Sec. 321. Extension and modification of credits with respect to facilities producing energy from certain renewable resources
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/bill/115/hr/3314/ih/section-321·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 45(d) of the Internal Revenue Code of 1986 is amended— in paragraph (4), by striking and which and all that follows through the period and inserting the following: and, in the case of a facility using solar energy, which is placed in service before January 1, 2006. , in paragraph (6), by striking and the construction of which begins before January 1, 2017 , in paragraph (7), by striking and the construction of which begins before January 1, 2017 , in paragraph (9)(A)— in clause (i), by striking and before January 1, 2017 , and in clause (ii), by striking and the construction of which begins before January 1, 2017 , and in paragraph (11)(B), by striking and the construction of which begins before January 1, 2017 .
Section 45(d)(1) of the Internal Revenue Code of 1986 is amended by striking January 1, 2020 and inserting January 1, 2034 . Paragraph
(5)of section 45(b) of such Code is amended— by striking and at the end of subparagraph (B), by striking January 1, 2020, 60 percent. in subparagraph
(C)and inserting January 1, 2031, 60 percent, and , and by adding at the end the following new subparagraph: in the case of any facility the construction of which begins after December 31, 2030, and before January 1, 2034, 80 percent. . Section 48(a)(5)(C) of the Internal Revenue Code of 1986 is amended— by striking and the construction of which begins before January 1, 2017 (January 1, 2020, in the case of any facility which is described in paragraph
(1)of section 45(d)) in clause (ii), and by adding at the end the following new flush sentence: Such term shall not include any facility described in section 45(d)(1) the construction of which begins after December 31, 2033. . Clause
(i)of section 48(a)(5)(C) of such Code is amended by striking (2), (3), . Subparagraph
(E)of section 48(a)(5) of such Code is amended— by striking and at the end of clause (ii), by striking January 1, 2020, 60 percent. in clause
(iii)and inserting January 1, 2031, 60 percent, and , and by adding at the end the following new clause: in the case of any facility the construction of which begins after December 31, 2030, and before January 1, 2034, 80 percent. . The amendments made by this section shall take effect on January 1, 2017.