon oxide seque/ration cr$it aga9/ ! base erosion m9imum tax4,sec4 #abh4 ,modification ( m]*ant bank+ inve/m5t regulation4,subtitle ,d--,support = ,c>bon ,dioxide ,transportation & ,seque/ration ,infrastructure,sec4 #aca4 ,facilities = c>bon dioxide transportation & seque/ration4,sec4 #acb4 ,c>bon dioxide seque/ration utilities4,title ,,ii--,innovation 9 ,r5ewable ,en]gy1 ,en]gy ,effici5cy1 & ,storage,sec4 #bja4 ,e/abli%m5t ( te*nology p]=mance & co/ t>gets4,sec4 #bjb4 ,advanc$ innovation & comm]cialization program4,sec4 #bjc4 ,updat+ manufactur$ homes4,sec4 #bjd4 ,inve/m5t tax cr$its = en]gy batt]y /orage1 (f%ore w9d1 & c]ta9 hydrop[] te*nologies4,sec4 #bje4 ,ext5sion ( production tax cr$it = sol> & on-%ore w9d4,sec4 #bjf4 ,r5ewal ( qualify+ advanc$ en]gy project cr$it4,sec4 #bjg4 ,p]=mance-bas$ tax cr$its = comm]cial & resid5tial build+s4,sec4 #bjh4 ,ext5sion ( publicly trad$ p>tn]%ip own]%ip /ructure to r5ewable en]gy projects4,sec4 #bji4 ,manufactur] cr$it = high-effici5cy heat pumps & heat pump wat] heat]s4,sec4 #baj4 ,o!r au?orizations ( appropriations4,title ,,iii--,exi/+ & ,advanc$ ,nucle> ,p[] ,plants,sec4 #cja4 ,z]o-emissions cr$it program4,sec4 #cjb4 ,inve/m5t tax cr$it = nucle> en]gy prop]ty4,sec4 #cjc4 ,exp&+ ,f$]al clean electricity pur*as+ requirem5ts4,sec4 #cjd4 ,mod]niz+ ! ,nucle> ,regulatory ,commission4,sec4 #cje4 ,demon/ration & e>ly deploym5t ( advanc$ nucle> reactors4,sec4 #cjf4 ,au?orization ( appropriations = loan gu>antees = advanc$ nucle> facilities4,sec4 #cjg4 ,exp&+ ! production tax cr$it = nucle> p[]4,title ,,iv--,clean ,electricity ,standard,sec4 #dja4 ,c]tification ( co/-effective m>ket p5etration ( clean electricity te*nologies4,sec4 #djb4 ,f$]al clean electricity /&>d4,sec4 #djc4 ,regional clean electricity plann+ models4,sec4 #djd4 ,/&-by emission p]=mance /&>ds4,title ,v--,miscellaneous,sec4 #eja4 ,additional requirem5ts4,sec4 #ejb4 ,utilization ( qualifi$ appr5tices by con/ruction contractors4,sec4 #ejc4 ,requirem5ts applicable to tax inc5tive programs4 ,i ,c>bon ,capture1 ,utilization1 & ,/orage ,a ,rese>*1 ,developm5t1 & ,demon/ration = ,c>bon ,capture1 ,utilization1 & ,/orage ,te*nologies #aja4 ,fossil en]gy objectives ,section #ifa ( ! ,en]gy ,policy ,act ( #bjje 7#db ,u4,s4,c4 #afbia7 is am5d$-- 7#a7 9 subsection 7a77#b71 by add+ at ! end ! foll[+ subp>agraph3 7,m7 ,prev5t+1 pr$ict+1 monitor+1 & mitigat+ ! un9t5d$ leak+ ( c>bon dioxide or o!r fossil fuel-relat$ emissions into ! atmosph]e4 2 & 7#b7 by am5d+ subsection 7b7 to read z foll[s3 7b7 ,au?orization ( ,appropriations ,!re are au?oriz$ to be appropriat$ to ! ,secret>y to c>ry out fossil en]gy rese>*1 developm5t1 demon/ration1 & comm]cial application activities1 includ+ activities au?oriz$ "u ?is subtitle1 #b1bjj1jjj1jjj = ea* ( fiscal ye>s #bjbb ?r\gh #bjca4 4 #ajb4 ,c>bon capture te*nologies ,section #ifb ( ! ,en]gy ,policy ,act ( #bjje 7#db ,u4,s4,c4 #afbib7 is am5d$-- 7#a7 9 subsection 7e7-- 7,a7 9 p>agraph 7#b7-- 7i7 by /rik+ & at ! end ( subp>agraph 7,b72 7ii7 by /rik+ ! p]iod at ! end ( subp>agraph 7,c7 & ins]t+ 2 &2 & 7iii7 by add+ at ! end ! foll[+3 7,d7 te/ te*nologies t repres5t ! scale ( te*nology developm5t beyond laboratory te/+1 b n yet advanc$ to te/+ "u op]ational conditions at comm]cial scale4 2 7,b7 9 p>agraph 7#c77;,c7-- 7i7 9 clause 7i71 by ins]t+ precombu/ion1 po/combu/ion1 or oxy-combu/ion aft] facilities =2 7ii7 9 clause 7ii71 by /rik+ 2 or & ins]t+ a semicolon2 7iii7 9 clause 7iii71 by /rik+ ! p]iod at ! end & ins]t+ a semicolon2 & 7iv7 by add+ at ! end ! foll[+3 7iv7 h capability to te/ integration ( c>bon capture te*nologies ) utility-scale p[] plants2 or 7v7 h comm]cial m>ket p>ticipants1 includ+ equipm5t & te*nology suppli]s & p[] g5]ators1 involv$ 9 ! propos$ ,c5t]4 2 & 7,c7 by r$esignat+ p>agraph 7#g7 z p>agraph 7#h71 & ins]t+ aft] p>agraph 7#f7 ! foll[+3 7#g7 ,co/ %>+ ,! ,secret>y %all require co/ %>+ "u ?is subsection 9 accordance ) section #ihh7;b74 2 & 7#b7 by add+ at ! end ! foll[+3 7f7 ,au?orization ( appropriations ,!re are au?oriz$ to be appropriat$ to ! ,secret>y to c>ry out ?is section #fjj1jjj1jjj = ea* ( fiscal ye>s #bjbb ?r\gh #bjca4 4 #ajc4 ,c>bon /orage validation & te/+ ,section #ifc ( ! ,en]gy ,policy ,act ( #bjje 7#db ,u4,s4,c4 #afbic7 is am5d$-- 7#a7 9 subsection 7b71 by add+ at ! end ! foll[+3 7#d7 ,f$]al data collection ,! ,secret>y1 9 coord9ation ) o!r ,f$]al ag5cies includ+ ! ,unit$ ,/ates ,geological ,survey1 %all cont9ue & exp& ongo+ ,f$]al data collection & analysis activities relat$ to c>bon dioxide /orage1 economics1 & spatial relation%ips on a local & regional scale1 9 coord9ation ) ,/ate & regional entities4 2 & 7#b7 by am5d+ subsection 7g7 to read z foll[s3 7g7 ,au?orization ( appropriations ,!re are au?oriz$ to be appropriat$ to ! ,secret>y to c>ry out ?is section-- 7#a7 #bjj1jjj1jjj = fiscal ye> #bjba2 & 7#b7 #bej1jjj1jjj = ea* ( fiscal ye>s #bjbb ?r\gh #bjca4 4 #ajd4 ,c>bon utilization ,section #ifi;,a7d7 ( ! ,en]gy ,policy ,act ( #bjje 7#db ,u4,s4,c4 #afbih;a7d77 is am5d$ to read z foll[s3 7d7 ,au?orization ( appropriations ,!re are au?oriz$ to be appropriat$ to ! ,secret>y to c>ry out ?is section-- 7#a7 #ed1jjj1jjj = fiscal ye> #bjba2 & 7#b7 #ge1jjj1jjj = ea* ( fiscal ye>s #bjbb ?r\gh #bjca4 4 #aje4 ,advanc$ en]gy sy/ems 7a7 ,advanc$ en]gy sy/ems ,subtitle ,f ( title ,,ix ( ! ,en]gy ,policy ,act ( #bjje 7#db ,u4,s4,c4 #afbia et seq47 is fur!r am5d$ by add+ at ! end ! foll[+3 #ifi;,e4 ,advanc$ en]gy sy/ems 7a7 ,9 g5]al ,! ,secret>y %all c>ry out a program ( rese>*1 developm5t1 demon/ration1 & comm]cial application ( te*nologies t repres5t a significant *ange 9 ! me?ods us$ to g5]ate electricity f fuels & t w enable a /ep *ange 9 p]=mance1 effici5cy1 & co/ ( electricity1 & t r$uce emissions f fossil fuel p[] g5]ation 9 ! foll[+ areas3 7#a7 ,sup]critical c>bon dioxide1 ) an emphasis on develop+ directly fir$ & indirectly fir$ cycles 9 ! next #aj ye>s4 7#b7 ,advanc$ combu/ion sy/ems1 includ+ oxy-combu/ion sy/ems & *emical loop+4 7#c7 ,gasification sy/ems to enable c>bon capture1 improve effici5cy1 & r$uce capital & op]at+ co/s4 7#d7 ,!rmal cycl+ ) ramp+ or rapid black />t capabilities t d n compromise effici5cy or environm5tal p]=mance4 7#e7 ,small-scale & modul> te*nologies ) r$uc$ c>bon dioxide outputs or c>bon capture t c support increm5tal p[] g5]ation capacity ne$s4 7#f7 ,turb9es1 boil]s1 fuel cells1 or o!r sy/ems t utilize hydrog5 or ammonia d]iv$ f coal or natural gas to make electricity4 7#g7 ,sy/ems t remove #ih p]c5t or m ( ! c>bon dioxide f ! emissions ( a p[] plant4 7b7 ,priority ,9 c>ry+ out ! program "u subsection 7a71 ! ,secret>y %all give priority to pot5tially trans=mational te*nologies t w\ld enable v sub/antial improvem5ts 9 p]=mance1 effici5cy1 or co/ ( electricity z comp>$ to ! te*nology 9 exi/5ce on ! date ( enactm5t ( ?is section4 7c7 ,au?orization ( appropriations ,!re are au?oriz$ to be appropriat$ to ! ,secret>y to c>ry out ?is section #a1bge1jjj1jjj = ea* ( fiscal ye>s #bjbb ?r\gh #bjca4 4 7b7 ,te*nical am5dm5t ,! table ( cont5ts = ! ,en]gy ,policy ,act ( #bjje 7,public ,law #aji-eh2 #aai ,/at4 #fjj7 is am5d$ by add+ at ! end ( ! items relat+ to subtitle ,f ( title ,,ix ! foll[+3 ,sec4 #ifi;,e4 ,advanc$ en]gy sy/ems4 4 ,b ,deploym5t ( ,c>bon ,capture1 ,utilization1 & ,/orage ) ,comm]cial-,scale ,electricity ,g5]ation ,facilities #aaa4 ,deploym5t ( c>bon capture1 utilization1 & /orage te*nology ) comm]cial-scale electricity g5]ation facilities 7a7 ,9 g5]al ,subtitle ,b ( title ,,iv ( ! ,en]gy ,policy ,act ( #bjje 7#db ,u4,s4,c4 #aeiga et seq47 is am5d$ by add+ aft] section #dag ! foll[+3 #dah4 ,f$]al support = deploym5t ( c>bon capture1 utilization1 & /orage ) electricity g5]ation 7a7 ,9 g5]al ,subject to ! limitations 9 subsection 7b71 ! ,secret>y %all support ! deploym5t & use ( c>bon capture1 utilization1 & /orage at eligible p[] sy/ems by ent]+ into contracts = diff]5ces ) own]s or op]ators ( eligible p[] sy/ems to provide price c]ta9ty = ! sale ( ! electricity g5]at$ by1 or c>bon dioxide captur$ by1 su* eligible p[] sy/ems to ?ird p>ties4 7b7 ,limitations ,! ,secret>y may n ent] into contracts = diff]5ces "u subsection 7a7-- 7#a7 ) a t]m ( m ?an #cj ye>s2 7#b7 = ! output ( eligible p[] sy/ems ) a cumulative electricity g5]at+ capacity ( m ?an #aa gigawatts2 & 7#c7 9 a cumulative am\nt project$ to h a value exce$+ #aj1jjj1jjj1jjj4 7c7 ,application 7#a7 ,9 g5]al ,! own] or op]ator ( an eligible p[] sy/em seek+ to ent] into a contract = diff]5ces "u subsection 7a7 %all submit to ! ,secret>y an application at su* "t & 9 su* mann] z ! ,secret>y may require4 7#b7 ,crit]ia ,9 evaluat+ su* an application1 ! ,secret>y %all consid] te*nical1 f9ancial1 & o!r factors t ! ,secret>y det]m9es appropriate4 7d7 ,prioritization ,9 implem5t+ subsection 7a71 ! ,secret>y %all prioritize support+-- 7#a7 ! use ( c>bon capture1 utilization1 & /orage at eligible p[] sy/ems cov]+ div]se fossil fuel types & te*nologies1 includ+ fir/-(-a-k9d te*nology = c>bon capture1 utilization1 & /orage capacity2 & 7#b7 eligible p[] sy/ems ) at lea/ #e4e gigawatts ( cumulative electricity g5]at+ capacity t w be 9 op]ation by #bjcj1 & ensure t ! rema9+ eligible p[] sy/ems receiv+ support w be "u con/ruction by n lat] ?an #bjcj4 7e7 ,def9itions ,9 ?is section3 7#a7 ,p[] sy/em ,! t]m p[] sy/em means a comm]cial-scale electricity g5]at+ unit t utilizes fossil fuels to g5]ate electricity t is provid$ to ! electric grid or directly to a consum]4 7#b7 ,eligible p[] sy/em ,! t]m eligible p[] sy/em means a p[] sy/em t-- 7,a7 is equipp$ ) c>bon capture te*nology1 or o!rwise produces a sep>ate c>bon dioxide /ream t is suitable = utilization or /orage2 7,b7 is design$ to capture c>bon dioxide t w\ld o!rwise be emitt$ to ! atmosph]e2 & 7,c7 w utilize or /ore ! captur$ c>bon dioxide1 or has contract$ ) "o or m o!r entities to utilize or /ore ! captur$ c>bon dioxide4 4 7b7 ,cl]ical am5dm5t ,! table ( cont5ts = ! ,en]gy ,policy ,act ( #bjje is am5d$ by add+ aft] ! item relat+ to section #dag ! foll[+3 ,sec4 #dah4 ,f$]al support = deploym5t ( c>bon capture1 utilization1 & /orage ) electricity g5]ation4 4 ,c ,f$]al ,support = ,comm]cial ,deploym5t ( ,c>bon ,capture1 ,utilization1 & ,/orage #aba4 ,enhancem5t ( c>bon dioxide seque/ration cr$it 7a7 ,ext5sion ( cr$it p]iod ,section #de,q7a7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by /rik+ #ab-ye> ea* place x appe>s & ins]t+ #bj-ye>4 7b7 ,ext5sion ( qualifi$ facility con/ruction beg9n+ date ,section #de,q7d77#a7 ( su* ,code is am5d$ by /rik+ ,janu>y #a1 #bjbf & ins]t+ ,janu>y #a1 #bjcf4 7c7 ,enhancem5t ( cr$it value 7#a7 ,section #de,q7b77#a77;,a77ii77,i7 is am5d$ by /rik+ #ej & ins]t+ #he4 7#b7 ,section #de,q7b77#a77;,a77ii77,,ii7 is am5d$ by /rik+ #ce & ins]t+ #gj4 7d7 ,effective date ,! am5dm5ts made by ?is section %all apply to c>bon dioxide captur$ aft] ,decemb] #ca1 #bjbj4 #abb4 ,re=m ( loan gu>antee program ,section #agjc ( ! ,en]gy ,policy ,act ( #bjje 7#db ,u4,s4,c4 #afeac7 is am5d$-- 7#a7 by /rik+ subsection 7e7 & ins]t+ ! foll[+3 7e7 ,qualification ( facilities receiv+ tax cr$its or f9ancial assi/ance ,not)/&+ any o!r provision ( law1 a project t receives tax cr$its or o!r f9ancial assi/ance = clean coal te*nology %all n be disqualifi$ f receiv+ a gu>antee "u ?is sub*apt]4 2 & 7#b7 by ins]t+ ! foll[+ new subsection aft] subsection 7e73 7f7 ,implem5tion ,9 implem5t+ ! au?ority "u ?is section ) respect to loan gu>antees issu$ aft] ! date ( enactm5t ( ! ,clean ,en]gy ,future ,?r\gh ,innovation ,act ( #bjba1 ! ,secret>y %all-- 7#a7 adju/ fees & application requirem5ts to ! scale ( a project to ensure t ! co/s ( prep>+ & submitt+ an application are n an undue b>ri] to p>ticipation by small]1 l[] risk projects2 7#b7 ensure t program cr$it rat+ requirem5ts d n1 z appli$1 act z an ob/acle to p>ticipation 9 ! loan gu>antee program by fir/-(-a-k9d projects1 consi/5t ) ! purpose ( ! loan gu>antee program to enable debt f9anc+ = fir/-(-a-k9d projects t w\ld n o!rwise h access to comm]cial debt m>kets2 & 7#c7 = fir/-(-a-k9d projects1 cov] ! co/ ( ! gu>antee ) appropriat$ funds r ?an requir+ ! borr[] to pay "s or all ( ! co/ ( ! gu>antee "u section #agjb7;b74 4 #abc4 ,private activity bonds = c>bon dioxide capture facilities 7a7 ,9 g5]al ,section #adb7;a7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by /rik+ or at ! end ( p>agraph 7#ad71 by /rik+ ! p]iod at ! end ( p>agraph 7#ae7 & ins]t+ 1 or1 & by add+ at ! end ! foll[+ new p>agraph3 7#af7 qualifi$ c>bon dioxide capture facilities4 4 7b7 ,qualifi$ c>bon dioxide capture facility ,section #adb ( su* ,code is am5d$ by add+ at ! end ! foll[+ new subsections3 7n7 ,qualifi$ c>bon dioxide capture facility 7#a7 ,9 g5]al ,= purposes ( subsection 7a77#af71 ! t]m qualifi$ c>bon dioxide capture facility means ! eligible compon5ts ( an indu/rial c>bon dioxide facility4 7#b7 ,def9itions ,= purposes ( ?is subsection-- 7,a7 ,eligible compon5t ,! t]m eligible compon5t means1 ) respect to any indu/rial c>bon dioxide facility1 any compon5t in/all$ 9 su* facility t-- 7i7 satisfies ! requirem5ts "u p>agraph 7#c71 & 7ii7 7,i7 is us$ = ! purpose ( capture1 treatm5t & purification1 compression1 transportation1 or on-site /orage ( c>bon dioxide produc$ by su* facility1 or 7,,ii7 is integral or functionally relat$ & subord9ate to a process describ$ 9 section #dh;,b7c77#b7 7det]m9$ by sub/itut+ c>bon dioxide = c>bon monoxide74 7,b7 ,indu/rial c>bon dioxide facility 7i7 ,9 g5]al ,! t]m indu/rial c>bon dioxide facility means a facility t emits c>bon dioxide 7includ+ f any fugitive emissions s\rce7 t is creat$ z a result ( any ( ! foll[+ processes3 7,i7 ,fuel combu/ion = electricity g5]ation or o!r purposes4 7,,ii7 ,gasification = electricity g5]ation or o!r purposes4 7,,iii7 ,bio9du/rial4 7,,iv7 ,f]m5tation4 7,v7 ,any manufactur+ indu/ry describ$ 9 section #dh;,b7c77#g74 7ii7 ,exceptions ,su* t]m %all n include-- 7,i7 any geological gas facility1 or 7,,ii7 any air sep>ation unit t does n qualify z gasification equipm5t or is n a necess>y compon5t ( an oxy-fuel combu/ion process1 a sup]critical c>bon dioxide process1 or o!r advanc$ p[] sy/em4 7iii7 ,geological gas facility ,! t]m geological gas facility means a facility t-- 7,i7 produces a raw product consi/+ ( gas or mix$ gas & liquid f a geological =mation1 7,,ii7 transports or removes impurities f su* product1 or 7,,iii7 sep>ates su* product into its con/itu5t p>ts4 7#c7 ,capture & /orage requirem5t ,= purposes ( ?is subsection-- 7,a7 ,9 g5]al ,except z provid$ 9 subp>agraph 7,b71 a compon5t %all n be treat$ z meet+ ! requirem5ts ( ?is p>agraph ) respect to an indu/rial c>bon dioxide facility unless su* compon5t has a capture & /orage p]c5tage t is at lea/ #fe p]c5t4 7,b7 ,exception ,9 ! case ( an indu/rial c>bon dioxide facility ) a capture & /orage p]c5tage t is less ?an #fe p]c5t1 a compon5t ) respect to su* facility %all n be treat$ z meet+ ! requirem5ts ( ?is p>agraph unless ! p]c5tage ( ! co/ ( su* compon5t t is f9anc$ by tax-exempt bonds is n great] ?an su* capture & /orage p]c5tage4 7,c7 ,capture & /orage p]c5tage 7i7 ,9 g5]al ,! capture & /orage p]c5tage %all be an am\nt1 express$ z a p]c5tage1 equal to ! quoti5t (-- 7,i7 ! total metric tons ( c>bon dioxide annually captur$1 transport$1 & inject$ into a facility = geologic /orage1 or an enhanc$ oil or gas recov]y well foll[$ by geologic /orage1 divid$ by 7,,ii7 ! total metric tons ( c>bon dioxide :i* w\ld o!rwise be releas$ into ! atmosph]e ea* ye> z indu/rial emission ( gre5h\se gas if ! compon5t 7 n in/all$ 9 ! indu/rial c>bon dioxide facility4 7ii7 ,limit$ application ( eligible compon5ts ,9 ! case ( eligible compon5ts t are design$ to capture c>bon dioxide solely f specific s\rces ( emissions or portions !re( )9 an indu/rial c>bon dioxide facility1 ! capture & /orage p]c5tage "u ?is subp>agraph %all be det]m9$ bas$ only on su* specific s\rces ( emissions or portions !re(4 7o7 ,o!r requirem5ts 7#a7 ,an issue %all n be treat$ z an issue "u subsection 7a7 unless ea* entity t receives "s or all ( ! proce$s f ! issue = con/ruction1 alt]ation or repair "w agrees t su* "w %all be p]=m$ 9 accordance ) ! requirem5ts ( sub*apt] ,,iv ( *apt] #ca ( title #dj1 ,unit$ ,/ates ,code4 7#b7 ,) respect to en=cem5t ( ! requirem5ts 9 p>agraph 7#a71 rules simil> to rules ( section #ejc7;c7 ( ! ,clean ,en]gy ,future ,?r\gh ,innovation ,act ( #bjba %all be appli$ by sub/itut+ issu] = taxpay]4 4 7c7 ,volume cap ,section #adf7;g77#d7 ( su* ,code is am5d$ by /rik+ p>agraph 7#aa7 ( section #adb7;a7 7relat+ to high-spe$ int]city rail facilities7 & ins]t+ p>agraph 7#aa7 or p>agraph 7#af7 ( section #adb7;a74 7d7 ,cl>ification ( private bus9ess use ,section #ada7;b77#f7 ( su* ,code is am5d$ by add+ at ! end ! foll[+ new subp>agraph3 7,c7 ,cl>ification relat+ to qualifi$ c>bon dioxide capture facilities ,= purposes ( ?is subsection1 ! sale ( c>bon dioxide produc$ by a qualifi$ c>bon dioxide capture facility 7z def9$ 9 section #adb7n77 :i* is own$ by a gov]nm5tal unit %all n con/itute private bus9ess use4 4 7e7 ,effective date ,! am5dm5ts made by ?is section %all apply to obligations issu$ aft] ! date ( enactm5t ( ?is ,act4 #abd4 ,ext5sion ( publicly trad$ p>tn]%ip own]%ip /ructure 7a7 ,9 g5]al ,section #ggjd7;d77#a77;,e7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$-- 7#a7 by /rik+ income & ga9s d]iv$ f ! exploration & ins]t+ income & ga9s d]iv$ f any ( ! foll[+3 7i7 ,! exploration 1 7#b7 by /rik+ ! comma at ! end & ins]t+ a p]iod1 & 7#c7 by add+ at ! end ! foll[+3 7ii7 ,! production1 /orage1 or transportation ( any fuel :i*-- 7,i7 uses c>bon dioxide captur$ f an an?ropog5ic s\rce or ! atmosph]e z its prim>y fe$/ock1 & 7,,ii7 is det]m9$ by ! ,secret>y1 9 consultation ) ! ,secret>y ( ,en]gy & ! ,adm9i/rator ( ! ,environm5tal ,protection ,ag5cy1 to a*ieve a r$uction ( n less ?an a #fj p]c5t 9 lifecycle gre5h\se gas emissions 7z def9$ 9 section #baa7o77#a77;,h7 ( ! ,clean ,air ,act7 comp>$ to basel9e lifecycle gre5h\se gas emissions 7z def9$ 9 section #baa7o77#a77;,c7 ( su* ,act74 ,?is clause %all n apply to any fuel :i* uses z its prim>y fe$/ock c>bon dioxide :i* is delib]ately releas$ f naturally-occurr+ subsurface spr+s4 7iii7 ,! production ( any product or ! g5]ation ( electric p[] f a project-- 7,i7 :i* meets ! requirem5ts ( subp>agraphs 7,a7 & 7,b7 ( section #dh;,b7c77#a71 & 7,,ii7 n less ?an #ge p]c5t ( ! total c>bon dioxide emissions ( :i* is qualifi$ c>bon oxide 7z def9$ 9 section #de,q7c77 :i* is dispos$ ( or utiliz$ z provid$ 9 p>agraph 7#f74 7iv7 ,! g5]ation or /orage ( electric p[] 7includ+ associat$ income f ! sale or m>ket+ ( en]gy1 capacity1 res\rce adequacy1 & ancill>y s]vices7 produc$ f any p[] g5]ation facility :i* is1 or f any p[] g5]ation unit )91 a qualifi$ facility "u section #de,q7d7 & n less ?an #ej p]c5t 7#cj p]c5t 9 ! case ( a facility or unit plac$ 9 s]vice be=e ,janu>y #a1 #bjag7 ( ! total c>bon dioxide emissions ( :i* is qualifi$ c>bon oxide :i* is dispos$ ( or us$ z provid$ 9 p>agraph 7#g74 7v7 ,! sale ( any good or s]vice f any facility 7o!r ?an a p[] g5]ation facility7 :i* is a qualifi$ facility describ$ 9 section #de,q7c7 & ! captur$ qualifi$ c>bon oxide 7z s def9$7 ( :i* is dispos$ ( z provid$ 9 p>agraph 7#f74 4 7b7 ,disposal & utilization ( captur$ c>bon dioxide ,section #ggjd7;d7 ( su* ,code is am5d$ by add+ at ! end ! foll[+ new p>agraphs3 7#f7 ,disposal & utilization ( captur$ c>bon dioxide ,= purposes ( clauses 7iii77,,ii7 & 7iv7 ( p>agraph 7#a77;,e71 c>bon dioxide is dispos$ ( or us$ z provid$ 9 ?is p>agraph if su* c>bon dioxide is-- 7,a7 plac$ into secure geological /orage 7z det]m9$ "u section #de,q7f77#b771 7,b7 us$ z a t]ti>y injectant 7z def9$ 9 section #de,q7e77#c77 9 a qualifi$ enhanc$ oil or natural gas recov]y project 7z def9$ 9 section #de,q7e77#b77 & plac$ into secure geological /orage 7z s det]m9$71 7,c7 fix$ ?r\gh photosyn!sis or *emosyn!sis 7includ+ ?r\gh ! gr[+ ( algae or bact]ia71 7,d7 *emically conv]t$ to a mat]ial or *emical comp\nd 9 :i* x is securely /or$1 or 7,e7 us$ = any o!r purpose :i* ! ,secret>y det]m9es has ! pot5tial to /r5g!n or significantly develop a competitive m>ket = c>bon dioxide captur$ f man-made s\rces4 7#g7 ,o!r requirem5ts 7,a7 ,income & ga9s "u subsection 7d77#a77;,e7 %all n be treat$ z 8qualify+ income0 "u ?is section unless ! publicly trad$ p>tn]%ip provides assurances to ! ,secret>y t any con/ruction1 alt]ation1 or repair "w associat$ ) su* income & ga9s %all be p]=m$ 9 accordance ) ! requirem5ts ( sub*apt] ,,iv ( *apt] #ca ( title #dj1 ,unit$ ,/ates ,code4 7,b7 ,) respect to en=cem5t ( ! requirem5ts 9 subp>agraph 7,a71 rules simil> to rules ( section #ejc7;c7 ( ! ,clean ,en]gy ,future ,?r\gh ,innovation ,act ( #bjba %all be appli$ by sub/itut+ publicly trad$ p>tn]%ip = taxpay]4 4 7c7 ,effective date ,! am5dm5ts made by ?is section %all take effect on ! date ( ! enactm5t ( ?is ,act1 9 taxable ye>s end+ aft] su* date4 #abe4 ,production tax cr$it = c]ta9 electricity g5]ation us+ c>bon capture utilization & /orage 7a7 ,9 g5]al ,subp>t ,d ( "p ,,iv ( sub*apt] ,a ( *apt] #a ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by add+ at ! end ! foll[+ new section3 #de,u4 ,electricity produc$ us+ c>bon capture utilization & /orage te*nology 7a7 ,g5]al rule ,= purposes ( section #ch1 ! c>bon capture production cr$it = any taxable ye> is an am\nt equal to-- 7#a7 9 ! case ( a qualifi$ facility us+ fossil fuels1 ! product (-- 7,a7 ! megawatt h\rs ( electricity-- 7i7 produc$ by ! taxpay] at a qualifi$ facility dur+ ! #bj-ye> p]iod beg9n+ on ! date ! facility 0 orig9ally plac$ 9 s]vice1 & 7ii7 sold by ! taxpay] to an unrelat$ p]son dur+ ! taxable ye>1 multipli$ by 7,b7 7i7 #cj p] megawatt h\r 9 ! case ( a qualifi$ facility /or+ c>bon 9 secure geological /orage1 or 7ii7 #bd p] megawatt h\r 9 ! case ( a qualifi$ facility us+ captur$ c>bon oxide z a t]ti>y injectant 9 a qualifi$ enhanc$ oil or natural gas recov]y project1 multipli$ by 7,c7 ! disc\nt factor1 7#b7 9 ! case ( electricity g5]ation facilities us+ exclusively qualifi$ hydrog51 qualifi$ ammonia1 or qualifi$ bl5ds1 ! product (-- 7,a7 ! megawatt h\rs ( electricity-- 7i7 produc$ by ! taxpay] at a qualifi$ facility dur+ ! #bj-ye> p]iod beg9n+ on ! date ! facility 0 orig9ally plac$ 9 s]vice1 & 7ii7 sold by ! taxpay] to an unrelat$ p]son dur+ ! taxable ye>1 multipli$ by 7,b7 #ajj p] megawatt h\r4 7b7 ,def9itions ,= purposes ( ?is section3 7#a7 ,disc\nt factor ,! t]m disc\nt factor means an am\nt equal to #ij divid$ by ! annual c>bon dioxide emissions rate express$ 9 p\nds p] megawatt-h\r = a qualifi$ facility1 except t-- 7,a7 if ! annual c>bon dioxide emissions rate = a qualifi$ facility is less ?an #ij p\nds p] megawatt-h\r1 ! disc\nt factor is equal to #a1 & 7,b7 if ! annual c>bon dioxide emissions rate = a qualifi$ facility is great] #ahj p\nds p] megawatt-h\r1 ! disc\nt factor is equal to #j4 7#b7 ,qualifi$ ammonia ,! t]m qualifi$ ammonia means ammonia fuel produc$ ) less ?an #ag4e p\nds ( c>bon dioxide emissions p] million ,btu ( gross fuel heat+ value4 7#c7 ,qualifi$ bl5d ,! t]m qualifi$ bl5d means a bl5d ( qualifi$ hydrog5 or qualifi$ ammonia ) fossil fuel 9 :i* ! fossil fuel provides no m ?an #cj p]c5t ( ! heat+ value input4 7#d7 ,qualifi$ facility ,! t]m qualifi$ facility means an electricity g5]ation plant t-- 7,a7 is equipp$ ) c>bon capture equipm5t1 ! con/ruction ( :i* comm5c$ be=e ,janu>y #a1 #bjcc1 7,b7 captures c>bon oxide us+ c>bon capture equipm5t1 7,c7 /ores captur$ c>bon oxide 9 secure geological /orage or uses captur$ c>bon oxide z a t]ti>y injectant 9 a qualifi$ enhanc$ oil or natural gas recov]y project1 & 7,d7 has n be5 ! basis = a cr$it receiv$ "u section #de,q4 7#e7 ,qualifi$ hydrog5 ,! t]m qualifi$ hydrog5 means hydrog5 fuel produc$ ) less ?an #ag4e p\nds ( c>bon dioxide emissions p] million ,btu ( gross fuel heat+ value4 4 7b7 ,"p ( g5]al bus9ess cr$it ,section #ch7;b7 ( su* ,code is am5d$ by /rik+ plus at ! end ( p>agraph 7#cb71 by /rik+ ! p]iod at ! end ( p>agraph 7#cc7 & ins]t+ 1 plus1 & by add+ at ! end ! foll[+ new p>agraph3 7#cd7 ! c>bon capture production cr$it "u section #de,u7a74 4 7c7 ,cl]ical am5dm5t ,! table ( sections = subp>t ,d ( "p ,,iv ( sub*apt] ,a ( *apt] #a is am5d$ by add+ at ! end ! foll[+ new item3 ,sec4 #de,u4 ,electricity produc$ us+ c>bon capture utilization & /orage te*nology4 4 7d7 ,effective date ,! am5dm5ts made by ?is section %all apply ) respect to electricity produc$ & sold aft] ! date ( ! enactm5t ( ?is ,act4 #abf4 ,elective paym5t ( cr$it 7a7 ,sub*apt] ,b ( *apt] #fe ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by add+ at ! end ! foll[+ new section3 #fdca4 ,elective paym5t ( cr$its relat+ to c>bon oxide seque/ration 7a7 ,election ,9 ! case ( a taxpay] mak+ an election 7at su* "t & 9 su* mann] z ! ,secret>y may provide7 "u ?is section ) respect to any portion ( an applicable cr$it1 su* taxpay] %all be treat$ z mak+ a paym5t aga9/ ! tax impos$ by subtitle ,a = ! taxable ye> equal to ! am\nt ( su* portion4 7b7 ,def9itions & special rules ,= purposes ( ?is section-- 7#a7 ,gov]nm5tal entities treat$ z taxpay]s ,9 ! case ( an election "u ?is section-- 7,a7 any ,/ate or local gov]nm5t1 or a political subdivision !re(1 or 7,b7 an ,indian ,tribal gov]nm5t %all be treat$ z a taxpay] = purposes ( ?is section & det]m9+ any applicable cr$it4 7#b7 ,applicable cr$it ,! t]m applicable cr$it means ea* ( ! foll[+ cr$its t w\ld 7)\t reg>d to ?is section7 be det]m9$ ) respect to ! taxpay]3 7,a7 ,a c>bon oxide seque/ration cr$it "u section #de,q4 7,b7 ,a c>bon capture production cr$it "u section #de,u4 7#c7 ,indian tribal gov]nm5t ,! t]m ,indian ,tribal gov]nm5t %all h ! mean+ giv5 su* t]m by section #aci;,e4 7#d7 ,tim+ ,! paym5t describ$ 9 subsection 7a7 %all be treat$ z made on-- 7,a7 9 ! case ( any gov]nm5t1 or political subdivision1 to :i* p>agraph 7#a7 applies & = :i* no return is requir$ "u section #fjaa or #fjcc7;a71 ! lat] ( ! date t a return w\ld be due "u section #fjcc7;a7 if su* gov]nm5t or subdivision 7 describ$ 9 t section or ! date on :i* su* gov]nm5t or subdivision submits a claim = cr$it or refund 7at su* "t & 9 su* mann] z ! ,secret>y %all provide71 & 7,b7 9 any o!r case1 ! lat] ( ! due date ( ! return ( tax = ! taxable ye> or ! date on :i* su* return is fil$4 7#e7 ,waiv] ( special rules ,9 ! case ( an election "u ?is section1 ! det]m9ation ( any applicable cr$it %all be )\t reg>d to p>agraphs 7#c7 & 7#d77;,a77i7 ( section #ej7;b74 7#f7 ,special rule = mutual or coop]ative electric companies ,9 ! case ( a mutual or coop]ative electric company or an organization describ$ 9 section #eja7;c77#ab7 or section #acha7;a77#b71 any income receiv$ or accru$ 9 connection ) ! cr$it "u ?is section %all be treat$ z an am\nt collect$ f memb]s = ! sole purpose ( meet+ losses & exp5ses4 7c7 ,exclusion f gross income ,gross income ( ! taxpay] %all be det]m9$ )\t reg>d to ?is section4 7d7 ,d5ial ( d\ble b5efit ,solely = purposes ( section #ch1 9 ! case ( a taxpay] mak+ an election "u ?is section1 ! applicable cr$it %all be r$uc$ by ! am\nt ( ! portion ( su* cr$it ) respect to :i* ! taxpay] makes su* election4 4 7b7 ,cl]ical am5dm5t ,! table ( sections = sub*apt] ,b ( *apt] #fe is am5d$ by add+ at ! end ! foll[+ new item3 ,sec4 #fdca4 ,elective paym5t ( cr$its relat$ to c>bon oxide seque/ration4 4 #abg4 ,all[ance ( ! c>bon oxide seque/ration cr$it aga9/ ! base erosion m9imum tax 7a7 ,9 g5]al ,section #ei;,a7b7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$-- 7#a7 9 p>agraph 7#a77;,b77ii77,i71 by ins]t+ & ! c>bon dioxide seque/ration cr$it det]m9$ "u section #de,q aft] section #da7;a71 & 7#b7 9 p>agraph 7#a77;,b77i71 by ins]t+ 7o!r ?an ! cr$it all[$ "u section #ch = ! taxable ye> :i* is prop]ly allocable to ! cr$it = c>bon oxide seque/ration det]m9$ "u section #de,q7 aft] cr$its all[$ "u ?is *apt]4 7b7 ,effective date ,! am5dm5ts made by ?is section %all take effect z if includ$ 9 section #daaai ( ! ,bip>tisan ,budget ,act ( #bjah4 #abh4 ,modification ( m]*ant bank+ inve/m5t regulation 7a7 ,ext5d$ hold+ p]iod = c>bon capture projects ,section #d7;c7 ( ! ,bank ,hold+ ,company ,act ( #aief 7#ab ,u4,s4,c4 #ahdc7;c77 is am5d$ by ins]t+ aft] p>agraph 7#ad7 ! foll[+ new p>agraph3 7#ae7 %>es own$ directly or indirectly 9 a company t is ! p]son to :om ! cr$it = c>bon oxide seque/ration 9 section #de,q ( ! ,int]nal ,rev5ue ,code ( #aihf is attributable pursuant to subsection 7f77#c7 ( su* section1 b su* %>es %all be dispos$ ( )9 a p]iod ( "t t equals ! sum ( ! numb] ( ye>s 9 subsection 7a77#c77;,a7 ( su* section & ! numb] ( ye>s 9 ! recapture p]iod z def9$ 9 su* section or regulations or o!r guidance prescrib$ "u su* section4 4 7b7 ,effective date ,! am5dm5ts made by ?is section %all apply to taxable ye>s beg9n+ aft] ,decemb] #ca1 #bjbj4 ,d ,support = ,c>bon ,dioxide ,transportation & ,seque/ration ,infra/ructure #aca4 ,facilities = c>bon dioxide transportation & seque/ration 7a7 ,9 g5]al ,subtitle ,b ( title ,,iv ( ! ,en]gy ,policy ,act ( #bjje 7#db ,u4,s4,c4 #aeiga et seq47 is fur!r am5d$ by add+ aft] section #dah 7z add$ by ?is ,act7 ! foll[+3 #dai4 ,secur+ geologic res]voirs = /orage ( c>bon dioxide 7a7 ,9 g5]al ,! ,secret>y %all c>ry out a program to-- 7#a7 id5tify geological =mations t are capable ( seque/]+1 cumulatively1 at lea/ #bej1jjj1jjj tons ( c>bon dioxide ) a t>get co/ ( less ?an #aj p] ton2 7#b7 assess ! co/ ( develop+ & op]at+ c>bon dioxide seque/ration facilities at ! geological =mations id5tifi$ "u p>agraph 7#a72 & 7#c7 support ! developm5t ( su* c>bon dioxide seque/ration facilities by provid+ grants or o!r appropriate f9ancial assi/ance to c>bon dioxide seque/ration facility develop]s to-- 7,a7 secure prop]ty rights t are necess>y to enable c>bon dioxide seque/ration 9 su* geologic =mations2 & 7,b7 obta9 necess>y p]mits & approval to enable c>bon dioxide seque/ration 9 su* geologic =mations4 7b7 ,geographic div]sity ,! ,secret>y %all c>ry out subsection 7a7 ) ! goal ( support+ developm5t ( c>bon dioxide seque/ration facilities t are capable ( /or+ significant volumes ( c>bon dioxide at reasonable co/s 9 ea* ( ! regions cov]$ by ! regional c>bon seque/ration p>tn]%ips e/abli%$ by ! ,secret>y4 7c7 ,application ,an entity seek+ a grant or o!r appropriate f9ancial assi/ance provid$ "u subsection 7a77#c7 %all submit to ! ,secret>y an application at su* "t & 9 su* mann] z ! ,secret>y may require4 7d7 ,co/ %>+ ,! ,secret>y %all consid] ! activities describ$ "u subsection 7a77#c7 to be subject to ! co/ %>e requirem5t = demon/ration & comm]cial application activities "u section #ihh7;c74 #dbj4 ,c>bon dioxide seque/ration infra/ructure developm5t 7a7 ,9 g5]al ,! ,secret>y %all c>ry out a program to provide grants to support-- 7#a7 ! developm5t ( c>bon dioxide pipel9e infra/ructure t is necess>y to support ! transportation ( ! volumes ( c>bon dioxide t are expect$ to be captur$ at electricity g5]ation facilities to appropriate sites = long t]m seque/ration2 & 7#b7 ! developm5t ( geologic seque/ration facilities t are necess>y to support long-t]m seque/ration ( ! volumes ( c>bon dioxide t are expect$ to be captur$ at electricity g5]ation facilities4 7b7 ,application ,applications = a grant provid$ "u ?is section %all be submitt$ at su* "t & 9 su* mann] z ! ,secret>y may require4 7c7 ,priority ,! ,secret>y %all prioritize provid+ grants "u subsection 7a77#a7 to support pipel9e infra/ructure t is ( significant l5g? & significant ?r\ghput capacity4 7d7 ,co/ %>+ ,! ,secret>y %all consid] ! grants provid$ "u subsection 7a7 to be subject to ! co/ %>e requirem5t = demon/ration & comm]cial application activities "u section #ihh7;c74 7e7 ,au?orization ( appropriations ,!re are au?oriz$ to be appropriat$ to ! ,secret>y to c>ry out ?is section & section #dai #b1jjj1jjj1jjj = ea* ( fiscal ye>s #bjbb ?r\gh #bjca4 4 7b7 ,cl]ical am5dm5t ,! table ( cont5ts = ! ,en]gy ,policy ,act ( #bjje is fur!r am5d$ by add+ aft] ! item relat+ to section #dah 7z add$ by ?is ,act7 ! foll[+3 ,sec4 #dai4 ,secur+ geologic res]voirs = /orage ( c>bon dioxide4 ,sec4 #dbj4 ,c>bon dioxide seque/ration infra/ructure developm5t4 4 #acb4 ,c>bon dioxide seque/ration utilities 7a7 ,9 g5]al ,! ,secret>y1 9 collaboration ) ! ,secret>y ( ,transportation & ! ,adm9i/rator ( ! ,environm5tal ,protection ,ag5cy1 z appropriate1 may provide te*nical assi/ance to a ,/ate t is seek+ to-- 7#a7 e/abli% a gov]nm5t-own$ c>bon dioxide seque/ration utility2 or 7#b7 regulate a privately own$ c>bon dioxide seque/ration utility4 7b7 ,te*nical assi/ance ,te*nical assi/ance provid$ "u subsection 7a7 may include-- 7#a7 ) respect to a gov]nm5t-own$ c>bon dioxide seque/ration utility-- 7,a7 conduct+ eng9e]+ /udies to support ! developm5t ( a c>bon dioxide seque/ration facility2 & 7,b7 id5tify+ pot5tial c>bon dioxide transportation r\tes2 & 7#b7 ) respect to ,/ate regulation ( a privately own$ c>bon dioxide seque/ration utility-- 7,a7 help+ ) develop+ regulations = any privately own$ c>bon dioxide seque/ration utility1 includ+ ) respect to ! developm5t ( a p]mitt+ sy/em2 & 7,b7 assi/+ ) develop+ regulations =-- 7i7 s]vices provid$ by a privately own$ c>bon dioxide seque/ration utility2 & 7ii7 ! sett+ ( rates *>g$ = su* s]vices4 7c7 ,report ,n lat] ?an #a ye> aft] ! date ( enactm5t ( ?is section1 ! ,secret>y %all submit to ,congress a report t-- 7#a7 *>act]izes ,f$]al1 ,/ate1 & local regulations t apply to ! developm5t & op]ation ( c>bon dioxide transportation infra/ructure & seque/ration facilities2 7#b7 id5tifies any gaps 9 applicable regulations t ne$ to be address$ to ensure ! safe & effective op]ation ( c>bon dioxide transportation infra/ructure & seque/ration facilities2 7#c7 evaluates :e!r regulation ( ! rates & t]ms ( s]vice = c>bon dioxide transportation s]vice or seque/ration s]vice is necess>y to ensure fair access to su* s]vices2 7#d7 evaluates :e!r ! use ( ! "r ( em95t doma9 to develop c>bon dioxide transportation infra/ructure & seque/ration facilities is consi/5t ) ! public int]e/2 & 7#e7 provides any recomm5d$ *anges to ,f$]al law t w\ld support ! developm5t & use ( c>bon dioxide transportation infra/ructure & seque/ration facilities consi/5t ) ! public int]e/4 7d7 ,c>bon dioxide seque/ration utility def9$ ,! t]m c>bon dioxide seque/ration utility means any organization t provides c>bon dioxide transportation or seque/ration s]vice4 ,,ii ,innovation 9 ,r5ewable ,en]gy1 ,en]gy ,effici5cy1 & ,/orage #bja4 ,e/abli%m5t ( te*nology p]=mance & co/ t>gets 7a7 ,9 g5]al ,n lat] ?an #a ye> aft] ! date ( enactm5t ( ?is section1 ! ,secret>y %all e/abli% te*nology p]=mance & co/ t>gets = ?ree consecutive #e-ye> p]iods to address exi/+ gaps 9 te*nology1 ) ! fir/ su* p]iod />t+ on ! date ( enactm5t ( ?is section & ! la/ su* p]iod end+ on ! date t is #ae ye>s foll[+ su* date ( enactm5t4 7b7 ,t>gets ,te*nology & p]=mance co/ t>gets %all be e/abli%$ = ea* ( ! foll[+ te*nology categories3 7#a7 ,advanc$ r5ewable p[] te*nologies1 :i* include-- 7,a7 l>ge-scale1 novel r5ewable p[] plants2 7,b7 r5ewable hydrog5 p[] plants1 includ+ plants = :i* ! hydrog5 comes f r5ewable natural gas or biogas2 7,c7 on-%ore or (f-%ore w9d p[]2 7,d7 !rmal or photovoltaic sol> p[]2 7,e7 hydrop[]2 7,f7 geo!rmal p[]2 7,g7 biomass p[]2 & 7,h7 advanc$ r5ewable en]gy manufactur+ te*niques4 7#b7 ,me*anical1 *emical1 & !rmal en]gy /orage te*nologies1 :i* include-- 7,a7 advanc$ grid-scale en]gy /orage te*nologies ) /orage durations 9 ! range ( #aj to #ej h\rs2 & 7,b7 grid-scale en]gy /orage projects t c economically balance electricity supply & dem& across seasons4 7#c7 ,electricity transmission te*nologies1 :i* include und]gr\nd high-voltage direct curr5t electricity transmission4 7#d7 ,comm]cial1 indu/rial1 & resid5tial en]gy effici5cy te*nologies1 :i* include-- 7,a7 retr(it packages t r$uce ! en]gy us$ by an av]age s+le-family home by at lea/ #ej p]c5t at a co/ ( no m ?an #be1jjj p] su* home2 7,b7 sm>t heat+1 v5tilation1 & air condition+ control te*nologies t-- 7i7 c be us$ 9 comm]cial build+s t h betwe5 #e1jjj & #cj1jjj squ>e feet ( floor area2 7ii7 c r$uce heat+1 v5tilation1 & air condition+ en]gy consumption by an av]age ( at lea/ #bj p]c5t comp>$ to av]age comm]cial build+s2 7iii7 yield en]gy co/ sav+s t c provide at lea/ a #ej p]c5t annual return on ! orig9al inve/m5t2 & 7iv7 may include a cl\d-bas$ in=mation te*nology2 7,c7 ^? te*nologies t ! ,secret>y id5tifies z hav+ ! ability to improve en]gy effici5cy or r$uce emissions 9 heavy indu/ries1 :i* include ^? t produce or ref9e alum9um1 /eel1 cem5t1 oil1 or f]tiliz]2 & 7,d7 flexible load te*nology improvem5ts to r$uce peak dem&4 7#e7 ,indu/rial process & build+ electrification te*nologies1 :i* include-- 7,a7 heat pump space heat]s2 7,b7 heat pump wat] heat]s2 7,c7 induction /oves2 & 7,d7 advanc$ indu/rial process heat te*nologies4 #bjb4 ,advanc$ innovation & comm]cialization program 7a7 ,9 g5]al ,! ,secret>y1 9 collaboration ) ! ,national ,laboratories1 o!r ,f$]al ag5cies1 & private sector & univ]sity p>tn]s z ! ,secret>y det]m9es necess>y1 %all e/abli% a program1 to be kn[n z ! ,advanc$ ,innovation & ,comm]cialization ,program1 to c>ry out rese>*1 developm5t1 & demon/ration ( te*nology t meets ! t>gets e/abli%$ = ^? te*nologies id5tifi$ 9 section #bja7;b74 7b7 ,e>ly deploym5t 7#a7 ,9 g5]al ,! ,secret>y %all e/abli% a program to provide grants = e>ly deploym5t ( ! te*nologies demon/rat$ "u ! ,advanc$ ,innovation & ,comm]cialization program "u ?is section4 7#b7 ,au?orization ( appropriations ,!re is au?oriz$ to be appropriat$ to c>ry out ?is subsection #c1jjj1jjj1jjj = ea* ( fiscal ye>s #bjbb ?r\gh #bjca4 7c7 ,f$]al procurem5t 7#a7 ,9 g5]al ,! ,secret>y1 9 collaboration ) ! ,secret>y ( ,def5se & ! ,adm9i/rator ( ! ,g5]al ,s]vices ,adm9i/ration1 %all e/abli% ,f$]al procurem5t goals & deadl9es = a*iev+ su* goals = ^? te*nologies id5tifi$ 9 section #bja7;b74 7#b7 ,f$]al en]gy & advanc$ te*nology en]gy procurem5t ,! ,secret>y1 9 collaboration ) ! ,secret>y ( ,def5se & ! ,adm9i/rator ( ,g5]al ,s]vices1 %all-- 7,a7 ?r\gh adm9i/rative & regulatory actions1 improve ,f$]al procurem5t ( ! te*nologies describ$ 9 p>agraph 7#a72 7,b7 id5tify & report on b>ri]s to improv+ ,f$]al procurem5t ( en]gy & te*nologies t require legislative *anges2 & 7,c7 take due reg>d ( ! recomm5dations f ! #bjaf report entitl$ ,secret>y ( ,en]gy ,advisory ,bo>d ,report ( ! ,task ,=ce on ,f$]al ,en]gy ,managem5t4 7d7 ,au?orization ( appropriations ,!re are au?oriz$ to be appropriat$ to c>ry out subsection 7a7 ! foll[+3 7#a7 ,) respect to ! advanc$ r5ewable en]gy te*nologies projects describ$ 9 section #bja7;b77#a71 #b1jjj1jjj1jjj = ea* ( fiscal ye>s #bjbb ?r\gh #bjca4 7#b7 ,) respect to ! en]gy /orage te*nologies projects describ$ 9 section #bja7;b77#b71 #djj1jjj1jjj = ea* ( fiscal ye>s #bjbb ?r\gh #bjca4 7#c7 ,) respect to ! transmission te*nologies & projects describ$ 9 section #bja7;b77#c71 #fjj1jjj1jjj = ea* ( fiscal ye>s #bjbb ?r\gh #bjca4 7#d7 ,) respect to ! comm]cial1 indu/rial1 & resid5tial en]gy effici5cy te*nologies describ$ 9 section #bja7;b77#d71 #a1jjj1jjj1jjj = ea* ( fiscal ye>s #bjbb ?r\gh #bjca4 7#e7 ,) respect to ! indu/rial process & build+ electrification te*nologies describ$ 9 section #bja7;b77#e71 #a1jjj1jjj1jjj = ea* ( fiscal ye>s #bjbb ?r\gh #bjca4 #bjc4 ,updat+ manufactur$ homes 7a7 ,updat+ manufactur$ homes ,n lat] ?an "o ye> aft] ! date ( enactm5t ( ?is section1 ! ,secret>y %all e/abli% a program to provide grants & te*nical assi/ance to individuals or bus9esses to facilitate ! replacem5t ( ineffici5t manufactur$ homes ) effici5t manufactur$ homes4 7b7 ,def9itions ,9 ?is section3 7#a7 ,effici5t manufactur$ home ,! t]m effici5t manufactur$ home means a manufactur$ home = :i* ! ,en]gy ,/> label may be us$ 9 accordance ) section #cbd;,a ( ! ,en]gy ,policy & ,cons]vation ,act 7#db ,u4,s4,c4 #fbid;a74 7#b7 ,ineffici5t manufactur$ home ,! t]m ineffici5t manufactur$ home means a manufactur$ home t 0 manufactur$ be=e ,june #aigf4 7#c7 ,manufactur$ home ,! t]m manufactur$ home has ! mean+ giv5 su* t]m 9 section #fjc ( ! ,h\s+ & ,community ,developm5t ,act ( #aigd 7#db ,u4,s4,c4 #edjb74 7c7 ,au?orization ,!re is au?oriz$ to be appropriat$ to c>ry out ?is section #b1ejj1jjj1jjj = ea* ( fiscal ye>s #bjbb ?r\gh #bjca1 to rema9 available until exp5d$4 #bjd4 ,inve/m5t tax cr$its = en]gy batt]y /orage1 (f%ore w9d1 & c]ta9 hydrop[] te*nologies 7a7 ,9 g5]al ,section #dh7;a7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$-- 7#a7 by /rik+ subp>agraph 7#e77;,f71 & 7#b7 9 p>agraph 7#c77;,a71 by /rik+ or at ! end ( clause 7vii71 & by add+ at ! end ! foll[+ new clauses3 7ix7 equipm5t :i* g5]ates w9d en]gy f an (f%ore facility1 7x7 en]gy /orage equipm5t1 7xi7 eligible hydroelectric equipm5t1 or 7xii7 equipm5t :i* g5]ates geo!rmal electricity ?r\gh an enhanc$ geo!rmal sy/em1 4 7b7 ,all[ance ( #cj p]c5t cr$it 7#a7 ,9 g5]al ,section #dh7;a77#b77;,a77i77,,ii7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by /rik+ p>agraph 7#c77;,a77i7 & ins]t+ clause 7i71 7ix71 7x71 7xi71 or 7xii7 ( p>agraph 7#c77;,a74 7#b7 ,phase\t ,section #dh7;a77#f7 ( su* ,code is am5d$-- 7,a7 by /rik+ sol> en]gy 9 ! head+ & ins]t+ c]ta91 & 7,b7 by /rik+ p>agraph 7#c77;,a77i7 ea* place x appe>s & ins]t+ clause 7i71 7ix71 7x71 7xi71 or 7xii7 ( p>agraph 7#c77;,a74 7c7 ,def9itions 7#a7 ,en]gy cr$it ,section #dh7;c7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by add+ at ! end ! foll[+ new p>agraphs3 7#f7 ,qualifi$ (f%ore w9d prop]ty 7,a7 ,9 g5]al ,! t]m qualifi$ (f%ore w9d prop]ty means an (f%ore facility us+ w9d to produce electricity4 7,b7 ,(f%ore facility ,! t]m (f%ore facility means any facility locat$ 9 ! inl& navigable wat]s ( ! ,unit$ ,/ates1 includ+ ! ,great ,lakes1 or 9 ! coa/al wat]s ( ! ,unit$ ,/ates1 includ+ ! t]ritorial seas ( ! ,unit$ ,/ates1 ! exclusive economic zone ( ! ,unit$ ,/ates1 & ! out] ,cont95tal ,%elf ( ! ,unit$ ,/ates4 7#g7 ,en]gy /orage equipm5t ,! t]m en]gy /orage equipm5t means equipm5t :i* receives1 /ores1 & deliv]s en]gy us+ batt]ies1 compress$ air1 pump$ hydrop[]1 hydrog5 /orage 7includ+ hydrolysis & electrolysis71 !rmal en]gy /orage1 reg5]ative fuel cells1 fly:eels1 capacitors1 sup]conduct+ magnets1 or o!r te*nologies id5tifi$ by ! ,secret>y 9 consultation ) ! ,secret>y ( ,en]gy1 & :i* has a capacity ( n less ?an #e kil[att h\rs4 7#h7 ,eligible hydroelectric equipm5t ,! t]m eligible hydroelectric equipm5t means equipm5t us$ = ! g5]ation ( electricity in/all$ at a dam :i*-- 7,a7 0 plac$ 9 s]vice be=e ! date ( ! enactm5t ( ?is p>agraph & op]at$ = flood control1 navigation1 or wat] supply purposes & did n produce hydroelectric p[] prior to ! date ( ! enactm5t ( ?is p>agraph1 7,b7 is "p ( a project t is lic5s$ by ! ,f$]al ,en]gy ,regulatory ,commission & meets all o!r applicable environm5tal1 lic5s+1 & regulatory requirem5ts1 & 7,c7 is op]at$ s t ! wat] surface elevation at any giv5 location & "t t w\ld h occurr$ 9 ! abs5ce ( ! hydroelectric project is ma9ta9$1 subject to any lic5se requirem5ts impos$ "u applicable law t *ange ! wat] surface elevation = ! purpose ( improv+ environm5tal quality ( ! affect$ wat]way4 7#i7 ,enhanc$ geo!rmal sy/em ,! t]m enhanc$ geo!rmal sy/em means a sy/em to extract heat by creat+ a subsurface fracture sy/em to :i* wat] c be add$ ?r\gh injection wells4 4 7#b7 ,qualify+ advanc$ en]gy project cr$it ,section #dh;,c7c77#a77;,a77i77,,iv7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by ins]t+1 includ+ ?r\gh direct air capture or c>bon dioxide removal aft] emissions4 7d7 ,effective date ,! am5dm5ts made by ?is section %all apply to prop]ty plac$ 9 s]vice aft] ,decemb] #ca1 #bjbj4 #bje4 ,ext5sion ( production tax cr$it = sol> & on-%ore w9d 7a7 ,w9d ,section #de7;d77#a7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by /rik+ ,janu>y #a1 #bjbb & ins]t+ ,janu>y #a1 #bjca4 7b7 ,sol> ,section #de7;d77#d77;,a7 ( su* ,code is am5d$ by /rik+ is plac$ 9 s]vice be=e ,janu>y #a1 #bjjf & ins]t+ ! con/ruction ( :i* beg9s be=e ,janu>y #a1 #bjca4 7c7 ,application ( phase\t p]c5tage to w9d facilities ,section #de7;b77#e77;,d7 ( su* ,code is am5d$ by /rik+ ,janu>y #a1 #bjbb & ins]t+ ,janu>y #a1 #bjca4 7d7 ,effective date ,! am5dm5ts made by ?is section %all apply to facilities ! con/ruction ( :i* beg9s aft] ,decemb] #ca1 #bjbj4 #bjf4 ,r5ewal ( qualify+ advanc$ en]gy project cr$it 7a7 ,9 g5]al ,section #dh;,c7d77#b77;,a7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by /rik+ dur+ ! #b-ye> p]iod beg9n+ on ! date ! ,secret>y e/abli%es ! program "u p>agraph 7#a74 7b7 ,effective date ,! am5dm5t made by ?is section %all apply to applications receiv$ aft] ! date ( ! enactm5t ( ?is ,act4 #bjg4 ,p]=mance-bas$ tax cr$its = comm]cial & resid5tial build+s 7a7 ,9 g5]al ,subp>t ,d ( "p ,,iv ( sub*apt] ,a ( *apt] #a ( ! ,int]nal ,rev5ue ,code ( #aihf1 z am5d$ by ?is ,act1 is am5d$ by add+ at ! end ! foll[+ new section3 #de,v4 ,deep retr(its & z]o-en]gy comm]cial & resid5tial build+s 7a7 ,eligibility = tax cr$it ,= purposes ( section #ch1 9 ! case ( an eligible taxpay] :o places an eligible build+ 9 s]vice1 ! deep retr(its & z]o-en]gy comm]cial & resid5tial build+s cr$it det]m9$ "u ?is section = a taxable ye> is ! applicable am\nt ) respect to su* eligible build+4 7b7 ,eligible taxpay] 7#a7 ,9 g5]al ,= purposes ( subsection 7a71 ! t]m eligible taxpay] means1 ) respect to an eligible build+-- 7,a7 = a resid5tial build+1 ! build]1 & 7,b7 = a comm]cial build+1 ! build+ own]4 7#b7 ,transf] ( cr$it ,an eligible taxpay] :o is a build+ own] eligible = a cr$it "u subp>agraph 7,b7 ( p>agraph 7#a7 may elect to transf] su* cr$it to ! ar*itect1 build]1 or contractor ( su* build+4 7#c7 ,eligible build+ 7,a7 ,9 g5]al ,= purposes ( ?is subsection1 ! t]m eligible build+ means a build+-- 7i7 locat$ 9 ! ,unit$ ,/ates1 7ii7 :i* is at lea/ #ej p]c5t occupi$ 9 ! taxable ye> 9 ! tax cr$it is claim$1 7iii7 ) respect to :i* a c]tification has be5 issu$ = a qualify+ reason pursuant to subsection 7c71 & 7iv7 ) respect to :i* no cr$it "u ?is section has be5 claim$ = ! same qualify+ reason 9 a prior taxable ye>4 7,b7 ,qualify+ reason ,= purposes ( ?is p>agraph1 ) respect to an eligible build+1 ! t]m qualify+ reason means su* build+-- 7i7 has und]gone a deep en]gy retr(it1 7ii7 is a z]o-en]gy-ready build+1 or 7iii7 is a z]o-en]gy build+ plac$ 9 s]vice at lea/ #ab mon?s prior to ! taxable ye> 9 :i* ! cr$it is claim$4 7,c7 ,special rule = z]o-en]gy & z]o-en]gy-ready build+s ,a taxpay] may claim ! cr$it "u ?is section twice = ! same build+ if-- 7i7 ! cr$it is claim$ 9 a taxable ye> = ! qualify+ reason describ$ 9 subp>agraph 7,b77ii71 & 7ii7 ! cr$it is claim$ 9 a succe$+ taxable ye> = ! qualify+ reason describ$ 9 subp>agraph 7,b77iii74 7c7 ,c]tifications 7#a7 ,deep en]gy retr(it ,9 ! case ( a build+ ) respect to :i* a deep en]gy retr(it 0 implem5t$1 su* retr(it %all meet ! c]tification /&>d ( subsection 7b77#c77;,a7 if x has be5 complet$ & c]tifi$ z a deep en]gy retr(it by a regi/]$ ar*itect or eng9e]1 or by ano!r pr(essional au?oriz$ by ! ,secret>y ( ,en]gy by rule4 7#b7 ,z]o-en]gy build+ ,9 ! case ( a build+ :i* is a z]o-en]gy build+1 su* build+ %all meet ! c]tification /&>d ( subsection 7b77#c77;,a7 if ! build+ has be5 z]o-en]gy ov] a span ( #ab cont9u\s mon?s ) at lea/ #ej p]c5t occupancy z v]ifi$-- 7,a7 ?r\gh c]tification by ! ,liv+ ,build+s ,in/itute ,z]o ,en]gy ,c]tification ,program1 7,b7 ?r\gh c]tification by ! ,,le$ ,z]o ,en]gy ,c]tification ,program ,v]ification1 or 7,c7 by ano!r pr(essional au?oriz$ by ! ,secret>y ( ,en]gy by rule4 7#c7 ,z]o-en]gy-ready build+ ,9 ! case ( a build+ :i* is a z]o-en]gy-ready build+1 su* build+ %all meet ! c]tification /&>d ( subsection 7b77#c77;,a7-- 7,a7 9 ! case ( a comm]cial build+ or high-rise resid5tial build+1 if ! taxpay] receives a c]tification f regi/]$ eng9e]1 ar*itect or o!r pr(essional recogniz$ by ,secret>y ( ,en]gy /at+ t su* build+ meets ! def9ition ( a z]o-en]gy-ready build+ "u subsection 7e77#af77;,a71 & 7,b7 if su* build+ is a l[-rise resid5tial build+-- 7i7 if su* build+ has be5 c]tifi$ z describ$ 9 subsection 7e77#af77;,b77i71 7ii7 if ! taxpay] receives a c]tification f regi/]$ eng9e]1 ar*itect or o!r pr(essional recogniz$ by ,secret>y ( ,en]gy /at+ t su* build+ meets ! def9ition ( a z]o-en]gy-ready build+ "u subsection 7e77#af77;,b77ii74 7d7 ,applicable am\nt ,= purposes ( subsection 7a71 ! applicable am\nt %all be det]m9$ z foll[s3 7#a7 ,z]o-en]gy-ready build+s ,= c]tifi$ z]o-en]gy-ready build+s-- 7,a7 = a resid5tial build+ ) no m ?an f\r dwell+ units1 #e1jjj p] dwell+ unit1 7,b7 = a resid5tial build+ ) five or m dwell+ units1 #c1ejj p] dwell+ unit1 & 7,c7 = a comm]cial build+1 #c p] squ>e foot ( floor area4 7#b7 ,z]o-en]gy build+s ,= c]tifi$ z]o-en]gy build+s-- 7,a7 = a resid5tial build+ ) no m ?an f\r dwell+ units1 #e1jjj p] dwell+ unit1 7,b7 = a resid5tial build+ ) five or m dwell+ units1 #c1ejj p] dwell+ unit1 & 7,c7 = a comm]cial build+ t is a z]o-en]gy build+ = a p]iod ( #ab cont9u\s mon?s />t+ aft] ! build+ is at lea/ #ej p]c5t occupi$1 #c p] squ>e foot ( floor area1 provid$ t a z]o-en]gy build+ may also receive ! z]o-en]gy-ready build+ inc5tive if x meets ! crit]ia = ?is inc5tive4 7#c7 ,deep en]gy retr(its ,! foll[+ tax cr$it am\nts %all be aw>d$ to build+s ^u completion ( a deep en]gy retr(it-- 7,a7 = a resid5tial build+1 #aj1jjj p] dwell+ unit1 up to a maximum ( #a1jjj1jjj p] build+1 & 7,b7 = a comm]cial build+1 #be p] squ>e foot ( floor area1 up to a maximum ( #b1jjj1jjj p] build+4 7e7 ,def9itions ,9 ?is section3 7#a7 ,btu ,! t]m ,btu means ,briti% ,!rmal ,unit4 7#b7 ,build+ en]gy ,! t]m build+ en]gy means en]gy consum$ at ! build+ site z measur$ at ! site b\nd>y1 :i* includes heat+1 cool+1 v5tilation1 dome/ic hot wat]1 indoor & outdoor light+1 plug loads1 process en]gy1 elevators & convey+ sy/ems1 & intrabuild+ transportation sy/ems4 7#c7 ,deep en]gy retr(it ,! t]m deep en]gy retr(it means a project t uses en]gy effici5cy measures & r5ewable en]gy res\rces to r$uce ! en]gy use ( an exi/+ build+ by at lea/ #ej p]c5t on an annual basis relative to ! mo/ rec5t #ab mon? p]iod 9 :i* ! build+ 0 fully occupi$ prior to ! project1 provid$ t en]gy effici5cy measures mu/ acc\nt = at lea/ #hj p]c5t ( ! r$uction 9 en]gy use4 7#d7 ,deliv]$ en]gy ,! t]m deliv]$ en]gy means any type ( en]gy t c\ld be b\ght or sold z build+ en]gy1 includ+ electricity1 /eam1 hot or *ill$ wat]1 natural gas1 biogas1 l&fill gas1 coal1 coke1 propane1 petroleum & its d]ivatives1 residual fuel oil1 alcohol-bas$ fuels1 wood1 biomass1 & any o!r mat]ial consum$ z fuel4 7#e7 ,export$ en]gy ,! t]m export$ en]gy means on-site r5ewable en]gy suppli$ ?r\gh ! site b\nd>y & us$ outside ! site b\nd>y4 7#f7 ,high-rise comm]cial build+ ,! t]m high-rise comm]cial build+ means a comm]cial build+ ( f\r or m above grade /ories4 7#g7 ,high-rise resid5tial build+ ,! t]m high-rise resid5tial build+ means a multi-family build+ ) f\r or m above grade /ories4 7#h7 k,wh ,! t]m k,wh means ,kil[att ,h\r4 7#i7 ,l[-rise resid5tial build+ ,! t]m l[-rise resid5tial build+ means a s+le-family home or multifamily build+ ) no m ?an ?ree above grade /ories4 7#aj7 ,on-site r5ewable en]gy ,! t]m on-site r5ewable en]gy means any r5ewable en]gy collect$ & g5]at$ )9 ! site b\nd>y t is us$ = build+ en]gy1 & ! excess r5ewable en]gy export$ outside ! site b\nd>y1 provid$ t any r5ewable en]gy c]tificates associat$ ) ! on-site r5ewable en]gy mu/ be reta9$ or retir$ by ! build+ own] or lessee to be claim$ z on-site r5ewable en]gy4 7#aa7 ,r5ewable en]gy ,! t]m r5ewable en]gy means en]gy g5]at$ by biomass1 hydro1 geo!rmal1 sol>1 w9d1 ocean !rmal1 wave action1 or tidal action res\rces4 7#ab7 ,r5ewable en]gy c]tificate ,! t]m r5ewable en]gy c]tificate means a c]tificate or cr$it t repres5ts & conveys ! environm5tal1 social1 or o!r nonp[] qualities ( "o megawatt h\r ( r5ewable en]gy1 & c be sold sep>ately f ! und]ly+ physical electricity associat$ ) ! r5ewable en]gy res\rce4 7#ac7 ,site b\nd>y ,! t]m site b\nd>y means ! limits ( ! build+ site across :i* deliv]$ en]gy & export$ en]gy are measur$4 7#ad7 ,s\rce en]gy ,! t]m s\rce en]gy means build+ en]gy plus ! en]gy losses 9 !rmal combu/ion 9 electricity g5]ation res\rces2 & en]gy losses 9 transmission & di/ribution to ! build+ site4 7#ae7 ,z]o-en]gy build+ ,! t]m z]o-en]gy build+ means a build+ = :i*1 on a s\rce en]gy basis1 ! actual annual deliv]$ en]gy is less ?an or equal to ! on-site r5ewable export$ en]gy1 provid$ t en]gy pur*as$ f (f-site & r5ewable en]gy g5]at$ on-site & !n sold (f-site %all be valu$ at #fjjj ,btu_/k,wh4 7#af7 ,z]o-en]gy-ready build+ ,! t]m z]o-en]gy-ready build+ means a build+ t-- 7,a7 if x is a comm]cial build+ or high-rise resid5tial build+-- 7i7 is 9 compliance ) ,/&>d #ij4a-bjai publi%$ by ! ,am]ican ,society ( ,heat+1 ,refrig]at+1 & ,air ,condition+ ,eng9e]s1 7ii7 is 9 compliance ) ,app5dix ,,ca 7,sol>-,ready ,zone7 ( ! #bjba ,int]national ,en]gy ,cons]vation ,code1 & 7iii7 demon/rates t its en]gy consumption is at lea/ #cj p]c5t bel[ ! maximum p]mitt$ "u ,am]ican ,society ( ,heat+1 ,refrig]at+1 & ,air ,condition+ ,eng9e]s ,/&>d #ij4a-bjai1 z calculat$ us+ ! me?odology 9 ,app5dix ,g ( su* /&>d1 & 7,b7 if x is a l[-rise resid5tial build+-- 7i7 has an ,en]gy ,rat+ ,index ( #dj or less z calculat$ us+ ! proc$ures 9 ,*apt] #c ( ! resid5tial section ( ! #bjab ,int]national ,en]gy ,cons]vation ,code b exclud+ any r5ewable en]gy res\rces 9 ! calculation1 provid$ t c]tification ( compliance ) ! ,en]gy ,rat+ ,index requirem5t %all be made by a regi/]$ ar*itect or eng9e] by ano!r pr(essional au?oriz$ by ! ,secret>y ( ,en]gy by rule1 7ii7 is 9 compliance ) ,app5dix ,,ra 7,sol>-,ready ,zone7 ( ! #bjba ,int]national ,en]gy ,cons]vation ,code1 & 7iii7 is c]tifi$ "u-- 7,i7 ! ,z]o ,en]gy ,ready ,homes program adm9i/]$ by ! ,dep>tm5t ( ,en]gy1 or 7,,ii7 ! ,passive ,h\se specifications ( ! ,passive ,in/itute ,,u or ! ,int]national ,passive ,h\se ,in/itute4 7f7 ,d5ial ( d\ble b5efit ,no cr$it %all be all[$ "u ?is section = any exp5se = :i* a d$uction or cr$it is all[$ "u any o!r provision ( ?is *apt]1 includ+ "u sections #be;,c1 #be;,d1 & #agi;,d4 7g7 ,sunset ,! tax cr$it "u ?is section %all t]m9ate-- 7#a7 = z]o-en]gy & z]o-en]gy-ready resid5tial build+s1 "o ye> aft] ! ,secret>y ( ,en]gy det]m9es by rule t su* build+s acc\nt$ = at lea/ #bj p]c5t ( new resid5tial build+s 9 ! mo/ rec5t cal5d> ye>1 7#b7 = z]o-en]gy & z]o-en]gy-ready comm]cial build+s1 "o ye> aft] ! ,secret>y ( ,en]gy det]m9es by rule t su* build+s acc\nt$ = at lea/ #bj p]c5t ( new comm]cial build+ con/ruction 9 ! mo/ rec5t cal5d> ye>1 7#c7 = deep en]gy retr(its to resid5tial build+s1 "o ye> aft] ! ,secret>y ( ,en]gy det]m9es by rule t at lea/ #aj p]c5t ( units at resid5tial build+s h und]gone su* retr(its1 & 7#d7 = deep en]gy retr(its to comm]cial build+s1 "o ye> aft] ! ,secret>y ( ,en]gy det]m9es by rule t at lea/ #aj p]c5t ( ! floor area ( comm]cial build+s has und]gone su* retr(its4 7h7 ,rules & ,regulations ,n lat] ?an "o ye> aft] ! date ( ! enactm5t ( ?is section1 ! ,secret>y1 aft] consultation ) ! ,secret>y ( ,en]gy1 %all promulgate su* regulations & guidance z are necess>y to implem5t ?is section4 7i7 ,report to congress ,n lat] ?an two ye>s aft] enactm5t ( ?is section1 & ea* cal5d> ye> !reaft]1 ! ,secret>y %all report to ,congress on ! use ( tax cr$its "u ?is section1 brok5 out by ! applicable am\nt categories 9 subsection 7d71 :i* %all include-- 7#a7 ! doll> value ( tax cr$its aw>d$ to date & 9 ! prior cal5d> ye>1 & 7#b7 ! numb] ( units at resid5tial build+s & ! numb] ( squ>e feet ( floor area 9 comm]cial build+s = :i* tax cr$its 7 aw>d$ to date & 9 ! prior ye> cal5d> ye>4 4 7b7 ,con=m+ am5dm5ts 7#a7 ,section #ch7;b7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$-- 7,a7 9 p>agraph 7#cc71 by /rik+ plus at ! end1 7,b7 9 p>agraph 7#cd71 by /rik+ ! p]iod at ! end & ins]t+1 plus1 & 7,c7 by add+ at ! end ! foll[+ new p>agraph3 7#cd7 ! ,deep en]gy retr(its & z]o-en]gy comm]cial & resid5tial build+s cr$it det]m9$ "u section #de,v7a74 4 7#b7 ,! table ( sections = subp>t ,d ( "p ,,iv ( sub*apt] ,a ( *apt] #a ( su* ,code is am5d$ by add+ at ! end ! foll[+ new item3 ,sec4 #de,v4 ,deep retr(its & z]o-en]gy comm]cial & resid5tial build+s4 4 7c7 ,effective date ,! am5dm5ts made by ?is section %all apply to prop]ty plac$ 9 s]vice aft] ,decemb] #ca1 #bjba4 #bjh4 ,ext5sion ( publicly trad$ p>tn]%ip own]%ip /ructure to r5ewable en]gy projects 7a7 ,9 g5]al ,section #ggjd7;d77#a77;,e7 ( ! ,int]nal ,rev5ue ,code ( #aihf1 z am5d$ by ?is ,act1 is am5d$ by add+ aft] clause 7v7 ! foll[+3 7vi7 ,! g5]ation ( electric p[] 7includ+ ! leas+ ( tangible p]sonal prop]ty us$ = su* g5]ation7 exclusively us+ any res\rce describ$ 9 section #de7;c77#a7 or en]gy prop]ty describ$ 9 section #dh 7det]m9$ )\t reg>d to any t]m9ation date7 or1 9 ! case ( a facility describ$ 9 p>agraph 7#c7 or 7#g7 ( section #de7;d7 7det]m9$ )\t reg>d to any plac$ 9 s]vice date or date by :i* con/ruction ( ! facility is requir$ to beg971 ! accept+ or process+ ( su* res\rce4 7vii7 ,! sale ( electric p[]1 capacity1 res\rce adequacy1 dem& response capabilities1 or ancill>y s]vices t is produc$ or made available f any equipm5t or facility 7op]at+ z a s+le unit or z an aggregation ( units7 ! pr9cipal function ( :i* is to-- 7,i7 use me*anical1 *emical1 electro*emical1 hydroelectric1 or !rmal processes to /ore en]gy t 0 g5]at$ at "o "t = conv]sion to electricity at a lat] "t1 or 7,,ii7 /ore !rmal en]gy = direct use = heat+ or cool+ at a lat] "t 9 a mann] t avoids ! ne$ to use electricity at t lat] "t4 7viii7 ,! g5]ation1 /orage1 or di/ribution ( !rmal en]gy exclusively utiliz+ prop]ty describ$ 9 section #dh7;c77#c7 7det]m9$ )\t reg>d to subp>agraphs 7,b7 & 7,d7 !re( & )\t reg>d to any plac$ 9 s]vice date74 7ix7 ,! g5]ation1 /orage1 or di/ribution ( !rmal en]gy exclusively us+ any res\rce describ$ 9 section #de7;c77#a7 or en]gy prop]ty describ$ 9 clause 7i7 or 7iii7 ( section #dh7;a77#c77;,a74 7x7 ,! use ( recov]able wa/e en]gy1 z def9$ 9 section #cga7e7 ( ! ,en]gy ,policy & ,cons]vation ,act 7#db ,u4,s4,c4 #fcda7e774 4 7b7 ,effective date ,! am5dm5t made by ?is section %all apply to taxable ye>s beg9n+ aft] ,decemb] #ca1 #bjbj4 #bji4 ,manufactur] cr$it = high-effici5cy heat pumps & heat pump wat] heat]s 7a7 ,9 g5]al ,subp>t ,d ( "p ,,iv ( sub*apt] ,a ( *apt] #a ( ! ,int]nal ,rev5ue ,code ( #aihf1 z am5d$ by ?is ,act1 is am5d$ by add+ at ! end ! foll[+ new section3 #de,w4 ,manufactur] cr$it = high-effici5cy heat pumps & heat pump wat] heat]s 7a7 ,all[ance ( cr$it 7#a7 ,9 g5]al ,= purposes ( section #ch1 ! en]gy effici5t heat pump cr$it det]m9$ "u ?is section = any taxable ye> is an am\nt equal to ! sum ( ! cr$it am\nts det]m9$ "u p>agraph 7#b7 = ea* type ( qualifi$ en]gy effici5t heat pump produc$ by ! taxpay] dur+ ! cal5d> ye> end+ ) or )9 ! taxable ye>4 7#b7 ,cr$it am\nts ,! cr$it am\nt det]m9$ = any type ( qualifi$ en]gy effici5t appliance is-- 7,a7 ! applicable am\nt det]m9$ "u subsection 7b7 ) respect to su* type1 multipli$ by 7,b7 ! eligible production = su* type "u subsection 7c74 7b7 ,applicable am\nt ,= purposes ( subsection 7a73 7#a7 ,consum] heat pump wat] heat]s ,! applicable am\nt is #fjj 9 ! case ( a consum] heat pump wat] heat] t is manufactur$ 9 "o ( cal5d> ye>s #bjbb ?r\gh #bjcj & t has a ,uni=m ,en]gy ,factor ( #c4c or m = electric wat] heat]s & #a4c or m = gas wat] heat]s4 7#b7 ,comm]cial heat pump wat] heat]s ,! applicable am\nt is #bd p] ?\s& ,briti% ,!rmal ,units ( heat+ capacity 9 ! case ( a comm]cial heat pump wat] heat] manufactur$ 9 "o ( cal5d> ye>s #bjbb ?r\gh #bjcj & t has a ,coeffici5t ( ,p]=mance ( #c4j or m = electric wat] heat]s & #a4c or m = gas wat] heat]s4 7#c7 ,consum] unit>y heat pumps ,! applicable am\nt is #ajjj 9 ! case ( a consum] unit>y heat pump t-- 7,a7 is manufactur$ 9 cal5d> ye>s #bjbb ?r\gh #bjcj1 7,b7 9 ! case ( an electric heat pump meets ei!r-- 7i7 ! mo/ rec5t requirem5ts ( ! ,en]gy ,/> ,mo/ ,effici5t ,specification promulgat$ by ! ,unit$ ,/ates ,environm5tal ,protection ,ag5cy be=e ! date ( enactm5t ( ?is section1 or 7ii7 ! mo/ rec5t ,cold ,climate ,air-,s\rce ,heat ,pump ,specification promulgat$ by ,nor!a/ ,en]gy ,effici5cy ,p>tn]%ips be=e ! date ( enactm5t ( ?is section1 & 7,c7 9 ! case ( a gas heat pump1 has an ,annual ,fuel ,utilization ,effici5cy ( #adj p]c5t or m4 7#d7 ,comm]cial heat pumps ,! applicable am\nt is #bd p] ?\s& ,briti% ,!rmal ,units ( heat+ capacity measur$ at a #ag degree ,fahr5heit ambi5t temp]ature 9 ! case ( a comm]cial heat pump t is manufactur$ 9 cal5d> ye>s #bjbb ?r\gh #bjcj & t has a ,coeffici5t ( ,p]=mance ( #b4c or m at a #ag degree ,fahr5heit ambi5t temp]ature = electric heat pumps1 & #a4b or m at a #ag degree ,fahr5heit ambi5t temp]ature = gas heat pumps4 7#e7 ,indu/rial heat pumps ,! applicable am\nt is #cf p] ?\s& ,briti% ,!rmal ,units ( heat+ capacity = heat pumps ) a heat+ capacity ( #b1djj ?\s& ,briti% ,!rmal ,units or less & #ah p] ?\s& ,briti% ,!rmal ,units ( heat+ capacity = heat pumps ) a heat+ capacity above #b1djj ?\s& ,briti% ,!rmal ,units 9 ! case ( an indu/rial heat pump t is manufactur$ & in/all$ 9 an indu/rial facility 9 cal5d> ye>s #bjbb ?r\gh #bjcj & t has a ,coeffici5t ( ,p]=mance ( #b4j or m4 7c7 ,eligible production ,! eligible production 9 a cal5d> ye> ) respect to ea* type ( en]gy effici5t heat pump is-- 7#a7 ! numb] ( heat pumps ( su* type t are produc$ by ! taxpay] 9 ! ,unit$ ,/ates dur+ su* cal5d> ye>1 less 7#b7 ! av]age numb] ( heat pumps ( su* type t 7 produc$ by ! taxpay] 7or any pr$ecessor7 9 ! ,unit$ ,/ates dur+ ! prec$+ #b-;cal5d> ye> p]iod4 7d7 ,types ( en]gy effici5t heat pumps ,= purposes ( ?is section1 ! types ( en]gy effici5t heat pumps are-- 7#a7 consum] heat pump wat] heat]s describ$ 9 subsection 7b77#a71 7#b7 comm]cial heat pump wat] heat]s describ$ 9 subsection 7b77#b71 7#c7 consum] unit>y heat pumps describ$ 9 subsection 7b77#c71 7#d7 comm]cial heat pumps describ$ 9 subsection 7b77#d71 & 7#e7 indu/rial heat pumps describ$ 9 subsection 7b77#e74 7e7 ,limitations 7#a7 ,aggregate cr$it am\nt all[$ ,! aggregate am\nt ( cr$it all[$ "u subsection 7a7 ) respect to a taxpay] = any taxable ye> %all n exce$ #bej1jjj1jjj1 r$uc$ by ! am\nt ( ! cr$it all[$ "u subsection 7a7 to ! taxpay] 7or any pr$ecessor7 = all prior taxable ye>s beg9n+ aft] ,decemb] #ca1 #bjba4 7#b7 ,limitation bas$ on gross receipts ,! cr$it all[$ "u subsection 7a7 ) respect to a taxpay] = ! taxable ye> %all n exce$ an am\nt equal to #d p]c5t ( ! av]age annual gross receipts ( ! taxpay] = ! #c taxable ye>s prec$+ ! taxable ye> 9 :i* ! cr$it is det]m9$4 7#c7 ,gross receipts ,= purposes ( ?is subsection1 ! rules ( p>agraphs 7#b7 & 7#c7 ( section #ddh7;c7 %all apply4 7f7 ,adju/m5t ( en]gy effici5cy crit]ia ,no lat] ?an ,decemb] #ca1 #bjbb1 & e two ye>s !reaft]1 ! ,secret>y1 9 consultation ) ! ,secret>y ( ,en]gy1 %all review ! effici5cy levels 9 subsection 7b7 & revise ^! levels upw>d if necess>y to include only ! mo/ effici5t comm]cially available heat pumps ( ea* type1 :ile ensur+ t at lea/ ?ree manufactur]s are repres5t$ 9 ea* type across a range ( product heat+ capacities4 7g7 ,te/ proc$ures 7#a7 ,! ,dep>tm5t ( ,en]gy %all develop te/ proc$ures to det]m9e ,coeffici5t ( ,p]=mance =-- 7,a7 gas comm]cial heat pump wat] heat]s1 7,b7 gas comm]cial heat pumps1 & 7,c7 indu/rial heat pumps4 7#b7 ,su* te/ proc$ures %all build ^u ! f\ndation ( relevant curr5t ,am]ican ,national ,/&>d ,in/itute & ,int]national ,organization ( ,/&>d te/ proc$ures4 7h7 ,def9itions ,= purposes ( ?is section3 7#a7 ,qualifi$ en]gy effici5t heat pump ,! t]m qualifi$ en]gy effici5t heat pump means-- 7,a7 any consum] heat pump wat] heat] describ$ 9 subsection 7b77#a71 7,b7 any comm]cial heat pump wat] heat] describ$ 9 subsection 7b77#b71 7,c7 any consum] unit>y heat pump describ$ 9 subsection 7b77#c71 7,d7 any comm]cial heat pump describ$ 9 subsection 7b77#d71 & 7,e7 any indu/rial heat pump describ$ 9 subsection 7b77#e74 7#b7 ,consum] heat pump wat] heat] ,! t]m consum] heat pump wat] heat] means a wat] heat] t uses a heat pump to heat wat]1 has a maximum electric curr5t rat+ ( #bd amp]es at an input voltage ( #bej volts or less = electric wat] heat]s1 or a gas input ( #ge1jjj ,btu p] h\r or less = gas wat] heat]s1 measur$ 9 accordance ) applicable ,u4,s4 ,dep>tm5t ( ,en]gy te/ proc$ures4 7#c7 ,comm]cial heat pump wat] heat]s ,! t]m comm]cial heat pump wat] heat] means a wat] heat] t uses a heat pump to heat wat] & is n a consum] heat pump wat] heat] def9$ 9 p>agraph 7#b74 7#d7 ,consum] unit>y heat pump ,! t]m consum] unit>y heat pump means a heat pump design$ to provide space heat+ & cool+ ) a cool+ capacity ( #fe1jjj ,briti% ,!rmal ,units p] h\r or less1 measur$ 9 accordance ) ! applicable ,dep>tm5t ( ,en]gy te/ proc$ures4 7#e7 ,comm]cial heat pump ,! t]m comm]cial heat pump means a heat pump design$ to provide space heat+ & cool+ ) a cool+ capacity ( m ?an #fe1jjj ,briti% ,!rmal ,units p] h\r1 measur$ 9 accordance ) ! applicable ,dep>tm5t ( ,en]gy te/ proc$ures4 7#f7 ,indu/rial heat pump ,! t]m indu/rial heat pump means a heat pump t upgrades indu/rial wa/e heat to a high] temp]ature su* t ! deliv]$ heat is produc$ & suppli$ to ! facility m effici5tly ?an conv5tional heat+ me?ods1 su* z a /eam or electric resi/ance boil]4 7#g7 ,produc$ ,! t]m produc$ includes manufactur$4 7#h7 ,uni=m en]gy factor ,! t]m ,uni=m ,en]gy ,factor is a metric us$ to measure ! effici5cy ( consum] wat] heat]s1 ) details specifi$ 9 applicable ,dep>tm5t ( ,en]gy te/ proc$ures4 7#i7 ,coeffici5t ( p]=mance ,! t]m ,coeffici5t ( ,p]=mance means ! ratio ( heat output to en]gy input1 ) details specifi$ 9 applicable ,dep>tm5t ( ,en]gy te/ proc$ures4 ,= gas comm]cial heat pump wat] heat]s1 until !re is a ,dep>tm5t ( ,en]gy te/ proc$ure1 ,am]ican ,national ,/&>ds ,in/itute & ,am]ican ,society ( ,heat+1 ,refrig]at+ & ,air-,condition+ ,eng9e]s ,/&>d #aah4a %all be us$4 ,= gas comm]cial heat pumps1 until !re is a ,dep>tm5t ( ,en]gy te/ proc$ure1 ,am]ican ,national ,/&>ds ,/&>d ,z#ba4dj4d %all be us$4 ,= indu/rial heat pumps1 until !re is a ,dep>tm5t ,en]gy te/ proc$ure1 manufactur]s may use _! own te/s1 provid$ !y publicly po/ ! te/ conditions & assumptions !y us$ 9 develop+ _! /at$ ,coeffici5t ( ,p]=mance values4 7i7 ,special rules ,= purposes ( ?is section3 7#a7 ,9 g5]al ,rules simil> to ! rules ( subsections 7c71 7d71 & 7e7 ( section #eb %all apply4 7#b7 ,controll$ gr\p 7,a7 ,9 g5]al ,all p]sons treat$ z a s+le employ] "u subsection 7a7 or 7b7 ( section #eb or subsection 7m7 or 7o7 ( section #dad %all be treat$ z a s+le produc]4 7,b7 ,inclusion ( =eign corporations ,= purposes ( subp>agraph 7,a71 9 apply+ subsections 7a7 & 7b7 ( section #eb to ?is section1 section #aefc %all be appli$ )\t reg>d to subsection 7b77#b77;,c7 !re(4 7#c7 ,v]ification ,no am\nt %all be all[$ z a cr$it "u subsection 7a7 ) respect to :i* ! taxpay] has n submitt$ su* in=mation or c]tification z ! ,secret>y1 9 consultation ) ! ,secret>y ( ,en]gy1 det]m9es necess>y4 7#d7 ,production 9 unit$ /ates ,! requirem5t = production 9 ! ,unit$ ,/ates 9 subsection 7c7 %all n take effect until ,janu>y #a1 #bjbe4 4 7b7 ,cl]ical am5dm5t ,! table ( sections = subp>t ,d ( "p ,,iv ( sub*apt] ,a ( *apt] #a1 z am5d$ by ?is ,act1 is fur!r am5d$ by add+ aft] ! item relat+ to section #de,v ! foll[+ new item3 ,sec4 #de,w4 ,manufactur] cr$it = high-effici5cy heat pumps & heat pump wat] heat]s4 4 #baj4 ,o!r au?orizations ( appropriations 7a7 ,am5dm5t to am]ica competes act ,section #ejab7o77#b7 ( ! ,am]ica ,,competes ,act 7#db ,u4,s4,c4 #afech7o77#b77 is am5d$ by /rik+ subp>agraphs 7,b7 ?r\gh 7,e7 & ins]t+ ! foll[+3 7,b7 #efi1jjj1jjj = fiscal ye> #bjbb2 7,c7 #gac1jjj1jjj = fiscal ye> #bjbc2 7,d7 #hef1jjj1jjj = fiscal ye> #bjbd2 & 7,e7 #a1jjj1jjj1jjj = fiscal ye> #bjbe4 4 7b7 ,regional innovation models ,!re are au?oriz$ to be appropriat$ to ! ,secret>y = purposes ( develop+ regional innovation models-- 7#a7 #ajj1jjj1jjj = fiscal ye> #bjbb2 7#b7 #bjj1jjj1jjj = fiscal ye> #bjbc2 7#c7 #cjj1jjj1jjj = fiscal ye> #bjbd2 & 7#d7 #ejj1jjj1jjj = fiscal ye> #bjbe4 7c7 ,grid mod]nization ,!re are au?oriz$ to be appropriat$ to ! ,secret>y = purposes ( rese>*1 developm5t1 demon/ration1 analysis1 te*nology validation1 m>ket trans=mation1 & te*nical assi/ance to support grid mod]nization-- 7#a7 #bch1jjj1jjj = fiscal ye> #bjbb2 7#b7 #cge1jjj1jjj = fiscal ye> #bjbc2 7#c7 #eac1jjj1jjj = fiscal ye> #bjbd2 & 7#d7 #fej1jjj1jjj = fiscal ye> #bjbe4 7d7 ,advanc$ l&-,bas$ & (f%ore w9d p[] ,!re are au?oriz$ to be appropriat$ to ! ,secret>y = ! purposes ( rese>*1 developm5t1 demon/ration1 analysis1 te*nology validation1 m>ket trans=mation1 & te*nical assi/ance to support advanc$ l&-bas$ & (f%ore w9d p[]-- 7#a7 #agh1jjj1jjj = fiscal ye> #bjbb2 7#b7 #beb1jjj1jjj = fiscal ye> #bjbc2 7#c7 #cbf1jjj1jjj = fiscal ye> #bjbd2 & 7#d7 #djj1jjj1jjj = fiscal ye> #bjbe4 7e7 ,advanc$ sol> p[] ,!re are au?oriz$ to be appropriat$ to ! ,secret>y = ! purposes ( rese>*1 developm5t1 demon/ration1 analysis1 te*nology validation1 m>ket trans=mation1 & te*nical assi/ance to support advanc$ sol> p[]-- 7#a7 #cfj1jjj1jjj = fiscal ye> #bjbb2 7#b7 #ddj1jjj1jjj = fiscal ye> #bjbc2 7#c7 #ebj1jjj1jjj = fiscal ye> #bjbd2 & 7#d7 #fjj1jjj1jjj = fiscal ye> #bjbe4 7f7 ,me*anical1 *emical1 & !rmal /orage te*nology ,!re are au?oriz$ to be appropriat$ to ! ,secret>y = ! purposes ( rese>*1 developm5t1 demon/ration1 analysis1 te*nology validation1 m>ket trans=mation1 & te*nical assi/ance to support me*anical1 *emical1 & !rmal /orage te*nology-- 7#a7 #aej1jjj1jjj = fiscal ye> #bjbb2 7#b7 #aej1jjj1jjj = fiscal ye> #bjbc2 7#c7 #aej1jjj1jjj = fiscal ye> #bjbd2 & 7#d7 #aej1jjj1jjj = fiscal ye> #bjbe4 7g7 ,build+s ,!re are au?oriz$ to be appropriat$ to ! ,secret>y = ! purposes ( rese>*1 developm5t1 demon/ration1 analysis1 te*nology validation1 m>ket trans=mation1 & te*nical assi/ance to support te*nologies t improve ! en]gy effici5cy ( build+ equipm5t1 ! build+ envelope1 build+ controls1 & t improve in=mation %>+ betwe5 ! build+ & ! grid1 :i* te*nologies may include en]gy effici5cy1 dem& response1 & electrification te*nologies 9 resid5tial1 comm]cial1 & indu/rial build+s-- 7#a7 #cha1jjj1jjj = fiscal ye> #bjbb2 7#b7 #dgh1jjj1jjj = fiscal ye> #bjbc2 7#c7 #egd1jjj1jjj = fiscal ye> #bjbd2 & 7#d7 #fgj1jjj1jjj = fiscal ye> #bjbe4 7h7 ,indu/ry ,!re are au?oriz$ to be appropriat$ to ! ,secret>y = ! purposes ( rese>*1 developm5t1 demon/ration1 analysis1 te*nology validation1 m>ket trans=mation1 & te*nical assi/ance to support te*nologies to r$uce emissions 9 indu/rial & manufactur+ processes1 includ+ su* te*nologies relat+ to en]gy effici5cy & electrification-- 7#a7 #cha1jjj1jjj = fiscal ye> #bjbb2 7#b7 #dgh1jjj1jjj = fiscal ye> #bjbc2 7#c7 #egd1jjj1jjj = fiscal ye> #bjbd2 & 7#d7 #hdj1jjj1jjj = fiscal ye> #bjbe4 7i7 ,enhanc$ geo!rmal te*nologies ,!re are au?oriz$ to ! ,secret>y = ! purposes ( rese>*1 developm5t1 & demon/ration ( enhanc$ geo!rmal te*nologies an increase 9 ! am\nt f fiscal ye> #bjai appropriations by #ajj1jjj1jjj = ea* ye> until fiscal ye> #bjbf1 ( :i*-- 7#a7 #gj1jjj1jjj is au?oriz$ = ! ,secret>y to use ea* ye> to e/abli% a sup]critical enhanc$ geo!rmal sy/em demon/ration program2 & 7#b7 #cj1jjj1jjj is au?oriz$ = ! ,secret>y to use ea* ye> 9 collaboration ) ! ,national ,laboratories = sup]critical enhanc$ geo!rmal sy/ems rese>* & developm5t4 ,,iii ,exi/+ & ,advanc$ ,nucle> ,p[] ,plants #cja4 ,z]o-emissions cr$it program 7a7 ,e/abli%m5t ,n lat] ?an #b ye>s aft] ! date ( enactm5t ( ?is section1 ! ,secret>y %all e/abli% a program to be kn[n z ! ,z]o-,emissions ,cr$it ,program4 7b7 ,issuance ( cr$its ,"u ! ,z]o-,emissions ,cr$it ,program ! ,secret>y %all1 by n lat] ?an ,m>* #a ( ea* cal5d> ye>1 issue z]o-emissions cr$its to ea* own] or op]ator ( a qualifi$ nucle> p[] plant 9 ! quantity t is equal to ! numb] ( megawatt-h\rs ( electricity sold by su* own] or op]ator to an organiz$ p[] m>ket 9 ! prior ye>4 7c7 ,paym5t = cr$its 7#a7 ,9 g5]al ,except z provid$ 9 p>agraphs 7#b71 7#c71 & 7#d71 "u ! ,z]o-,emissions ,cr$it ,program ! ,secret>y %all pay an own] or op]ator ( a qualifi$ nucle> p[] plant #ac4be = ea* z]o-emissions cr$it su* own] or op]ator submits to ! ,secret>y4 7#b7 ,adju/m5ts = inflation ,ea* ye> ! ,secret>y %all adju/ ! am\nt paid = ea* z]o-emissions cr$it to acc\nt = ! effects ( inflation bas$ on ! ,consum] ,price ,index = ,all ,urban ,consum]s 7z publi%$ by ! ,bureau ( ,labor ,/ati/ics ( ! ,dep>tm5t ( ,labor74 7#c7 ,r$uction 9 value ( cr$it ,if ! price = ! sale ( electricity to an organiz$ p[] m>ket increases 9 a cal5d> ye> su* t paym5ts = z]o-emissions cr$its "u p>agraph 7#a7 are no long] ne$$ to prev5t ! retirem5t ( a qualifi$ nucle> p[] plant 9 ! subsequ5t ye>1 ! ,secret>y %all1 aft] ! application ( any adju/m5t "u p>agraph 7#b71 r$uce ! am\nt to be paid = ea* z]o-emissions cr$it to ! own] or op]ator ( su* qualifi$ nucle> p[] plant to acc\nt = su* *ange 9 price4 7#d7 ,(fset = value ( clean electricity cr$its ,if ! own] or op]ator ( a qualifi$ nucle> p[] plant is issu$ any clean electricity cr$its "u section #faa ( ! ,public ,utility ,regulatory ,policies ,act ( #aigh 7z add$ by section #djb ( ?is ,act7 9 a cal5d> ye> 9 :i* su* own] or op]ator is issu$ z]o-emissions cr$its1 ! ,secret>y %all r$uce ! am\nt paid = su* z]o-emissions cr$its by ! value ( su* clean electricity cr$its4 7d7 ,t]m9ation date ,! ,z]o-,emissions ,cr$it ,program %all t]m9ate on ! date t is #e ye>s aft] ! program effective date4 7e7 ,rulemak+ ,n lat] ?an #a ye> aft] ! date ( enactm5t ( ?is section1 ! ,secret>y %all issue a f9al rule to c>ry out ?is section4 7f7 ,def9itions ,9 ?is section3 7#a7 ,clean electricity cr$it ,! t]m clean electricity cr$it has ! mean+ giv5 su* t]m 9 section #faa7;g7 ( ! ,public ,utility ,regulatory ,policies ,act ( #aigh 7z add$ by section #djb ( ?is ,act74 7#b7 ,organiz$ p[] m>ket ,! t]m organiz$ p[] m>ket means any m>ket t is controll$ by a ,regional ,transmission ,organization or an ,indep5d5t ,sy/em ,op]ator1 z su* t]ms are def9$ 9 section #c ( ! ,f$]al ,p[] ,act 7#af ,u4,s4,c4 #gif74 7#c7 ,program effective date ,! t]m program effective date has ! mean+ giv5 su* t]m 9 section #faa7;g7 ( ! ,public ,utility ,regulatory ,policies ,act ( #aigh 7z add$ by section #djb ( ?is ,act74 7#d7 ,qualifi$ nucle> p[] plant 7,a7 ,9 g5]al ,! t]m qualifi$ nucle> p[] plant means any nucle> p[] plant ! ,secret>y det]m9es1 by n lat] ?an #b ye>s aft] ! date ( enactm5t ( ?is ,act & bas$ on an application submitt$ by su* plant to ! ,secret>y1 is n f9ancially viable or w o!rwise be requir$ to retire if x does n receive z]o-emissions cr$its "u ! ,z]o-,emissions ,cr$it ,program4 7,b7 ,exclusion ,! t]m qualifi$ nucle> p[] plant does n include a nucle> p[] plant ) respect to :i* a tax cr$it "u section #dh ( ! ,int]nal ,rev5ue ,code ( #aihf is claim$ 9 ! taxable ye> prior to ! taxable ye> 9 :i* ! ,secret>y makes ! det]m9ation "u subp>agraph 7,a74 7#e7 ,z]o-emissions cr$it ,! t]m z]o-emissions cr$it means a cr$it issu$ by ! ,secret>y "u ! ,z]o-,emissions ,cr$it ,program t repres5ts #a megawatt-h\r ( electricity sold by ! own] or op]ator ( a qualifi$ nucle> p[] plant to an organiz$ p[] m>ket4 #cjb4 ,inve/m5t tax cr$it = nucle> en]gy prop]ty 7a7 ,9 g5]al ,section #dh7;a77#c77;,a7 ( ! ,int]nal ,rev5ue ,code ( #aihf1 z am5d$ by section #bjd1 is am5d$ by /rik+ or at ! end ( clause 7xi71 by add+ or at ! end ( clause 7xii71 & by add+ at ! end ! foll[+ new clause3 7xiii7 qualifi$ nucle> en]gy prop]ty4 4 7b7 ,eligible = #cj-,p]c5t cr$it ,section #dh7;a77#b77;,a77i7 ( su* ,code is am5d$ by /rik+ & 9 subclause 7,,iv7 & by add+ at ! end ! foll[+ new subclause3 7,,vi7 en]gy prop]ty describ$ 9 p>agraph 7#c77;,a77xiii71 b only ) respect to prop]ty plac$ 9 s]vice be=e ,janu>y #a1 #bjbd1 & 4 7c7 ,qualifi$ nucle> en]gy prop]ty ,section #dh7;c7 ( su* ,code1 z am5d$ by section #bjd1 is am5d$ by add+ at ! end ! foll[+ new p>agraph3 7#aj7 ,qualifi$ nucle> en]gy prop]ty 7,a7 ,9 g5]al ,! t]m qualifi$ nucle> en]gy prop]ty means1 ) respect to a qualify+ nucle> p[] plant-- 7i7 am\nts paid or incurr$ = ! refuel+ ( su* p[] plant1 & 7ii7 any exp5diture describ$ 9 section #bfc7;a74 7,b7 ,qualify+ nucle> p[] plant ,! t]m qualify+ nucle> p[] plant means a nucle> p[] plant :i*-- 7i7 submits an application = lic5se r5ewal to ! ,nucle> ,regulatory ,commission 9 accordance ) "p #ed ( title #aj1 ,code ( ,f$]al ,regulations1 be=e ,janu>y #a1 #bjbf1 or 7ii7 c]tifies to ! ,secret>y 7at su* "t & 9 su* =m & 9 su* mann] z ! ,secret>y may prescribe7 t su* plant w submit an application = lic5se r5ewal to ! ,nucle> ,regulatory ,commission 9 accordance ) "p #ed ( title #aj1 ,code ( ,f$]al ,regulations1 be=e ,janu>y #a1 #bjbf4 7,c7 ,special rules 7i7 ,basis ,= purposes ( subsection 7a71 ! cumulative am\nts paid or incurr$ by ! taxpay] dur+ ! taxable ye> ) respect to a qualify+ nucle> p[] plant :i* are prop]ly *>geable to capital acc\nt %all be treat$ z ! basis ( ! qualifi$ nucle> en]gy prop]ty plac$ 9 s]vice = t taxable ye>4 7ii7 ,plac$ 9 s]vice ,= purposes ( subsection 7a71 qualifi$ nucle> en]gy prop]ty %all be treat$ z hav+ be5 plac$ 9 s]vice on ! la/ day ( ! taxable ye> 9 :i* ! taxpay] pays or incurs su* am\nts describ$ 9 clause 7i74 7iii7 ,recapture ,! ,secret>y %all provide by regulations = ! recapture ( any cr$it all[able "u subsection 7a7 to any qualify+ nucle> p[] plant :i* makes a c]tification pursuant to subp>agraph 7,b7 b does n file an application ( lic5se r5ewal to ! ,nucle> ,regulatory ,commission 9 accordance ) "p #ed ( title #aj1 ,code ( ,f$]al ,regulations1 be=e ,janu>y #a1 #bjbf4 4 7d7 ,phase\t ( #cj-,p]c5t cr$it rate = nucle> en]gy prop]ty ,section #dh7;a7 ( su* ,code is am5d$ by add+ at ! end ! foll[+ new p>agraph3 7#h7 ,phase\t = qualifi$ nucle> en]gy prop]ty ,9 ! case ( qualifi$ nucle> en]gy prop]ty1 ! en]gy p]c5tage det]m9$ "u p>agraph 7#b7 %all be equal to-- 7,a7 9 ! case ( any prop]ty plac$ 9 s]vice aft] ,decemb] #ca1 #bjbc1 & be=e ,janu>y #a1 #bjbe1 #bf p]c5t1 & 7,b7 9 ! case ( any prop]ty plac$ 9 s]vice aft] ,decemb] #ca1 #bjbb1 & be=e ,janu>y #a1 #bjbf1 #bb p]c5t4 4 7e7 ,coord9ation ) cr$it = production f advanc$ nucle> p[] facilities ,section #dh7;a77#c7 ( su* ,code is am5d$ by ins]t+ or section #de;,j aft] section #de4 7f7 ,transf] ( cr$it by c]ta9 public entities 7#a7 ,9 g5]al ,section #dh ( su* ,code is am5d$ by add+ at ! end ! foll[+ new subsection3 7e7 ,special rule = qualifi$ nucle> en]gy prop]ty 7#a7 ,9 g5]al ,9 ! case ( any qualifi$ nucle> en]gy prop]ty1 if1 ) respect to a cr$it "u subsection 7a7 = any taxable ye>-- 7,a7 ! taxpay] is a qualifi$ public entity1 & 7,b7 su* qualifi$ public entity elects ! application ( ?is subsection = su* taxable ye> ) respect to su* cr$it 7or any portion !re(71 ! eligible project p>tn] specifi$ 9 su* election %all be treat$ z ! taxpay] = purposes ( ?is title ) respect to su* cr$it 7or su* portion !re(74 7#b7 ,def9itions ,= purposes ( ?is subsection3 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 section #acha7;a77#b71 or 7iii7 a n-=-pr(it electric utility :i* 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-- 7i7 any p]son responsible = op]at+1 ma9ta9+1 or repair+ ! qualify+ nucle> p[] plant to :i* ! cr$it "u subsection 7a7 relates1 7ii7 any p]son :o p>ticipates 9 ! provision ( ! nucle> /eam supply sy/em to ! qualify+ nucle> p[] plant to :i* ! cr$it "u subsection 7a7 relates1 7iii7 any p]son :o p>ticipates 9 ! provision ( nucle> fuel to ! qualify+ nucle> p[] plant to :i* ! cr$it "u subsection 7a7 relates1 or 7iv7 any p]son :o has an own]%ip int]e/ 9 su* facility4 7#c7 ,special rules 7,a7 ,application to p>tn]%ips ,9 ! case ( a cr$it "u subsection 7a7 :i* is det]m9$ ) respect to qualifi$ nucle> en]gy prop]ty 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 subsection 7e71 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 4 7#b7 ,special rule = proce$s ( transf]s = mutual or coop]ative electric companies ,section #eja7;c77#ab7 ( su* ,code is am5d$ by add+ at ! end ! foll[+ new subp>agraph3 7,k7 ,9 ! case ( a mutual or coop]ative electric company describ$ 9 ?is p>agraph or an organization describ$ 9 section #acha7;a77#b71 income receiv$ or accru$ 9 connection ) an election "u section #dh7;e7 %all be treat$ z an am\nt collect$ f memb]s = ! sole purpose ( meet+ losses & exp5ses4 4 7g7 ,con=m+ am5dm5t ,section #dh7;a77#b77;,a7 ( su* ,code is am5d$ by /rik+ p>agraphs 7#f7 & 7#g7 & ins]t+ p>agraphs 7#f71 7#g71 & 7#h74 7h7 ,effective date ,! am5dm5ts made by ?is section %all apply to p]iods aft] ,decemb] #ca1 #bjbj1 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 ! enactm5t ( ! ,rev5ue ,reconciliation ,act ( #aiij74 #cjc4 ,exp&+ ,f$]al clean electricity pur*as+ requirem5ts 7a7 ,f$]al pur*ase requirem5t ,section #bjc ( ! ,en]gy ,policy ,act ( #bjje 7#db ,u4,s4,c4 #aeheb7 is am5d$-- 7#a7 9 subsection 7a71 by /rik+ 1 ! foll[+ am\nts %all be r5ewable en]gy3 & ins]t+ 1 su* am\nt %all be made up ( ! foll[+32 7#b7 9 subsection 7a77#a71 by ins]t+ %all be r5ewable en]gy aft] #bjji2 7#c7 9 subsection 7a77#b71 by ins]t+ %all be r5ewable en]gy aft] #bjab2 7#d7 9 subsection 7a77#c71 by /rik+ #g4e p]c5t 9 fiscal ye> #bjac & ea* fiscal ye> !reaft]4 & ins]t+ #g4e p]c5t 9 fiscal ye>s #bjac ?r\gh #bjbj %all be r5ewable en]gy42 7#e7 9 subsection 7a71 by add+ at ! end ! foll[+3 7#d7 ,n less ?an #ce p]c5t 9 fiscal ye> #bjba & ea* ye> !reaft] %all be clean electricity4 2 7#f7 9 subsection 7b71 by add+ at ! end ! foll[+3 7#c7 ,clean electricity ,! t]m clean electricity means-- 7,a7 r5ewable en]gy2 7,b7 electric en]gy g5]at$ by a nucle> p[] plant2 & 7,c7 electric en]gy g5]at$ by a p[] plant equipp$ ) c>bon capture utilization & /orage te*nology1 f :i* at lea/ #ij p]c5t ( ! c>bon dioxide output ( su* plant is captur$ & utiliz$1 or /or$ 9 a mann] t prev5ts emission to ! atmosph]e4 2 7#g7 9 subsection 7c71 by /rik+ r5ewable en]gy & ins]t+ clean electricity 9 ea* place x occurs2 7#h7 by r$esignat+ subsection 7d7 z subsection 7e72 & 7#i7 by ins]t+ aft] subsection 7c7 ! foll[+3 7d7 ,p[] pur*ase agreem5t ,= ! purposes ( ?is section1 ! ,secret>y may ent] into a p[] pur*ase agreem5t = any am\nt ( ! electricity g5]at$ by a nucle> p[] plant = ! duration ( ! op]ational life ( su* nucle> p[] plant if su* nucle> p[] plant supplies electricity = purposes ( national security or mission-critical activities4 4 7b7 ,long-,t]m nucle> p[] pur*ase agreem5t pilot program ,subtitle ,b ( title ,,vi ( ! ,en]gy ,policy ,act ( #bjje is am5d$ by add+ at ! end ! foll[+3 #fci;,a4 ,long-t]m nucle> p[] pur*ase agreem5t pilot program 7a7 ,e/abli%m5t ,! ,secret>y %all e/abli% & c>ry out a pilot program to ent] into long-t]m p[] pur*ase agreem5ts = electricity g5]at$ by comm]cial nucle> p[] plants4 7b7 ,requirem5ts ,9 c>ry+ out ! pilot program e/abli%$ "u subsection 7a71 ! ,secret>y %all-- 7#a7 consult & coord9ate ) ! heads ( o!r ,f$]al ag5cies t may b5efit f pur*as+ nucle> p[] = a p]iod ( long] ?an #aj ye>s1 includ+-- 7,a7 ! ,secret>y ( ,def5se2 7,b7 ! ,adm9i/rator ( ,g5]al ,s]vices2 & 7,c7 ! ,secret>y ( ,homel& ,security2 & 7#b7 n lat] ?an #aj ye>s aft] ! date ( enactm5t ( ?is section1 ent] into at lea/ #a p[] pur*ase agreem5t ) ! own] or op]ator ( a comm]cial nucle> p[] plant = up to #cj ye>s4 7c7 ,priority ,9 c>ry+ out ! pilot program e/abli%$ "u subsection 7a71 ! ,secret>y %all prioritize ent]+ into a p[] pur*ase agreem5t ) ! own] or op]ator ( a comm]cial nucle> p[] plant-- 7#a7 to :i* a lic5se is issu$ "u section #ajc ( ! ,atomic ,en]gy ,act ( #aied 7#db ,u4,s4,c4 #bacc7 aft] ,janu>y #a1 #bjba2 7#b7 t uses fir/-(-a-k9d or e>ly deploym5t nucle> te*nology2 & 7#c7 t c provide reliable & resili5t p[]-- 7,a7 to high-value assets = national security purposes2 or 7,b7 = o!r purposes t ! ,secret>y det]m9es are 9 ! national int]e/1 includ+ 9 remote (f-grid sc5>ios or grid-connect$ sc5>ios = :i* su* comm]cial nucle> p[] plant c provide capabilities commonly kn[n z isl&+ p[] capabilities4 7d7 ,effect on rates ,a p[] pur*ase agreem5t ent]$ into "u ?is section may be at a rate t is high] ?an ! av]age m>ket rate if ! p[] pur*ase agreem5t fulfills a purpose describ$ 9 subsection 7c74 4 7c7 ,table ( cont5ts ,! table ( cont5ts ( ! ,en]gy ,policy ,act ( #bjje 7,public ,law #aji-eh2 #aai ,/at4 #eid7 is am5d$ by ins]t+ aft] ! item relat+ to section #fci ! foll[+3 ,sec4 #fci;,a4 ,long-t]m nucle> p[] pur*ase agreem5t pilot program4 4 7d7 ,au?orization ( long-,t]m p[] pur*ase agreem5ts ,section #eja7;b77#a7 ( title #dj1 ,unit$ ,/ates ,code1 is am5d$ by /rik+ subp>agraph 7,b7 & ins]t+ ! foll[+3 7,b7 ,public utility contracts 7i7 ,t]m 7,i7 ,9 g5]al ,a contract "u ?is p>agraph to pur*ase electricity s]vice f a public utility may be = a p]iod ( n m ?an #dj ye>s4 7,,ii7 ,o!r public utility s]vices ,a contract "u ?is p>agraph = a public utility s]vice o!r ?an a s]vice describ$ 9 subclause 7,i7 may be = a p]iod ( n m ?an #aj ye>s4 7ii7 ,co/s ,! co/ ( a contract "u ?is p>agraph = any fiscal ye> may only be paid f ! appropriations = t fiscal ye>4 4 #cjd4 ,mod]niz+ ! ,nucle> ,regulatory ,commission 7a7 ,r$uc+ ! adm9i/rative burd5 ( lic5s+ advanc$ nucle> reactors 7#a7 ,report ,n lat] ?an #ij days aft] ! date ( enactm5t ( ?is section1 ! ,commission %all submit to ! ,committee on ,en]gy & ,comm]ce ( ! ,h\se ( ,repres5tatives & ! ,committee on ,en]gy & ,natural ,res\rces ( ! ,s5ate a report t recomm5ds h[ to improve ! processes1 proc$ures1 &1 if appropriate1 regulations ( ! ,commission ) respect to lic5s+1 c]tification1 & approval ( advanc$ nucle> reactors pursuant to ! ,atomic ,en]gy ,act ( #aied 7#db ,u4,s4,c4 #bjaa et seq474 7#b7 ,requir$ recomm5dations ,! report submitt$ "u p>agraph 7#a7 %all include recomm5dations to-- 7,a7 improve1 accel]ate1 & r$uce ! co/ ( all ,commission actions ) respect to lic5s+1 c]tification1 & approval ( advanc$ nucle> reactors pursuant to ! ,atomic ,en]gy ,act ( #aied 7#db ,u4,s4,c4 #bjaa et seq471 includ+ actions to improve compliance ) section #ajb7b77;,c7 ( ! ,national ,environm5tal ,policy ,act ( #aifi 7#db ,u4,s4,c4 #dccb7b77;,c772 7,b7 emphasize risk-in=m$ & p]=mance-bas$ regulatory approa*es2 & 7,c7 enable ! ,commission to f9alize review ( an application = c]tification ( a design ( an advanc$ nucle> reactor pursuant to ! ,atomic ,en]gy ,act ( #aied 7#db ,u4,s4,c4 #bjaa et seq47 by n lat] ?an #b ye>s aft] ! date on :i* su* application is fil$4 7#c7 ,def9itions ,9 ?is subsection3 7,a7 ,advanc$ nucle> reactor ,! t]m advanc$ nucle> reactor has ! mean+ giv5 su* t]m 9 section #iea7;b77#a7 ( ! ,en]gy ,policy ,act ( #bjje 7#db ,u4,s4,c4 #afbga7;b77#a774 7,b7 ,commission ,! t]m ,commission means ! ,nucle> ,regulatory ,commission4 7b7 ,/udy on elim9ation ( =eign lic5s+ re/rictions ,n lat] ?an #ah mon?s aft] ! date ( enactm5t ( ?is section1 ! ,comptroll] ,g5]al1 9 consultation ) ! ,secret>y1 %all submit to ,congress a report conta9+ ! results ( a /udy on ! feasibility & implications ( repeal+ re/rictions relat$ to =eign own]%ip & control "u sections #ajc d4 & #ajd d4 ( ! ,atomic ,en]gy ,act ( #aied 7#db ,u4,s4,c4 #bacc7;d7 & #bacd7;d774 7c7 ,/udy on ! impact ( ! elim9ation ( m&atory he>+s = unconte/$ lic5s+ applications ,n lat] ?an #ah mon?s aft] ! date ( enactm5t ( ?is section1 ! ,comptroll] ,g5]al1 9 consultation ) ! ,secret>y1 %all submit to ,congress a report conta9+ ! results ( a /udy on ! e/imat$ effect ( elim9at+ ! requirem5t "u section #ahi ( ! ,atomic ,en]gy ,act ( #aied 7#db ,u4,s4,c4 #bbci7 to hold a he>+ = unconte/$ applications4 7d7 ,def9itions ,section #aa ( ! ,atomic ,en]gy ,act ( #aied 7#db ,u4,s4,c4 #bjad7 is am5d$ by add+ at ! end ! foll[+3 jj4 ,e>ly site p]mit ,9 sections #ahb1 #ahi1 & #aid1 ! t]m e>ly site p]mit has ! mean+ giv5 su* t]m 9 section #eb4a ( title #aj1 ,code ( ,f$]al ,regulations 7z 9 effect on ! date ( enactm5t ( ?is subsection74 4 7e7 ,application reviews = nucle> en]gy projects 7#a7 ,lic5se applications ,section #ahb ( ! ,atomic ,en]gy ,act ( #aied 7#db ,u4,s4,c4 #bbcb7 is am5d$ by add+ at ! end ! foll[+3 e4 ,/reaml9+ application review ,) respect to an application = a con/ruction p]mit1 op]at+ lic5se1 or comb9$ con/ruction p]mit & op]at+ lic5se1 ! ,commission %all-- 7#a7 und]take an exp$it$ environm5tal review process & issue any draft environm5tal impact /atem5ts 7z requir$ pursuant to section #ajb7b77;,c7 ! ,national ,environm5tal ,policy ,act ( #aifi 7#db ,u4,s4,c4 #dccb7b77;,c777 = ! application n lat] ?an #ab mon?s aft] ! date on :i* ! application is accept$ = docket+2 & 7#b7 complete ! te*nical review process ( ! application1 issue any safety evaluation reports1 & issue any f9al environm5tal impact /atem5ts 7z requir$ pursuant to section #ajb7b77;,c7 ! ,national ,environm5tal ,policy ,act ( #aifi 7#db ,u4,s4,c4 #dccb7b77;,c777 = ! application n lat] ?an #bd mon?s aft] ! date on :i* ! application is accept$ = docket+4 f4 ,production or utilization facility locat$ at an exi/+ site ,9 review+ an application = an e>ly site p]mit1 con/ruction p]mit1 op]at+ lic5se1 or comb9$ con/ruction p]mit & op]at+ lic5se = a propos$ production facility or utilization facility t is to be locat$ at ! site ( a production facility or utilization facility = :i* an e>ly site p]mit1 con/ruction p]mit1 op]at+ lic5se1 or comb9$ con/ruction p]mit & op]at+ lic5se has be5 issu$1 ! ,commission %all1 to ! ext5t practicable1 use in=mation t 0 "p ( ! det]m9ation to issue ! lic5se = su* production facility or utilization facility4 4 7#b7 ,use ( e>ly site p]mit environm5tal impact /atem5t ,*apt] #af ( ! ,atomic ,en]gy ,act ( #aied 7#db ,u4,s4,c4 #bbca et seq47 is am5d$ by add+ at ! end ! foll[+3 #aid4 ,use ( e>ly site p]mit environm5tal impact /atem5t a4 ,supplem5tal environm5tal impact /atem5t ,any environm5tal impact /atem5t requir$ pursuant to section #ajb7b77;,c7 ! ,national ,environm5tal ,policy ,act ( #aifi 7#db ,u4,s4,c4 #dccb7b77;,c77 = purposes ( issu+ a con/ruction p]mit1 op]at+ lic5se1 or comb9$ con/ruction p]mit & op]at+ lic5se = a production facility or utilization facility1 = :i* an e>ly site p]mit has be5 issu$1 %all be prep>$ z a supplem5t to ! environm5tal impact /atem5t prep>$ = su* e>ly site p]mit4 b4 ,incorporation by ref]5ce ,a supplem5tal environm5tal impact /atem5t prep>$ "u subsection a4 %all-- 7#a7 incorporate by ref]5ce ! analysis1 f9d+s1 & conclusions f ! environm5tal impact /atem5t prep>$ = ! applicable e>ly site p]mit2 & 7#b7 include additional discussion1 analysis1 f9d+s1 & conclusions on matt]s resolv$ 9 ! e>ly site p]mit proce$+ only to ! ext5t necess>y to address in=mation t-- 7,a7 is new2 & 7,b7 w\ld mat]ially *ange ! prior f9d+s or conclusions4 4 7f7 ,he>+s 7#a7 ,9 g5]al ,section #ahi ( ! ,atomic ,en]gy ,act ( #aied 7#db ,u4,s4,c4 #bbci7 is am5d$-- 7,a7 9 subsection a4 7#a7 7,b7-- 7i7 by /rik+ clause 7iv72 & 7ii7 by r$esignat+ clause 7v7 z clause 7iv72 & 7,b7 by add+ at ! end ! foll[+3 c4 ,he>+ proc$ures ,all he>+s "u ?is section %all be conduct$ us+ in=mal adjudicatory proc$ures1 unless ! ,commission det]m9es t =mal adjudicatory proc$ures are necess>y-- 7#a7 to develop a suffici5t record2 or 7#b7 to a*ieve fairness4 d4 ,he>+ on e>ly site p]mit1 con/ruction p]mit1 op]at+ lic5se1 & comb9$ con/ruction p]mit & op]at+ lic5se 7#a7 ,9 g5]al ,not)/&+ any out/&+ reque/ = a he>+1 ! ,commission %all issue & make imm$iately effective any e>ly site p]mit1 con/ruction p]mit1 op]at+ lic5se1 or comb9$ con/ruction p]mit & op]at+ lic5se = a production facility or utilization facility ^u ! ,commission's f9d+ t ! application !re= satisfies ! requirem5ts ( ?is ,act4 7#b7 ,appropriate action ,foll[+ completion ( any requir$ he>+1 ! ,commission %all take any appropriate action ) respect to ! e>ly site p]mit1 con/ruction p]mit1 op]at+ lic5se1 or comb9$ con/ruction p]mit & op]at+ lic5se to ! ext5t necess>y to acc\nt = ! decision 9 any su* requir$ he>+4 4 7#b7 ,lic5s+ ( uranium enri*m5t facilities ,section #aic7;b7 ( ! ,atomic ,en]gy ,act ( #aied 7#db ,u4,s4,c4 #bbdc7;b77 is am5d$-- 7,a7 by am5d+ p>agraph 7#a7 to read z foll[s3 7#a7 ,9 g5]al ,^u a reque/ = a he>+ on ! lic5s+ ( con/ruction & op]ation ( a uranium enri*m5t facility "u sections #ec & #fc1 ! ,commission %all conduct a s+le adjudicatory he>+4 2 & 7,b7 9 p>agraph 7#b71 by /rik+ ,su* he>+ & ins]t+ ,if a he>+ is held "u p>agraph 7#a71 ! he>+4 7g7 ,te*nical am5dm5t ,section #ajc d4 ( ! ,atomic ,en]gy ,act ( #aied 7#db ,u4,s4,c4 #bacc;d47 is am5d$ by /rik+ or any any & ins]t+ or any4 7h7 ,au?orization ( appropriations 7#a7 ,9 g5]al ,!re are au?oriz$ to be appropriat$ to c>ry out subsections 7a71 7b71 & 7c7 #bj1jjj1jjj = ea* ( fiscal ye>s #bjba ?r\gh #bjca1 to rema9 available until exp5d$4 7#b7 ,(f-fee appropriation ,any funds appropriat$ to c>ry out subsections 7a71 7b71 & 7c7 may n be recov]$ by ! ,commission ?r\gh ! collection ( us] fees f exi/+ lic5sees4 #cje4 ,demon/ration & e>ly deploym5t ( advanc$ nucle> reactors 7a7 ,demon/ration projects ,section #iei;,a7c7 ( ! ,en]gy ,policy ,act ( #bjje 7#db ,u4,s4,c4 #afbgi;a7c77 is am5d$-- 7#a7 by r$esignat+ p>agraphs 7#a7 ?r\gh 7#aj7 z p>agraphs 7#b7 ?r\gh 7#aa71 respectively2 7#b7 by ins]t+ aft] ! ,secret>y %all-- ! foll[+3 7#a7 n lat] ?an ,decemb] #ca1 #bjbe1 e/abli% a program to ent] into agreem5ts to c>ry out no few] ?an #e demon/ration projects pursuant to subsection 7b77#a7 to demon/rate ! suitability ( advanc$ nucle> reactors = comm]cial applications2 2 7#c7 9 p>agraph 7#aj77;,a71 z r$esignat$ by p>agraph 7#a7 ( ?is subsection1 by /rik+ p>agraph 7#h7 & ins]t+ p>agraph 7#i72 & 7#d7 9 p>agraph 7#aa71 z r$esignat$ by p>agraph 7#a7 ( ?is subsection1 by /rik+ p>agraph 7#h7 & ins]t+ p>agraph 7#i7 & by /rik+ p>agraph 7#i7 & ins]t+ p>agraph 7#aj74 7b7 ,rese>* & developm5t goals ,section #iei;,a ( su* ,act 7#db ,u4,s4,c4 #afbgi;a7c77 is am5d$-- 7#a7 by r$esignat+ subsection 7f7 z subsection 7g72 & 7#b7 by ins]t+ aft] subsection 7e7 ! foll[+3 7f7 ,rese>* goals 7#a7 ,9 g5]al ,! ,secret>y %all e/abli% & annually update goals = ! rese>* to support ! demon/ration ( advanc$ reactors "u subsection 7c7 & ! deploym5t ( subsequ5t advanc$ reactors4 7#b7 ,coord9ation ,9 develop+ & updat+ ! goals1 ! ,secret>y %all coord9ate ) memb]s ( private indu/ry4 7#c7 ,requirem5ts ,9 develop+ ! goals1 ! ,secret>y %all ensure t-- 7,a7 rese>* activities are focus$ on-- 7i7 key areas ( nucle> rese>*1 developm5t1 & deploym5t t range f basic rese>* on advanc$ nucle> reactor g5]ation to full-design developm5t1 safety evaluation1 & lic5s+2 7ii7 resolv+ mat]ials *all5ges relat+ to radiation damage or corrosive coolants2 & 7iii7 qualification ( advanc$ nucle> fuel2 7,b7 infra/ructure1 su* z a v]satile reactor-bas$ fa/ neutron s\rce1 :i* is requir$ to be e/abli%$ 9 section #iee7;c77#a71 or a molt5 salt te/+ facility to aid 9 rese>*1 is con/ruct$2 & 7,c7 advanc$ manufactur+ & con/ruction te*niques & mat]ials are analyz$ to id5tify /rategies to r$uce ! comm]cialization co/ ( advanc$ nucle> reactors4 4 7c7 ,au?orization ( appropriations ,!re are au?oriz$ to be appropriat$ to ! ,secret>y #a1ejj1jjj1jjj = ea* ( fiscal ye>s #bjbb ?r\gh #bjbc = ea* ( ! foll[+3 7#a7 ,gateway = ,accel]at$ ,innovation 9 ,nucle> v\*]s4 7#b7 ,advanc$ nucle> te*nology developm5t fund+ opportunity ann\ncem5ts4 7#c7 ,advanc$ small modul> nucle> reactor rese>* & developm5t4 7#d7 ,! advanc$ reactor demon/ration program4 7#e7 ,! ,nucle> ,reactor ,innovation ,c5t]4 7d7 ,au?orization ( appropriation ,section #bjja7;c7 ( division ,z ( ! ,consolidat$ ,appropriations ,act1 #bjba 7,public ,law #aaf-bfj7 is am5d$ to read z foll[s3 7c7 ,au?orization ( appropriations ,!re are au?oriz$ to be appropriat$ to ! ,secret>y to c>ry out rese>*1 developm5t1 demon/ration1 & transportation activities 9 ?is section #cej1jjj1jjj = ea* ( fiscal ye>s #bjbb ?r\gh #bjca4 4 #cjf4 ,au?orization ( appropriations = loan gu>antees = advanc$ nucle> facilities ,section #agjd ( ! ,en]gy ,policy ,act ( #bjje 7#db ,u4,s4,c4 #afead7 is am5d$ by add+ at ! end ! foll[+3 7c7 ,advanc$ nucle> en]gy facilities ,!re are au?oriz$ to be appropriat$ to ! ,secret>y to make gu>antees "u section #agjc7;b77#d7 #aj1jjj1jjj1jjj = ea* ( fiscal ye>s #bjbb ?r\gh #bjca1 to rema9 available until exp5d$4 4 #cjg4 ,exp&+ ! production tax cr$it = nucle> p[] 7a7 ,9 g5]al ,section #de;,j ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$-- 7#a7 9 subsection 7a77#a71 by /rik+ #a4h c5ts & ins]t+ #b4g c5ts2 & 7#b7 9 subsection 7b77#e77;,b77i71 by /rik+ #f1jjj megawatts & ins]t+ #ae1jjj megawatts4 7b7 ,effective date ,! am5dm5ts made by ?is section %all apply to taxable ye>s beg9n+ aft] ,decemb] #ca1 #bjbj4 ,,iv ,clean ,electricity ,/&>d #dja4 ,c]tification ( co/-effective m>ket p5etration ( clean electricity te*nologies 7a7 ,9 g5]al ,title ,,vi ( ! ,public ,utility ,regulatory ,policies ,act ( #aigh 7#af ,u4,s4,c4 #bfja et seq47 is am5d$ by add+ at ! end ! foll[+3 #faj4 ,f$]al dec>bonization & innovation assessm5t program 7a7 ,9 g5]al ,n lat] ?an #b ye>s aft] ! date ( enactm5t ( ?is section1 ! ,secret>y1 aft] consultation ) ! ,adm9i/rator ( ! ,environm5tal ,protection ,ag5cy1 %all e/abli% a program1 to be kn[n z ! ,f$]al ,dec>bonization & ,innovation ,assessm5t ,program1 to annually review & monitor progress t[>ds-- 7#a7 an #hj p]c5t r$uction 9 ! am\nt ( c>bon dioxide emitt$ by electricity g5]ators1 relative to ! am\nt ( su* emissions on ! date ( enactm5t ( ?is section1 by #bjej2 & 7#b7 co/-effective m>ket p5etration ( eligible te*nologies1 z det]m9$ by ! ,secret>y "u subsection 7b74 7b7 ,co/-,effective m>ket p5etration ,! ,secret>y %all det]m9e t eligible te*nologies h a*iev$ co/-effective m>ket p5etration if-- 7#a7 at lea/ #c gigawatts ( new electricity g5]at+ capacity us+ any type ( eligible te*nology has come into comm]cial op]ation s9ce ! date ( enactm5t ( ?is section1 provid$ t-- 7,a7 less ?an #ej p]c5t ( ! capital co/s ( su* new electricity g5]at+ capacity has be5 subsidiz$ ) ,f$]al funds2 & 7,b7 at lea/ #a gigawatt ( su* capacity is coal-fir$ electricity g5]at+ capacity t is equipp$ ) c>bon capture utilization & /orage te*nology1 f :i* at lea/ #ij p]c5t ( ! c>bon dioxide output is captur$ & utiliz$ or /or$ 9 a mann] t prev5ts emission to ! atmosph]e2 & 7#b7 at lea/ "o type ( eligible te*nology-- 7,a7 has simil> op]at+ *>act]i/ics z fossil-fuel$ electricity g5]ation te*nology1 su* z dispat*ability ^u dem&2 & 7,b7 bas$ on data provid$ by ! ,en]gy ,in=mation ,adm9i/ration1 has a total co/ ( electricity g5]ation t is n m ?an #aj p]c5t high] ?an ! av]age total co/ ( electricity g5]ation f fossil-fuel$ electricity g5]ators t 7 con/ruct$ n e>li] ?an #e ye>s prior to ! date ( enactm5t ( ?is section4 7c7 ,c]tification ( co/-,effective m>ket p5etration ,^u mak+ ! det]m9ation describ$ "u subsection 7b71 b no e>li] ?an ! date t is #e ye>s aft] ! date ( enactm5t ( ?is section1 ! ,secret>y %all c]tify t co/-effective m>ket p5etration ( eligible te*nology has occurr$4 7d7 ,def9itions ,9 ?is section3 7#a7 ,advanc$ dispat*able r5ewable en]gy sy/em ,! t]m advanc$ dispat*able r5ewable en]gy sy/em means an integrat$ sy/em ( en]gy /orage te*nology deploy$ ) w9d or sol> electricity g5]ation te*nology = :i* ! ,secret>y has det]m9$ t ! availability ( su* integrat$ sy/em to be dispat*$ to support ongo+ electric grid reliability is simil> to t ( fossil-fuel$ electricity g5]ation te*nology4 7#b7 ,advanc$ nucle> p[] g5]ation te*nology ,! t]m advanc$ nucle> p[] g5]ation te*nology has ! mean+ giv5 ! t]m advanc$ nucle> reactor 9 section #iea7;b7 ( ! ,en]gy ,policy ,act ( #bjje 7#db ,u4,s4,c4 #afbga74 7#c7 ,eligible te*nology ,! t]m eligible te*nology means any ( ! foll[+3 7,a7 ,advanc$ nucle> p[] g5]ation te*nology4 7,b7 ,advanc$ dispat*able r5ewable en]gy sy/em4 7,c7 ,fossil-fuel$ electricity g5]ation te*nology equipp$ ) c>bon capture utilization & /orage te*nology1 f :i* at lea/ #ij p]c5t ( ! c>bon dioxide output ( ! fossil-fuel$ electricity g5]ation te*nology is-- 7i7 captur$ & utiliz$2 or 7ii7 /or$ 9 a mann] t prev5ts emission to ! atmosph]e4 4 7b7 ,con=m+ am5dm5t ,section #a7;b7 ( ! ,public ,utility ,regulatory ,policies ,act ( #aigh is am5d$ by add+ aft] ! item relat+ to section #fjh ! foll[+3 ,sec4 #fji4 ,rural & remote communities electrification grants4 ,sec4 #faj4 ,f$]al dec>bonization & innovation assessm5t program4 4 #djb4 ,f$]al clean electricity /&>d 7a7 ,,purpa ,am5dm5ts 7#a7 ,9 g5]al ,title ,,vi ( ! ,public ,utility ,regulatory ,policies ,act ( #aigh 7#af ,u4,s4,c4 #bfja et seq47 is fur!r am5d$ by add+ aft] section #faj 7z add$ by ?is ,act7 ! foll[+3 #faa4 ,clean electricity /&>d 7a7 ,clean electricity cr$it program ,n lat] ?an #ahj days aft] ! program trigg] date & 9 accordance ) ?is section1 ! ,secret>y %all e/abli% a program-- 7#a7 to r$uce ! am\nt ( c>bon dioxide t is emitt$ by electricity g5]ators2 & 7#b7 "u :i* clean electricity cr$its are issu$1 track$1 & surr5d]$4 7b7 ,issuance ( clean electricity cr$its 7#a7 ,9 g5]al ,= ea* cal5d> ye>1 beg9n+ on ! program effective date1 ! ,secret>y %all issue clean electricity cr$its to ea* qualify+ electricity g5]ator 9 ! am\nt det]m9$ "u p>agraph 7#b74 7#b7 ,det]m9ation ( cr$its issu$ ,except z provid$ 9 p>agraph 7#c71 ! numb] ( clean electricity cr$its issu$ "u p>agraph 7#a7 %all be ! numb] t is equal to-- 7,a7 ! numb] ( megawatt-h\rs ( electricity sold by ! qualify+ electricity g5]ator2 multipli$ by 7,b7 ! numb] t is equal to-- 7i7 #a4j2 less 7ii7 ! numb] t is equal to-- 7,i7 ! annual c>bon int5sity ( ! qualify+ electricity g5]ator2 divid$ by 7,,ii7 #j4hb4 7#c7 ,use ( dynamic cr$it+ me?odology ,if a dynamic cr$it+ me?odology is approv$ "u section #fab7;c71 ! ,secret>y %all use su* me?odology to det]m9e ! numb] ( clean electricity cr$its to issue "u ?is subsection4 7c7 ,surr5d] ( cr$its 7#a7 ,9 g5]al ,= ea* compliance p]iod ea* retail electricity suppli] %all1 except z provid$ 9 p>agraph 7#b7 & by n lat] ?an #f mon?s aft] ! date on :i* ! compliance p]iod ends1 surr5d] ! numb] ( clean electricity cr$its det]m9$ "u p>agraph 7#c74 7#b7 ,paym5t ,= ea* clean electricity cr$it requir$ to be surr5d]$ "u p>agraph 7#a7 t is n s surr5d]$1 a retail electricity suppli] %all pay an am\nt t is equal to ! alt]native compliance price det]m9$ "u p>agraph 7#g74 7#c7 ,numb] ( cr$its 7,a7 ,9 g5]al ,z det]m9$ by ! ,secret>y1 ! numb] ( clean electricity cr$its requir$ to be surr5d]$ "u p>agraph 7#a7 by ea* retail electricity suppli] %all be equal to-- 7i7 ! p]c5tage det]m9$ "u subp>agraph 7,b72 multipli$ by 7ii7 ! numb] ( megawatt-h\rs ( electricity sold at retail by ! retail electricity suppli] dur+ ! applicable compliance p]iod4 7,b7 ,det]m9ation ( p]c5tage 7i7 ,r$uction requirem5t ,! ,secret>y %all det]m9e ! p]c5tage to be appli$ 9 subp>agraph 7,a77i7 = ea* compliance p]iod t w result 9 an #hj p]c5t r$uction 9 ! am\nt ( c>bon dioxide emitt$ by electricity g5]ators1 relative to ! am\nt ( su* emissions on ! date ( enactm5t ( ?is section1 by #bjej4 7ii7 ,l9e> *anges ,! ,secret>y %all det]m9e ! p]c5tage = ea* compliance p]iod "u clause 7i7 ) ! goal ( a*iev+ l9e> r$uctions 9 ! am\nt ( c>bon dioxide emitt$ by electricity g5]ators 9 ea* successive compliance p]iod4 7,c7 ,fir/ compliance p]iod ,! p]c5tage det]m9$ "u subp>agraph 7,b7 = ! fir/ compliance p]iod %all be ! great] (-- 7i7 ! p]c5tage obta9$ by divid+-- 7,i7 ! total numb] ( clean electricity cr$its t w\ld be issu$ "u subsection 7b77#b7 = ! ye> 9 :i* ?is section is enact$2 by 7,,ii7 ! total numb] ( megawatt-h\rs ( electricity sold by retail electricity suppli]s 9 ! ye> 9 :i* ?is section is enact$2 & 7ii7 ! p]c5tage obta9$ by divid+-- 7,i7 ! total numb] ( clean electricity cr$its project$ to be issu$ "u p>agraph 7#d77;,b7 = #bjcj2 by 7,,ii7 ! total numb] ( megawatt-h\rs project$ to be sold by retail electricity suppli]s 9 #bjcj4 7#d7 ,projections 7,a7 ,e>ly projection = fir/ compliance p]iod ,n lat] ?an ! date t is #b ye>s aft] ! date ( enactm5t ( ?is section1 ! ,secret>y %all publi% a projection ( ! p]c5tage to be us$ = purposes ( p>agraph 7#c77;,a77i7 = ! fir/ compliance p]iod1 :i* su* projection %all be made bas$ on ! numb] ( megawatt-h\rs ( electricity sold by qualify+ electricity g5]ators dur+ ! p]iod ( five ye>s t prec$es ! date ( ! projection & ! associat$ c>bon dioxide emissions4 7,b7 #bjcj projection ,by n lat] ?an #bjbf1 ! ,secret>y %all publi% a projection ( ! numb] ( clean electricity cr$its t w\ld be issu$ to qualify+ electricity g5]ators 9 #bjcj4 7#e7 ,s+le use ( cr$its ,ea* clean electricity cr$it issu$ "u subsection 7b7 may only be surr5d]$ once = purposes ( comply+ ) ! requirem5ts ( p>agraph 7#a74 7#f7 ,bank+ ( clean electricity cr$its ,a clean electricity cr$it issu$ "u subsection 7b7 may be surr5d]$ = ! compliance p]iod 9 :i* ! clean electricity cr$it is issu$ or 9 any subsequ5t compliance p]iod4 7#g7 ,alt]native compliance price 7,a7 ,initial am\nt ,! alt]native compliance price = ! fir/ compliance p]iod %all be #cj p] applicable clean electricity cr$it4 7,b7 ,annual adju/m5ts to alt]native compliance price 7i7 ,9 g5]al ,beg9n+ aft] ! fir/ compliance p]iod1 ! ,secret>y %all increase ! am\nt ( ! alt]native compliance price f ! am\nt = ! prior compliance p]iod by #e p]c5t4 7ii7 ,o!r adju/m5ts ,! ,secret>y may adju/ ! alt]native compliance price to acc\nt = inflation1 z ! ,secret>y may det]m9e necess>y4 7d7 ,civil p5alties 7#a7 ,9 g5]al ,subject to p>agraph 7#b71 a retail electricity suppli] t fails to meet ! requirem5ts ( p>agraph 7#a7 or 7#b7 ( subsection 7c7 %all be subject to a civil p5alty 9 an am\nt equal to-- 7,a7 ! numb] ( megawatt-h\rs ( electricity sold by ! retail electricity suppli] = :i* su* retail electricity suppli] fails to surr5d] a clean electricity cr$it or make an alt]native compliance paym5t z requir$ "u subsection 7c72 multipli$ by 7,b7 #bjj p]c5t ( ! value ( ! applicable alt]native compliance price4 7#b7 ,proc$ure = assess+ p5alty ,! ,secret>y %all assess a civil p5alty "u ?is subsection 9 accordance ) ! proc$ures = assess+ a p5alty "u section #ccc7;d7 ( ! ,en]gy ,policy & ,cons]vation ,act 7#db ,u4,s4,c4 #fcjc7;d774 7e7 ,sav+s provision ,no?+ 9 ?is section affects ! au?ority ( a ,/ate1 or a political subdivision ( a ,/ate1 to adopt or en=ce any law relat+ to-- 7#a7 clean electricity or r5ewable en]gy2 7#b7 c>bon dioxide emissions2 or 7#c7 ! regulation ( a retail electricity suppli]4 7f7 ,regulations ,n lat] ?an #a ye> aft] ! date ( enactm5t ( ?is section1 ! ,secret>y %all issue regulations to implem5t ?is section4 7g7 ,def9itions ,9 ?is section3 7#a7 ,c>bon int5sity ,! t]m c>bon int5sity means1 z det]m9$ by ! ,secret>y 9 consultation ) ! ,adm9i/rator ( ! ,environm5tal ,protection ,ag5cy & ) respect to a qualify+ electricity g5]ator1 ! am\nt 79 metric tons p] megawatt-h\r7 obta9$ by divid+-- 7,a7 ! annual c>bon dioxide emissions ( ! qualify+ electricity g5]ator1 exclud+ any c>bon dioxide t is captur$ & utiliz$ or /or$ 9 a mann] t prev5ts emission to ! atmosph]e2 by 7,b7 ! annual quantity ( electricity g5]at$ by ! qualify+ electricity g5]ator4 7#b7 ,clean electricity cr$it ,! t]m clean electricity cr$it means a cr$it issu$ "u subsection 7b74 7#c7 ,clean electricity /&>d ,! t]m clean electricity /&>d means ! requirem5ts ( section #faa4 7#d7 ,compliance p]iod ,! t]m compliance p]iod means ! #c-ye> p]iod t beg9s on ! program effective date & ea* #c-ye> p]iod !reaft] until #bjej4 7#e7 ,qualify+ electricity g5]ator ,! t]m qualify+ electricity g5]ator means any electricity g5]ator t has an annual c>bon int5sity ( less ?an #j4hb metric tons p] megawatt-h\r4 7#f7 ,retail electricity suppli] ,! t]m retail electricity suppli] means an entity 9 ! ,unit$ ,/ates t sold n few] ?an #bj megawatt-h\rs ( electricity to electricity consum]s = purposes o!r ?an resale dur+ ! prec$+ cal5d> ye>4 7#g7 ,program trigg] date ,! t]m program trigg] date means ,janu>y #a ( ! fir/ cal5d> ye> beg9n+ aft] ! date on :i* ! ,secret>y c]tifies t co/-effective m>ket p5etration ( eligible te*nologies has occurr$ "u section #faj7;c74 7#h7 ,program effective date ,! t]m program effective date means ! e>li] (-- 7,a7 ! date t is #b ye>s aft] ! program trigg] date2 & 7,b7 ,janu>y #a ( ! fir/ cal5d> ye> t beg9s aft] ! date t is #aj ye>s aft] ! date ( enactm5t ( ?is section4 #fab4 ,id5tification1 review1 & approval ( dynamic cr$it+ me?odologies 7a7 ,id5tification ( dynamic cr$it+ me?odologies 7#a7 ,9 g5]al ,n lat] ?an #b ye>s aft] ! date ( enactm5t ( ?is section1 ! ,secret>y1 9 consultation ) ! ,adm9i/rator ( ! ,environm5tal ,protection ,ag5cy1 %all id5tify a dynamic cr$it+ me?odology = calculat+ ! am\nt ( c>bon dioxide emissions t are avoid$ or displac$ on an h\rly basis by increas$ electricity g5]ation f qualify+ electricity g5]ators4 7#b7 ,consid]ation ( regional diff]5ces ,any dynamic cr$it+ me?odology id5tifi$ "u p>agraph 7#a7 may acc\nt = diff]5ces betwe5-- 7,a7 regions 9 :i* !re is a ,regional ,transmission ,organization or an ,indep5d5t ,sy/em ,op]ator2 & 7,b7 regions 9 :i* !re are no su* entities4 7b7 ,commission review ( dynamic cr$it+ me?odologies 7#a7 ,9 g5]al ,! ,secret>y %all provide any dynamic cr$it+ me?odology id5tifi$ "u subsection 7a7 to ! ,commission = review4 7#b7 ,te*nical conf]5ce ,n lat] ?an #abj days aft] ! ,secret>y provides a dynamic cr$it+ me?odology to ! ,commission "u p>agraph 7#a71 ! ,commission %all hold a te*nical conf]5ce 9 p>tn]%ip ) ,/ate regulatory au?orities to evaluate su* me?odology4 7#c7 ,report ,n lat] ?an #ahj days aft] ! ,commission holds a te*nical conf]5ce "u p>agraph 7#b71 & aft] provid+ an opportunity = public comm5t1 ! ,commission %all provide to ! ,secret>y a report on ! te*nical conf]5ce t includes ,commission recomm5dations conc]n+ ! use ( ! dynamic cr$it+ me?odology4 7c7 ,approval ,n lat] ?an #ahj days foll[+ receipt ( ! report provid$ "u subsection 7b77#c71 ! ,secret>y1 9 consultation ) ! ,adm9i/rator ( ! ,environm5tal ,protection ,ag5cy1 %all approve use ( ! dynamic cr$it+ me?odology t is ! subject ( su* report if ! ,secret>y det]m9es t su* use w\ld-- 7#a7 significantly enhance confid5ce t ! program e/abli%$ "u #faa7;a77#a7 w help a*ieve an #hj p]c5t r$uction 9 ! am\nt ( c>bon dioxide emitt$ by electricity g5]ators1 relative to ! am\nt ( su* emissions on ! date ( enactm5t ( ?is section1 by #bjej2 or 7#b7 significantly r$uce ! co/s ( a*iev+ su* r$uction4 7d7 ,use ( dynamic cr$it+ me?odologies 7#a7 ,adju/m5t to am\nt ( cr$its ,if ! ,secret>y approves a dynamic cr$it+ me?odology "u subsection 7c71 ! ,secret>y %all use su* dynamic cr$it+ me?odology to det]m9e ! numb] ( clean electricity cr$its to be issu$ to a qualify+ electricity g5]ator to acc\nt = ! am\nt ( c>bon dioxide emissions t are avoid$ or displac$ on an h\rly basis by increas$ electricity g5]ation f su* qualify+ electricity g5]ator4 7#b7 ,deadl9e 7,a7 ,9 g5]al ,except z provid$ 9 subp>agraph 7,b71 ! ,secret>y %all use a dynamic cr$it+ me?odology approv$ "u subsection 7c7 beg9n+ 9 ! lat] (-- 7i7 ! fir/ full cal5d> ye> beg9n+ aft] ! date on :i* su* approval occurs2 & 7ii7 ! fir/ cal5d> ye> ( ! fir/ compliance p]iod4 7,b7 ,exception ,! ,secret>y may delay use ( an approv$ dynamic cr$it+ me?odology by #a ye> if ! ,secret>y f9ds t additional "t is ne$$ = ! ,secret>y or ! ,commission to take actions necess>y to c>ry out subsection 7e74 7e7 ,implem5tation 7#a7 ,9 g5]al ,! ,secret>y may1 by rule1 require t ,regional ,transmission ,organizations1 ,indep5d5t ,sy/em ,op]ators1 o!r balanc+ au?orities1 & o!r appropriate entities provide ! ,secret>y ) ! in=mation necess>y = ! ,secret>y to use a dynamic cr$it+ me?odology approv$ "u subsection 7c74 7#b7 ,t>iffs ,at ! reque/ ( ! ,secret>y1 or ^u its own initiative1 ! ,commission %all consid] :e!r *anges to any t>iffs on file pursuant to section #bje ( ! ,f$]al ,p[] ,act 7#af ,u4,s4,c4 #hbd;d7 are necess>y to implem5t ! requirem5ts ( any rule issu$ by ! ,secret>y "u p>agraph 7#a74 7f7 ,regional ,transmission ,organization2 ,indep5d5t ,sy/em ,op]ator ,! t]ms ,regional ,transmission ,organization & ,indep5d5t ,sy/em ,op]ator h ! mean+s giv5 su* t]ms 9 section #c ( ! ,f$]al ,p[] ,act 7#af ,u4,s4,c4 #gif74 7g7 ,def9itions ,9 ?is section1 ! t]ms clean electricity cr$it1 compliance p]iod1 & qualify+ electricity g5]ator h ! mean+s giv5 su* t]ms 9 section #faa4 4 7#b7 ,con=m+ am5dm5t ,section #a7;b7 ( ! ,public ,utility ,regulatory ,policies ,act ( #aigh is fur!r am5d$ by add+ aft] ! item relat$ to section #faj 7z add$ by ?is ,act7 ! foll[+3 ,sec4 #faa4 ,clean electricity /&>d4 ,sec4 #fab4 ,id5tification1 review1 & approval ( dynamic cr$it+ me?odologies4 4 7b7 ,am5dm5ts to ! ,clean ,air ,act ,section #aaa7;a77#d7 ( ! ,clean ,air ,act 7#db ,u4,s4,c4 #gdaa7;a77#d77 is am5d$-- 7#a7 by /rik+ ,! t]m & ins]t+ 7,a7 ,! t]m2 & 7#b7 by add+ at ! end ! foll[+3 7,b7 ,until ! end ( ! fir/ compliance p]iod ( ! clean electricity /&>d 7z su* t]ms are def9$ 9 section #faa7;h7 ( ,public ,utility ,regulatory ,policies ,act ( #aigh71 ! t]m modification1 not)/&+ subp>agraph 7,a71 does n include a physical or op]ational *ange at an electricity g5]at+ unit t is design$ to r$uce ! am\nt ( c>bon dioxide emitt$ p] megawatt h\r at electricity utility g5]at+ units1 provid$ t su* *ange-- 7i7 does n cause ! violation ( a national ambi5t air quality /&>d 9 an air quality control region 9 :i* an environm5tal ju/ice community 7z def9$ by ! ,adm9i/rator7 exi/s2 & 7ii7 does n result 9-- 7,i7 an increase 9 ! maximum h\rly emissions rate ( any air pollutant subject to a national ambi5t air quality /&>d "u section #aji t is a*ievable by su* unit2 & 7,,ii7 bo? a significant emissions increase & a significant net emissions increase 9 annual actual emissions ( su* pollutant f su* unit4 4 #djc4 ,regional clean electricity plann+ models 7a7 ,developm5t ( plann+ models & data ,n lat] ?an #b ye>s aft] ! date ( enactm5t ?is ,act1 ! ,secret>y %all make available "o or m regional electricity plann+ models & /&>diz$ data sets1 includ+ pot5tial r5ewable en]gy h\rly production pr(iles at all pot5tial locations = r5ewable en]gy deploym5t1 t ,/ates c use to develop plans = portfolios ( clean electricity res\rces t are capable ( a*iev+1 at lea/ co/1 ! goal describ$ "u section #faj7;a77#a7 ( ! ,public ,utility ,regulatory ,policies ,act ( #aigh1 z add$ by section #djb ( ?is ,act1 consi/5t ) ! ne$ to ma9ta9 reliability4 7b7 ,developm5t process ,9 mak+ plann+ models & data available "u subsection 7a71 ! ,secret>y %all-- 7#a7 solicit plann+ models & /&>diz$1 data sets f ! national laboratories & univ]sities2 7#b7 hold jo9tly ) ! ,commission a te*nical conf]5ce on plann+ models & /&>diz$ data sets1 includ+ h\rly pr(iles ( r5ewable en]gy production at pot5tial deploym5t locations1 & consid] ! input f su* conf]5ce 9 *oos+ plann+ models & data sets to make available2 & 7#c7 update ! plann+ models & data sets made available f "t to "t 9 response to new in=mation4 7c7 ,use ( models by ,/ates ,! ,secret>y %all enc\rage ,/ates to use ! models & data sets to-- 7#a7 plan collaboratively ) o!r ,/ates 9 ! same ,nor? ,am]ican ,electric ,reliability ,corporation reliability region or organiz$ electricity m>ket on lea/-co/ & reliable compliance ) ! clean electricity /&>d 7z su* t]m is def9$ 9 section #faa7;h7 ( ! ,public ,utility ,regulatory ,policies ,act ( #aigh72 & 7#b7 adopt1 & f "t to "t update1 multi-,/ate clean electricity res\rce deploym5t goals t promote lea/-co/ deploym5t consi/5t ) ma9ta9+ electric reliability4 #djd4 ,/&-by emission p]=mance /&>ds 7a7 ,annual review ( emissions ,n lat] ?an ,febru>y #a ( ! fir/ cal5d> ye> beg9n+ aft] ! date ( enactm5t ( ?is section1 & ea* ,febru>y #a !reaft]1 ! ,secret>y1 9 consultation ) ! ,adm9i/rator ( ! ,environm5tal ,protection ,ag5cy1 %all publi% a det]m9ation ( ! annual av]age level ( c>bon dioxide emissions f electricity g5]ators = ! prior #c cal5d> ye>s4 7b7 ,en=ceability ,an emission limitation = c>bon dioxide emissions f electric utility /eam g5]at+ units e/abli%$ "u title ,i ( ! ,clean ,air ,act 7#db ,u4,s4,c4 #gdja et seq47 may be en=c$ by a ,/ate or by ! ,adm9i/rator ( ! ,environm5tal ,protection ,ag5cy-- 7#a7 be=e ! program trigg] date1 only if-- 7,a7 ! ,secret>y1 n e>li] ?an #e ye>s aft] ! date ( enactm5t ( ?is ,act1 det]m9es "u subsection 7a7 t ! #e-ye> annual av]age level ( c>bon dioxide emissions f electric utility /eam g5]at+ units exce$$ ! annual av]age level ( su* emissions = ! prec$+ #e-ye> p]iod by at lea/ #f p]c5t2 or 7,b7 ! ,secret>y f9ds t significantly less ?an ! full am\nt ( fund+ au?oriz$ = programs "u ?is ,act has be5 appropriat$1 result+ 9 sub/antial limitation to or delay ( ! te*nology advancem5t elem5ts ( ?is ,act2 or 7#b7 aft] ! end ( a compliance p]iod1 only if ! clean electricity /&>d is n en=c$ = ! compliance p]iod4 7c7 ,clean air act au?orities ,except z provid$ 9 ?is section1 nei!r a ,/ate nor ! ,adm9i/rator ( ! ,environm5tal ,protection ,ag5cy may en=ce any emission limitation e/abli%$ "u title ,i ( ! ,clean ,air ,act 7#db ,u4,s4,c4 #gdja et seq47 = c>bon dioxide emissions f electric utility /eam g5]at+ units4 7d7 ,def9itions ,9 ?is section3 7#a7 ,clean electricity /&>d2 ,program trigg] date2 ,compliance p]iod ,! t]ms clean electricity /&>d1 program trigg] date1 & compliance p]iod h ! mean+s giv5 su* t]ms 9 section #faa7;h7 ( ! ,public ,utility ,regulatory ,policies ,act ( #aigh1 z add$ by section #djb ( ?is ,act4 7#b7 ,electric utility /eam g5]at+ unit ,! t]m electric utility /eam g5]at+ unit has ! mean+ giv5 su* t]m 9 section #aab7;a7 ( ! ,clean ,air ,act 7#db ,u4,s4,c4 #gdab7;a774 ,v ,miscellane\s #eja4 ,additional requirem5ts 7a7 ,wages ,not)/&+ any o!r provision ( law & 9 a mann] consi/5t ) o!r provisions 9 ?is ,act1 all labor]s & me*anics employ$ by contractors or subcontractors 9 ! p]=mance ( con/ruction1 alt]ation1 or repair "w fund$ directly by or assi/$ 9 :ole or 9 "p by & ?r\gh ! ,f$]al ,gov]nm5t pursuant to ?is ,act %all be paid wages at rates n less ?an ^? prevail+ on projects ( a "* simil> 9 ! locality z det]m9$ by ! ,secret>y ( ,labor 9 accordance ) sub*apt] ,,iv ( *apt] #ca ( title #dj1 ,unit$ ,/ates ,code4 ,) respect to ! labor /&>ds specifi$ 9 ?is section1 ! ,secret>y ( ,labor %all h ! au?ority & functions set =? 9 ,reorganization ,plan ,numb]$ #ad ( #aiej 7#fd ,/at4 #abfg2 #e ,u4,s4,c4 ,app47 & section #cade ( title #dj1 ,unit$ ,/ates ,code4 7b7 ,exception ,subsection 7a7 %all n apply to ! use ( a grant aw>d$ "u section #bjc4 #ejb4 ,utilization ( qualifi$ appr5tices by con/ruction contractors 7a7 ,9 g5]al ,all contractors & subcontractors engag$ 9 ! p]=mance ( con/ruction1 alt]ation1 or repair "w on a cov]$ project %all1 subject to subsection 7b71 ensure t n less ?an #ae p]c5t ( ! total labor h\rs ( su* "w be p]=m$ by qualifi$ appr5tices4 7b7 ,appr5tice-to-,j\rneywork] ratio ,! requirem5t "u subsection 7a7 %all be subject to any applicable requirem5ts = appr5tice-to-j\rneywork] ratios ( ! ,dep>tm5t ( ,labor or ! applicable ,/ate appr5tice%ip ag5cy4 7c7 ,p>ticipation ,ea* contractor & subcontractor :o employs #d or m individuals to p]=m con/ruction1 alt]ation1 or repair "w on a cov]$ project %all employ #a or m qualifi$ appr5tices to p]=m su* "w4 7d7 ,compliance 7#a7 ,if ! ,secret>y det]m9es1 ^u receipt ( a compla9t or on ! ,secret>y's own initiative1 t a cov]$ project is n be+ c>ri$ out 9 accordance ) ! requirem5ts ( ?is section1 ! ,secret>y %all )hold f paym5ts o!rwise due ! contractor z a p5alty1 or require ! paym5t by ! contractor ( a p5alty1 9 ! am\nt ( n less ?an #e1jjj1 b n m ?an #aj1jjj1 = ea* h\r ( ! appr5tice%ip utilization requirem5t t is n a*iev$4 7#b7 ,a det]m9ation by ! ,secret>y "u p>agraph 7#a7 %all be gr\nds = contract t]m9ation4 7#c7 ,a contractor or subcontractor t violates ! requirem5ts ( ?is section %all be prohibit$ f p]=m+ "w on any cov]$ project = #e ye>s4 7e7 ,report+ requirem5ts 7#a7 ,be=e comm5c+ "w on a contract = a cov]$ project1 ! contractor %all submit to ! recipi5t ( assi/ance & ! ,secret>y an e/imate (-- 7,a7 ! total labor h\rs to be p]=m$ "u ! contract2 & 7,b7 ! numb] ( qualifi$ appr5tices propos$ to be employ$ "u ! contract1 categoriz$ by trade or craft4 7#b7 ,:ile ! cov]$ project is ongo+1 ! contractor %all include ) ea* paym5t application to ! recipi5t ( assi/ance & ,secret>y a report conta9+ ! foll[+ in=mation3 7,a7 ,! names ( all qualifi$ appr5tices & _! appr5tice regi/ration or id5tification numb]4 7,b7 ,! numb] ( qualifi$ appr5tices & labor h\rs work$ by !m1 categoriz$ by trade or craft4 7,c7 ,! numb] ( j\rney level work]s & labor h\rs work$ by !m1 categoriz$ by trade or craft4 7#c7 ,:5 a contractor is n subject to progress bill+1 ! contractor %all submit ! p]iodic reports requir$ by p>agraph 7#b7 )9 a comp>able "t frame4 7#d7 ,)9 #fj days aft] conclud+ "w on ! contract1 ! contractor %all submit to ! recipi5t ( assi/ance & ! ,secret>y a v]ifi$ /atem5t ( ! total j\rneywork] & appr5tice h\rs p]=m$ on ! project4 ,! contractor & subcontractors %all ma9ta9 all p]sonnel records relat+ to ! report+ requirem5ts ( ?is subsection = a p]iod ( at lea/ #c ye>s aft] f9al completion ( ! "w4 7#e7 ,! in=mation describ$ 9 ?is subsection %all be public & %all n be exempt f disclosure "u section #eeb7;b7 ( title #e1 ,unit$ ,/ates ,code4 7#f7 ,if ! ,secret>y det]m9es t any ( ! in=mation requir$ by ?is subsection conta9s false or mislead+ in=mation t 0 provid$ kn[+ly or ) reckless disreg>d = ! tru?1 or omits in=mation t 0 omitt$ kn[+ly or ) reckless disreg>d ( ! tru?1 ! contractor or subcontractor = :i* ! in=mation 0 submitt$ %all be prohibit$ f p]=m+ "w on a cov]$ project = a p]iod ( #e ye>s1 & %all be fur!r subject to p5alties & sanctions1 includ+ contract t]m9ation4 7#g7 ,any misrepres5tation or omission includ$ 9 ! report+ requir$ by ?is subsection %all con/itute a false record or /atem5t mat]ial to a false or fraudul5t claim = purposes ( sub*apt] ,,iii ( *apt] #cg ( title #ca1 ,unit$ ,/ates ,code4 7f7 ,waiv] 7#a7 ,^u reque/ by a contractor or recipi5t ( assi/ance1 ! ,secret>y may adju/ ! appr5tice%ip utilization requirem5t o!rwise applicable to ! contract = a specific cov]$ project1 :5 ! contractor has provid$ docum5t>y evid5ce (-- 7,a7 a demon/rat$ lack ( availability ( qualifi$ appr5tices 9 ! geographic area 9 :i* ! contract w be p]=m$2 & 7,b7 a good-fai? ef=t on ! "p ( ! contractor & its subcontractors to comply ) ! appr5tice%ip utilization requirem5t4 7#b7 ,a waiv] grant$ "u ?is subsection & ! rationale ( ! ,secret>y conc]n$ = grant+ ! waiv] %all be public in=mation & %all n be exempt f disclosure "u section #eeb7;b7 ( title #e1 ,unit$ ,/ates ,code4 7g7 ,contract+ ,! recipi5t ( assi/ance %all cause to be ins]t$ 9 a contract = a cov]$ project /ipulations to effectuate ! requirem5ts ( ?is section4 ,! /ipulations %all provide t ! contractor %all be jo9tly & sev]ally liable = any violation ( ! requirem5ts ( ?is section t is committ$ by "o ( its subcontractors4 7h7 ,def9itions ,9 ?is section3 7#a7 ,! t]m contractor means a g5]al contractor or o!r lead or prime contractor on a cov]$ project4 7#b7 ,! t]m cov]$ project means con/ruction1 alt]ation1 or repair "w assi/$ 9 :ole or 9 "p "u sections #aaa1 #aca1 or #bjb ( ?is ,act4 7#c7 ,! t]m labor h\rs means ! total numb] ( h\rs devot$ to ! p]=mance ( con/ruction activities 7z def9$ 9 ,sector #bc ( ! ,nor? ,am]ican ,indu/ry ,classification ,sy/em7 by employees ( ! contractor & its subcontractors4 ,! t]m excludes h\rs work$ by =em51 sup]9t5d5ts1 own]s1 & p]sons employ$ 9 a bona fide executive1 adm9i/rative1 or pr(essional capacity z def9$ 9 "p #eda ( title #bi1 ,code ( ,f$]al ,regulations4 7#d7 ,! t]m qualifi$ appr5tice means an employee ( a contractor or subcontractor p>ticipat+ 9 an appr5tice%ip program z t t]m is def9$ 9 section #caca7;e77#c77;,b7 ( ! ,int]nal ,rev5ue ,code ( #aihf4 7#e7 ,! t]m ,secret>y means ! ,secret>y ( ,en]gy4 7#f7 ,! t]m subcontractor means any p]son or company1 at any ti]1 t p]=ms "s or all ( ! obligations ( ! contractor on a cov]$ project4 7i7 ,preemption ,no?+ 9 ?is section %all preempt applicable ,/ate or local laws or policies t provide = additional skill$ & tra9$ work=ce requirem5ts on con/ruction projects4 #ejc4 ,requirem5ts applicable to tax inc5tive programs 7a7 ,9 g5]al ,a taxpay] seek+ a cr$it "u sections #aba1 #abe1 #bjd1 #bje1 #bjf1 #bjg1 #cjb1 & #cjg ( ?is ,act1 %all submit to ! ,secret>y ( ! ,treasury1 along ) ! taxpay]'s timely fil$ return1 a decl>ation made "u ! p5alties ( p]jury c]tify+ compliance ) ! requirem5ts "u subsection 7b74 7b7 ,labor /&>ds ,! ,secret>y ( ! ,treasury %all require a taxpay]1 z a condition ( receiv+ a cr$it "u a program enum]at$ 9 subsection 7a71 to satisfy ea* ( ! foll[+ requirem5ts dur+ ! taxable ye> = :i* su* cr$it is claim$ & any o!r p]iod 9 :i* con/ruction1 alt]ation or repair "w 0 p]=m$ = purposes ( qualify+ = a cr$it set =? 9 subsection 7a73 7#a7 ,wages ,all labor]s & me*anics employ$ by contractors or subcontractors 9 ! p]=mance ( con/ruction1 alt]ation1 or repair "w on any qualifi$ facility1 en]gy /orage prop]ty1 electricity g5]ation facility1 advanc$ nucle> p[] facility1 qualify+ advanc$ en]gy project1 qualifi$ (f%ore w9d prop]ty1 or o!r projects contemplat$ by ! cr$it programs enum]at$ 9 subsection 7a71 %all be paid wages at rates n less ?an ^? prevail+ on projects ( a simil> "* 9 ! locality z det]m9$ by ! ,secret>y ( ,labor 9 accordance ) sub*apt] ,,iv ( *apt] #ca ( title #dj1 ,unit$ ,/ates ,code4 ,) respect to ! labor /&>ds 9 ?is p>agraph1 ! ,secret>y ( ,labor %all h ! au?ority & functions set =? 9 ,reorganization ,plan ,numb]$ #ad ( #aiej 7#fd ,/at4 #abfg2 #e ,u4,s4,c4 ,app47 & section #cade ( title #dj1 ,unit$ ,/ates ,code4 7#b7 ,labor h\rs = qualifi$ appr5tices 7,a7 ,9 g5]al ,all contractors & subcontractors engag$ 9 ! p]=mance ( con/ruction1 alt]ation1 or repair "w on any project describ$ 9 p>agraph 7#a7 %all1 subject to subp>agraph 7,b71 ensure t n less ?an #ae p]c5t ( ! total labor h\rs ( su* "w be p]=m$ by qualifi$ appr5tices4 7,b7 ,appr5tice-to-j\rneywork] ratio ,! requirem5t "u subp>agraph 7,a7 %all be subject to any applicable requirem5ts = appr5tice-to-j\rneywork] ratios ( ! ,dep>tm5t ( ,labor or ! applicable ,/ate appr5tice%ip ag5cy4 7,c7 ,p>ticipation ,ea* contractor & subcontractor :o employs #d or m individuals to p]=m con/ruction1 alt]ation1 or repair "w on a cov]$ project %all employ #a or m qualifi$ appr5tices to p]=m su* "w4 7,d7 ,report+ ,:ile ! project is ongo+1 ! contractor %all1 ) ea* paym5t application to ! taxpay]1 include a report ) ! foll[+3 7i7 ,! names ( all qualifi$ appr5tices & _! appr5tice regi/ration or id5tification numb]4 7ii7 ,! numb] ( qualifi$ appr5tices & labor h\rs work$ by !m1 categoriz$ by trade or craft4 7iii7 ,! numb] ( j\rney level work]s & labor h\rs work$ by !m1 categoriz$ by trade or craft4 ,su* reports %all be includ$ ) ! taxpay]'s decl>ation "u subsection 7a74 7,e7 ,ma9t5ance ( records ,! taxpay]1 its contractor1 & subcontractors1 %all ma9ta9 all reports & p]sonnel records relat+ to ! requirem5ts ( subp>agraph 7,d7 = a p]iod ( at lea/ #c ye>s aft] f9al completion ( ! "w4 7,f7 ,submission ( records ,! taxpay]1 its contractor1 & subcontractors1 %all imm$iately submit1 ^u reque/ by ! ,secret>y ( ,en]gy1 ! docum5ts describ$ 9 subp>agraphs 7,d7 & 7,e74 ,failure to produce su* docum5ts %all result 9 p5alties4 7,g7 ,waiv] ,! ,secret>y ( ! ,treasury may1 ^u reque/ by a taxpay]1 adju/ ! requirem5ts ( subsection 7b77#b7 = a specific project1 :5 ! taxpay] has provid$ docum5t>y evid5ce ( ! foll[+3 7i7 ,a demon/rat$ lack ( availability ( qualifi$ appr5tices 9 specific geographic areas4 7ii7 ,a good fai? ef=t on ! "p ( ! taxpay]1 its contractor & subcontractors to comply ) ! requirem5ts ( subsection 7b77#b74 ,su* waiv]s & ! rationale ( ! ,secret>y ( ! ,treasury = grant+ su* waiv]s %all be public & %all n be exempt f disclosure "u section #eeb7;b7 ( ,title #e1 ,unit$ ,/ates ,code4 7,h7 ,def9itions ,= purposes ( ?is subsection3 7i7 ,contractor ,! t]m contractor means a g5]al contractor or o!r lead or prime contractor on a con/ruction project describ$ 9 subsection 7b77#b74 7ii7 ,labor h\rs ,! t]m labor h\rs means ! total numb] ( h\rs devot$ to ! p]=mance ( con/ruction activities 7z def9$ 9 ,sector #bc ( ! ,nor? ,am]ican ,indu/ry ,classification ,sy/em7 by employees ( ! contractor & all subcontractors4 ,! t]m excludes h\rs work$ by =em51 sup]9t5d5ts1 own]s1 & p]sons employ$ 9 a bona fide executive1 adm9i/rative1 or pr(essional capacity z def9$ 9 "p #eda ( title #bi1 ,code ( ,f$]al ,regulations4 7iii7 ,qualifi$ appr5tice ,! t]m qualifi$ appr5tice means an employee p>ticipat+ 9 an appr5tice%ip program 7z su* t]m is def9$ 9 section #caca7;e77#c77;,b7 ( ! ,int]nal ,rev5ue ,code ( #aihf74 7iv7 ,subcontractor ,! t]m subcontractor means any p]son or company1 at any ti]1 t p]=ms "s or all ( ! obligations ( ! contractor on a con/ruction project describ$ 9 subsection 7b77#b74 7,i7 ,preemption ,no?+ 9 ?is subsection %all preempt applicable ,/ate or local laws or policies t provide = additional skill$ & tra9$ work=ce requirem5ts on con/ruction projects4 7c7 ,en=cem5t 7#a7 ,inve/igations ,^u receipt ( a compla9t or its own initiative1 ! ,secret>y ( ,en]gy1 9 consultation ) ! ,secret>y ( ,labor1 %all reque/ & review ! weekly payroll records ( contractors & subcontractors engag$ 9 ! p]=mance ( any con/ruction1 alt]ation1 or repair "w on projects describ$ 9 p>agraphs 7#a7 & 7#b7 ( subsection 7b71 ! reports set =? 9 subp>agraphs 7,d7 & 7,e7 ( subsection 7b77#b71 & int]view individuals employ$ by su* contractors & subcontractors1 to det]m9e :e!r ! requirem5ts ( p>agraphs 7#a7 & 7#b7 ( subsection 7b7 h be5 met4 7#b7 ,p5alties ,! taxpay] %all be responsible = compliance by any contractor or l[] ti] subcontractor p]=m+ any con/ruction1 alt]ation1 or repair "w on projects describ$ 9 p>agraphs 7#a7 & 7#b7 ( subsection 7b74 ,if ! ,secret>y ( ,en]gy det]m9es1 ^u receipt ( a compla9t or its own initiative1 t a project 0 n c>ri$ out 9 accordance ) ! requirem5ts ( ?is section1 ! taxpay] %all be liable to ! ,dep>tm5t ( ! ,treasury = ! foll[+3 7,a7 ,= violations ( subsection 7b77#a71 ! taxpay] %all be liable = any unpaid wages4 ,9 addition1 ! taxpay] %all be liable to ! ,dep>tm5t ( ! ,treasury = an adm9i/rative p5alty 9 ! am\nt ( n less ?an #a1jjj b n m ?an #e1jjj p] ea* individual n paid ! prop] prevail+ rate4 7,b7 ,= violations ( subsection 7b77#b71 ! taxpay] %all be liable to ! ,dep>tm5t ( ! ,treasury 9 ! am\nt ( n less ?an #a1jjj1 b n m ?an #e1jjj1 = ea* h\r ( ! appr5tice%ip utilization requirem5t t is n a*iev$4 7#c7 ,false /atem5ts ,if ! ,secret>y ( ,en]gy1 9 consultation ) ! ,secret>y ( ,labor1 det]m9es t any ( ! in=mation 9 a decl>ation "u subsection 7a7 or report "u subsection 7b77#b77;,d7 & 7,e71 conta9s false or mislead+ in=mation t 0 provid$ kn[+ly or ) reckless disreg>d = ! tru?1 or omits in=mation t 0 omitt$ kn[+ly or ) reckless disreg>d ( ! tru?1 ! taxpay] %all no long] be eligible = any ( ! cr$its enum]at$ 9 subsection 7a71 & %all be f9$ n less ?an #e1jjj b n m ?an #aj1jjj4 7#d7 ,transp>5cy ,decl>ations "u subsection 7a7 & reports "u subsection 7b77#b77;,d7 & 7,e7 %all be publicly available & ! in=mation conta9$ !re9 %all n be exempt f disclosure "u section #eeb7;b7 ( title #e1 ,unit$ ,/ates ,code4