S.Amdt. 1452
What it does: Adds SEC. 310. EXPANSION OF CREDIT FOR RESIDENTIAL ENERGY EFFICIENT PROPERTY TO INCLUDE ELECTRIC THERMAL STORAGE UNIT at the end of title III of division B
Sen. Byron L. Dorgan (D-ND)What it changes
1 change to S. 14
Adds SEC. 310. EXPANSION OF CREDIT FOR RESIDENTIAL ENERGY EFFICIENT PROPERTY TO INCLUDE ELECTRIC THERMAL STORAGE UNIT at the end of title III of division B
Adds a sectionInserted: SEC. 310. EXPANSION OF CREDIT FOR RESIDENTIAL ENERGY EFFICIENT PROPERTY TO INCLUDE ELECTRIC THERMAL STORAGE UNIT.
Inserted: (a) In General.--Section 25C(b)(1)(C) (relating to maximum credit), as added by this Act, is amended--
Inserted: (1) by striking "and" at the end of clause (v),
Inserted: (2) by striking the period at the end of clause (vi) and inserting ", and", and
Inserted: (3) by adding at the end the following new clause:
Inserted: "(vii) $250 for each electric thermal storage unit.".
Inserted: (b) Electric Thermal Storage Unit.--Section 25C(d)(6)(B), as added by this Act, is amended--
Inserted: (1) by striking "and" at the end of clause (v),
Inserted: (2) by striking the period at the end of clause (vi) and inserting ", and", and
Inserted: (3) by adding at the end the following new clause:
Inserted: "(vii) an electric thermal storage unit which converts low-cost, off-peak electricity to heat and stores such heat for later use in specially designed ceramic bricks.".
Inserted: (c) Effective Date.--The amendments made by this section shall apply to expenditures after the date of the enactment of this Act, in taxable years ending after such date.
Original wording
At the end of title III of division B add the following:
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
SA 1452. Mr. DORGAN 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 III of division B add the following:
SEC. 310. EXPANSION OF CREDIT FOR RESIDENTIAL ENERGY EFFICIENT PROPERTY TO INCLUDE ELECTRIC THERMAL STORAGE UNIT.
(a) In General.--Section 25C(b)(1)(C) (relating to maximum credit), as added by this Act, is amended--
(1) by striking “and” at the end of clause (v),
(2) by striking the period at the end of clause (vi) and inserting “, and”, and
(3) by adding at the end the following new clause:
“(vii) $250 for each electric thermal storage unit.”.
(b) Electric Thermal Storage Unit.--Section 25C(d)(6)(B), as added by this Act, is amended--
(1) by striking “and” at the end of clause (v),
(2) by striking the period at the end of clause (vi) and inserting “, and”, and
(3) by adding at the end the following new clause:
“(vii) an electric thermal storage unit which converts low-cost, off-peak electricity to heat and stores such heat for later use in specially designed ceramic bricks.”.
(c) Effective Date.--The amendments made by this section shall apply to expenditures after the date of the enactment of this Act, in taxable years ending after such date.
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Senate amendment submitted
July 31, 2003