To maintain parity for wind and solar facilities under the Internal Revenue Code of 1986.

SA 2717. Ms. ROSEN (for herself, Mr. Hickenlooper, Mr. Bennet, Mr.
Kelly, Ms. Cortez Masto, Mr. Welch, and Mr. Booker) proposed an
amendment to amendment SA 2360 proposed by Mr. Thune (for Mr. Graham)
to the bill H.R. 1, to provide for reconciliation pursuant to title II
of H. Con. Res. 14; as follows:

At the end of subtitle A of title VII, insert the
following:

CHAPTER 7--ADDITIONAL TAX PROVISIONS

SEC. 70701. MAINTAINING PARITY FOR WIND AND SOLAR FACILITIES.

(a) Clean Electricity Production Credit.--Section 45Y, as
amended by subsections (a) and (d) of section 70512 of this
Act, is amended--
(1) in subsection (d), by striking paragraph (4), and
(2) by striking subsection (h).
(b) Clean Electricity Investment Credit.--Section 48E(e),
as amended by subsections (a) and (c)(1) of section 70513 of
this Act, is amended--
(1) in subsection (e), by striking paragraph (4), and
(2) by striking subsection (i).

SEC. 70702. ESTABLISHMENT OF 39.6 PERCENT INDIVIDUAL INCOME
TAX RATE BRACKET.

(a) In General.--Section 1(j)(2) is amended by
redesignating subparagraph (F) as subparagraph (G) and by
inserting after subparagraph (E) the following new
subparagraph:
``(F) 39.6 percent rate bracket.--Notwithstanding
subparagraphs (A) through (E), in prescribing the tables
under this subsection for purposes of paragraph (3)(B)--
``(i) the excess of taxable income over $1,000,000
($1,500,000 in the case of married individuals filing
jointly), if any, shall be taxed at a rate of 39.6 percent,
and
``(ii) paragraph (3)(B)(i) shall be applied with respect to
such dollar amounts described in clause (i) by substituting
`2024' for `2017'.''.
(b) Effective Date.--The amendments made by this section
shall apply to taxable years beginning after December 31,
2025.
______