S.Amdt. 1497
What it does: Inserts new text at the end of title I of division B
Sen. Tom Harkin (D-IA)What it changes
1 change to S. 14
Inserts new text at the end of title I of division B
InsertsInserted: SEC. . FURTHER MODIFICATIONS TO CREDIT FOR ELECTRICITY PRODUCED FROM CERTAIN RENEWABLE RESOURCES.
Inserted: (a) Extension of Placed in Service Date.--
Inserted: (1) In general.--Section 45(c), as amended by this Act, is amended by striking "January 1, 2007" each place it appears and inserting "January 1, 2014".
Inserted: (2) Biomass.--Paragraph (3)(A)(ii) of section 45(c), as amended by this Act, is amended by striking "January 1, 2005" and inserting "January 1, 2014".
Inserted: (b) Restoration of Inflation Adjustment.--Section 45(b)(2), as amended by this Act, is amended by striking the last sentence.
Inserted: (c) Credit Allowable for Production of hydrogen.--Section 45, as amended by this Act, is amended by inserting at the end the following new subsection:
Inserted: "(f) Hydrogen Produced From Renewable Resources.--
Inserted: "(1) In general.--In the case of hydrogen produced from qualified energy sources at qualified facilities, subsection (a) shall be applied by substituting 'the hydrogen kilowatt hour equivalent unit' for 'the kilowatt hours of electricity' in paragraph (2).
Inserted: "(2) Hydrogen kilowatt hour equivalent unit.--For purposes of this section, the term 'hydrogen kilowatt hour equivalent unit' means each measurement of hydrogen having the Btu equivalent of one kilowatt hour of electricity, as determined by the Secretary in consultation with the Secretary of Energy.".
Inserted: (d) Effective Date.--
Inserted: (1) Subsection (a).--The amendments made by subsection (a) shall take effect as if included in the provisions of section 101 to which they relate.
Inserted: (2) Subsection (b).--The amendments made by subsections (b) and (c) shall apply to electricity produced and sold after December 31, 2004, in taxable years ending after such date.
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Inserted: (3) Subsection (c).--The amendments made by subsection (c) shall apply to hydrogen produced and sold after December 31, 2004, in taxable years ending after such date.
Original wording
At the end of title I of division B, insert the following:
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
SA 1497. Mr. HARKIN 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 I of division B, insert the following:
SEC. . FURTHER MODIFICATIONS TO CREDIT FOR ELECTRICITY PRODUCED FROM CERTAIN RENEWABLE RESOURCES.
(a) Extension of Placed in Service Date.--
(1) In general.--Section 45(c), as amended by this Act, is amended by striking “January 1, 2007” each place it appears and inserting “January 1, 2014”.
(2) Biomass.--Paragraph (3)(A)(ii) of section 45(c), as amended by this Act, is amended by striking “January 1, 2005” and inserting “January 1, 2014”.
(b) Restoration of Inflation Adjustment.--Section 45(b)(2), as amended by this Act, is amended by striking the last sentence.
(c) Credit Allowable for Production of hydrogen.--Section 45, as amended by this Act, is amended by inserting at the end the following new subsection:
“(f) Hydrogen Produced From Renewable Resources.--
“(1) In general.--In the case of hydrogen produced from qualified energy sources at qualified facilities, subsection (a) shall be applied by substituting ‘the hydrogen kilowatt hour equivalent unit' for ‘the kilowatt hours of electricity' in paragraph (2).
“(2) Hydrogen kilowatt hour equivalent unit.--For purposes of this section, the term ‘hydrogen kilowatt hour equivalent unit' means each measurement of hydrogen having the Btu equivalent of one kilowatt hour of electricity, as determined by the Secretary in consultation with the Secretary of Energy.”.
(d) Effective Date.--
(1) Subsection (a).--The amendments made by subsection (a) shall take effect as if included in the provisions of section 101 to which they relate.
(2) Subsection (b).--The amendments made by subsections (b) and (c) shall apply to electricity produced and sold after December 31, 2004, in taxable years ending after such date.
(3) Subsection (c).--The amendments made by subsection (c) shall apply to hydrogen produced and sold after December 31, 2004, in taxable years ending after such date.
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Senate amendment submitted
July 31, 2003