[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2902 Introduced in House (IH)]







105th CONGRESS
  1st Session
                                H. R. 2902

 To amend the Internal Revenue Code of 1986 to apply the energy credit 
                        to small wind turbines.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            November 7, 1997

 Mr. McDermott (for himself, Mr. Bartlett of Maryland, Mr.  Klug, Mrs. 
   Thurman, Mrs. Tauscher, Mr. Miller of California, and Mr. Waxman) 
 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 apply the energy credit 
                        to small wind turbines.

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

SECTION 1. ENERGY CREDIT FOR SMALL WIND TURBINES.

    (a) In General.--Subparagraph (A) of section 48(a)(3) of the 
Internal Revenue Code of 1986 (relating to energy credit; reforestation 
credit) is amended by striking ``or'' at the end of clause (i), by 
adding ``or'' at the end of clause (ii), and by adding at the end the 
following new clause:
                            ``(iii) wind energy systems equipment with 
                        a turbine size of not more than 50 kilowatts 
                        rated capacity,''
    (b) Increased Percentage Applicable to Small Wind Turbines.--
Subparagraph (A) of section 48(a)(2) of such Code (relating to energy 
percentage) is amended by inserting ``(30 percent in the case of energy 
property described in paragraph (3)(A)(iii))'' before the period.
    (c) No Double Benefit.--Paragraph (3) of section 48(a) of such Code 
is amended by adding at the end the following new sentence: ``Such term 
shall not include equipment described in subparagraph (A)(iii) which is 
taken into account for purposes of section 45 for the taxable year.''
    (d) Effective Date.--The amendments made by this section shall 
apply to property placed in service after the date of the enactment of 
this Act.
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