S.Amdt. 1987
What it does: Rewrites page 9, lines 9–12
Sen. Olympia J. Snowe (R-ME)What it changes
1 change to S. 2204
Rewrites page 9, lines 9–12
ReplacesPrinted pageRemoves page 9, lines 9–12 of the printed bill. See that page
Inserted: (b) Wind Facilities.--
Inserted: (1) In general.--Paragraph (1) of section 45(d) of the Internal Revenue Code of 1986 is amended by striking "January 1, 2013" and inserting "January 1, 2015".
Inserted: (2) Reduced credit rate for wind facilities for 2013 and 2014 and termination after 2014.--Subparagraph (A) of section 45(b)(4) of the Internal Revenue Code of 1986 is amended--
Inserted: (A) by striking "In the case of" and inserting:
Inserted: "(i) In general.--In the case of", and
Inserted: (B) by adding at the end the following new clause:
Inserted: "(ii) Wind facilities.--In the case of electricity produced and sold in any calendar year after 2012 at any qualified facility described in subsection (d)(1), the amount in effect under subsection (a)(1) for such calendar year (determined before the application of the last sentence of paragraph (2) of this subsection) shall be--
Inserted: "(I) reduced by one-third in calendar year 2013,
Inserted: "(II) reduced by two-thirds in calendar year 2014, and
Inserted: "(III) zero after calendar year 2014.".
Inserted: (3) No extension of grants for specified energy property in lieu of tax credits.--The amendments made by subsection (d) of this section and section 116 of this Act are hereby deemed null, void, and of no effect.
Original wording
On page 9, strike lines 9 through 12, and insert the following:
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
SA 1987. Ms. SNOWE submitted an amendment intended to be proposed by her to the bill S. 2204, to eliminate unnecessary tax subsidies and promote renewable energy and energy conservation; which was ordered to lie on the table; as follows:
On page 9, strike lines 9 through 12, and insert the following:
(b) Wind Facilities.--
(1) In general.--Paragraph (1) of section 45(d) of the Internal Revenue Code of 1986 is amended by striking “January 1, 2013” and inserting “January 1, 2015”.
(2) Reduced credit rate for wind facilities for 2013 and 2014 and termination after 2014.--Subparagraph (A) of section 45(b)(4) of the Internal Revenue Code of 1986 is amended--
(A) by striking “In the case of” and inserting:
“(i) In general.--In the case of”, and
(B) by adding at the end the following new clause:
“(ii) Wind facilities.--In the case of electricity produced and sold in any calendar year after 2012 at any qualified facility described in subsection (d)(1), the amount in effect under subsection (a)(1) for such calendar year (determined before the application of the last sentence of paragraph (2) of this subsection) shall be--
“(I) reduced by one-third in calendar year 2013,
“(II) reduced by two-thirds in calendar year 2014, and
“(III) zero after calendar year 2014.”.
(3) No extension of grants for specified energy property in lieu of tax credits.--The amendments made by subsection (d) of this section and section 116 of this Act are hereby deemed null, void, and of no effect.
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Senate amendment submitted
March 28, 2012