H.R. 3905

To amend the Internal Revenue Code of 1986 to extend for one year the credit for qualified small wind energy property.

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I

114th CONGRESS

1st Session

H. R. 3905

IN THE HOUSE OF REPRESENTATIVES

November 3, 2015

Mr. Grayson 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 for one year the credit for qualified small wind energy property.

1.

Extension of credit for qualified small wind energy property

(a)

In general

Section 48(c)(4)(C) of the Internal Revenue Code of 1986 is amended by striking December 31, 2016 and inserting December 31, 2017.

(b)

Effective date

The amendments made by this section shall apply to periods after December 31, 2016, in taxable years ending after such date, under rules similar to the rules of section 48(m) of the Internal Revenue Code of 1986 (as in effect on the day before the date of the enactment of Revenue Reconciliation Act of 1990).