,,ii #aag? ,,congress #a/ ,session ,s4 #badj ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,june #ba1 #bjba,mr4 ,oss(f 7= himself1 ,mr4 ,w>nock1 ,mr4 ,b5net1 & ,ms4 ,/ab5[7 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,f9ance ,a ,,bill ,to am5d ! ,int]nal ,rev5ue ,code ( #aihf to e/abli% ! advanc$ sol> manufactur+ production cr$it4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,sol> ,en]gy ,manufactur+ = ,am]ica ,act4 #b4 ,advanc$ sol> manufactur+ production cr$it 7a7 ,9 g5]al ,subp>t ,c ( "p ,,iv ( sub*apt] ,a ( *apt] #a ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by add+ at ! end ! foll[+ new section3 #cf;,c4 ,advanc$ sol> manufactur+ production cr$it 7a7 ,9 g5]al 7#a7 ,all[ance ( cr$it ,!re %all be all[$ z a cr$it aga9/ ! tax impos$ by ?is subtitle = any taxable ye> an am\nt equal to ! sum ( ! cr$it am\nts det]m9$ "u subsection 7b7 ) respect to ea* sol> compon5t :i* is-- 7,a7 produc$ by su* taxpay]1 & 7,b7 dur+ ! taxable ye>-- 7i7 sold by ! taxpay] to-- 7,i7 an unrelat$ p]son1 or 7,,ii7 a relat$ p]son = ! use ( su* p]son 9 _! trade or bus9ess 7) ! exception ( any trade or bus9ess relat$ to resale ( su* sol> compon5t )\t any subsequ5t modification1 assembly1 or integration into a project71 or 7ii7 plac$ 9 s]vice or op]ation by ! taxpay] or any o!r p]son4 7#b7 ,production & sale mu/ be 9 trade or bus9ess ,any sol> compon5t produc$ & sold by ! taxpay] %all be tak5 into acc\nt only if ! production & sale describ$ 9 p>agraph 7#a7 is 9 a trade or bus9ess ( ! taxpay]4 7b7 ,cr$it am\nt 7#a7 ,9 g5]al ,subject to p>agraph 7#b71 ! am\nt det]m9$ "u ?is subsection ) respect to any sol> compon5t %all be equal to-- 7,a7 9 ! case ( an integrat$ module1 an am\nt equal to ! product (-- 7i7 #aa c5ts1 multipli$ by 7ii7 ! capacity ( su* module 7express$ on a p] direct curr5t watt basis71 7,b7 9 ! case ( a photovoltaic cell1 an am\nt equal to ! product (-- 7i7 #d c5ts1 multipli$ by 7ii7 ! capacity ( su* cell 7express$ on a p] direct curr5t watt basis71 7,c7 9 ! case ( a photovoltaic waf]1 #ab p] squ>e met]1 7,d7 9 ! case ( sol> grade polysilicon1 #c p] kilogram1 & 7,e7 9 ! case ( a sol> module :i* is n an integrat$ module1 an am\nt equal to ! product (-- 7i7 #g c5ts1 multipli$ by 7ii7 ! capacity ( su* module 7express$ on a p] direct curr5t watt basis74 7#b7 ,phase out 7,a7 ,9 g5]al ,9 ! case ( any sol> compon5t sold aft] ,decemb] #ca1 #bjbh1 ! am\nt det]m9$ "u ?is subsection ) respect to su* compon5t %all be equal to ! product (-- 7i7 ! am\nt det]m9$ "u p>agraph 7#a7 ) respect to su* compon5t1 z det]m9$ )\t reg>d to ?is p>agraph1 multipli$ by 7ii7 ! phase out p]c5tage "u subp>agraph 7,b74 7,b7 ,phase out p]c5tage ,! phase out p]c5tage "u ?is subp>agraph is equal to-- 7i7 9 ! case ( a sol> compon5t sold dur+ cal5d> ye> #bjbi1 #gj p]c5t1 7ii7 9 ! case ( a sol> compon5t sold dur+ cal5d> ye> #bjcj1 #ce p]c5t1 & 7iii7 9 ! case ( a sol> compon5t sold aft] ,decemb] #ca1 #bjcj1 #j p]c5t4 7c7 ,def9itions & o!r rules ,9 ?is section-- 7#a7 ,sol> compon5t ,! t]m sol> compon5t means any prop]ty describ$ 9 p>agraph 7#b74 7#b7 ,o!r def9itions 7,a7 ,integrat$ module ,! t]m integrat$ module means a sol> module produc$ by a s+le manufactur] ?r\gh ! conv]sion ( a photovoltaic waf] or o!r semiconductor mat]ial into an end product :i* is-- 7i7 suitable to g5]ate electricity :5 expos$ to sunlight1 & 7ii7 ready = in/allation )\t additional manufactur+ processes4 7,b7 ,photovoltaic cell ,! t]m photovoltaic cell means ! smalle/ semiconductor elem5t ( a sol> module :i* p]=ms ! imm$iate conv]sion ( light into electricity4 7,c7 ,photovoltaic waf] ,! t]m photovoltaic waf] means a ?9 slice or %eet ( semiconductor mat]ial ( at lea/ #bdj squ>e c5timet]s produc$ by a s+le manufactur]-- 7i7 ei!r-- 7,i7 directly f molt5 sol> grade polysilicon1 or 7,,ii7 ?r\gh =mation ( an +ot f molt5 polysilicon & subsequ5t slic+1 & 7ii7 :i* comprises ! sub/rate ( a photovoltaic cell4 7,d7 ,sol> grade polysilicon ,! t]m sol> grade polysilicon means silicon :i* is-- 7i7 suitable = use 9 photovoltaic manufactur+1 & 7ii7 purifi$ to a m9imum purity ( #ii4iiiiii p]c5t silicon by mass4 7,e7 ,sol> module ,! t]m sol> module means ! connection & lam9ation ( photovoltaic cells into an environm5tally protect$ f9al assembly :i* is-- 7i7 suitable to g5]ate electricity :5 expos$ to sunlight1 & 7ii7 ready = in/allation )\t an additional manufactur+ process4 7#c7 ,relat$ p]sons ,p]sons %all be treat$ z relat$ to ea* o!r if su* p]sons w\ld be treat$ z a s+le employ] "u ! regulations prescrib$ "u section #eb7;b74 ,9 ! case ( a corporation :i* is a memb] ( an affiliat$ gr\p ( corporations fil+ a consolidat$ return1 su* corporation %all be treat$ z sell+ compon5ts to an unrelat$ p]son if su* compon5t is sold to su* a p]son by ano!r memb] ( su* gr\p4 7#d7 ,only production 9 ! ,unit$ ,/ates tak5 into acc\nt ,sales %all be tak5 into acc\nt "u ?is section only ) respect to sol> compon5ts ! production ( :i* is )9-- 7,a7 ! ,unit$ ,/ates 7)9 ! mean+ ( section #fch7a771 or 7,b7 a possession ( ! ,unit$ ,/ates 7)9 ! mean+ ( section #fch7b774 7#e7 ,pass-?ru 9 ! case ( e/ates & tru/s ,"u regulations prescrib$ by ! ,secret>y1 rules simil> to ! rules ( subsection 7d7 ( section #eb %all apply4 7d7 ,regi/ration 7#a7 ,9 g5]al ,! ,secret>y %all require any p]son claim+ tax b5efits "u ! provisions ( ?is section to regi/] ) ! ,secret>y at su* "t1 9 su* =m & mann]1 & subject to su* t]ms & conditions1 z ! ,secret>y may by regulations prescribe4 ,a regi/ration "u ?is subsection may be us$ only 9 accordance ) regulations prescrib$ "u ?is subsection4 7#b7 ,regi/ration 9 ev5t ( *ange 9 own]%ip ,"u regulations prescrib$ by ! ,secret>y1 a p]son 7o!r ?an a corporation ! /ock ( :i* is regul>ly trad$ on an e/abli%$ securities m>ket7 %all be requir$ to re-regi/] "u ?is subsection if aft] a transaction 7or s]ies ( relat$ transactions7 m ?an #ej p]c5t ( own]%ip int]e/s 91 or assets (1 su* p]son are held by p]sons o!r ?an p]sons 7or p]sons relat$ !reto7 :o held m ?an #ej p]c5t ( su* int]e/s or assets be=e ! transaction 7or s]ies ( relat$ transactions74 7#c7 ,d5ial1 revocation1 or susp5sion ( regi/ration ,rules simil> to ! rules ( section #dbbb7;c7 %all apply to regi/ration "u ?is section4 7#d7 ,in=mation report+ ,! ,secret>y may require-- 7,a7 in=mation report+ by any p]son regi/]$ "u ?is subsection1 & 7,b7 in=mation report+ by su* o!r p]sons z ! ,secret>y deems necess>y to c>ry out ?is section4 4 7b7 ,con=m+ am5dm5ts 7#a7 ,section #fbaa7;b77#d77;,a7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by ins]t+ #cf;,c1 aft] #cf;,b14 7#b7 ,p>agraph 7#b7 ( section #acbd7;b7 ( title #ca1 ,unit$ ,/ates ,code1 is am5d$ by ins]t+ #cf;,c1 aft] #cf;,b14 7#c7 ,! table ( sections = subp>t ,c ( "p ,,iv ( sub*apt] ,a ( *apt] #a ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by ins]t+ aft] ! item relat+ to section #cf;,b ! foll[+ new item3 ,sec4 #cf;,c4 ,advanc$ sol> manufactur+ production cr$it4 4 7c7 ,effective date ,! am5dm5ts made by ?is section %all apply to compon5ts produc$ & sold aft] ,decemb] #ca1 #bjba4