Text: H.R.1743 — 111th Congress (2009-2010)All Information (Except Text)

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Introduced in House (03/26/2009)


111th CONGRESS
1st Session
H. R. 1743


To amend the Internal Revenue Code of 1986 to extend the renewable energy credit, and for other purposes.


IN THE HOUSE OF REPRESENTATIVES

March 26, 2009

Mr. McCarthy of California introduced the following bill; which was referred to the Committee on Ways and Means


A BILL

To amend the Internal Revenue Code of 1986 to extend the renewable energy credit, and for other purposes.

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 “Wind Incentives for a New Decade Energy Act of 2009” or the “WIND Energy Act”.

SEC. 2. Extension of renewable energy credit.

(a) Wind.—Paragraph (1) of section 45(d) of the Internal Revenue Code of 1986 is amended by striking “January 1, 2013” and inserting “January 1, 2020”.

(b) Biomass, geothermal, small irrigation, landfill gas, trash, and hydropower.—Each of the following provisions of section 45(d) of such Code is amended by striking “January 1, 2014” and inserting “January 1, 2020”:

(1) Clauses (i) and (ii) of paragraph (2)(A).

(2) Clauses (i)(I) and (ii) of paragraph (3)(A).

(3) Paragraph (4).

(4) Paragraph (6).

(5) Paragraph (7).

(6) Subparagraphs (A) and (B) of paragraph (9).

(7) Subparagraph (B) of section 45(d)(11).

(c) Credit allowed against alternative minimum tax.—Subparagraph (B) of section 38(c)(4) of such Code is amended by striking “and” at the end of clause (vii), by striking the period at the end of clause (viii) and inserting “, and”, and by inserting after clause (viii) the following new clause:

“(ix) the credit determined under section 45.”.

(d) Effective date.—The amendments made by this section shall apply to electricity produced and sold after the date of the enactment of this Act.


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