Sec. 7. Swine waste disposal credits

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Subpart D of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by adding at the end the following new sections: For purposes of section 38, the swine waste disposal technology installation credit determined under this section with respect to a taxpayer for any taxable year is an amount equal to the sum of— 4 percent of the qualified installation costs paid or incurred by the taxpayer during the taxable year, and 4 percent of such costs paid or incurred by the taxpayer during any of the prior four taxable years.

For purposes of this section, the term qualified installation cost means, with respect to a taxpayer, amounts which are paid or incurred in the ordinary course of the taxpayer’s trade or business to install certified swine waste disposal technology. The term certified swine waste disposal technology means environmentally sustainable technology certified under section 3(c) of the Swine Waste Infrastructure and Natural Environment Act . For purposes of section 38, the swine waste disposal credit determined under this section with respect to a taxpayer for any taxable year is an amount equal to $100 for each 1,000 pounds of steady state live weight of swine waste disposed of in the ordinary course of the taxpayer’s trade or business using certified swine waste disposal technology (as such term is defined in section 45S) by the taxpayer during the taxable year.

The aggregate credit determined under subsection

(a)for any taxable year with respect to any taxpayer shall not exceed the qualified costs of the taxpayer for such taxable year. For purposes of this section, the term qualified costs means costs paid or incurred by a taxpayer to maintain or operate certified swine waste disposal technology. . Subsection

(b)of section 38 of such Code is amended by striking plus at the end of paragraph (35), by striking the period at the end of paragraph

(36)and inserting a comma, and by adding at the end the following new paragraphs: the swine waste disposal technology installation credit determined under section 45S(a), plus the swine waste disposal credit determined under section 45T(a). . Subsection

(c)of section 196 of such Code is amended by striking and at the end of paragraph (13), by striking the period at the end of paragraph

(14)and inserting a comma, and by adding at the end the following new paragraphs: the swine waste disposal technology installation credit determined under section 45S(a), and the swine waste disposal credit determined under section 45T(a). . Subparagraph

(B)of section 38(c)(4) of such Code is amended by striking and at the end of clause (viii), by striking the period at the end of clause

(ix)and inserting a comma, and by adding at the end the following new clauses: the credit determined under section 45S, and the credit determined under section 45T. . The table of sections for subpart D of part IV of subchapter A of chapter 1 of the such Code is amended by adding at the end the following new items: Sec. 45S. Swine waste disposal technology installation credit. Sec. 45T. Swine waste disposal credit. . The amendments made by this section shall apply to amounts paid or incurred and swine waste disposed of after December 31, 2017.