H.R. 2502

Renewable Energy Parity Act of 2013

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I

113th CONGRESS

1st Session

H. R. 2502

IN THE HOUSE OF REPRESENTATIVES

June 25, 2013

Mr. Thompson of California introduced the following bill; which was referred to the Committee on Ways and Means

A BILL

To amend the Internal Revenue Code of 1986 to extend the energy credit for certain property under construction.

1.

Short title

This Act may be cited as the Renewable Energy Parity Act of 2013.

2.

Extension of energy credit for certain property under construction

(a)

Solar energy property

Paragraphs (2)(A)(i)(II) and (3)(A)(ii) of section 48(a) of the Internal Revenue Code of 1986 are each amended by striking periods ending and inserting property the construction of which begins.

(b)

Qualified fuel cell property

Section 48(c)(1)(D) of such Code is amended by striking for any period after December 31, 2016 and inserting the construction of which does not begin before January 1, 2017.

(c)

Qualified microturbine property

Section 48(c)(2)(D) of such Code is amended by striking for any period after December 31, 2016 and inserting the construction of which does not begin before January 1, 2017.

(d)

Combined heat and power system property

Section 48(c)(3)(A)(iv) of such Code is amended by striking which is placed in service and inserting construction of which begins.

(e)

Qualified small wind energy property

Section 48(c)(4)(C) of such Code is amended by striking for any period after December 31, 2016 and inserting the construction of which does not begin before January 1, 2017.

(f)

Thermal energy property

Section 48(a)(3)(A)(vii) of such Code is amended by striking periods ending and inserting property the construction of which begins.

(g)

Effective date

The amendments made by this section shall take effect on the date of the enactment of this Act.