To amend the Internal Revenue Code of 1986 to require certain contract terms in contracts relating to wind turbines on land not owned by the taxpayer as a requirement in order to claim the credit relating to electricity produced from certain renewable resources.

I 118TH CONGRESS 1ST SESSION H. R. 4151 To amend the Internal Revenue Code of 1986 to require certain contract terms in contracts relating to wind turbines on land not owned by the taxpayer as a requirement in order to claim the credit relating to electricity produced from certain renewable resources. IN THE HOUSE OF REPRESENTATIVES JUNE 15, 2023 Mr. BUCK (for himself, Ms. HAGEMAN, and Mr. LAMBORN) 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 require certain contract terms in contracts relating to wind tur- bines on land not owned by the taxpayer as a require- ment in order to claim the credit relating to electricity produced from certain renewable resources. Be it enacted by the Senate and House of Representa- 1 tives of the United States of America in Congress assembled, 2 SECTION 1. REQUIRED CONTRACT TERMS RELATING TO 3 WIND FACILITIES. 4 (a) IN GENERAL.—Section 45(d)(1) of the Internal 5 Revenue Code of 1986 is amended by striking ‘‘facility 6 VerDate Sep 11 2014 05:31 Jul 21, 2023 Jkt 039200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H4151.IH H4151 pbinns on DSKJLVW7X2PROD with $$_JOB 2 •HR 4151 IH with respect to which’’ and inserting the following: facil- 1 ity— 2 ‘‘(A) with respect to which any qualified small 3 wind energy property expenditure (as defined in sub- 4 section (d)(4) of section 25D) is taken into account 5 in determining the credit under such section, or 6 ‘‘(B) which is located on real property that is 7 not majority owned by the taxpayer unless the tax- 8 payer has a contractual agreement with the land- 9 owner that requires the taxpayer to remove the facil- 10 ity and any associated equipment after the end of 11 the useful life of such facility.’’. 12 (b) EFFECTIVE DATE.—The amendment made by 13 this section shall apply to facilities placed in service after 14 the date of the enactment of this section. 15 Æ VerDate Sep 11 2014 05:31 Jul 21, 2023 Jkt 039200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\H4151.IH H4151 pbinns on DSKJLVW7X2PROD with $$_JOB