S.Amdt. 3624

SA 3624. Mr. SCHATZ (for himself and Mr. Heinrich) 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. ____. ENERGY CREDIT FOR BATTERY STORAGE TECHNOLOGY.

(a) In General.--Subclause (II) of section 48(a)(2)(A)(i)
of the Internal Revenue Code of 1986 is amended by striking
``paragraph (3)(A)(i)'' and inserting ``clause (i) or (viii)
of paragraph (3)(A)''.
(b) Battery Storage Technology.--Subparagraph (A) of
section 48(a)(3) of the Internal Revenue Code of 1986 is
amended by striking ``or'' at the end of clause (vi), by
adding ``or'' at the end of clause (vii), and by adding at
the end the following new clause:
``(viii) battery storage technology,''.
(c) Phaseout of Credit.--Paragraph (6) of section 48(a) of
the Internal Revenue Code of 1986 is amended--
(1) by striking ``solar'' in the heading and inserting
``certain'', and
(2) by striking ``paragraph (3)(A)(i)'' both places it
appears and inserting ``clause (i) or (viii) of paragraph
(3)(A)''.
(d) Effective Date.--The amendments made by this section
shall apply to property placed in service after December 31,
2015.

SEC. ____. RESIDENTIAL ENERGY EFFICIENT PROPERTY CREDIT FOR
BATTERY STORAGE TECHNOLOGY.

(a) In General.--Subsection (a) of section 25D of the
Internal Revenue Code of 1986 is amended by striking ``and''
at the end of paragraph (4), by striking the period at the
end of paragraph (5) and inserting ``, and'', and by adding
at the end the following new paragraph:
``(6) 30 percent of the qualified battery storage
technology expenditures made by the taxpayer during such
year.''.
(b) Qualified Battery Storage Technology Expenditure.--
Subsection (d) of section 25D of the Internal Revenue Code of
1986 is amended by adding at the end the following new
paragraph:
``(6) Qualified battery storage technology expenditure.--
The term `qualified battery storage technology expenditure'
means an expenditure for battery storage technology installed
on or in connection with a dwelling unit located in the
United States and used as a residence by the taxpayer.''.
(c) Effective Date.--The amendments made by this section
shall apply to expenditures paid or incurred in taxable years
beginning after December 31, 2015.
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