S.Amdt. 854
What it does: Adds SEC. __. EXPANSION OF RESOURCES TO WAVE, CURRENT, TIDAL, AND OCEAN THERMAL ENERGY wherever appropriate
Sen. Ted Stevens (R-AK)What it changes
1 change to H.R. 6
Adds SEC. __. EXPANSION OF RESOURCES TO WAVE, CURRENT, TIDAL, AND OCEAN THERMAL ENERGY wherever appropriate
Adds a sectionInserted: SEC. __. EXPANSION OF RESOURCES TO WAVE, CURRENT, TIDAL, AND OCEAN THERMAL ENERGY.
Inserted: (a) In General.--Section 45(c)(1) of the Internal Revenue Code of 1986 (defining qualified energy resources), as amended by this Act, is amended by striking "and" at the end of subparagraph (H), by striking the period at the end of subparagraph (I) and inserting ", and", and by adding at the end the following new subparagraph:
Inserted: "(J) wave, current, tidal, and ocean thermal energy."
Inserted: (b) Definition of Resources.--Section 45(c) of such Code, as amended by this Act, is amended by adding at the end the following new paragraph:
Inserted: "(9) Wave, current, tidal, and ocean thermal energy.--The term 'wave, current, tidal, and ocean thermal energy' means electricity produced from any of the following:
Inserted: "(A) Free flowing ocean water derived from tidal currents, ocean currents, waves, or estuary currents.
Inserted: "(B) Ocean thermal energy.
Inserted: "(C) Free flowing water in rivers, lakes, man made channels, or streams."
Inserted: (c) Facilities.--Section 45(d) of such Code, as amended by this Act, is amended by adding at the end the following new paragraph:
Inserted: "(10) Wave, current, tidal, and ocean thermal facility.--In the case of a facility using resources described in subparagraph (A), (B), or (C) of subsection (c)(9) to produce electricity, the term 'qualified facility' means any facility owned by the taxpayer which is originally placed in service after the date of the enactment of this paragraph and before January 1, 2010, but such term shall not include a facility which includes impoundment structures."
The amendment doesn't say where this goes; the clerk decides.
Original wording
At the appropriate place, insert the following:
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As printed
SA 854. Mr. STEVENS submitted an amendment intended to be proposed by him 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 appropriate place, insert the following:
SEC. __. EXPANSION OF RESOURCES TO WAVE, CURRENT, TIDAL, AND OCEAN THERMAL ENERGY.
(a) In General.--Section 45(c)(1) of the Internal Revenue Code of 1986 (defining qualified energy resources), as amended by this Act, is amended by striking “and” at the end of subparagraph (H), by striking the period at the end of subparagraph (I) and inserting “, and”, and by adding at the end the following new subparagraph:
“(J) wave, current, tidal, and ocean thermal energy.”
(b) Definition of Resources.--Section 45(c) of such Code, as amended by this Act, is amended by adding at the end the following new paragraph:
“(9) Wave, current, tidal, and ocean thermal energy.--The term ‘wave, current, tidal, and ocean thermal energy' means electricity produced from any of the following:
“(A) Free flowing ocean water derived from tidal currents, ocean currents, waves, or estuary currents.
“(B) Ocean thermal energy.
“(C) Free flowing water in rivers, lakes, man made channels, or streams.”
(c) Facilities.--Section 45(d) of such Code, as amended by this Act, is amended by adding at the end the following new paragraph:
“(10) Wave, current, tidal, and ocean thermal facility.--In the case of a facility using resources described in subparagraph (A), (B), or (C) of subsection (c)(9) to produce electricity, the term ‘qualified facility' means any facility owned by the taxpayer which is originally placed in service after the date of the enactment of this paragraph and before January 1, 2010, but such term shall not include a facility which includes impoundment structures.”
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Senate amendment submitted
June 22, 2005