S.Amdt. 2520
What it does: Adds SEC. __. EXTENSION OF CREDITS FOR WIND FACILITIES at the end of the bill
Sen. Michael F. Bennet (D-CO)What it changes
1 change to S. 2237 · shown in the bill's text
Adds SEC. __. EXTENSION OF CREDITS FOR WIND FACILITIES at the end of the bill
Adds a sectionIn S. 2237 · Placed on Calendar Senate
(ii) multiplying the limitation under subparagraph (B)(ii) of such paragraph (as so in effect) by a fraction the numerator of which is the number of days in the taxable year after December 31, 2011, and the denominator of which is the number of days in the taxable year.
Inserted: SEC. __. EXTENSION OF CREDITS FOR WIND FACILITIES.
Inserted: (a) Production Tax Credit.--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: (b) Investment Tax Credit.--Clause (i) of section 48(a)(5)(C) of the Internal Revenue Code of 1986 is amended by striking "or 2012" and inserting "2012, 2013, or 2014".
Inserted: (c) Effective Date.--The amendments made by this section shall apply to facilities placed in service after December 31, 2012.
Inserted: SEC. __. DELAY IN APPLICATION OF WORLDWIDE INTEREST.
Inserted: (a) In General.--Paragraphs (5)(D) and (6) of section 864(f) of the Internal Revenue Code of 1986 are each amended by striking "December 31, 2020" and inserting "December 31, 2022".
Inserted: (b) Effective Date.--The amendments made by this section shall take effect on the date of the enactment of this Act.
Original wording
At the end, add the following:
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
SA 2520. Mr. BENNET (for himself, Mr. Moran, Mr. Udall of Colorado, and Mr. Tester) submitted an amendment intended to be proposed by him to the bill S. 2237, to provide a temporary income tax credit for increased payroll and extend bonus depreciation for an additional year, and for other purposes; as follows:
At the end, add the following:
SEC. __. EXTENSION OF CREDITS FOR WIND FACILITIES.
(a) Production Tax Credit.--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”.
(b) Investment Tax Credit.--Clause (i) of section 48(a)(5)(C) of the Internal Revenue Code of 1986 is amended by striking “or 2012” and inserting “2012, 2013, or 2014”.
(c) Effective Date.--The amendments made by this section shall apply to facilities placed in service after December 31, 2012.
SEC. __. DELAY IN APPLICATION OF WORLDWIDE INTEREST.
(a) In General.--Paragraphs (5)(D) and (6) of section 864(f) of the Internal Revenue Code of 1986 are each amended by striking “December 31, 2020” and inserting “December 31, 2022”.
(b) Effective Date.--The amendments made by this section shall take effect on the date of the enactment of this Act.
Legislative Activity
Stay on top of the latest movement without scrolling through every action
Senate amendment submitted
July 11, 2012