S.Amdt. 3614

SA 3614. Mr. DAINES (for himself and Ms. Murkowski) submitted an
amendment intended to be proposed to amendment SA 3464 submitted by Mr.
Thune (for himself and Mr. Nelson) to the bill H.R. 636, to amend the
Internal Revenue Code of 1986 to permanently extend increased expensing
limitations, and for other purposes; which was ordered to lie on the
table; as follows:

At the appropriate place, insert the following:

SEC. ____. EXTENSION OF CREDITS FOR ELECTRICITY PRODUCED FROM
QUALIFIED HYDROPOWER AND MARINE AND
HYDROKINETIC RENEWABLE ENERGY.

(a) Qualified Hydropower Facilities.--
(1) In general.--Clause (ii) of section 45(d)(9)(A) of the
Internal Revenue Code of 1986 is amended by striking
``January 1, 2017'' and inserting ``January 1, 2020''.
(2) Conforming amendment.--Subparagraph (C) of section
45(d)(9) of such Code is amended by striking ``January 1,
2017'' and inserting ``January 1, 2020''.
(b) Marine and Hydrokinetic Renewable Energy.--Subparagraph
(B) of section 45(d)(11) of the Internal Revenue Code of 1986
is amended by striking ``January 1, 2017'' and inserting
``January 1, 2020''.
(c) Election to Treat Qualified Facilities as Energy
Property.--Clause (ii) of section 48(a)(5)(C) of the Internal
Revenue Code of 1986 is amended by inserting ``, (9), or
(11)'' after ``paragraph (1)''.
(d) Effective Date.--The amendments made by this section
shall apply to property placed in service after December 31,
2016.
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