Sec. 3. Termination of credit for electricity produced from wind
147 words·~1 min read·
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Paragraph
(1)of section 45(d) of the Internal Revenue Code of 1986 is amended by striking 2020 and inserting 2017 . Subsection
(b)of section 45 of the Internal Revenue Code of 1986 is amended by striking paragraph (5). Clause
(ii)of section 48(a)(5)(C) of such Code is amended by striking (January 1, 2020, in the case of any facility which is described in paragraph
(1)of section 45(d)) . Paragraph
(5)of section 48(a) of such Code is amended by striking subparagraph (E). Except as provided in paragraph (2), the amendments made by this section shall apply to electricity produced and sold in taxable years beginning after the date of the enactment of this Act. The amendments made by paragraphs
(2)and
(3)of subsection
(b)shall apply to property placed in service in taxable years beginning after the date of the enactment of this Act.