S.Amdt. 1727

SA 1727. Mr. REED (for himself and Mr. Whitehouse) submitted an amendment intended to be proposed by him to the bill H.R. 6, to reduce our Nation's dependency on foreign oil by investing in clean, renewable, and alternative energy resources, promoting new emerging energy technologies, developing greater efficiency, and creating a Strategic Energy Efficiency and Renewables Reserve to invest in alternative energy, and for other purposes; which was ordered to lie on the table; as follows:

At the appropriate place, insert the following:

SEC. __. RENEWABLE ELECTRICITY PRODUCTION CREDIT ALLOWED FOR LANDFILL GAS FACILITIES WHICH PRODUCE FUEL FROM A NONCONVENTIONAL SOURCE.

(a) In General.--Section 45(e)(9) of the Internal Revenue Code of 1986 is amended by adding at the end the following new subparagraph:

“(C) Special rule for certain facilities.--

“(i) In general.--The amount of qualified energy resources taken into account under subsection (a) at any qualified facility described in clause (ii) shall be reduced by the amount of such resources used in producing qualified fuels (as defined by section 45K(c)) at such facility.

“(ii) Qualified facility described.--A qualified facility is described in this clause if such facility--

“(I) is placed in service after the date of the enactment of this subparagraph, and

“(II) produces electricity from gas derived from the biodegradation of municipal solid waste and such biodegradation occurred in a facility (within the meaning of section 45K) the production from which a credit is allowed under section 45K for the taxable year.”.

(b) Conforming Amendment.--Subparagraph (A) of section 45(e)(9) of such Code is amended by inserting “which is placed in service before the date of the enactment of subparagraph (C) and” after “shall not include an facility”.

(c) Effective Date.--The amendment made by this section shall apply to electricity produced and sold after the date of the enactment of this Act.