113 S2003 IS: Renewable Energy Parity Act of 2014 U.S. Senate 2014-02-06 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

II113th CONGRESS2d SessionS. 2003IN THE SENATE OF THE UNITED STATESFebruary 6, 2014Mr. Bennet (for himself and Mr. Heller) introduced the following bill; which was read twice and referred to the Committee on FinanceA BILLTo 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 2014.

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.