,,ii #aagth ,,congress #ast ,session ,s4 #biji ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,september #cj1 #bjba ,mr4 ,bennet 7for himself 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 provide a manufacturing investment tax credit and a production tax credit for manufacturing facilities that produce onshore wind turbine components4 #a4 ,short title ,this ,act may be cited as the ,onshore ,wind ,american ,manufacturing ,act of #bjba4 #b4 ,onshore wind manufacturing credit 7a7 ,in general ,subpart ,c of part ,,iv of subchapter ,a of chapter #a of the ,internal ,revenue ,code is amended by inserting after section #cf;,b the following new section3 #cf;,c4 ,onshore wind manufacturing credit 7a7 ,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-- 7#a7 the onshore wind manufacturing investment credit1 and 7#b7 the onshore wind manufacturing production credit4 7b7 ,credit amounts ,for purposes of this section-- 7#a7 ,manufacturing investment credit 7,a7 ,in general ,the onshore wind manufacturing investment credit for any taxable year is an amount equal to #cj percent of the qualified investment for such taxable year4 7,b7 ,qualified investment ,the qualified investment for any taxable year is the basis of any onshore wind manufacturing property placed in service in the ,united ,states by the taxpayer during such taxable year4 7,c7 ,onshore wind manufacturing property ,the term onshore wind manufacturing property means property-- 7i7 which is used predominantly to manufacture or process any qualified onshore wind component1 7ii7 with respect to which depreciation 7or amortization in lieu of depreciation7 is allowable1 and 7iii7 which-- 7,i7 is constructed1 reconstructed1 retooled1 upgraded1 expanded1 or erected by the taxpayer1 or 7,,ii7 which is acquired by the taxpayer1 if the original use of such property commences with the taxpayer4 7#b7 ,manufacturing production credit 7,a7 ,in general ,the onshore wind manufacturing production credit is an amount equal to the applicable rate with respect to any qualified onshore wind component or related vehicles or specialty equipment which-- 7i7 is produced by the taxpayer at a qualified manufacturing facility1 and 7ii7 during the taxable year-- 7,i7 is sold by the taxpayer to-- 7aa7 an unrelated person1 or 7bb7 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 onshore wind component without any subsequent modification1 assembly1 or integration into a project71 or 7,,ii7 if not sold1 is placed in service or operation by the taxpayer or any other person4 7,b7 ,applicable rate ,the applicable rate is-- 7i7 with respect to any qualified onshore wind component1 the total rated capacity 7expressed in watts7 of the completed onshore wind turbine for which the component is designed1 multiplied by-- 7,i7 in the case of any hub1 #b cents1 7,,ii7 in the case of any tower1 #c cents1 7,,iii7 in the case of any blade1 #d cents1 and 7,,iv7 in the case of any nacelle1 #e cents1 and 7ii7 with respect to any related vehicles or specialty equipment1 an amount equal to-- 7,i7 #cj percent of the sale price of such vehicles or equipment1 in the case of vehicles or equipment used for the transport or installation of advanced onshore wind technology1 and 7,,ii7 #aj percent of the sale price of such vehicles or equipment1 in any other case4 7,c7 ,qualified manufacturing facility ,the term qualified manufacturing facility means any new or existing facility-- 7i7 which is located in the ,united ,states1 and 7ii7 which manufactures or assembles qualified onshore wind components or related vehicles or specialty equipment4 7,d7 ,advanced onshore wind technology ,the term advanced onshore wind technology means any onshore wind energy production technology whose land-based system components are of a size that cannot be transported on the ,interstate ,highway ,system due to the minimum vertical clearances of bridges4 7,e7 ,production and sale must be in trade or business ,any qualified onshore wind component produced and sold by the taxpayer shall be taken into account under subparagraph 7,a77ii77,i7 only if the production and sale described in subparagraph 7,a7 is in a trade or business of the taxpayer4 7c7 ,definitions ,for purposes of this section-- 7#a7 ,qualified onshore wind component 7,a7 ,in general ,the term qualified onshore wind component means any blade1 tower1 nacelle1 or hub which is a component in an onshore wind energy system producing electricity which-- 7i7 is rated at more than #aej kilowatts1 or 7ii7 is certified by an accredited certification agency to meet ,standard #i4a-bjji of the ,american ,wind ,energy ,association or the ,small ,wind ,turbine ,standard 7,,swt-#a7 of the ,american ,clean ,power ,association and ,american ,national ,standards ,institute4 7,b7 ,definitions 7i7 ,blade ,the term blade means an airfoil-shaped blade which is responsible for converting onshore wind energy to low speed rotational energy4 7ii7 ,tower ,the term tower means a tubular steel1 composite1 concrete1 or steel lattice structure which supports an onshore wind turbine4 7iii7 ,nacelle ,the term nacelle means the assembly of the drive train and other tower-top components of an onshore wind turbine1 excluding the blades and hub1 within their cover housing4 7iv7 ,hub ,the term hub means the component which connects the blades to the main shaft of the onshore wind turbine4 7#b7 ,related vehicles or specialty equipment ,the term related vehicles or specialty equipment means any vehicles1 aircraft1 or related logistical equipment which are purpose-built or retrofitted for purposes of the transport1 installation1 or maintenance of onshore wind components and onshore wind turbines4 7d7 ,special rules ,for purposes of this section-- 7#a7 ,secretary ,any reference to the ,secretary means the ,secretary in consultation with the ,secretary of ,energy4 7#b7 ,labor conditions ,any property shall be treated as onshore wind manufacturing property1 and any facility shall be treated as a qualified manufacturing facility1 only if all laborers and mechanics employed by all contractors and subcontractors in the manufacture of such property or at such facility are paid wages at rates not less than the prevailing rates for work of a similar character in the locality as determined by the ,secretary of ,labor1 in accordance with sections #cada through #cadd1 #cadf1 and #cadg of title #dj1 ,united ,states ,code4 7#c7 ,certain rules made applicable for investment credit ,for purposes of the onshore wind manufacturing investment credit determined under subsection 7b77#a71 rules similar to the rules of subsections 7a7 and 7c7 of section #ej shall apply4 7#d7 ,coordination with general investment credit ,no credit shall be allowed under section #dh;,c with respect to any facility taken into account for purposes of the credit under subsection 7b77#b71 or any facility with respect to which any qualified investment is taken into account for purposes of the credit under subsection 7b77#a74 ,the credit under this section shall be allowed without regard to whether any qualified investment 7as defined in section #dh;,c7b77 with respect to a facility has been taken into account for purposes of section #dh;,c in any preceding taxable year4 7e7 ,registration 7#a7 ,in general ,no credit shall be allowed under this section unless the taxpayer registers with the ,secretary1 at such time1 in such form and manner1 and subject to such terms and conditions1 as the ,secretary may by regulations prescribe4 ,such registration shall include a demonstration of compliance with the requirements of subsection 7d77#b74 7#b7 ,registration in event of change in ownership ,under regulations prescribed by the ,secretary1 the taxpayer 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 the taxpayer 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 7f7 ,termination 7#a7 ,onshore wind manufacturing investment tax credit 7,a7 ,in general ,except as provided in subparagraph 7,b71 in the case of any qualified investment with respect to onshore wind manufacturing property which is placed in service after ,december #ca1 #bjbh1 the amount of the credit determined under subsection 7b77#a7 7without regard to this subsection7 shall be reduced by-- 7i7 in the case of property placed in service in calendar year #bjbi1 #cj percent1 7ii7 in the case of property placed in service in calendar year #bjcj1 #fe percent1 and 7iii7 in the case of property placed in service after ,december #ca1 #bjcj1 #ajj percent4 7,b7 ,certain progress expenditure rules made applicable ,rules similar to the rules of subsections 7c77#d7 and 7d7 of section #df 7as in effect on the day before the date of the enactment of the ,revenue ,reconciliation ,act of #aiij7 shall apply for purposes of subparagraph 7,a74 7#b7 ,onshore wind manufacturing production tax credit ,no credit shall be allowed under subsection 7b77#b7 in the case of any qualified onshore wind component first sold or placed in service after ,december #ca1 #bjcj4 4 7b7 ,clerical amendment ,the table of sections for subpart ,c of part ,,iv of subchapter ,a of chapter #a of the ,internal ,revenue ,code is amended by inserting after the item relating to section #cf;,b the following new item3 ,sec4 #cf;,c4 ,onshore wind manufacturing credit4 4 7c7 ,conforming amendment ,paragraph 7#b7 of section #acbd7;b7 of title #ca1 ,united ,states ,code1 is amended by inserting 1 #cf;,c after #cf;,b4 7d7 ,effective date ,the amendments made by this section shall apply to-- 7#a7 any qualified investment 7as defined in section #cf;,c7b77#a77;,b7 of the ,internal ,revenue ,code of #aihf1 as added by this section7 with respect to property placed in service beginning after ,august #a1 #bjba1 and 7#b7 qualified onshore wind components 7as defined in section #cf;,c7c77#a7 of such ,code1 as so added7 first sold or placed in service after ,august #a1 #bjba4