,,ii #aagth ,,congress #ast ,session ,s4 #badj ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,june #ba1 #bjba,mr4 ,ossoff 7for himself1 ,mr4 ,warnock1 ,mr4 ,bennet1 and ,ms4 ,stabenow7 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 establish the advanced solar manufacturing production credit4 #a4 ,short title ,this ,act may be cited as the ,solar ,energy ,manufacturing for ,america ,act4 #b4 ,advanced solar manufacturing production credit 7a7 ,in general ,subpart ,c of part ,,iv of subchapter ,a of chapter #a of the ,internal ,revenue ,code of #aihf is amended by adding at the end the following new section3 #cf;,c4 ,advanced solar manufacturing production credit 7a7 ,in general 7#a7 ,allowance of credit ,there shall be allowed as a credit against the tax imposed by this subtitle for any taxable year an amount equal to the sum of the credit amounts determined under subsection 7b7 with respect to each solar component which is-- 7,a7 produced by such taxpayer1 and 7,b7 during the taxable year-- 7i7 sold by the taxpayer to-- 7,i7 an unrelated person1 or 7,,ii7 a related person for the use of such person in their trade or business 7with the exception of any trade or business related to resale of such solar component without any subsequent modification1 assembly1 or integration into a project71 or 7ii7 placed in service or operation by the taxpayer or any other person4 7#b7 ,production and sale must be in trade or business ,any solar component produced and sold by the taxpayer shall be taken into account only if the production and sale described in paragraph 7#a7 is in a trade or business of the taxpayer4 7b7 ,credit amount 7#a7 ,in general ,subject to paragraph 7#b71 the amount determined under this subsection with respect to any solar component shall be equal to-- 7,a7 in the case of an integrated module1 an amount equal to the product of-- 7i7 #aa cents1 multiplied by 7ii7 the capacity of such module 7expressed on a per direct current watt basis71 7,b7 in the case of a photovoltaic cell1 an amount equal to the product of-- 7i7 #d cents1 multiplied by 7ii7 the capacity of such cell 7expressed on a per direct current watt basis71 7,c7 in the case of a photovoltaic wafer1 #ab per square meter1 7,d7 in the case of solar grade polysilicon1 #c per kilogram1 and 7,e7 in the case of a solar module which is not an integrated module1 an amount equal to the product of-- 7i7 #g cents1 multiplied by 7ii7 the capacity of such module 7expressed on a per direct current watt basis74 7#b7 ,phase out 7,a7 ,in general ,in the case of any solar component sold after ,december #ca1 #bjbh1 the amount determined under this subsection with respect to such component shall be equal to the product of-- 7i7 the amount determined under paragraph 7#a7 with respect to such component1 as determined without regard to this paragraph1 multiplied by 7ii7 the phase out percentage under subparagraph 7,b74 7,b7 ,phase out percentage ,the phase out percentage under this subparagraph is equal to-- 7i7 in the case of a solar component sold during calendar year #bjbi1 #gj percent1 7ii7 in the case of a solar component sold during calendar year #bjcj1 #ce percent1 and 7iii7 in the case of a solar component sold after ,december #ca1 #bjcj1 #j percent4 7c7 ,definitions and other rules ,in this section-- 7#a7 ,solar component ,the term solar component means any property described in paragraph 7#b74 7#b7 ,other definitions 7,a7 ,integrated module ,the term integrated module means a solar module produced by a single manufacturer through the conversion of a photovoltaic wafer or other semiconductor material into an end product which is-- 7i7 suitable to generate electricity when exposed to sunlight1 and 7ii7 ready for installation without additional manufacturing processes4 7,b7 ,photovoltaic cell ,the term photovoltaic cell means the smallest semiconductor element of a solar module which performs the immediate conversion of light into electricity4 7,c7 ,photovoltaic wafer ,the term photovoltaic wafer means a thin slice or sheet of semiconductor material of at least #bdj square centimeters produced by a single manufacturer-- 7i7 either-- 7,i7 directly from molten solar grade polysilicon1 or 7,,ii7 through formation of an ingot from molten polysilicon and subsequent slicing1 and 7ii7 which comprises the substrate of a photovoltaic cell4 7,d7 ,solar grade polysilicon ,the term solar grade polysilicon means silicon which is-- 7i7 suitable for use in photovoltaic manufacturing1 and 7ii7 purified to a minimum purity of #ii4iiiiii percent silicon by mass4 7,e7 ,solar module ,the term solar module means the connection and lamination of photovoltaic cells into an environmentally protected final assembly which is-- 7i7 suitable to generate electricity when exposed to sunlight1 and 7ii7 ready for installation without an additional manufacturing process4 7#c7 ,related persons ,persons shall be treated as related to each other if such persons would be treated as a single employer under the regulations prescribed under section #eb7;b74 ,in the case of a corporation which is a member of an affiliated group of corporations filing a consolidated return1 such corporation shall be treated as selling components to an unrelated person if such component is sold to such a person by another member of such group4 7#d7 ,only production in the ,united ,states taken into account ,sales shall be taken into account under this section only with respect to solar components the production of which is within-- 7,a7 the ,united ,states 7within the meaning of section #fch7a771 or 7,b7 a possession of the ,united ,states 7within the meaning of section #fch7b774 7#e7 ,pass-thru in the case of estates and trusts ,under regulations prescribed by the ,secretary1 rules similar to the rules of subsection 7d7 of section #eb shall apply4 7d7 ,registration 7#a7 ,in general ,the ,secretary shall require any person claiming tax benefits under the provisions of this section to register with the ,secretary at such time1 in such form and manner1 and subject to such terms and conditions1 as the ,secretary may by regulations prescribe4 ,a registration under this subsection may be used only in accordance with regulations prescribed under this subsection4 7#b7 ,registration in event of change in ownership ,under regulations prescribed by the ,secretary1 a person 7other than a corporation the stock of which is regularly traded on an established securities market7 shall be required to re-register under this subsection if after a transaction 7or series of related transactions7 more than #ej percent of ownership interests in1 or assets of1 such person are held by persons other than persons 7or persons related thereto7 who held more than #ej percent of such interests or assets before the transaction 7or series of related transactions74 7#c7 ,denial1 revocation1 or suspension of registration ,rules similar to the rules of section #dbbb7;c7 shall apply to registration under this section4 7#d7 ,information reporting ,the ,secretary may require-- 7,a7 information reporting by any person registered under this subsection1 and 7,b7 information reporting by such other persons as the ,secretary deems necessary to carry out this section4 4 7b7 ,conforming amendments 7#a7 ,section #fbaa7;b77#d77;,a7 of the ,internal ,revenue ,code of #aihf is amended by inserting #cf;,c1 after #cf;,b14 7#b7 ,paragraph 7#b7 of section #acbd7;b7 of title #ca1 ,united ,states ,code1 is amended by inserting #cf;,c1 after #cf;,b14 7#c7 ,the table of sections for subpart ,c of part ,,iv of subchapter ,a of chapter #a of the ,internal ,revenue ,code of #aihf is amended by inserting after the item relating to section #cf;,b the following new item3 ,sec4 #cf;,c4 ,advanced solar manufacturing production credit4 4 7c7 ,effective date ,the amendments made by this section shall apply to components produced and sold after ,december #ca1 #bjba4