[Congressional Bills 106th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1457 Introduced in House (IH)]







106th CONGRESS
  1st Session
                                H. R. 1457

  To amend the Internal Revenue Code of 1986 to extend the credit for 
        producing electricity from certain renewable resources.


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                    IN THE HOUSE OF REPRESENTATIVES

                             April 15, 1999

  Mr. Minge (for himself and Mr. Gilchrest) 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 extend the credit for 
        producing electricity from certain renewable resources.

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

SECTION 1. EXTENSION OF CREDIT FOR PRODUCING ELECTRICITY FROM CERTAIN 
              RENEWABLE RESOURCES.

    (a) Credit for Producing Electricity From Poultry Waste.--Section 
45(c)(1) of the Internal Revenue Code of 1986 (defining qualified 
energy resources) is amended by striking ``and'' at the end of 
subparagraph (A), by striking the period at the end of subparagraph (B) 
and inserting ``, and'', and by adding at the end the following:
                    ``(C) poultry waste.''
    (b) Extension of Placed in Service Date.--Section 45(c)(3) of such 
Code (defining qualified facility) is amended by striking ``1999'' and 
inserting ``2004''.
    (c) Credit Allowed to Operator of Facility in Certain Cases.--
Subsection (d) of section 45 of such Code is amended by adding at the 
end the following new paragraph:
            ``(6) Credit allowed to operator in certain cases.--In the 
        case of a facility which produces electricity exclusively from 
        poultry waste and which is owned by a governmental unit, such 
        facility shall be treated for purposes of this section as owned 
        solely by the operator of such facility. Subsection (b)(3) 
        shall not apply to any facility with respect to which an 
        election under the preceding sentence is in effect.''
    (d) Effective Date.--The amendments made by this section shall 
apply to facilities placed in service after the date of the enactment 
of this Act.
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