,,ii #aagth ,,congress #ast ,session ,s4 #ajcd ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,march #be1 #bjba,mr4 ,coons 7for himself1 ,mr4 ,moran1 ,mr4 ,king1 ,mr4 ,carper1 ,ms4 ,ernst1 ,ms4 ,collins1 ,mr4 ,warner1 ,mr4 ,braun1 ,ms4 ,stabenow1 ,mr4 ,crapo1 and ,mr4 ,bennet7 introduced the following bill2 which was read twice and referred to the ,committee on ,finance ,a ,,bill ,to amend the ,internal ,revenue ,code of #aihf to extend the publicly traded partnership ownership structure to energy power generation projects and transportation fuels1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,financing ,our ,energy ,future ,act4 #b4 ,green energy publicly traded partnerships 7a7 ,in general ,section #ggjd7;d77#a77;,e7 of the ,internal ,revenue ,code of #aihf is amended-- 7#a7 by striking income and gains derived from the exploration and inserting income and gains derived from-- 7i7 the exploration 1 7#b7 by inserting or before industrial source1 and 7#c7 by striking 1 or the transportation or storage and all that follows and inserting the following3 7ii7 the generation of electric power or thermal energy exclusively using any qualified energy resource 7as defined in section #de7;c77#a771 7iii7 the operation of energy property 7as defined in section #dh7;a77#c71 determined without regard to any date by which the construction of the facility is required to begin71 7iv7 in the case of a facility described in paragraph 7#c7 or 7#g7 of section #de7;d7 7determined without regard to any placed in service date or date by which construction of the facility is required to begin71 the accepting or processing of open-loop biomass or municipal solid waste1 7v7 the storage of electric power or thermal energy exclusively using equipment 7other than equipment primarily used in the transportation of goods or individuals and not for the production of electricity7 which-- 7,i7 uses batteries1 compressed air1 pumped hydropower1 hydrogen storage 7including hydrolysis and electrolysis71 thermal energy storage1 regenerative fuel cells1 flywheels1 capacitors1 superconducting magnets1 or other technologies identified by the ,secretary1 after consultation with the ,secretary of ,energy1 to store energy for conversion to electricity and has a capacity of not less than #e kilowatt hours1 or 7,,ii7 stores thermal energy to heat or cool 7or provide hot water for use in7 a structure 7other than for use in a swimming pool71 7vi7 the generation1 storage1 or distribution of electric power or thermal energy exclusively using energy property that is combined heat and power system property 7as defined in section #dh7;c77#c71 determined without regard to subparagraph 7,b77iii7 thereof and without regard to any date by which the construction of the facility is required to begin71 7vii7 the transportation or storage of any fuel described in subsection 7b71 7c71 7d71 or 7e7 of section #fdbf1 7viii7 the conversion of renewable biomass 7as defined in subparagraph 7,i7 of section #baa7o77#a7 of the ,clean ,air ,act 7as in effect on the date of the enactment of this clause77 into renewable fuel 7as defined in subparagraph 7,j7 of such section as so in effect71 or the storage or transportation of such fuel1 7ix7 the production1 storage1 or transportation of any fuel which-- 7,i7 uses as its primary feedstock carbon oxides captured from an anthropogenic source or the atmosphere1 7,,ii7 does not use as its primary feedstock carbon oxide which is deliberately released from naturally occurring subsurface springs1 and 7,,iii7 is determined by the ,secretary1 after consultation with the ,secretary of ,energy and the ,administrator of the ,environmental ,protection ,agency1 to achieve a reduction of not less than a #fj percent in lifecycle greenhouse gas emissions 7as defined in section #baa7o77#a77;,h7 of the ,clean ,air ,act1 as in effect on the date of the enactment of this clause7 compared to baseline lifecycle greenhouse gas emissions 7as defined in section #baa7o77#a77;,c7 of such ,act1 as so in effect71 7x7 the generation of electric power from a qualifying gasification project 7as defined in section #dh;,b7c77#a7 without regard to subparagraph 7,c77 that is described in section #dh;,b7d77#a77;,b71 7xi7 in the case of a qualified facility 7as defined in section #de,q7d71 without regard to any date by which construction of the facility is required to begin7 not less than #ej percent 7#cj percent in the case of a facility placed in service before ,january #a1 #bjbb7 of the total carbon oxide production of which is qualified carbon oxide 7as defined in section #de,q7c77-- 7,i7 the generation1 availability for such generation1 or storage of electric power at such facility1 or 7,,ii7 the capture of carbon dioxide by such facility1 7xii7 the generation of electric power or energy from any advanced nuclear facility 7as defined in section #de;,j7d77#b71 determined by substituting ,december #ca1 #bjah for ,december #ca1 #aiic71 or 7xiii7 the production1 storage1 or transportation of any renewable chemical which-- 7,i7 is produced in the ,united ,states 7or in a territory or possession of the ,united ,states7 from renewable biomass1 7,,ii7 is not less than #ie percent biobased content1 7,,iii7 is not sold or used for the production of any food1 feed1 fuel1 or pharmaceuticals1 7,,iv7 is approved to use the ,,usda ,certified ,biobased ,product label under section #ijjb7;b7 of the ,farm ,security and ,rural ,investment ,act of #bjjb 7#g ,u4,s4,c4 #hajb7;b771 and 7,v7 is a chemical intermediate 7as such term is defined in section #cbja4aji of title #g1 ,code of ,federal ,regulations 7or successor regulations771 4 7b7 ,effective date ,the amendments made by this section shall apply to taxable years beginning after ,december #ca1 #bjba4