,,ii  #aaith ,,congress  #b;d ,session  
,s4 #dage  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,march #bd1    
#bjbf,mr4 ,wyden 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 extend the   
clean electricity production credit and 
the clean electricity investment credit 
based on increases in the price of1 and 
demand for1 electricity1 and for other  
purposes4  #a4 ,extension of clean      
energy production1 investment1 and      
residential credits based on price and  
demand increases  7a7 ,production credit
 ,section #de,y7d7 of the ,internal     
,revenue ,code of #aihf is amended--    
7#a7 in paragraph 7#a71 by striking     
,subject to paragraph 7#d71 the amount  
and inserting ,the amount1  7#b7 by     
striking paragraph 7#c7 and inserting   
the following new paragraph3  7#c7      
,applicable year  7,a7 ,in general ,for 
purposes of this subsection1 the term   

applicable year means the later of-- 7i7
 the calendar year that is #f years     
subsequent to any price or demand       
increase year 7as determined under      
subparagraph 7,b771 or  7ii7 #bjcb4     
7,b7 ,price or demand increase year  7i7
 ,in general ,for purposes of this      
paragraph1 the term price or demand     
increase year means a calendar year in  
which1 as reported in the ,electric     
,power ,annual 7or any similar report7  
published by the ,energy ,information   
,administration-- 7,i7 the national     
average price of electricity provided by
 the total electric industry to ultimate
 customers in all sectors is more than  
#b percent higher than in the most      
recent previous calendar year for which 
such data is available1 or  7,,ii7 the  
total annual sales of electricity       
provided by the total electric industry 
to ultimate customers in all sectors    
7measured in megawatt-hours7 is greater 
than in the most recent previous year   
for which such data is available4  7ii7 

,determination ,for purposes of         
determining whether any year qualifies  
as a price or demand increase year1 the 
,secretary shall make such              
determination-- 7,i7 with respect to    
calendar year #bjbe1 before ,january #a1
 #bjbg1 and  7,,ii7 with respect to any 
subsequent calendar year1 before        
,january #a of the first calendar year  
beginning after the date on which the   
,electric ,power ,annual 7or any similar
 report7 is published with respect to   
such year4  7iii7 ,application after    
initial phase-out of credit ,in the case
 of a determination by the ,secretary   
that a year qualifies as a price or     
demand increase year1 if such           
determination is made during a year in  
which the phase-out percentage is       
applicable under paragraph 7#b7-- 7,i7  
the applicable year shall be deemed to  
be the calendar year that is #f years   
subsequent to such price or demand      
increase year1 and  7,,ii7 during the   
#f-year period subsequent to such price 

or demand increase year1 the phase-out  
percentage shall be deemed to be #ajj   
percent4  1 and  7#c7 by striking       
paragraph 7#d74  7b7 ,investment credit 
,section #dh;,e7e7 of the ,internal     
,revenue ,code of #aihf is amended--    
7#a7 in paragraph 7#a71 by striking     
,subject to paragraph 7#d71 the amount  
and inserting ,the amount1 and  7#b7 by 
striking paragraph 7#d74  7c7 ,energy   
efficient home improvement credit       
,section #be;,c7i7 of the ,internal     
,revenue ,code of #aihf is amended--    
7#a7 by striking ,this section and      
inserting the following3  7#a7 ,in      
general ,subject to paragraph 7#b71 this
 section  1 and  7#b7 by adding at the  
end the following new paragraph3  7#b7  
,renewed application of credit following
 price or demand increase years ,in the 
case of any calendar year that1 pursuant
 to section #de,y7d77#c71 is determined 
by the ,secretary to qualify as a price 
or demand increase year 7as defined     
under such section71 paragraph 7#a7     

shall not apply with respect to property
 placed in service during the period of 
the first #b calendar years beginning   
after the date that such determination  
was made by the ,secretary4  4  7d7     
,residential clean energy credit        
,section #be;,d7h7 of the ,internal     
,revenue ,code of #aihf is amended--    
7#a7 by striking ,the credit and        
inserting the following3  7#a7 ,in      
general ,subject to paragraph 7#b71 the 
credit  1 and  7#b7 by adding at the end
 the following new paragraph3  7#b7     
,renewed application of credit following
 price or demand increase years ,in the 
case of any calendar year that1 pursuant
 to section #de,y7d77#c71 is determined 
by the ,secretary to qualify as a price 
or demand increase year 7as defined     
under such section71 paragraph 7#a7     
shall not apply with respect to         
expenditures made during the period of  
the first #b calendar years beginning   
after the date that such determination  
was made by the ,secretary4  4  #b4     

,eliminating denial of credit for wind  
and solar leasing arrangements  7a7     
,production credit ,section #de,y of the
 ,internal ,revenue ,code of #aihf is   
amended by striking subsection 7h74  7b7
 ,investment credit ,section #dh;,e of  
the ,internal ,revenue ,code of #aihf is
 amended by striking subsection 7i74    
7c7 ,effective date ,the amendments made
 by this section shall apply to taxable 
years beginning after the date of       
enactment of this ,act4