,i #aai? ,,congress #a/ ,session ,h4 ,r4 #caj ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,janu>y #i1 #bjbe,mr4 ,p]ry 7= himself1 ,mr4 ,biggs ( ,arizona1 ,mr4 ,ogles1 & ,mr4 ,roy7 introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,ways & ,means ,a ,,bill ,to am5d ! ,int]nal ,rev5ue ,code ( #aihf to repeal c]ta9 cr$its4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,re/or+ ,en]gy ,m>ket ,fre$om ,act4 #b4 ,repeal ( cr$its 7a7 ,9 g5]al ,subp>t ,d ( "p ,,iv ( sub*apt] ,a ( *apt] #a ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by /rik+ sections #de1 #de;,j1 #de,q1 #de,u1 #de,v1 #de,x1 #de,y1 #dh1 #dh;,a1 #dh;,b1 #dh;,c1 #dh;,d1 & #dh;,e 7& by /rik+ ! items relat+ to su* sections 9 ! table ( sections = su* subp>t74 7b7 ,g5]al bus9ess cr$it ,section #ch ( su* ,code is am5d$-- 7#a7 9 subsection 7b71 by /rik+ p>agraphs 7#h71 7#ba71 7#bi71 7#cf71 7#cg71 7#ch71 & 7#ci7 & r$esignat+ p>agraphs 7#i7-7bj71 7#bb7-7bh71 7#cj7-7ce71 & 7#dj7-7da7 z p>agraphs 7#h7-7ai71 7#bj7-7bf71 7#bg7-7cb71 & 7#cc7-7cd71 respectively1 & 7#b7 9 subsection 7c77#d77;,b71 by /rik+ clauses 7iv71 7v71 & 7x7 & r$esignat+ clauses 7vi7-7ix7 & 7xi7-7xii7 z clauses 7iv7-7vii7 & 7viii7-7ix71 respectively4 7c7 ,con=m+ am5dm5ts 7#a7 ,section #be7;e77#c7 ( su* ,code is am5d$ by add+ 7z 9 effect imm$iately be=e its repeal7 be=e ! p]iod at ! end4 7#b7 ,section #cj;,c ( su* ,code is am5d$-- 7,a7 9 subsection 7g77#b77;,b71 by ins]t+ 7z 9 effect imm$iately prior to its repeal7 aft] section #de7;b77#g77;,b71 & 7,b7 9 subsection 7g77#c71 by ins]t+ 7z 9 effect imm$iately prior to its repeal7 aft] section #de7;b77#h74 7#c7 ,section #de,k7b77#c7 ( su* ,code is am5d$ by /rik+ 7)9 ! mean+ ( section #dh7;a77#d77;,c77 & ins]t+ 7)9 ! mean+ ( section #dh7;a77#d77;,c7 z 9 effect imm$iately be=e its repeal74 7#d7 ,section #de,k7g77#b7 ( su* ,code is am5d$ by /rik+ subp>agraph 7,e74 7#e7 ,section #de,l7g77#b77;,b7 ( su* ,code is am5d$ by ins]t+ 7z 9 effect imm$iately prior to its repeal7 aft] section #de7;b77#g77;,b74 7#f7 ,section #de,z ( su* ,code is am5d$-- 7,a7 9 subsection 7c71 by ins]t+ 7z 9 effect imm$iately prior to its repeal7 aft] pursuant to section #de,y7c71 7,b7 by am5d+ subsection 7d77#d7 to read z foll[s3 7#d7 ,qualifi$ facility ,! t]m qualifi$ facility means a facility us$ = ! production ( transportation fuels4 1 & 7,c7 9 subsection 7f7-- 7i7 9 p>agraph 7#e71 by ins]t+ 7z 9 effect imm$iately prior to its repeal7 aft] section #de,y7g77#f71 7ii7 9 p>agraph 7#f71 by ins]t+ 7z 9 effect imm$iately prior to its repeal7 aft] section #de7;b77#g71 & 7iii7 9 p>agraph 7#g71 by ins]t+ 7z 9 effect imm$iately prior to its repeal7 aft] section #de7;b77#h74 7#g7 ,section #di7;a77,c7 ( su* ,code is am5d$ by add+ & at ! end ( clause 7i71 by /rik+ ! comma at ! end ( clause 7ii7 & ins]t+ a p]iod1 & by /rik+ clauses 7ii71 7iv71 7v71 & 7vi74 7#h7 ,section #ej7;a77#b77;,e7 ( su* ,code is am5d$ by /rik+ section #dh7;b74 7#i7 ,section #ej7;a7 ( su* ,code is am5d$-- 7,a7 9 p>agraph 7#b71 by /rik+ subp>agraph 7,e71 & 7,b7 by /rik+ p>agraph 7#c74 7#aj7 ,section #ef;,a7c7 ( su* ,code is am5d$ by /rik+ p>agraph 7#i74 7#aa7 ,section #ei;,a7b77#d7 ( su* ,code is am5d$ by /rik+ prop]ly allocable to & all t foll[s ?r\gh ! p]iod & by ins]t+ prop]ly allocable to ! l[-income h\s+ cr$it det]m9$ "u section #db7;a744 7#ab7 ,section #adb7o7 ( su* ,code is am5d$ by ins]t+ z 9 effect imm$iately prior to its repeal aft] 7z def9$ 9 section #de,q7e77#c74 7#ac7 ,section #afh7;e77#c77;,b7 ( su* ,code is am5d$-- 7,a7 9 clause 7v71 by add+ & at ! end1 & 7,b7 by /rik+ clause 7vi74 7#ad7 ,section #agi;,d7b7 ( su* ,code is am5d$-- 7,a7 9 p>agraph 7#d77;,b71 by ins]t+ 7z 9 effect imm$iately prior to its repeal7 aft] section #de7;b77#g77;,b71 & 7,b7 9 p>agraph 7#e71 by ins]t+ 7z 9 effect imm$iately prior to its repeal7 aft] section #de7;b77#h74 7#ae7 ,section #dji ( su* ,code is am5d$-- 7,a7 9 subsection 7g71 by /rik+ section #dh7n77#a7 or & section #dh7n77#a7 &1 & 7,b7 9 subsection 7m71 by /rik+ 1 or subp>agraph 7,a7 or 7,b7 ( section #dh7n77#a74 7#af7 ,section #eja7;c77#ab7 ( su* ,code is am5d$ by /rik+ subp>agraph 7,i7 & by r$esignat+ subp>agraph 7,j7 z subp>agraph 7,i74 7#ag7 ,section #fdag ( su* ,code is am5d$-- 7,a7 9 subsection 7b71 by /rik+ p>agraphs 7#b71 7#c71 7#d71 7#e71 7#g71 7#h71 7#aj71 7#aa71 & 7#ab7 & by r$esignat+ p>agraphs 7#f7 & 7#i7 z p>agraphs 7#b7 & 7#c71 respectively1 & 7,b7 9 subsection 7d7-- 7i7 by am5d+ p>agraph 7#a7 to read z foll[s3 7#a7 ,applicable entity ,! t]m applicable entity means-- 7,a7 any organization exempt f ! tax impos$ by subtitle ,a1 7,b7 any ,/ate or political subdivision !re(1 7,c7 ! ,t5nessee ,valley ,au?ority1 7,d7 an ,indian tribal gov]nm5t 7z def9$ 9 section #cj;,d7g77#i771 7,e7 any ,alaska ,native ,corporation 7z def9$ 9 section #c ( ! ,alaska ,native ,claims ,settlem5t ,act 7#dc ,u4,s4,c4 #afjb7m771 or 7,f7 any corporation op]at+ on a coop]ative basis :i* is engag$ 9 furni%+ electric en]gy to p]sons 9 rural areas4 1 & 7ii7 by am5d+ p>agraph 7#c7 to read z foll[s3 7#c7 ,elections 7,a7 ,due date ,any election "u subsection 7a7 %all be made n lat] ?an-- 7i7 9 ! case ( any gov]nm5t1 or political subdivision1 describ$ 9 p>agraph 7#a7 & = :i* no return is requir$ "u section #fjaa or #fjcc7;a71 su* date z is det]m9$ appropriate by ! ,secret>y1 or 7ii7 9 any o!r case1 ! due date 7includ+ ext5sions ( "t7 = ! return ( tax = ! taxable ye> = :i* ! election is made1 b 9 no ev5t e>li] ?an #ahj days aft] ! date ( ! enactm5t ( ?is section4 7,b7 ,additional rules ,any election "u subsection 7a71 once made1 %all be irrevocable & %all apply 7except z o!rwise provid$ 9 ?is p>agraph7 ) respect to any cr$it = ! taxable ye> = :i* ! election is made4 4 7#ah7 ,section #fdah7;f77#a7 ( su* ,code is am5d$-- 7,a7 9 subp>agraph 7,a71 by /rik+ clauses 7ii7-7vii7 & 7ix7-7xi7 & by r$esignat+ clause 7viii7 z clause 7ii71 7,b7 by /rik+ subp>agraph 7,b71 & 7,c7 by r$esignat+ subp>agraph 7,c7 z subp>agraph 7,b74 7d7 ,effective date ,! am5dm5ts made by ?is section %all apply to taxable ye>s beg9n+ aft] ,decemb] #ca1 #bjbd4