,i #aag? ,,congress #a/ ,session ,h4 ,r4 #eahc ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,septemb] #g1 #bjba,mr4 ,danny ,k4 ,davis ( ,ill9ois 7= himself1 ,ms4 ,sn*ez1 ,ms4 ,sewell1 ,mr4 ,hors=d1 ,mr4 ,evans1 ,mr4 ,gomez1 & ,mr4 ,espaillat7 introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,ways & ,means ,a ,,bill ,to am5d ! ,int]nal ,rev5ue ,code ( #aihf to provide = an increase 9 en]gy cr$it = sol> facilities plac$ 9 s]vice ) l[-income communities1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,l[-,income ,h\s+ ,r5ewable ,en]gy ,cr$it ,act4 #b4 ,increase 9 en]gy cr$it = sol> facilities plac$ 9 s]vice 9 connection ) l[-income communities 7a7 ,9 g5]al ,section #dh is am5d$ by add+ at ! end ! foll[+ new subsection3 7e7 ,special rules = c]ta9 sol> facilities plac$ 9 s]vice 9 connection ) l[-,income communities 7#a7 ,9 g5]al ,9 ! case ( any qualifi$ sol> facility ) respect to :i* ! ,secret>y makes an allocation ( environm5tal ju/ice sol> capacity limitation "u p>agraph 7#d7-- 7,a7 equipm5t describ$ 9 p>agraph 7#c77;,b7 %all be treat$ = purposes ( ?is section z en]gy prop]ty describ$ 9 subsection 7a77#b77;,a77i71 7,b7 ! en]gy p]c5tage o!rwise det]m9$ "u subsection 7a77#b7 ) respect to any eligible prop]ty :i* is "p ( su* facility %all be increas$ by-- 7i7 9 ! case ( a facility describ$ 9 subclause 7,i7 ( p>agraph 7#b77;,a77iii7 & n describ$ 9 subclause 7,,ii7 ( su* p>agraph1 #aj p]c5tage po9ts1 & 7ii7 9 ! case ( a facility describ$ 9 subclause 7,,ii7 ( p>agraph 7#b77;,a77iii7 & n describ$ 9 subclause 7,i7 ( su* p>agraph1 #bj p]c5tage po9ts1 & 7,c7 ! increase 9 ! cr$it det]m9$ "u subsection 7a7 by reason ( ?is subsection = any taxable ye> ) respect to all prop]ty :i* is "p ( su* facility %all n exce$ ! am\nt :i* be>s ! same ratio to ! am\nt ( su* increase 7det]m9$ )\t reg>d to ?is subp>agraph7 z-- 7i7 ! environm5tal ju/ice sol> capacity limitation allocat$ to su* facility1 be>s to 7ii7 ! total megawatt nameplate capacity ( su* facility4 7#b7 ,qualifi$ sol> facility ,= purposes ( ?is subsection-- 7,a7 ,9 g5]al ,! t]m qualifi$ sol> facility means any facility-- 7i7 :i* g5]ates electricity solely f prop]ty describ$ 9 subsection 7a77#c77;,a77i71 7ii7 :i* has a nameplate capacity ( #e megawatts or less1 & 7iii7 :i*-- 7,i7 is locat$ 9 a l[-income community 7z def9$ 9 section #de;,d7e771 or 7,,ii7 is "p ( a qualifi$ l[-income resid5tial build+ project or a qualifi$ l[-income economic b5efit project4 7,b7 ,qualifi$ l[-income resid5tial build+ project ,a facility %all be treat$ z "p ( a qualifi$ l[-income resid5tial build+ project if-- 7i7 su* facility is in/all$ on a resid5tial r5tal build+ :i* p>ticipates 9 a cov]$ h\s+ program 7z def9$ 9 section #dadaa7;a7 ( ! ,viol5ce ,aga9/ ,wom5 ,act ( #aiid 7#cd ,u4,s4,c4 #abdia7;a77#c7771 a ,h\s+ ,developm5t ,fund ,corporation coop]ative "u ,article ,,xi ( ! ,new ,york ,/ate ,private ,h\s+ ,f9ance ,law1 a h\s+ assi/ance program adm9i/]$ by ! ,u4,s4 ,dep>tm5t ( ,agriculture "u title ,v ( ! ,h\s+ ,act ( #aidi1 or su* o!r af=dable h\s+ programs z ! ,secret>y may provide1 & 7ii7 ! f9ancial b5efits ( ! electricity produc$ by su* facility are allocat$ equitably among ! occupants ( ! dwell+ units ( su* build+4 7,c7 ,qualifi$ l[-income economic b5efit project ,a facility %all be treat$ z "p ( a qualifi$ l[-income economic b5efit project if at lea/ #ej p]c5t ( ! f9ancial b5efits ( ! electricity produc$ by su* facility are provid$ to h\seholds ) income (-- 7i7 less ?an #bjj p]c5t ( ! pov]ty l9e applicable to a family ( ! size involv$1 or 7ii7 less ?an #gj p]c5t ( area m$ian gross income 7z det]m9$ "u section #adb7;d77#b77;,b774 7,d7 ,f9ancial b5efit ,= purposes ( subp>agraphs 7,b7 & 7,c71 electricity acquir$ at a bel[-m>ket rate %all n fail to be tak5 into acc\nt z a f9ancial b5efit4 7#c7 ,eligible prop]ty 7,a7 ,9 g5]al ,= purposes ( ?is section1 ! t]m eligible prop]ty means-- 7i7 en]gy prop]ty :i* is describ$ 9 subsection 7a77#c77;,a77i71 includ+ any prop]ty t /ores electricity :i* is in/all$ 9 connection ) su* en]gy prop]ty1 & 7ii7 ! am\nt ( any exp5ditures :i* are paid or incurr$ by ! taxpay] = qualifi$ int]connection prop]ty in/all$ 9 connection ) ! in/allation ( prop]ty describ$ 9 subp>agraph 7,a7 to provide = ! transmission or di/ribution ( ! electricity produc$ or /or$ by su* prop]ty1 & :i* are prop]ly *>geable to ! capital acc\nt ( ! taxpay]4 7,b7 ,def9itions ,= purposes ( subp>agraph 7,a7-- 7i7 ,qualifi$ int]connection prop]ty ,! t]m qualifi$ int]connection prop]ty means1 ) respect to a qualifi$ facility :i* is n a microgrid1 any tangible prop]ty-- 7,i7 :i* is "p ( an addition1 modification1 or upgrade to a transmission or di/ribution sy/em :i* is requir$ at or beyond ! po9t at :i* ! qualifi$ facility int]connects to su* transmission or di/ribution sy/em 9 ord] to accommodate su* int]connection1 7,,ii7 ei!r-- 7aa7 :i* is con/ruct$1 recon/ruct$1 or erect$ by ! taxpay]1 or 7bb7 = :i* ! co/ ) respect to ! con/ruction1 recon/ruction1 or erection ( su* prop]ty is paid or incurr$ by su* taxpay]1 & 7,,iii7 ! orig9al use ( :i*1 pursuant to an int]connection agreem5t1 comm5ces ) ! utility4 7ii7 ,int]connection agreem5t ,! t]m int]connection agreem5t means an agreem5t ent]$ into by a utility & ! taxpay] = ! purposes ( int]connect+ ! qualifi$ facility own$ by su* taxpay] to ! transmission or di/ribution sy/em ( su* utility4 7iii7 ,utility ,! t]m utility means ! own] or op]ator ( an electrical transmission or di/ribution sy/em :i* is subject to ! regulatory au?ority (-- 7,i7 ! ,f$]al ,en]gy ,regulatory ,commission1 or 7,,ii7 a ,/ate public utility commission or o!r appropriate ,/ate ag5cy4 7,c7 ,special rule = int]connection prop]ty ,9 ! case ( exp5ses paid or incurr$ = int]connection prop]ty1 am\nts o!rwise *>geable to capital acc\nt ) respect to su* exp5ses %all be r$uc$ "u rules simil> to ! rules ( section #ej7;c74 7#d7 ,allocations 7,a7 ,9 g5]al ,n lat] ?an #ahj days aft] ! date ( enactm5t ( ?is subsection1 ! ,secret>y %all e/abli% a program to allocate am\nts ( environm5tal ju/ice sol> capacity limitation to qualifi$ sol> facilities4 7,b7 ,limitation ,! am\nt ( environm5tal ju/ice sol> capacity limitation allocat$ by ! ,secret>y "u subp>agraph 7,a7 dur+ any cal5d> ye> %all n exce$ ! annual capacity limitation ) respect to su* ye>4 7,c7 ,annual capacity limitation ,= purposes ( ?is p>agraph1 ! t]m annual capacity limitation means #a4h gigawatts = ea* ( cal5d> ye>s #bjbb ?r\gh #bjca1 & z]o !reaft]4 7,d7 ,c>ryov] ( unus$ limitation ,if ! annual capacity limitation = any cal5d> ye> exce$s ! aggregate am\nt allocat$ = su* ye> "u ?is p>agraph1 su* limitation = ! succe$+ cal5d> ye> %all be increas$ by ! am\nt ( su* excess4 ,no am\nt may be c>ri$ "u ! prec$+ s5t5ce to any cal5d> ye> aft] #bjcc4 7,e7 ,plac$ 9 s]vice deadl9e 7i7 ,9 g5]al ,p>agraph 7#a7 %all n apply ) respect to any prop]ty :i* is plac$ 9 s]vice aft] ! date t is #d ye>s aft] ! date ( ! allocation ) respect to ! facility ( :i* su* prop]ty is a "p4 7ii7 ,application ( c>ryov] ,any am\nt ( environm5tal ju/ice sol> capacity limitation :i* expires "u clause 7i7 dur+ any cal5d> ye> %all be tak5 into acc\nt z an excess describ$ 9 subp>agraph 7,c7 7or z an increase 9 su* excess7 = su* cal5d>1 subject to ! limitation impos$ by ! la/ s5t5ce ( su* subp>agraph4 7,f7 ,selection crit]ia ,9 det]m9+ to :i* qualifi$ sol> facilities to allocate environm5tal ju/ice sol> capacity limitation "u ?is p>agraph1 ! ,secret>y %all take into consid]ation :i* facilities w result 9-- 7i7 ! greate/ heal? & economic b5efits = individuals describ$ 9 section #de;,d7e77#b71 7ii7 ! greate/ employm5t & wages = su* individuals1 & 7iii7 ! greate/ engagem5t )1 outrea* to1 or own]%ip by1 su* individuals1 includ+ ?r\gh p>tn]%ips ) local gov]nm5ts & community-bas$ organizations4 7,g7 ,disclosure ( allocations ,! ,secret>y %all1 ^u mak+ an allocation ( environm5tal ju/ice sol> capacity limitation "u ?is p>agraph1 publicly disclose ! id5tity ( ! applicant & ! am\nt ( ! environm5tal ju/ice sol> capacity limitation allocat$ to su* applicant4 7#e7 ,recapture ,! ,secret>y %all1 by regulations or o!r guidance1 provide = recaptur+ ! b5efit ( any increase 9 ! cr$it all[$ "u subsection 7a7 by reason ( ?is subsection ) respect to any prop]ty :i* ceases to be prop]ty eligible = su* increase 7b :i* does n cease to be inve/m5t cr$it prop]ty )9 ! mean+ ( section #ej7;a774 ,! p]iod & p]c5tage ( su* recapture %all be det]m9$ "u rules simil> to ! rules ( section #ej7;a74 ,su* recapture %all n apply ) respect to any prop]ty if1 )9 #ab mon?s aft] ! date ! taxpay] becomes aw>e 7or reasonably %\ld h become aw>e7 ( ! su* prop]ty ceas+ to be prop]ty eligible = su* increase1 ! eligibility ( su* prop]ty = su* increase is re/or$4 ,! prec$+ s5t5ce %all n apply m ?an once ) respect to any facility4 4 7b7 ,effective date ,! am5dm5ts made by ?is section %all apply to p]iods aft] ,decemb] #ca1 #bjba1 "u rules simil> to ! rules ( section #dh7m7 ( ! ,int]nal ,rev5ue ,code ( #aihf 7z 9 effect on ! day be=e ! date ( ! enactm5t ( ! ,rev5ue ,reconciliation ,act ( #aiij74