S.Amdt. 1340
What it does: Adds SEC. ____. STUDY OF EFFECTIVENESS OF CREDIT FOR ELECTRICITY PRODUCED FROM CERTAIN RENEWABLE RESOURCES at the end of title VII of division B
Sen. Jon Kyl (R-AZ)What it changes
1 change to S. 14
Adds SEC. ____. STUDY OF EFFECTIVENESS OF CREDIT FOR ELECTRICITY PRODUCED FROM CERTAIN RENEWABLE RESOURCES at the end of title VII of division B
Adds a sectionInserted: SEC. ____. STUDY OF EFFECTIVENESS OF CREDIT FOR ELECTRICITY PRODUCED FROM CERTAIN RENEWABLE RESOURCES.
Inserted: (a) Study.--The Comptroller General of the United States shall undertake a study of the effectiveness of the credit for electricity produced from certain renewable resources under section 45 of the Internal Revenue Code of 1986, as amended by title I. Such study shall evaluate--
Inserted: (1) whether the credit is necessary as a means of encouraging the use of renewable resources,
Inserted: (2) whether the credit is economically efficient,
Inserted: (3) the amount of investment in renewable resource technologies that would exist if no tax credit were available, and
Inserted: (4) when the credit should terminate.
Inserted: (b) Report.--The Comptroller General of the United States shall report the study required under subsection (a) to Congress not later than 1 year after the date of the enactment of this Act.
Original wording
At the end of title VII of division B, insert the following:
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
SA 1340. Mr. KYL submitted an amendment intended to be proposed by him to the bill S. 14, to enhance the energy security of the United States, and for other purposes; which was ordered to lie on the table; as follows:
At the end of title VII of division B, insert the following:
SEC. ____. STUDY OF EFFECTIVENESS OF CREDIT FOR ELECTRICITY PRODUCED FROM CERTAIN RENEWABLE RESOURCES.
(a) Study.--The Comptroller General of the United States shall undertake a study of the effectiveness of the credit for electricity produced from certain renewable resources under section 45 of the Internal Revenue Code of 1986, as amended by title I. Such study shall evaluate--
(1) whether the credit is necessary as a means of encouraging the use of renewable resources,
(2) whether the credit is economically efficient,
(3) the amount of investment in renewable resource technologies that would exist if no tax credit were available, and
(4) when the credit should terminate.
(b) Report.--The Comptroller General of the United States shall report the study required under subsection (a) to Congress not later than 1 year after the date of the enactment of this Act.
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Senate amendment submitted
July 23, 2003