S.Amdt. 828

SA 828. Mr. BINGAMAN (for Mr. Dorgan) submitted an amendment intended to be proposed by Mr. Bingaman to the bill H.R. 6, to ensure jobs for our future with secure, affordable, and reliable energy; which was ordered to lie on the table; as follows:

At the end appropriate place insert the following:

SEC. __. EXPANSION OF CREDIT FOR RESIDENTIAL ENERGY EFFICIENT PROPERTY TO INCLUDE ELECTRIC THERMAL STORAGE UNIT.

(a) In General.--Section 25C(b) of the Internal Revenue Code of 1986 (relating to limitation), as added by title XV, is amended--

(1) by striking “and” at the end of paragraph (2),

(2) by striking the period at the end of paragraph (3) and inserting “, and”, and

(3) by adding at the end the following new paragraph:

“(4) $250 for any electric thermal storage unit.”.

(b) Electric Thermal Storage Unit.--Section 25C(c)(2)(A) of such Code, as so added, is amended--

(1) by striking “or” at the end of clause (ii),

(2) by striking the period at the end of clause (iii) and inserting “, or”, and

(3) by adding at the end the following new clause:

“(iv) 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 property placed in service after December 31, 2005.