[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1484 Introduced in House (IH)]
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117th CONGRESS
1st Session
H. R. 1484
To amend the Internal Revenue Code of 1986 to modify the energy tax
credit to apply to qualified distributed wind energy property.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
March 2, 2021
Mr. Blumenauer introduced the following bill; which was referred to the
Committee on Ways and Means
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A BILL
To amend the Internal Revenue Code of 1986 to modify the energy tax
credit to apply to qualified distributed wind energy property.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Rural Wind Energy Modernization and
Extension Act of 2021''.
SEC. 2. QUALIFIED DISTRIBUTED WIND ENERGY PROPERTIES ADDED TO ENERGY
CREDIT.
(a) In General.--Section 48 of the Internal Revenue Code of 1986 is
amended--
(1) in subsection (a)--
(A) in paragraph (7)--
(i) in the header, by striking, ``Phaseout
for fiber-optic solar, qualified fuel cell, and
qualified small wind energy property'' and
inserting ``Phaseout for fiber-optic solar or
qualified fuel cell property'', and
(ii) by striking ``qualified fuel cell
property, qualified small wind property, or
energy property'' and inserting ``qualified
fuel cell property or energy property'', and
(B) by adding at the end the following new
paragraph:
``(8) Phaseout for qualified distributed wind energy
property.--
``(A) In general.--Subject to subparagraph (B), in
the case of any qualified distributed wind energy
property described in paragraph (3)(A)(vi), the energy
percentage determined under paragraph (2) shall be
equal to--
``(i) in the case of any property the
construction of which begins before January 1,
2028, 30 percent, and
``(ii) in the case of any property the
construction of which begins after December 31,
2027, 10 percent.
``(B) Placed in service deadline.--In the case of
any qualified distributed wind energy property
described in subparagraph (A)(i) which is not placed in
service before January 1, 2029, the energy percentage
determined under paragraph (2) shall be equal to 10
percent.'',
(2) by striking ``qualified small wind energy property''
each place it appears and inserting ``qualified distributed
wind energy property'', and
(3) by amending subsection (c)(4) to read as follows:
``(4) Qualified distributed wind energy property.--
``(A) In general.--The term `qualified distributed
wind energy property' means property that uses one or
more wind turbines in a single project with a total
nameplate capacity not exceeding 10 MW which--
``(i) are installed on properties with
sufficient electrical load such that the annual
energy consumption of the property is at least
50 percent of the annual energy produced by the
wind energy property, or
``(ii) are used as part of a subscription-
based or shared-ownership program that benefits
at least five customers and allocates energy
production proportionately to subscription or
ownership where no more than 50 percent of the
energy produced is claimed by any one owner or
subscriber.
``(B) Wind turbine.--The term `wind turbine' means
equipment which--
``(i) uses wind to produce electricity, and
``(ii) is certified by an accredited
certification agency that applies the
performance and design standards of the
American Wind Energy Association or
International Electrotechnical Commission.''.
(b) Effective Date.--The amendments made by this section shall
apply to property placed in service after the date of the enactment of
this Act.
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