,,ii  #aai? ,,congress  #b;d ,session   
,s4 #dage  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,m>* #bd1 #bjbf,mr4    
,wyd5 introduc$ ! foll[+ bill2 :i* 0    
read twice & ref]r$ to ! ,committee on  
,f9ance  ,a ,,bill  ,to am5d ! ,int]nal 
,rev5ue ,code ( #aihf to ext5d ! clean  
electricity production cr$it & ! clean  
electricity inve/m5t cr$it bas$ on      
increases 9 ! price (1 & dem& =1        
electricity1 & = o!r purposes4  #a4     
,ext5sion ( clean en]gy production1     
inve/m5t1 & resid5tial cr$its bas$ on   
price & dem& increases  7a7 ,production 
cr$it ,section #de,y7d7 ( ! ,int]nal    
,rev5ue ,code ( #aihf is am5d$-- 7#a7 9 
p>agraph 7#a71 by /rik+ ,subject to     
p>agraph 7#d71 ! am\nt & ins]t+ ,!      
am\nt1  7#b7 by /rik+ p>agraph 7#c7 &   
ins]t+ ! foll[+ new p>agraph3  7#c7     
,applicable ye>  7,a7 ,9 g5]al ,=       
purposes ( ?is subsection1 ! t]m        
applicable ye> means ! lat] (-- 7i7 !   
cal5d> ye> t is #f ye>s subsequ5t to any
 price or dem& increase ye> 7z det]m9$  

"u subp>agraph 7,b771 or  7ii7 #bjcb4   
7,b7 ,price or dem& increase ye>  7i7 ,9
 g5]al ,= purposes ( ?is p>agraph1 ! t]m
 price or dem& increase ye> means a     
cal5d> ye> 9 :i*1 z report$ 9 !         
,electric ,p[] ,annual 7or any simil>   
report7 publi%$ by ! ,en]gy ,in=mation  
,adm9i/ration-- 7,i7 ! national av]age  
price ( electricity provid$ by ! total  
electric indu/ry to ultimate cu/om]s 9  
all sectors is m ?an #b p]c5t high] ?an 
9 ! mo/ rec5t previ\s cal5d> ye> = :i*  
su* data is available1 or  7,,ii7 !     
total annual sales ( electricity provid$
 by ! total electric indu/ry to ultimate
 cu/om]s 9 all sectors 7measur$ 9       
megawatt-h\rs7 is great] ?an 9 ! mo/    
rec5t previ\s ye> = :i* su* data is     
available4  7ii7 ,det]m9ation ,=        
purposes ( det]m9+ :e!r any ye>         
qualifies z a price or dem& increase    
ye>1 ! ,secret>y %all make su*          
det]m9ation-- 7,i7 ) respect to cal5d>  
ye> #bjbe1 be=e ,janu>y #a1 #bjbg1 &    
7,,ii7 ) respect to any subsequ5t cal5d>

 ye>1 be=e ,janu>y #a ( ! fir/ cal5d>   
ye> beg9n+ aft] ! date on :i* !         
,electric ,p[] ,annual 7or any simil>   
report7 is publi%$ ) respect to su* ye>4
  7iii7 ,application aft] initial       
phase-out ( cr$it ,9 ! case ( a         
det]m9ation by ! ,secret>y t a ye>      
qualifies z a price or dem& increase    
ye>1 if su* det]m9ation is made dur+ a  
ye> 9 :i* ! phase-out p]c5tage is       
applicable "u p>agraph 7#b7-- 7,i7 !    
applicable ye> %all be deem$ to be !    
cal5d> ye> t is #f ye>s subsequ5t to su*
 price or dem& increase ye>1 &  7,,ii7  
dur+ ! #f-ye> p]iod subsequ5t to su*    
price or dem& increase ye>1 ! phase-out 
p]c5tage %all be deem$ to be #ajj p]c5t4
  1 &  7#c7 by /rik+ p>agraph 7#d74  7b7
 ,inve/m5t cr$it ,section #dh;,e7e7 ( ! 
,int]nal ,rev5ue ,code ( #aihf is       
am5d$-- 7#a7 9 p>agraph 7#a71 by /rik+  
,subject to p>agraph 7#d71 ! am\nt &    
ins]t+ ,! am\nt1 &  7#b7 by /rik+       
p>agraph 7#d74  7c7 ,en]gy effici5t home
 improvem5t cr$it ,section #be;,c7i7 ( !

 ,int]nal ,rev5ue ,code ( #aihf is      
am5d$-- 7#a7 by /rik+ ,?is section &    
ins]t+ ! foll[+3  7#a7 ,9 g5]al ,subject
 to p>agraph 7#b71 ?is section  1 &     
7#b7 by add+ at ! end ! foll[+ new      
p>agraph3  7#b7 ,r5ew$ application (    
cr$it foll[+ price or dem& increase ye>s
 ,9 ! case ( any cal5d> ye> t1 pursuant 
to section #de,y7d77#c71 is det]m9$ by !
 ,secret>y to qualify z a price or dem& 
increase ye> 7z def9$ "u su* section71  
p>agraph 7#a7 %all n apply ) respect to 
prop]ty plac$ 9 s]vice dur+ ! p]iod ( ! 
fir/ #b cal5d> ye>s beg9n+ aft] ! date t
 su* det]m9ation 0 made by ! ,secret>y4 
4  7d7 ,resid5tial clean en]gy cr$it    
,section #be;,d7h7 ( ! ,int]nal ,rev5ue 
,code ( #aihf is am5d$-- 7#a7 by /rik+  
,! cr$it & ins]t+ ! foll[+3  7#a7 ,9    
g5]al ,subject to p>agraph 7#b71 ! cr$it
  1 &  7#b7 by add+ at ! end ! foll[+   
new p>agraph3  7#b7 ,r5ew$ application (
 cr$it foll[+ price or dem& increase    
ye>s ,9 ! case ( any cal5d> ye> t1      
pursuant to section #de,y7d77#c71 is    

det]m9$ by ! ,secret>y to qualify z a   
price or dem& increase ye> 7z def9$ "u  
su* section71 p>agraph 7#a7 %all n apply
 ) respect to exp5ditures made dur+ !   
p]iod ( ! fir/ #b cal5d> ye>s beg9n+    
aft] ! date t su* det]m9ation 0 made by 
! ,secret>y4  4  #b4 ,elim9at+ d5ial (  
cr$it = w9d & sol> leas+ arrangem5ts    
7a7 ,production cr$it ,section #de,y ( !
 ,int]nal ,rev5ue ,code ( #aihf is am5d$
 by /rik+ subsection 7h74  7b7 ,inve/m5t
 cr$it ,section #dh;,e ( ! ,int]nal     
,rev5ue ,code ( #aihf is am5d$ by /rik+ 
subsection 7i74  7c7 ,effective date ,! 
am5dm5ts made by ?is section %all apply 
to taxable ye>s beg9n+ aft] ! date (    
enactm5t ( ?is ,act4