S.Amdt. 2938

SA 2938. Mr. CARPER (for himself, Mr. Coons, Mr. Blumenthal, Mr.
Markey, Mr. Booker, Mr. Schumer, Mr. Bennet, Mr. Cardin, Ms. Cantwell,
Mr. Murphy, Mr. Sanders, Mr. Casey, Mr. Brown, Mr. Menendez, Ms.
Hirono, Mr. Donnelly, Mr. Heinrich, Mrs. Shaheen, and Mr. Franken)
submitted an amendment intended to be proposed by him to the bill H.R.
2029, making appropriations for military construction, the Department
of Veterans Affairs, and related agencies for the fiscal year ending
September 30, 2016, and for other purposes; which was ordered to lie on
the table; as follows:

In title III of division P, insert after section 303 the
following new section:

SEC. 303A. EXTENSION OF ENERGY CREDIT FOR OTHER ENERGY
PROPERTY.

(a) Qualified Fuel Cell Property.--Section 48(c)(1)(D) of
the Internal Revenue Code of 1986 is amended by striking
``for any period after December 31, 2016'' and inserting
``the construction of which does not begin before January 1,
2022''.
(b) Qualified Microturbine Property.--Section 48(c)(2)(D)
of such Code is amended by striking ``for any period after
December 31, 2016'' and inserting ``the construction of which
does not begin before January 1, 2022''.
(c) Combined Heat And Power System Property.--Section
48(c)(3)(A)(iv) of such Code is amended by striking ``which
is placed in service before January 1, 2017'' and inserting
``construction of which begins before January 1, 2022''.
(d) Qualified Small Wind Energy Property.--Section
48(c)(4)(C) of such Code is amended by striking ``for any
period after December 31, 2016'' and inserting ``the
construction of which does not begin before January 1,
2022''.
(e) Thermal Energy Property.--Section 48(a)(3)(A)(vii) of
such Code is amended by striking ``periods ending'' and
inserting ``property the construction of which begins before
January 1, 2022''.
(f) Phaseout of 30 Percent Credit Rate for Fuel Cell and
Small Wind Energy Property.--Subsection (a) of section 48 of
such Code, as amended by this Act, is amended by adding at
the end the following new paragraph:
``(7) Phaseout for qualified fuel cell property and
qualified small wind energy property.--In th case of
qualified fuel cell property or qualified small wind energy
property, the construction of which begins before January 1,
2022, the energy percentage determined under paragraph (2)
shall be equal to--
``(A) in the case of any property the construction of which
begins after December 31, 2019, and before January 1, 2021,
26 percent, and
``(B) in the case of any property the construction of which
begins after December 31, 2020, and before January 1, 2022,
22 percent.''.
(g) Effective Date.--The amendments made by this section
shall take effect on the date of the enactment of this Act.
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