S. 2201

American Energy and Job Promotion Act

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II

112th CONGRESS

2d Session

S. 2201

IN THE SENATE OF THE UNITED STATES

March 15, 2012

Mr. Grassley (for himself, Mr. Udall of Colorado, Mr. Brown of Massachusetts, Mr. Harkin, Mr. Heller, Mr. Wyden, and Mr. Bennet) 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 extend the renewable energy credit.

1.

Short title

This Act may be cited as the American Energy and Job Promotion Act.

2.

Extension of renewable energy credit

(a)

Wind

Paragraph (1) of section 45(d) of the Internal Revenue Code of 1986 is amended by striking January 1, 2013 and inserting January 1, 2015.

(b)

Biomass, geothermal, landfill gas, trash, hydropower, and marine and hydrokinetic

Each of the following provisions of section 45(d) of the Internal Revenue Code of 1986 is amended by striking January 1, 2014 and inserting January 1, 2015:

(1)

Clauses (i) and (ii) of paragraph (2)(A).

(2)

Clauses (i)(I) and (ii) of paragraph (3)(A).

(3)

Paragraph (4).

(4)

Paragraph (6).

(5)

Paragraph (7).

(6)

Subparagraphs (A) and (B) of paragraph (9).

(7)

Subparagraph (B) of paragraph (11).