,,ii  #aaith ,,congress  #ast ,session  
,s4 #agba  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,may #ac1      
#bjbe,mr4 ,lee 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 repeal green energy tax    
subsidies4  #a4 ,short title2 etc  7a7  
,short title ,this ,act may be cited as 
the ,energy ,freedom ,act4  7b7         
,amendment of #aihf ,code ,except as    
otherwise expressly provided1 whenever  
in this ,act an amendment or repeal is  
expressed in terms of an amendment to1  
or repeal of1 a section or other        
provision1 the reference shall be       
considered to be made to a section or   
other provision of the ,internal        
,revenue ,code of #aihf4  7c7 ,table of 
contents ,the table of contents of this 
,act is as follows3 ,sec4 #a4 ,short    
title2 etc4,sec4 #b4 ,energy efficient  
home improvement credit repealed4,sec4  
#c4 ,residential clean energy credit    

repealed4,sec4 #d4 ,previously-owned    
clean vehicles credit repealed4,sec4 #e4
 ,alternative fuel vehicle refueling    
property credit repealed4,sec4 #f4      
,clean vehicle credit repealed4,sec4 #g4
 ,second generation biofuel producer    
credit4,sec4 #h4 ,repeal of incentives  
for biodiesel1 renewable diesel1 and    
alternative fuels4,sec4 #i4 ,sustainable
 aviation fuel credit repealed4,sec4    
#aj4 ,electricity produced from certain 
renewable resources credit              
repealed4,sec4 #aa4 ,new energy         
efficient home credit repealed4,sec4    
#ab4 ,carbon oxide sequestration credit 
repealed4,sec4 #ac4 ,zero-emission      
nuclear power production credit         
repealed4,sec4 #ad4 ,clean hydrogen     
production credit repealed4,sec4 #ae4   
,qualified commercial clean vehicles    
credit repealed4,sec4 #af4 ,advanced    
manufacturing production credit         
repealed4,sec4 #ag4 ,clean electricity  
production credit repealed4,sec4 #ah4   
,clean fuel production credit           

repealed4,sec4 #ai4 ,energy credit      
repealed4,sec4 #bj4 ,qualifying advanced
 energy project credit repealed4,sec4   
#ba4 ,clean electricity investment      
credit repealed4,sec4 #bb4 ,energy      
efficient commercial buildings deduction
 repealed4,sec4 #bc4 ,repeal on tax on  
petroleum4,sec4 #bd4 ,repeal of sections
 relating to elective payment for energy
 property and electricity produced from 
certain renewable resources2 transfer of
 credits4  #b4 ,energy efficient home   
improvement credit repealed  7a7 ,in    
general ,subpart ,a of part ,,iv of     
subchapter ,a of chapter #a is amended  
by striking section #be;,c 7and by      
striking the item relating to such      
section in the table of sections for    
such subpart74  7b7 ,conforming         
amendments  7#a7 ,section #ajaf7;a7 is  
amended by striking paragraph 7#cc74    
7#b7 ,section #fbac7;g77#b7 is amended  
by striking subparagraphs 7,r7 and 7,s74
  7c7 ,effective date ,the amendments   
made by this section shall apply to     

property placed in service in taxable   
years beginning after ,december #ca1    
#bjbe4  #c4 ,residential clean energy   
credit repealed  7a7 ,in general        
,subpart ,a of part ,,iv of subchapter  
,a of chapter #a is amended by striking 
section #be;,d 7and by striking the item
 relating to such section in the table  
of sections for such subpart74  7b7     
,conforming amendments  7#a7 ,section   
#bc7;c77#a7 is amended by striking and  
section #be;,d4  7#b7 ,section          
#be7;e77#a77;,c7 is amended by striking 
sections #bc and #be;,d and inserting   
section #bc4  7#c7 ,section #ajaf7;a7 is
 amended by striking paragraph 7#cd74   
7c7 ,effective date ,the amendments made
 by this section shall apply to         
expenditures paid or incurred in taxable
 years beginning after ,december #ca1   
#bjbe4  #d4 ,previously-owned clean     
vehicles credit repealed  7a7 ,in       
general ,subpart ,a of part ,,iv of     
subchapter ,a of chapter #a is amended  
by striking section #be;,e 7and by      

striking the item relating to such      
section in the table of sections for    
such subpart74  7b7 ,conforming         
amendment ,section #fbac7;g77#b7 is     
amended by striking subparagraph 7,u74  
7c7 ,effective date ,the amendments made
 by this section shall apply to vehicles
 acquired after ,december #ca1 #bjbe4   
#e4 ,alternative fuel vehicle refueling 
property credit repealed  7a7 ,in       
general ,subpart ,b of part ,,iv of     
subchapter ,a of chapter #a is amended  
by striking section #cj;,c 7and by      
striking the item relating to such      
section in the table of sections for    
such subpart74  7b7 ,conforming         
amendments  7#a7 ,section #ch7;b7 is    
amended by striking paragraph 7#be74    
7#b7 ,section #ee7;c77#c7 is amended by 
striking sections #cj;,c7d77#b7 and and 
inserting section4  7#c7 ,section       
#ajaf7;a7 is amended by striking        
paragraph 7#cf74  7#d7 ,section #feja7m7
 is amended by striking #cj;,c7e77#d714 
7#e7 ,section #bdd7;b7 of the ,energy   

,independence and ,security ,act of     
#bjjg 7#db ,u4,s4,c4 #agjeb7;b77 is     
amended by striking paragraph 7#f74  7c7
 ,effective date ,the amendments made by
 this section shall apply to property   
placed in service after ,december #ca1  
#bjbe4  #f4 ,clean vehicle credit       
repealed  7a7 ,in general ,subpart ,b of
 part ,,iv of subchapter ,a of chapter  
#a is amended by striking section #cj;,d
 7and by striking the item relating to  
such section in the table of sections   
for such subpart74  7b7 ,conforming     
amendments  7#a7 ,section               
#aff7;b77#e77;,a77ii7 of title #bc1     
,united ,states ,code1 is amended by    
inserting 7as in effect on the day      
before the enactment of the ,energy     
,freedom ,act7 after section            
#cj;,d7d77#a7 of the ,internal ,revenue 
,code of #aihf4  7#b7 ,section          
#cj;,b7d77#c7 is amended by striking    
subparagraph 7,d74  7#c7 ,section       
#ch7;b7 is amended by striking paragraph
 7#cj74  7#d7 ,section #ajaf7;a7 is     

amended by striking paragraph 7#cg74    
7#e7 ,section #fbac7;g77#b7 is amended  
by striking subparagraph 7,t74  7#f7    
,section #feja7m7 is amended by striking
 #cj;,d7f77#f714  7c7 ,effective date   
,the amendments made by this section    
shall apply to vehicles placed in       
service after ,december #ca1 #bjbe4  #g4
 ,second generation biofuel producer    
credit  7a7 ,in general ,section #dj is 
amended-- 7#a7 in subsection 7a7-- 7,a7 
in paragraph 7#b71 by adding plus at the
 end1  7,b7 in paragraph 7#c71 by       
striking plus at the end1 and  7,c7 by  
striking paragraph 7#d71  7#b7 in       
subsection 7b7-- 7,a7 in paragraph      
7#d77;,c71 by striking 7determined      
without regard to any qualified second  
generation biofuel production71 and     
7,b7 by striking paragraph 7#f71  7#c7  
in subsection 7d7-- 7,a7 in paragraph   
7#c7-- 7i7 by striking subparagraph     
7,d71 and  7ii7 in subparagraph 7,e71 by
 striking 7,c71 or 7,d7 and inserting or
 7,c71 and  7,b7 by striking paragraph  

7#f71 and  7#d7 in subsection 7e71 by   
striking paragraph 7#c74  7b7           
,conforming amendments  7#a7 ,section   
#afh7l77#b77;,a7 is amended by inserting
 7as in effect on the day before the    
enactment of the ,energy ,freedom ,act7 
after #dj7;b77#f77;,e74  7#b7 ,section  
#daja7;a77#a7 is amended by inserting   
7as in effect on the day before the     
enactment of the ,energy ,freedom ,act7 
after #dj7;b77#f77;,e74  #h4 ,repeal of 
incentives for biodiesel1 renewable     
diesel1 and alternative fuels  7a7      
,biodiesel and renewable diesel used as 
fuel  7#a7 ,in general ,subpart ,d of   
part ,,iv of subchapter ,a of chapter #a
 is amended by striking section #dj;,a  
7and by striking the item relating to   
such section in the table of sections   
for such subpart74  7#b7 ,conforming    
amendments  7,a7 ,section #ch7;b7 is    
amended by striking paragraph 7#ag74    
7,b7 ,section #hg is amended-- 7i7 in   
paragraph 7#a71 by adding and at the    
end1  7ii7 by striking paragraph 7#b71  

and  7iii7 by redesignating paragraph   
7#c7 as paragraph 7#b74  7,c7 ,section  
#aif7;c7 is amended by striking         
paragraph 7#aa74  7,d7 ,section         
#daja7;a77#a7 is amended by inserting   
7as in effect on the day before the     
enactment of the ,energy ,freedom ,act7 
after section #dj;,a7d77#a74  7,e7      
,section #dajd7;a77#a7 is amended by    
striking #cd1 #dj1 and #dj;,a1 and      
inserting #cd and #dj4  7,f7 ,section   
#ggjd7;d77#a77;,e7 is amended by        
inserting 7as in effect on the day      
before the enactment of the ,energy     
,freedom ,act7 after section            
#dj;,a7d77#a74  7b7 ,credit for alcohol 
fuel1 biodiesel1 and alternative fuel   
mixtures  7#a7 ,in general ,subchapter  
,b of chapter #fe is amended by striking
 section #fdbf 7and by striking the item
 relating to such section in the table  
of sections for such subpart74  7#b7    
,conforming amendments  7,a7 ,section   
#dj7;c7 is amended by striking 1 section
 #fdbf14  7,b7 ,section #daja7;a77#a7 is

 amended by inserting 7as in effect on  
the day before the enactment of the     
,energy ,freedom ,act7 after section    
#fdbf7;b77#d77;,a74  7,c7 ,section      
#dajd7;a77#b7 is amended by striking 1  
#fdbf14  7,d7 ,section                  
#ggjd7;d77#a77;,e7 is amended by        
striking any fuel described in          
subsection 7b71 7c71 7d71 or 7e7 of     
section #fdbf1 or any alcohol fuel      
defined in section #fdbf7;b77#d77;,a7   
and inserting any fuel described in     
subsection 7b71 7c71 7d71 or 7e7 of     
section #fdbf 7as in effect on the day  
before the enactment of the ,energy     
,freedom ,act71 or any alcohol fuel     
defined in section #fdbf7;b77#d77;,a7   
7as in effect on the day before the     
enactment of the ,energy ,freedom ,act74
  7,e7 ,section #iejc7;b77#a7 is amended
 by striking taxes received under       
sections #djda and #djha shall be       
determined without reduction for credits
 under section #fdbf and4  7c7          
,biodiesel1 alternative fuel1 or        

sustainable aviation fuel  7#a7 ,in     
general ,section #fdbg is amended-- 7,a7
 by striking subsection 7e71 and  7,b7  
in subsection 7i71 by striking paragraph
 7#c74  7#b7 ,conforming amendments     
7,a7 ,section #dj7;c71 as amended by    
subsection 7b71 is amended by striking  
or section #fdbg7;e74  7,b7 ,section    
#dajd7;a77#b71 as amended by subsection 
7b71 is amended by striking or          
#fdbg7;e74  #i4 ,sustainable aviation   
fuel credit repealed  7a7 ,in general   
,subpart ,d of part ,,iv of subchapter  
,a of chapter #a is amended by striking 
section #dj;,b 7and by striking the item
 relating to such section in the table  
of sections for such subpart74  7b7     
,conforming amendment ,section #ch7;b7  
is amended by striking paragraph 7#ce74 
7c7 ,conforming amendments  7#a7        
,section #hg1 as amended by section #h  
of this ,act1 is amended to read as     
follows3  #hg4 ,alcohol credit ,gross   
income includes the amount of the       
alcohol fuel credit determined with     

respect to the taxpayer for the taxable 
year under section #dj7;a74  4  7#b7    
,section #daja7;a77#a7 is amended by    
inserting 7as in effect on the day      
before the enactment of the ,energy     
,freedom ,act7 after section #dj;,b4    
7d7 ,effective date ,the amendments made
 by this section shall apply to fuel    
sold or used after ,december #ca1 #bjbe4
  #aj4 ,electricity produced from       
certain renewable resources credit      
repealed  7a7 ,in general ,subpart ,d of
 part ,,iv of subchapter ,a of chapter  
#a is amended by striking section #de   
7and by striking the item relating to   
such section in the table of sections   
for such subpart74  7b7 ,conforming     
amendments  7#a7 ,section #ch is        
amended-- 7,a7 in subsection 7b71 by    
striking paragraph 7#h71 and  7,b7 in   
subsection 7c77#d77;,b71 by striking    
clauses 7iv7 and 7v74  7#b7 ,section    
#de;,j is amended-- 7,a7 in subsection  
7c77#b77;,a77i71 by inserting 7as in    
effect on the day before the date of    

enactment of the ,energy ,freedom ,act7 
after #de7;e77#b77;,c71  7,b7 in        
subsection 7c77#b77;,b71 by inserting   
7as in effect on the day before the date
 of enactment of the ,energy ,freedom   
,act7 after #de7;e77#b77;,b71 and  7,c7 
in subsection 7f71 by inserting 7as in  
effect on the day before the date of    
enactment of the ,energy ,freedom ,act7 
after section #de7;e74  7#c7 ,section   
#de,k7g77#b7 is amended by striking     
subparagraph 7,e74  7#d7 ,section       
#ee7;c77#a7 is amended by striking      
#de7;e77#aa77;,c71 4  7#e7 ,section     
#ei;,a7b77#d7 is amended-- 7,a7 in      
subparagraph 7,a71 by adding and at the 
end1  7,b7 by striking subparagraph     
7,b71 and  7,c7 by redesignating        
subparagraph 7,c7 as subparagraph 7,b74 
7c7 ,effective date ,the amendments made
 by this section shall apply to         
electricity produced in taxable years   
beginning after ,december #ca1 #bjbe4   
#aa4 ,new energy efficient home credit  
repealed  7a7 ,in general ,subpart ,d of

 part ,,iv of subchapter ,a of chapter  
#a is amended by striking section #de,l 
7and by striking the item relating to   
such section in the table of sections   
for such subpart74  7b7 ,conforming     
amendments  7#a7 ,section #ch7;b7 is    
amended by striking paragraph 7#bc74    
7#b7 ,section #aif7;c7 is amended by    
striking paragraph 7#ac74  7#c7 ,section
 #ajaf7;a7 is amended by striking       
paragraph 7#cb74  7c7 ,effective date   
,the amendments made by this section    
shall apply to homes acquired after     
,december #ca1 #bjbe4  #ab4 ,carbon     
oxide sequestration credit repealed  7a7
 ,in general ,subpart ,d of part ,,iv of
 subchapter ,a of chapter #a is amended 
by striking section #de,q 7and by       
striking the item relating to such      
section in the table of sections for    
such subpart74  7b7 ,conforming         
amendments  7#a7 ,section #ch7;b7 is    
amended by striking paragraph 7#bi74    
7#b7 ,section #adb7o77#a77;,b7 is       
amended by inserting 7as in effect on   

the day before the enactment of the     
,energy ,freedom ,act7 after section    
#de,q7e77#c74  7#c7 ,section            
#ifi;,d7e77#d77;,b77ii77,,ii77cc7 of the
 ,energy ,policy ,act of #bjje 7#db     
,u4,s4,c4                               
#afbih;d7e77#d77;,b77ii77,,ii77cc77 is  
amended by inserting 7as in effect on   
the day before the date of enactment of 
the ,energy ,freedom ,act7 after section
 #de,q7f77#e74  7c7 ,effective date ,the
 amendments made by this section shall  
apply to facilities or equipment placed 
in service after ,december #ca1 #bjbe4  
#ac4 ,zero-emission nuclear power       
production credit repealed  7a7 ,in     
general ,subpart ,d of part ,,iv of     
subchapter ,a of chapter #a is amended  
by striking section #de,u 7and by       
striking the item relating to such      
section in the table of sections for    
such subpart74  7b7 ,conforming         
amendments ,section #ch7;b7 is amended  
by striking paragraph 7#cd74  7c7       
,effective date ,the amendments made by 

this section shall apply to electricity 
produced and sold after ,december #ca1  
#bjbe1 in taxable years beginning after 
such date4  #ad4 ,clean hydrogen        
production credit repealed  7a7 ,credit 
for production of clean hydrogen        
repealed  7#a7 ,in general ,subpart ,d  
of part ,,iv of subchapter ,a of chapter
 #a is amended by striking section #de,v
 7and by striking the item relating to  
such section in the table of sections   
for such subpart74  7#b7 ,conforming    
amendment ,section #ch7;b7 is amended by
 striking paragraph 7#cf74  7#c7        
,effective date ,the amendments made by 
this section shall apply to hydrogen    
produced after ,december #ca1 #bjbe4    
#ae4 ,qualified commercial clean        
vehicles credit repealed  7a7 ,in       
general ,subpart ,d of part ,,iv of     
subchapter ,a of chapter #a is amended  
by striking section #de,w 7and by       
striking the item relating to such      
section in the table of sections for    
such subpart74  7b7 ,conforming         

amendments  7#a7 ,section #ch7;b7 is    
amended by striking paragraph 7#cg74    
7#b7 ,section #fbac7;g77#b7 is amended  
by striking subparagraph 7,v74  7c7     
,effective date ,the amendments made by 
this section shall apply to vehicles    
acquired after ,december #ca1 #bjbe4    
#af4 ,advanced manufacturing production 
credit repealed  7a7 ,in general        
,subpart ,d of part ,,iv of subchapter  
,a of chapter #a is amended by striking 
section #de,x 7and by striking the item 
relating to such section in the table of
 sections for such subpart74  7b7       
,conforming amendment ,section #ch7;b7  
is amended by striking paragraph 7#ch74 
7c7 ,effective date ,the amendments made
 by this section shall apply to         
components produced and sold after      
,december #ca1 #bjbe4  #ag4 ,clean      
electricity production credit repealed  
7a7 ,in general ,subpart ,d of part ,,iv
 of subchapter ,a of chapter #a is      
amended by striking section #de,y 7and  
by striking the item relating to such   

section in the table of sections for    
such subpart74  7b7 ,conforming         
amendments  7#a7 ,section #ch7;b71 as   
amended by ,public ,law #aag-afi1 is    
amended by striking paragraph 7#ci74    
7#b7 ,section #afh7;e77#c77;,b77viii71  
as added by ,public ,law #aag-afi1 is   
amended by striking any qualified       
facility 7as defined in section         
#de,y7b77#a77;,a7714  7c7 ,effective    
date ,the amendments made by this       
section shall apply to facilities placed
 in service after ,december #ca1 #bjbe4 
#ah4 ,clean fuel production credit      
repealed  7a7 ,in general ,subpart ,d of
 part ,,iv of subchapter ,a of chapter  
#a is amended by striking section #de,z 
7and by striking the item relating to   
such section in the table of sections   
for such subpart74  7b7 ,conforming     
amendments  7#a7 ,section #ch7;b71 as   
amended by ,public ,law #aag-afi1 is    
amended by striking paragraph 7#dj74    
7#b7 ,section #daja7;a77#a71 as amended 
by ,public ,law #aag-afi1 is amended by 

striking every person producing a fuel  
eligible for the clean fuel production  
credit 7pursuant to section #de,z714    
7c7 ,effective date ,the amendments made
 by this section shall apply to         
transportation fuel produced after      
,december #ca1 #bjbe4  #ai4 ,energy     
credit repealed  7a7 ,in general        
,subpart ,e of part ,,iv of subchapter  
,a of chapter #a is amended by striking 
section #dh 7and by striking the item   
relating to such section in the table of
 sections for such subpart74  7b7       
,conforming amendments  7#a7 ,section   
#ch7;c77#d77;,b7 is amended by striking 
clause 7x74  7#b7 ,section              
#de,k7b77#c77;,a77i77,,iii7 is amended  
by inserting 7as in effect on the day   
before the date of enactment of the     
,energy ,freedom ,act7 after section    
#dh7;a77#d77;,c74  7#c7 ,section #df is 
amended by striking paragraph 7#b74     
7#d7 ,section #dh;,a7b77#b7 is amended  
by inserting as in effect on the day    
before the enactment of the ,energy     

,freedom ,act and before without regard4
  7#e7 ,section #dh;,b7b77#b7 is amended
 by inserting as in effect on the day   
before the enactment of the ,energy     
,freedom ,act and before without regard4
  7#f7 ,section #ej is amended-- 7,a7 in
 subsection 7a77#b77;,e71 by striking   
#dh7;b71 and  7,b7 in subsection        
7d77#b71 by striking ,at the election   
and all that follows through the period4
  7#g7 ,section #ei;,a7b77#d7 is        
amended-- 7,a7 in subparagraph 7,a71 by 
adding and at the end1  7,b7 in         
subparagraph 7,b71 by striking 1 and and
 inserting a period at the end1 and     
7,c7 by striking subparagraph 7,c74     
7#h7 ,section #afh7;e77#c77;,b77vi77,i7 
is amended by inserting 7as in effect on
 the day before the enactment of the    
,energy ,freedom ,act7 after section    
#dh7;a77#c74  7#i7 ,section #ggja7;e7 is
 amended-- 7,a7 in paragraph 7#c7-- 7i7 
in subparagraph 7,a77i7-- 7,i7 in       
subclause 7,,ii71 by adding or at the   
end1  7,,ii7 in subclause 7,,iii71 by   

striking or and inserting and1 and      
7,,iii7 by striking subclause 7,,iv71   
and  7ii7 by striking subparagraph 7,f71
 and  7,b7 by striking water treatment  
works facility1 or storage facility and 
inserting or water treatment works      
facility4  7c7 ,effective date ,the     
amendments made by this section shall   
apply to property placed in service in  
taxable years beginning after ,december 
#ca1 #bjbe4  #bj4 ,qualifying advanced  
energy project credit repealed  7a7 ,in 
general ,subpart ,e of part ,,iv of     
subchapter ,a of chapter #a is amended  
by striking section #dh;,c 7and by      
striking the item relating to such      
section in the table of sections for    
such subpart74  7b7 ,conforming         
amendments  7#a7 ,section #df is amended
 by striking paragraph 7#e74  7#b7      
,section #di7;a77#a77;,c7 is amended by 
striking clause 7v74  7#c7 ,section     
#ej7;a77#b77;,e7 is amended by striking 
#dh;,c7b77#b714  7c7 ,effective date    
,the amendments made by this section    

shall take effect on ,january #a1 #bjbf4
  #ba4 ,clean electricity investment    
credit repealed  7a7 ,in general        
,subpart ,e of part ,,iv of subchapter  
,a of chapter #a is amended by striking 
section #dh;,e 7and by striking the item
 relating to such section in the table  
of sections for such subpart74  7b7     
,conforming amendments  7#a7 ,section   
#df1 as amended by ,public ,law #aag-afi
 and section #bj of this ,act1 is       
amended-- 7,a7 in paragraph 7#d71 by    
adding and at the end1  7,b7 in         
paragraph 7#f71 by striking 1 and and   
inserting a period1 and  7,c7 by        
striking paragraph 7#g74  7#b7 ,section 
#di7;a77#a77;,c71 as amended by ,public 
,law #aag-afi1 is amended-- 7,a7 by     
adding and at the end of clause 7iv71   
7,b7 by striking the comma at the end of
 clause 7vi7 and inserting a period1 and
  7,c7 by striking clauses 7vii7 and    
7viii74  7#c7 ,section #ej7;a77#b77;,e71
 as amended by ,public ,law #aag-afi1 is
 amended by striking #dh;,d7b77#e71 or  

#dh;,e7e7 and inserting or              
#dh;,d7b77#e74  7#d7 ,section           
#ej7;c77#c71 as amended by ,public ,law 
#aag-afi1 is amended by striking or     
clean electricity investment credit4    
7#e7 ,section #afh7;e77#c77;,b71 as     
amended by ,public ,law #aag-afi and    
section #ag of this ,act1 is amended by 
striking clause 7viii74  7c7 ,effective 
date ,the amendments made by this       
section shall apply to facilities and   
property placed in service after        
,december #ca1 #bjbe4  #bb4 ,energy     
efficient commercial buildings deduction
 repealed  7a7 ,in general ,part ,,vi of
 subchapter ,b of chapter #a is amended 
by striking section #agi;,d 7and by     
striking the item relating to such      
section in the table of sections for    
such part74  7b7 ,conforming amendments 
7#a7 ,section #bfc7;a77#a7 is amended by
 striking subparagraph 7,j74  7#b7      
,section #cab7k77#c77;,b7 is amended to 
read as follows3  7,b7 ,treatment of    
amounts deductible under section #agi1  

#agi;,b1 #agi;,c1 or #agi;,e ,for       
purposes of computing the earnings and  
profits of a corporation1 any amount    
deductible under section #agi1 #agi;,b1 
#agi;,c1 or #agi;,e shall be allowed as 
a deduction ratably over the period of  
#e taxable years 7beginning with the    
taxable year for which such amount is   
deductible under section #agi1 #agi;,b1 
#agi;,c1 or #agi;,e1 as the case may    
be74  4  7#c7 ,section #ajaf7;a7 is     
amended by striking paragraph 7#ca74    
7#d7 ,section #abde7;a7 is amended--    
7,a7 in paragraph 7#b77;,c71 by striking
 #agi;,d11 and  7,b7 in paragraph       
7#c77;,c71 by striking #agi;,d14  7c7   
,effective date ,the amendments made by 
this section shall apply to property    
placed in service after ,december #ca1  
#bjbe4  #bc4 ,repeal on tax on petroleum
  7a7 ,in general ,chapter #ch is       
amended by striking subchapter ,a 7and  
by striking the item relating to such   
subchapter in the table of subchapters  
for such chapter74  7b7 ,conforming     

amendments  7#a7 ,section #dfga7;c7 is  
amended to read as follows3  7c7        
,exemptions for substances taxed under  
section #dffa ,no tax shall be imposed  
by this section on the sale or use of   
any substance if tax is imposed on such 
sale or use under section #dffa4  4     
7#b7 ,section #iejg7;b7 is amended--    
7,a7 in paragraph 7#a71 by striking     
#dfaa1 #dffa1 and inserting #dffa1 and  
7,b7 by striking the flush matter at the
 end4  7#c7 ,section #ieji7;b7 is       
amended by striking paragraph 7#a74     
7#d7 ,section #aih7;d77#a77;,c7 is      
amended by inserting 7as in effect on   
the day before the enactment of the     
,energy ,freedom ,act7 after section    
#dfab7;a77#c74  7#e7 ,section           
#dacb7;a77#c7 is amended by inserting   
7as in effect on the day before the     
enactment of the ,energy ,freedom ,act7 
after section #dfab7;a77#d74  7#f7      
,section #dffb7;a77#b7 is amended by    
inserting 7as in effect on the day      
before the enactment of the ,energy     

,freedom ,act7 after section            
#dfab7;a77#d74  7#g7 ,section           
#dfhb7;e77#b7 is amended by inserting   
7as in effect on the day before the     
enactment of the ,energy ,freedom ,act7 
after section #dfab7;a77#d74  7#h7      
,section #ejjj;,d7e77#b7 is amended by  
inserting 7as in effect on the day      
before the enactment of the ,energy     
,freedom ,act7 after section            
#dfab7;a77#d74  7c7 ,effective date ,the
 amendments made by this section shall  
take effect on ,january #a1 #bjbf4  #bd4
 ,repeal of sections relating to        
elective payment for energy property and
 electricity produced from certain      
renewable resources2 transfer of credits
  7a7 ,in general ,subchapter ,b of     
chapter #fe is amended by striking      
sections #fdag and #fdah 7and by        
striking the items relating to such     
sections in the table of sections for   
such subchapter74  7b7 ,conforming      
amendments  7#a7 ,section #ci7;a7 is    
amended by striking paragraph 7#d74     

7#b7 ,section #ej7;d7 is amended by     
striking ,in the case of a real estate  
investment trust making an election     
under section #fdah1 paragraphs         
7#a77;,b7 and 7#b77;,b7 of the section  
#df7;e7 referred to in paragraph 7#a7 of
 this subsection shall not apply to any 
investment credit property of such real 
estate investment trust to which such   
election applies4  7#c7 ,section        
#ef;,a7c77#i7 is amended by striking or 
#fdag4  7#d7 ,section #achja of ,public 
,law #aag-afi is amended by striking    
subsection 7f74  7c7 ,effective date    
,the amendments made by this section    
shall apply to taxable years beginning  
after ,december #ca1 #bjbe4