Sec. 90001. Short title; etc

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This division may be cited as the . Renewable Energy, Efficiency, and Infrastructure Tax Act of 2020 The table of contents of this division is as follows: Division M—Revenue Provisions Sec. 90001. Short title; etc. Title I—Infrastructure financing Subtitle A—Bond financing enhancements Sec. 90101. Credit to issuer for certain infrastructure bonds. Sec. 90102. Advance refunding bonds. Sec. 90103. Permanent modification of small issuer exception to tax-exempt interest expense allocation rules for financial institutions.

Sec. 90104. Volume cap on private activity bonds. Sec. 90105. Modifications to qualified small issue bonds. Sec. 90106. Expansion of certain exceptions to the private activity bond rules for first-time farmers. Sec. 90107. Exempt facility bonds for zero-emission vehicle infrastructure. Sec. 90108. Certain water and sewage facility bonds exempt from volume cap on private activity bonds. Sec. 90109. Qualified highway or surface freight transfer facility bonds. Sec. 90110. Application of Davis-Bacon Act requirements with respect to certain exempt facility bonds.

Subtitle B—School infrastructure bonds Sec. 90111. Restoration of certain qualified tax credit bonds. Sec. 90112. School infrastructure bonds. Sec. 90113. Annual report on bond program. Sec. 90114. Examining loan modifications to the HBCU Capital Financing Program. Subtitle C—Other provisions related to infrastructure financing Sec. 90121. Credit for operations and maintenance costs of government-owned broadband. Sec. 90122. Treatment of financial guaranty insurance companies as qualifying insurance corporations under passive foreign investment company rules.

Sec. 90123. Infrastructure grants to improve child care safety. Title II—New Markets Tax Credit Sec. 90201. Improvement and permanent extension of new markets tax credit. Title III—Rehabilitation tax credit Sec. 90301. Increase in rehabilitation credit. Sec. 90302. Increase in the rehabilitation credit for certain small projects. Sec. 90303. Modification of definition of substantially rehabilitated. Sec. 90304. Temporary extension of period for completing rehabilitation. Sec. 90305.

Elimination of rehabilitation credit basis adjustment. Sec. 90306. Modifications regarding certain tax-exempt use property. Sec. 90307. Qualification of rehabilitation expenditures for public school buildings for rehabilitation credit. Title IV—Green energy Sec. 90400. Short title. Subtitle A—Renewable Electricity and Reducing Carbon Emissions Sec. 90401. Extension of credit for electricity produced from certain renewable resources. Sec. 90402. Extension and modification of energy credit.

Sec. 90403. Extension of credit for carbon oxide sequestration. Sec. 90404. Elective payment for energy property and electricity produced from certain renewable resources, etc. Sec. 90405. Extension of energy credit for offshore wind facilities. Sec. 90406. Green energy publicly traded partnerships. Subtitle B—Renewable Fuels Sec. 90411. Biodiesel and renewable diesel. Sec. 90412. Extension of excise tax credits relating to alternative fuels. Sec. 90413. Extension of second generation biofuel incentives.

Subtitle C—Green Energy and Efficiency Incentives for Individuals Sec. 90421. Extension, increase, and modifications of nonbusiness energy property credit. Sec. 90422. Residential energy efficient property. Sec. 90423. Energy efficient commercial buildings deduction. Sec. 90424. Extension, increase, and modifications of new energy efficient home credit. Sec. 90425. Modifications to income exclusion for conservation subsidies. Subtitle D—Greening the Fleet and Alternative Vehicles Sec. 90431.

Modification of limitations on new qualified plug-in electric drive motor vehicle credit. Sec. 90432. Credit for previously-owned qualified plug-in electric drive motor vehicles. Sec. 90433. Credit for zero-emission heavy vehicles and zero-emission buses. Sec. 90434. Qualified fuel cell motor vehicles. Sec. 90435. Alternative fuel refueling property credit. Sec. 90436. Modification of employer-provided fringe benefits for bicycle commuting. Subtitle E—Investment in the Green Workforce Sec. 90441.

Extension of the advanced energy project credit. Sec. 90442. Labor costs of installing mechanical insulation property. Sec. 90443. Labor standards for certain energy jobs. Subtitle F—Environmental Justice Sec. 90451. Qualified environmental justice program credit. Subtitle G—Treasury report on data from the Greenhouse Gas Reporting Program Sec. 90461. Report on Greenhouse Gas Reporting Program. Title V—Disaster and resiliency Sec. 90501. Exclusion of amounts received from state-based catastrophe loss mitigation programs.

Sec. 90502. Repeal of temporary limitation on personal casualty losses. Title VI—Housing Subtitle A—Low-Income Housing Tax Credit Improvements Sec. 90601. Extension of period for rehabilitation expenditures. Sec. 90602. Extension of basis expenditure deadline. Sec. 90603. Tax-exempt bond financing requirement. Sec. 90604. Minimum credit rate. Sec. 90605. Increases in State allocations. Sec. 90606. Increase in credit for certain projects designated to serve extremely low-income households.

Sec. 90607. Inclusion of Indian areas as difficult development areas for purposes of certain buildings. Sec. 90608. Inclusion of rural areas as difficult development areas. Sec. 90609. Increase in credit for bond-financed projects designated by housing credit agency. Sec. 90610. Repeal of qualified contract option. Sec. 90611. Prohibition of local approval and contribution requirements. Sec. 90612. Adjustment of credit to provide relief during COVID–19 outbreak. Sec. 90613. Credit for low-income housing supportive services.

Subtitle B—Neighborhood Homes Credit Sec. 90621. Neighborhood homes credit. Title VII—Tribal development Sec. 90701. Treatment of Indian Tribes as States with respect to bond issuance. Sec. 90702. Treatment of Tribal foundations and charities like charities funded and controlled by other governmental funders and sponsors. Sec. 90703. New markets tax credit. Title VIII—Highway trust fund and related taxes Sec. 90801. Extension of Highway Trust Fund expenditure authority. Sec. 90802.

Extension of highway-related taxes. Sec. 90803. Additional transfers to Highway Trust Fund. Except as otherwise expressly provided, whenever in this division an amendment or repeal is expressed in terms of an amendment to, or repeal of, a section or other provision, the reference shall be considered to be made to a section or other provision of the Internal Revenue Code of 1986.