S.Amdt. 3117

SA 3117. Mr. MARKEY submitted an amendment intended to be proposed to
amendment SA 2953 proposed by Ms. Murkowski to the bill S. 2012, to
provide for the modernization of the energy policy of the United
States, and for other purposes; which was ordered to lie on the table;
as follows:

At the appropriate place, insert the following:

SEC. ___. ENERGY CREDIT FOR QUALIFIED OFFSHORE WIND
FACILITIES.

(a) In General.--Section 48 of the Internal Revenue Code is
amended--
(1) in subsection (a)--
(A) in paragraph (2)(A)(i)--
(i) in subclause (III), by striking ``and'' at the end, and
(ii) by adding at the end the following new subclause:

``(V) qualified offshore wind property, and'', and

(B) in paragraph (3)(A)--
(i) in clause (vi), by striking ``or'' at the end,
(ii) in clause (vii), by adding ``or'' at the end, and
(iii) by adding at the end the following new clause:
``(viii) qualified offshore wind property, but only with
respect to periods ending before January 1, 2026,''.
(2) in subsection (c), by adding at the end the following
new paragraph:
``(5) Qualified offshore wind property.--
``(A) In general.--The term `qualified offshore wind
property' means an offshore facility using wind to produce
electricity.
``(B) Offshore facility.--The term `offshore facility'
means any facility located in the inland navigable waters of
the United States, including the Great Lakes, or in the
coastal waters of the United States, including the
territorial seas of the United States, the exclusive economic
zone of United States, and the outer Continental Shelf of the
United States.
``(C) Exception for qualified small wind energy property.--
The term `qualified offshore wind property' shall not include
any property described in paragraph (4).''.
(b) Effective Date.--The amendments made by this section
shall take effect on the date of the enactment of this Act.
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