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I
116TH CONGRESS
1ST SESSION H. R. 4186
To amend the Internal Revenue Code of 1986 to modify the credit for
electricity produced from certain renewable resources and the investment
credit for certain qualified investment credit facilities.
IN THE HOUSE OF REPRESENTATIVES
AUGUST 13, 2019
Ms. STEFANIK (for herself and Mr. PETERS) 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 modify
the credit for electricity produced from certain renewable
resources and the investment credit for certain qualified
investment credit facilities.
Be it enacted by the Senate and House of Representa-
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tives of the United States of America in Congress assembled,
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SECTION 1. SHORT TITLE.
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This Act may be cited as the ‘‘Renewable Electricity
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Tax Credit Equalization Act’’.
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•HR 4186 IH
SEC. 2. EXTENSION OF CREDIT FOR QUALIFIED INVEST-
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MENT CREDIT FACILITIES.
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(a) IN GENERAL.—Section 48(a)(5)(C)(ii) of the In-
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ternal Revenue Code of 1986 is amended to read as fol-
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lows:
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‘‘(ii) which is placed in service after
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2008 and the construction of which begins
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before January 1, 2018 (January 1, 2020,
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in the case of any facility which is de-
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scribed in paragraph (1) of section 45(d)
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or January 1, 2025, in the case of any fa-
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cility which is described in paragraph (2),
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(3), (4), (6), (7), (9) or (11) of section
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45(d)), and’’.
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(b) EFFECTIVE DATE.—The amendments made by
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this section shall apply to facilities the construction of
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which begins after December 31, 2017.
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SEC. 3. EXTENSION AND MODIFICATION OF PRODUCTION
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CREDITS FOR CERTAIN FACILITIES.
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(a) EXTENSION OF CREDIT.—Paragraphs (2), (3),
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(4), (6), (7), (9), and (11) of section 45(d) of the Internal
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Revenue Code of 1986 are each amended by striking
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‘‘January 1, 2018’’ and inserting ‘‘January 1, 2025’’.
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(b) FULL CREDIT ALLOWED FOR CERTAIN FACILI-
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TIES.—Section 45(b)(4)(A) of such Code is amended by
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inserting ‘‘and the construction of which began before the
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•HR 4186 IH
date of the enactment of the Renewable Electricity Tax
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Credit Equalization Act’’ after ‘‘subsection (d)’’.
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(c) EFFECTIVE DATES.—
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(1) EXTENSION.—The amendments made by
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subsection (a) shall apply to facilities the construc-
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tion of which begins after December 31, 2017.
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(2)
ALLOWANCE
OF
FULL
CREDIT.—The
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amendment made by subsection (b) shall apply to fa-
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cilities the construction of which begins on or after
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the date of the enactment of this Act.
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