S.Amdt. 466

SA 466. Mrs. LINCOLN 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) Modifications to Biomass Credit.--
(1) Credit allowed for electricity produced from biomass
for on-site use.--Subsection (e) of section 45 is amended by
adding at the end the following new paragraph:
``(12) Credit allowed for electricity produced from biomass
for on-site use.--In the case of electricity produced after
December 31, 2008, and before January 1, 2011, at any
facility described in paragraph (2) or (3) of subsection (d)
which is equipped with a metering device to determine
electricity consumption or sale, subsection (a)(2) shall be
applied without regard to subparagraph (B) thereof with
respect to such electricity produced and consumed at such
facility.''.
(2) Credit period for certain open-loop biomass.--Clause
(ii) of section 45(b)(4)(B) is amended by striking ``5-year
period'' and inserting ``6-year period''.
(d) Effective Date.--
(1) In general.--The amendments made by subsections (a) and
(c)(2) shall apply to property placed in service after the
date of the enactment of this Act.
(2) Electricity produced from biomass for on-site use.--The
amendment made by subsection (c)(1) shall apply to
electricity produced and consumed after December 31, 2008.
(3) Technical amendment.--The amendment
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