Sec. 201. Phaseout of credit for electricity produced from certain renewable resources
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/bill/113/hr/2081/ih/section-201·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Paragraph
(1)of section 45(d) of the Internal Revenue Code of 1986 is amended by striking January 1, 2014 in paragraph
(1)and inserting January 1, 2019 . Subsection
(e)of section 45 of such Code is amended by adding at the end the following new paragraph: In the case of facilities to which subsection (d)(1) applies and the construction of which begins after December 31, 2013, the number of cents taken into account under subsection
(a)for taxable years ending after such date shall be only the applicable percentage of such number (determined without regard to this paragraph) for such year. If any amount determined under the preceding sentence is not a multiple of 0.01 cent, such amount shall be rounded to the nearest multiple of 0.01 cent. For purposes of subparagraph (A)— In the case of facilities the construction of which begins in: The applicable percentage is: 2014 90 2015 80 2016 70 2017 or 2018 60 . The amendments made by this section shall apply to property originally placed in service on or after January 1, 2013.