Sec. 3224. Repeal of energy credit

145 words·~1 min read·/bill/113/hr/1/ih/section-3224

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Section 48 is amended by adding at the end the following new subsection: This section shall not apply to any energy property placed in service after December 31, 2016. . Paragraph (2)(A)(i)(II), and clauses

(ii)and

(vii)of paragraph (3)(A), of section 48(a) are each amended by striking but only with respect to periods ending before January 1, 2017 . Paragraph

(1)of section 48(c) is amended by striking subparagraph (D). Paragraph

(2)of section 48(c) is amended by striking subparagraph (D). Subparagraph

(A)of section 48(c)(3) is amended by inserting and at the end of clause (ii), by striking , and at the end of clause

(iii)and inserting a period, and by striking clause (iv). Paragraph

(4)of section 48(c) is amended by striking subparagraph (C). The amendments made by this section shall apply to property placed in service after December 31, 2016.