,i  #aaith ,,congress  #b;d ,session    
,h4 ,r4 #igdf  ,,in ,,the ,,house ,,of  
,,representatives  ,july #af1 #bjbf,mr4 
,kiley of ,california introduced the    
following bill2 which was referred to   
the ,committee on ,ways and ,means  ,a  
,,bill  ,to amend the ,internal ,revenue
 ,code of #aihf to provide investment   
and production credits for open- and    
closed-loop biomass facilities4  #a4    
,short title ,this ,act may be cited as 
the ,biomass ,facility ,construction    
,act4  #b4 ,reinstatement of investment 
and production credits for open- and    
closed-loop biomass facilities  7a7     
,investment credit ,section #dh7;a7 of  
the ,internal ,revenue ,code of #aihf is
 amended--  7#a7 by redesignating       
paragraph 7#af7 as paragraph 7#ag71 and 
7#b7 by inserting after paragraph 7#ae7 
the following new paragraph3  7#af7     
,application of credit to certain       
biomass facilities  7,a7 ,in general ,in
 the case of any qualified property 7as 
defined in paragraph 7#e77;,d77 which is

 part of a specified biomass facility-- 
7i7 such property shall be treated as   
energy property for purposes of this    
section1 and  7ii7 the energy percentage
 with respect to such property is #cj   
percent4  7,b7 ,specified biomass       
facility ,for purposes of this          
paragraph1 the term specified biomass   
facility means any facility--  7i7      
described in paragraph 7#b7 or 7#c7 of  
section #de7;d71 and  7ii7 the          
construction of which begins after the  
date of the enactment of the ,biomass   
,facility ,construction ,act4  4  7b7   
,production credit  7#a7 ,application to
 new biomass facilities ,section #de7;d7
 of the ,internal ,revenue ,code of     
#aihf is amended-- 7,a7 in paragraphs   
7#b7 and 7#c71 by inserting or after the
 date of the enactment of the ,biomass  
,facility ,construction ,act1 after     
,january #a1 #bjbe1 each place it       
appears1 and  7,b7 in paragraph         
7#c77;,a77ii71 by inserting 1 or after  
the date of the enactment of the        

,biomass ,facility ,construction ,act   
after ,january #a1 #bjbe4  7#b7         
,termination of certain limitations     
,section #de7;b77#d7 of such ,code is   
amended by adding at the end the        
following new subparagraph3  7,c7       
,termination ,subparagraphs 7,a7 and    
7,b7 shall not apply to any facility    
described in paragraph 7#b7 or 7#c7 of  
subsection 7d7 the construction of which
 begins after the date of the enactment 
of the ,biomass ,facility ,construction 
,act4  4  7c7 ,effective date ,the      
amendments made by this section shall   
apply to facilities the construction of 
which begins after the date of the      
enactment of this ,act4