S.Amdt. 318

SA 318. Mr. MENENDEZ submitted an amendment intended to be proposed
to amendment SA 98 proposed by Mr. Inouye (for himself and Mr. Baucus)
to the bill H.R. 1, making supplemental appropriations for job
preservation and creation, infrastructure investment, energy efficiency
and science, assistance to the unemployed, and State and local fiscal
stabilization, for fiscal year ending September 30, 2009, and for other
purposes; which was ordered to lie on the table; as follows:

On page 453, beginning on line 12, strike through line 16
and insert the following:
(c) Credit Allowed for Energy Storage.--

[[Page S1592]]

(1) In general.--Subparagraph (B) of section 45(a)(1) is
amended by inserting ``, or delivered by the taxpayer to an
unrelated person from a qualified renewable energy bulk
storage facility,'' before ``during the taxable year''.
(2) Storage facility.--Subsection (e) of section 45 is
amended by adding at the end the following new paragraph:
``(12) Qualified renewable energy bulk storage facility.--
For purposes of subsection (a), the term `qualified renewable
energy bulk storage facility' means a facility owned by the
taxpayer which is designed to store energy produced from
qualified energy resources and to convert such energy to
electricity and deliver such electricity for sale.''.
(d) Effective Date.--
(1) In general.--The amendments made by subsection (a)
shall apply to property placed in service after the date of
the enactment of this Act.
(2) Energy storage.--The amendment made by subsection (c)
shall apply to electricity produced and stored after the date
of the enactment of this Act.
(3) Technical amendment.--The amendment * * *
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