To amend the Internal Revenue Code of 1986 to extend through 2010 certain tax incentives for renewable energy production and energy efficient building construction.
What it does: Adds Subtitle B--Extending Tax Incentives for Renewable Energy Production and Energy Efficient Construction SECTION 411. EXTENSION OF RENEWABLE ENERGY PRODUCTION CREDIT THROUGH 2010 at the end of title IV
Sen. Harry Reid (D-NV)What it changes
1 change to S. 2020 · shown in the bill's text
Adds Subtitle B--Extending Tax Incentives for Renewable Energy Production and Energy Efficient Construction SECTION 411. EXTENSION OF RENEWABLE ENERGY PRODUCTION CREDIT THROUGH 2010 at the end of title IV
Adds a sectionIn S. 2020 · Placed on Calendar Senate
(d) Effective Date.--The amendments made by this section shall apply to amounts paid or accrued during the period beginning after December 31, 2006, and before January 1, 2008, and properly allocable to such period, with respect to mortgage insurance contracts issued after December 31, 2006.
Inserted: Subtitle B--Extending Tax Incentives for Renewable Energy Production and Energy Efficient Construction SECTION 411. EXTENSION OF RENEWABLE ENERGY PRODUCTION CREDIT THROUGH 2010.
Inserted: Paragraphs (1), (2), (3), (4), (5), (6), (7), and (9) of section 45(d) (relating to qualified facilities) are amended by striking "2008" each place it appears and inserting "2011".
Inserted: SEC. 412. EXTENSION OF RENEWABLE ENERGY INVESTMENT TAX CREDIT THROUGH 2010.
Inserted: Paragraphs (2)(A)(i)(II) and (3)(A)(ii) (relating to energy credit) is amended by striking "2008" both places it appears and inserting "2011".
Inserted: SEC. 413. EXTENSION OF CLEAN RENEWABLE ENERGY BONDS THROUGH 2010.
Inserted: Section 54(m) (relating to termination) is amended by striking "2007" and inserting "2010".
Inserted: SEC. 414. EXTENSION OF ENERGY EFFICIENT COMMERCIAL BUILDINGS DEDUCTION THROUGH 2010.
Inserted: Section 179D(h) (relating to termination) is amended by striking "2007" and inserting "2010".
Inserted: SEC. 415. EXTENSION OF NEW ENERGY EFFICIENT HOME CREDIT THROUGH 2010.
Inserted: Section 45L(g) (relating to termination) is amended by striking "2007" and inserting "2010".
Inserted: SEC. 416. EXTENSION OF RESIDENTIAL RENEWABLE ENERGY EFFICIENT PROPERTY CREDIT THROUGH 2010.
Inserted: Section 25D(g) is amended to read as follows:
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Inserted: "(a) Termination.--The credit allowed under this section shall not apply to--
Inserted: "(1) property described in paragraph (1) or (2) of subsection (d) placed in service after December 31, 2010, and
Inserted: "(2) property described in subsection (d)(3) placed in service after December 31, 2007.".
Inserted: SEC. 417. EXTENSION OF NONBUSINESS ENERGY PROPERTY CREDIT THROUGH 2010.
Inserted: Section 25C(g) (relating to termination) is amended by striking "2007" and inserting "2010".
Inserted: SEC. 418. MODIFICATIONS OF EFFECTIVE DATES OF LEASING PROVISIONS OF THE AMERICAN JOBS CREATION ACT OF 2004.
Inserted: (a) In General.--Section 849(b) of the American Jobs Creation Act of 2004 is amended by adding at the end the following new paragraph:
Inserted: "(5) Leases to foreign entities.--In the case of tax-exempt use property leased to a tax-exempt entity which is a foreign person or entity, the amendments made by this part shall apply to taxable years beginning after December 31, 2004, with respect to leases entered into on or before March 12, 2004.".
Inserted: (b) Effective Date.--The amendments made by this section shall take effect as if included in the enactment of the American Jobs Creation Act of 2004.
Original wording
At the end of title IV, add the following:
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
SA 2653. Mr. BAUCUS (for Mr. Reid (for himself, Mr. Kerry, Mr. Lautenberg, Ms. Snowe, Mr. Salazar, Mr. Bingaman, Mr. Jeffords, Mr. Bayh, Mrs. Clinton, Mr. Harkin, Mrs. Feinstein, and Ms. Collins)) proposed an amendment to the bill S. 2020, to provide for reconciliation pursuant to section 202(b) of the concurrent resolution on the budget for fiscal year 2006; which was ordered to lie on the table; as follows:
At the end of title IV, add the following:
Subtitle B--Extending Tax Incentives for Renewable Energy Production and Energy Efficient Construction SECTION 411. EXTENSION OF RENEWABLE ENERGY PRODUCTION CREDIT THROUGH 2010.
Paragraphs (1), (2), (3), (4), (5), (6), (7), and (9) of section 45(d) (relating to qualified facilities) are amended by striking “2008” each place it appears and inserting “2011”.
SEC. 412. EXTENSION OF RENEWABLE ENERGY INVESTMENT TAX CREDIT THROUGH 2010.
Paragraphs (2)(A)(i)(II) and (3)(A)(ii) (relating to energy credit) is amended by striking “2008” both places it appears and inserting “2011”.
SEC. 413. EXTENSION OF CLEAN RENEWABLE ENERGY BONDS THROUGH 2010.
Section 54(m) (relating to termination) is amended by striking “2007” and inserting “2010”.
SEC. 414. EXTENSION OF ENERGY EFFICIENT COMMERCIAL BUILDINGS DEDUCTION THROUGH 2010.
Section 179D(h) (relating to termination) is amended by striking “2007” and inserting “2010”.
SEC. 415. EXTENSION OF NEW ENERGY EFFICIENT HOME CREDIT THROUGH 2010.
Section 45L(g) (relating to termination) is amended by striking “2007” and inserting “2010”.
SEC. 416. EXTENSION OF RESIDENTIAL RENEWABLE ENERGY EFFICIENT PROPERTY CREDIT THROUGH 2010.
Section 25D(g) is amended to read as follows:
“(a) Termination.--The credit allowed under this section shall not apply to--
“(1) property described in paragraph (1) or (2) of subsection (d) placed in service after December 31, 2010, and
“(2) property described in subsection (d)(3) placed in service after December 31, 2007.”.
SEC. 417. EXTENSION OF NONBUSINESS ENERGY PROPERTY CREDIT THROUGH 2010.
Section 25C(g) (relating to termination) is amended by striking “2007” and inserting “2010”.
SEC. 418. MODIFICATIONS OF EFFECTIVE DATES OF LEASING PROVISIONS OF THE AMERICAN JOBS CREATION ACT OF 2004.
(a) In General.--Section 849(b) of the American Jobs Creation Act of 2004 is amended by adding at the end the following new paragraph:
“(5) Leases to foreign entities.--In the case of tax-exempt use property leased to a tax-exempt entity which is a foreign person or entity, the amendments made by this part shall apply to taxable years beginning after December 31, 2004, with respect to leases entered into on or before March 12, 2004.”.
(b) Effective Date.--The amendments made by this section shall take effect as if included in the enactment of the American Jobs Creation Act of 2004.
Legislative Activity
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Senate amendment submitted
November 17, 2005
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Senate amendment submitted
November 17, 2005
Senate amendment not agreed to: Amendment SA 2653 not agreed to in Senate by Voice Vote.
November 17, 2005
Senate amendment proposed (on the floor): Amendment SA 2653 proposed by Senator Baucus for Senator Reid.
November 17, 2005
Amendment SA 2653 proposed by Senator Baucus for Senator Reid. (consideration: CR S13118-13119, S13136, S13128; text: CR S13119; text as modified: CR S13126) To amend the Internal Revenue Code of 1986 to extend through 2010 certain tax incentives for renewable energy production and energy efficient building construction.
November 17, 2005
Amendment SA 2653 not agreed to in Senate by Voice Vote.
November 17, 2005