II
111th CONGRESS
1st Session
S. 922
IN THE SENATE OF THE UNITED STATES
April 29, 2009
Ms. Murkowski introduced the following bill; which was read twice and referred to the Committee on Finance
A BILL
To amend the Internal Revenue Code of 1986 to modify the
term 5-year property
.
5-year accelerated depreciation period for equipment which produces electricity from marine renewables
In general
Subclause (III) of section 168(e)(3)(B)(vi) of the Internal Revenue Code of 1986 is amended to read as follows:
is described in section 45(d)(11) (without regard to any placed in service date) and converts marine and hydrokinetic renewable energy (as defined in section 45(c)(10)) into useable energy, and
.
Effective date
The amendment made by this section shall apply to property placed in service after the date of the enactment of this Act.