S.Amdt. 3209

SA 3209. Mr. LANKFORD submitted an amendment intended to be proposed
by him 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. ___. REPEAL OF CREDIT FOR ELECTRICITY PRODUCED FROM
CERTAIN RENEWABLE RESOURCES.

(a) Repeal of Credit.--
(1) Repeal of certain qualified energy resources.--
(A) In general.--Section 45 of the Internal Revenue Code of
1986 is amended--
(i) in subsection (c)--

(I) in paragraph (1), by striking subparagraphs (B) through
(I), and
(II) by striking paragraphs (2) through (10), and

(ii) in subsection (d), by striking paragraphs (2) through
(11).
(B) Effective date.--The amendments made by this paragraph
shall apply to electricity, and refined coal, produced and
sold after December 31, 2026.
(2) Repeal of credit for wind facilities and elimination of
section 45 of the internal revenue code of 1986.--
(A) In general.--Subpart D of part IV of subchapter A of
chapter 1 of the Internal Revenue Code of 1986 is amended by
striking section 45 (and by striking the item relating to
such section in the table of sections for such subpart).
(B) Conforming amendments.--
(i) Section 38 of such Code is amended--

(I) in subsection (b), by striking paragraph (8), and
(II) in subsection (c)(4)(B), by striking clause (iii).

(ii) Section 45J of such Code is amended by adding at the
end the following new subsection:
``(f) References to Section 45.--Any reference in this
section to any provision of section 45 shall be treated as a
reference to such provision as in effect immediately before
its repeal.''.
(iii) Section 45K(g)(2) of such Code is amended by striking
subparagraph (E).
(iv) Section 48 of such Code is amended by adding at the
end the following new subsection:
``(e) References to Section 45.--Any reference in this
section to any provision of section 45 shall be treated as a
reference to such provision as in effect immediately before
its repeal.''.
(v) Section 54(d)(2)(A) of such Code is amended by
inserting ``(as in effect immediately before its repeal)''
after ``section 45(d)''.
(vi) Section 54C(d)(1) of such Code is amended by inserting
``(as in effect immediately before its repeal)'' after
``section 45(d)''.
(vii) Section 54D(f)(1)(A)(iv) of such Code is amended by
inserting ``(as in effect immediately before its repeal)''
after ``section 45(d)''.
(viii) Section 55(c)(1) of such Code is amended by striking
``45(e)(11)(C),''.
(C) Effective date.--The amendments made by this paragraph
shall take effect on January 1, 2032.
(b) Sense of Congress Regarding Further Extension.--It is
the sense of the Congress that the credit under section 45 of
the Internal Revenue Code of 1986 should be allowed to expire
and should not be extended beyond the expiration dates
specified in such section as of the date of the enactment of
this Act.
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