[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1401 Introduced in House (IH)]







105th CONGRESS
  1st Session
                                H. R. 1401

    To amend the Internal Revenue Code of 1986 to provide a 5-year 
      extension of the credit for producing electricity from wind.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             April 21, 1997

Mr. Thomas  (for himself, Mr. Matsui, Mr. Nussle, Mr. Ehlers, Ms. Dunn, 
 Mr. Fazio of California, Mr. McDermott, and Mr. Minge) 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 provide a 5-year 
      extension of the credit for producing electricity from wind.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled, 

SECTION 1. 5-YEAR EXTENSION OF CREDIT FOR PRODUCING ELECTRICITY FROM 
              WIND.

    (a) In General.--Paragraph (3) of section 45(c) of the Internal 
Revenue Code of 1986 (defining qualified facility) is amended to read 
as follows:
            ``(3) Qualified facility.--The term `qualified facility' 
        means any facility owned by the taxpayer which is originally 
        placed in service--
                    ``(A) in the case of a facility using wind to 
                produce electricity, after December 31, 1993, and 
                before July 1, 2004, and
                    ``(B) in the case of a facility using closed-loop 
                biomass to produce electricity, after December 31, 
                1992, and before July 1, 1999.''
    (b) Effective Date.--The amendment made by subsection (a) shall 
take effect on the date of the enactment of this Act.
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