1.This Act may be cited as the
Renewable Energy, Fuel Reduction, and
Economic Stabilization and EnHancement Act of 2007
or the
REFRESH
Act
.
<enum>I</enum><header display-inline="yes-display-inline">Renewable energy incentives</header>
<section commented="no" display-inline="no-display-inline" id="id40BF68274CE1463384D9AF88198BA7ED" section-type="subsequent-section"><enum>101.</enum><header display-inline="yes-display-inline">Geothermal power</header>
<subsection commented="no" display-inline="no-display-inline" id="idE6F51D9BBBB64DC185E31C12F71F5E2C"><enum>(a)</enum><header display-inline="yes-display-inline">In general</header><text display-inline="yes-display-inline">The Secretary of Energy, acting through the
Office of Energy Efficiency and Renewable Energy (referred to in this title as
the <quote>Secretary</quote>), shall make grants to eligible entities (as
determined by the Secretary) to promote geothermal power development, including
high- and low-temperature geothermal power development.</text>
</subsection><subsection commented="no" display-inline="no-display-inline" id="id893A0D9F503F4FDBA77596E56FF1AACD"><enum>(b)</enum><header display-inline="yes-display-inline">Authorization of
appropriations</header><text display-inline="yes-display-inline">There is
authorized to be appropriated to carry out this section $100,000,000.</text>
</subsection></section><section commented="no" display-inline="no-display-inline" id="id66BF3EA64D4D4D4D8220D0956569D786" section-type="subsequent-section"><enum>102.</enum><header display-inline="yes-display-inline">Ocean energy</header>
<subsection commented="no" display-inline="no-display-inline" id="id905C3E21B66C4BEC8B348A94A612563A"><enum>(a)</enum><header display-inline="yes-display-inline">In general</header><text display-inline="yes-display-inline">The Secretary shall make grants to eligible
entities (as determined by the Secretary) to develop all forms of ocean energy
(including wave, current, tidal, and thermal energy).</text>
</subsection><subsection commented="no" display-inline="no-display-inline" id="id3FB9FFBBCEDC4F8BBD6D157EC0E8EE89"><enum>(b)</enum><header display-inline="yes-display-inline">Authorization of
appropriations</header><text display-inline="yes-display-inline">There is
authorized to be appropriated to carry out this section $100,000,000.</text>
</subsection></section><section commented="no" display-inline="no-display-inline" id="id7C0777B47C0144A7967CBFD094F99E57" section-type="subsequent-section"><enum>103.</enum><header display-inline="yes-display-inline">Plug-in hybrid electric-combustion engine
vehicles</header>
<subsection commented="no" display-inline="no-display-inline" id="idCF53C7BB971E4DBF8A08CFCECB5440C9"><enum>(a)</enum><header display-inline="yes-display-inline">In general</header><text display-inline="yes-display-inline">The Secretary shall make grants to eligible
entities (as determined by the Secretary) to assist in the development of new
technology (including storage batteries or other forms of technology) to assist
automobile manufactures in the production of plug-in hybrid electric-combustion
engine vehicles.</text>
</subsection><subsection commented="no" display-inline="no-display-inline" id="id53EBD81BC9F54076BB904D00BC04A4A8"><enum>(b)</enum><header display-inline="yes-display-inline">Authorization of
appropriations</header><text display-inline="yes-display-inline">There is
authorized to be appropriated to carry out this section $100,000,000.</text>
</subsection></section><enum>II</enum><header display-inline="yes-display-inline">Fuel efficiency standards</header>
<section commented="no" display-inline="no-display-inline" id="idEA3011301448416E9F357413B328BF04" section-type="subsequent-section"><enum>201.</enum><header display-inline="yes-display-inline">Truth in testing of CAFE standards</header>
<subsection commented="no" display-inline="no-display-inline" id="idAF5E3420257E4C47924093261433724C"><enum>(a)</enum><header display-inline="yes-display-inline">Testing and calculation procedures</header>
<paragraph commented="no" display-inline="no-display-inline" id="id71D0DDB405D04C5493A36F9B41C5D197"><enum>(1)</enum><header display-inline="yes-display-inline">In general</header><text display-inline="yes-display-inline">Section 32904(c) of title 49, United States
Code, is amended by striking <quote>However, except under section 32908 of this
title, the Administrator shall use the same procedures for passenger
automobiles the Administrator used for model year 1975 (weighted 55 percent
urban cycle and 45 percent highway cycle),</quote> and insert <quote>In
measuring fuel economy under this subsection, the Administrator shall use the
procedures described in the final rule relating to fuel economy labeling
published in the Federal Register on December 27, 2006 (71 Fed. Reg. 77,872; to
be codified at 40 C.F.R. parts 86 and 600)</quote>.</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="id25F7FB1DDAC84F009C0C1E159028FD49"><enum>(2)</enum><header display-inline="yes-display-inline">Effective
date</header><text display-inline="yes-display-inline">Paragraph (1) shall take
effect on the date that is 5 years after the date of the enactment of this Act
and shall apply to passenger automobiles manufactured after such date.</text>
</paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="id4A0B6F32EE614B8781800D3242F9C6EA"><enum>(b)</enum><header display-inline="yes-display-inline">Study and report</header>
<paragraph commented="no" display-inline="no-display-inline" id="idBC07C88FD6214EA48B41FB126AE588CF"><enum>(1)</enum><header display-inline="yes-display-inline">Study</header><text display-inline="yes-display-inline">The Administrator of the National Highway
Traffic Safety Administration shall conduct a study of the anticipated economic
impacts and fuel saving benefits that would result from a requirement that all
vehicles manufactured for sale in the United States with a gross vehicle weight
of not less than 10,000 pounds meet specific average fuel economy
standards.</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="idFE5C345241BE463C804095590D86E9C5"><enum>(2)</enum><header display-inline="yes-display-inline">Report</header><text display-inline="yes-display-inline">Not later than 2 years after the date of
the enactment of this Act, the Administrator shall submit a report to Congress
that includes—</text>
<subparagraph commented="no" display-inline="no-display-inline" id="id151FBB1AEE7C4AE382679BAF7489C081"><enum>(A)</enum><text display-inline="yes-display-inline">the results of the study conducted under
paragraph (1); and</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id11282871E29541119A5D7A13A2BC8DF9"><enum>(B)</enum><text display-inline="yes-display-inline">a recommendation on whether the vehicles
described in paragraph (1) should be subject to average fuel economy
standards.</text>
</subparagraph></paragraph></subsection></section><section commented="no" display-inline="no-display-inline" id="id992141E628D540F5A0FBC63CC8534D84" section-type="subsequent-section"><enum>202.</enum><header display-inline="yes-display-inline">Tire resistance standards</header><text display-inline="no-display-inline">Section 30123 of title 49, United States
Code, is amended by adding at the end the following:</text>
<quoted-block display-inline="no-display-inline" id="idFE38D62DC9E34AF182AD800213ED7297" style="OLC">
<subsection commented="no" display-inline="no-display-inline" id="id4D5F8FDAFDC94B66B40E00243F0868A2"><enum>(d)</enum><header display-inline="yes-display-inline">Low rolling resistance tires</header><text display-inline="yes-display-inline">Not later than 5 years after the date of
the enactment of this subsection, all passenger automobile tires sold in the
United States shall meet the low rolling resistance standards prescribed by the
Administrator of the National Highway Traffic Safety
Administration.</text>
</subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</section><section commented="no" display-inline="no-display-inline" id="idDE82A99A41FE4E22B93D0FEA63A4656C" section-type="subsequent-section"><enum>203.</enum><header display-inline="yes-display-inline">Traffic reduction grants</header>
<subsection commented="no" display-inline="no-display-inline" id="id787F910B1BB3434D93B3652CB5F92179"><enum>(a)</enum><header display-inline="yes-display-inline">In general</header><text display-inline="yes-display-inline">The Secretary of Transportation may award
grants to States to develop telecommuting and flexible work scheduling
incentives that will reduce traffic congestion in urban areas.</text>
</subsection><subsection commented="no" display-inline="no-display-inline" id="idEDD8BADF788544089629F3CBF043C03B"><enum>(b)</enum><header display-inline="yes-display-inline">Authorization of
appropriations</header><text display-inline="yes-display-inline">There are
authorized to be appropriated $50,000,000 for fiscal year 2008 to carry out the
grant program established under this section. Any sums appropriated pursuant to
this subsection shall remain available until expended.</text>
</subsection></section><enum>III</enum><header display-inline="yes-display-inline">Tax credits</header>
<section commented="no" display-inline="no-display-inline" id="idB39A57A39D0D4AF0939CE0C1CA37107F" section-type="subsequent-section"><enum>301.</enum><header display-inline="yes-display-inline">Expansion of credit for production of
energy from certain renewable resources</header>
<subsection commented="no" display-inline="no-display-inline" id="idCEB8D6C5FBFC45CEAF5022DB9AB23F17"><enum>(a)</enum><header display-inline="yes-display-inline">Expansion of resources to wave, current,
tidal, and ocean thermal energy</header>
<paragraph commented="no" display-inline="no-display-inline" id="id805A60D966664A32BFF6D7FCD615E4E6"><enum>(1)</enum><header display-inline="yes-display-inline">In general</header><text display-inline="yes-display-inline">Section 45(c)(1) of the Internal Revenue
Code of 1986 (defining qualified energy resources) is amended by striking
<quote>and</quote> at the end of subparagraph (G), by striking the period at
the end of subparagraph (H) and inserting <quote>, and</quote>, and by adding
at the end the following new subparagraph:</text>
<quoted-block display-inline="no-display-inline" id="id7E737509B2844F83B08AE60A51BABFC9" style="OLC">
<subparagraph commented="no" display-inline="no-display-inline" id="id25B4EDCC3EFD449692861ABF4900310D"><enum>(I)</enum><text display-inline="yes-display-inline">wave, current, tidal, and ocean thermal
energy.</text>
</subparagraph><after-quoted-block></after-quoted-block></quoted-block>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="idA78FA4916FEE4C579E22CDE5127C988E"><enum>(2)</enum><header display-inline="yes-display-inline">Definition of resources</header><text display-inline="yes-display-inline">Section 45(c) of the Internal Revenue Code
of 1986 is amended by adding at the end the following new paragraph:</text>
<quoted-block display-inline="no-display-inline" id="idBE79C3E3590643D5978D9DF1C47BEBED" style="OLC">
<paragraph commented="no" display-inline="no-display-inline" id="id10DD8F55D61A44CBB70B1ECF839A083A"><enum>(10)</enum><header display-inline="yes-display-inline">Wave, current, tidal, and ocean thermal
energy</header><text display-inline="yes-display-inline">The term <term>wave,
current, tidal, and ocean thermal energy</term> means electricity produced from
any of the following:</text>
<subparagraph commented="no" display-inline="no-display-inline" id="idD9BB7A024AA14FFABB0E49F2B691367E"><enum>(A)</enum><text display-inline="yes-display-inline">Free flowing ocean water derived from tidal
currents, ocean currents, waves, or estuary currents.</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id70E6225131B549C0B8EDA7A5C50AECE5"><enum>(B)</enum><text display-inline="yes-display-inline">Ocean thermal energy.</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id16655C81A7C14D5FB3ACD4102CF23EB5"><enum>(C)</enum><text display-inline="yes-display-inline">Free flowing water in rivers, lakes, man
made channels, or streams.</text>
</subparagraph></paragraph><after-quoted-block></after-quoted-block></quoted-block>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="id27351543395045A4A9AFE8D9C553C54F"><enum>(3)</enum><header display-inline="yes-display-inline">Facilities</header><text display-inline="yes-display-inline">Section 45(d) of the Internal Revenue Code
of 1986 is amended by adding at the end the following new paragraph:</text>
<quoted-block display-inline="no-display-inline" id="id0212313A5ED8434FB721D06FAF648E7D" style="OLC">
<paragraph commented="no" display-inline="no-display-inline" id="id95B845AD0C1E470C8D67A965669725D3"><enum>(11)</enum><header display-inline="yes-display-inline">Wave, current, tidal, and ocean thermal
facility</header><text display-inline="yes-display-inline">In the case of a
facility using resources described in clause (i), (ii), or (iii) of subsection
(c)(10)(A) to produce electricity, the term <term>qualified facility</term>
means any facility owned by the taxpayer which is originally placed in service
after the date of the enactment of this paragraph and before January 1, 2009,
but such term shall not include a facility which includes impoundment
structures or a small irrigation power
facility.</text>
</paragraph><after-quoted-block></after-quoted-block></quoted-block>
</paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="id4D934CC94EB2482692E6D907F813310E"><enum>(b)</enum><header display-inline="yes-display-inline">Expansion of small irrigation
power</header><text display-inline="yes-display-inline">Paragraph (5) of
section 45(c) of the Internal Revenue Code of 1986 is amended to read as
follows:</text>
<quoted-block display-inline="no-display-inline" id="id9BFB6D4A67B04C6D85D11D32CBDC78B2" style="OLC">
<paragraph commented="no" display-inline="no-display-inline" id="id9F433565EDB34253BDC372AF5580D381"><enum>(5)</enum><header display-inline="yes-display-inline">Small irrigation power</header><text display-inline="yes-display-inline">The term <term>small irrigation
power</term> means power—</text>
<subparagraph commented="no" display-inline="no-display-inline" id="id46AB2C5C7C3040CABBFBC0C8B50F9D1F"><enum>(A)</enum><text display-inline="yes-display-inline">generated without any dam or impoundment of
water through—</text>
<clause commented="no" display-inline="no-display-inline" id="id5FB0931491CE44239D0E5E4339715EE4"><enum>(i)</enum><text display-inline="yes-display-inline">through an irrigation system canal or
ditch, or</text>
</clause><clause commented="no" display-inline="no-display-inline" id="idD08BA07F13B44E4191F1FA9DFEDAC619"><enum>(ii)</enum><text display-inline="yes-display-inline">utilizing lake taps, perched alpine lakes,
or run-of-river with diversion, and</text>
</clause></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id909C59DB46BD4C378C8E54C1DAB508C4"><enum>(B)</enum><text display-inline="yes-display-inline">the nameplate capacity rating of which is
less than 15
megawatts.</text>
</subparagraph></paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection commented="no" display-inline="no-display-inline" id="id1450D3469B6D49AF859A47C86ED5EE0B"><enum>(c)</enum><header display-inline="yes-display-inline">Effective
date</header><text display-inline="yes-display-inline">The amendments made by
this section shall apply to electricity produced in taxable years ending after
the date of the enactment of this Act.</text>
</subsection></section><section commented="no" display-inline="no-display-inline" id="id6B01F0E86391459ABB255C35DA391386" section-type="subsequent-section"><enum>302.</enum><header display-inline="yes-display-inline">Extension and modification of new qualified
hybrid motor vehicle credit for plug-in hybrids</header>
<subsection commented="no" display-inline="no-display-inline" id="id51E1704DD7A24EFF819C9250A84C6062"><enum>(a)</enum><header display-inline="yes-display-inline">Extension</header>
<paragraph commented="no" display-inline="no-display-inline" id="idB4C487B004E84F91B2680087315FE59E"><enum>(1)</enum><header display-inline="yes-display-inline">New qualified hybrid passenger automobiles
and light trucks</header><text display-inline="yes-display-inline">Paragraph
(2) of section 30B(j) of the Internal Revenue Code of 1986 is amended by
inserting <quote>(December 31, 2012, in the case of a new qualified hybrid
motor vehicle which is recharged by means of an off board device)</quote> after
<quote>December 31, 2010</quote>.</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="idD871A78616C04939A7900238C8CBDA73"><enum>(2)</enum><header display-inline="yes-display-inline">Other qualified hybrid motor
vehicles</header><text display-inline="yes-display-inline">Paragraph (3) of
section 30B(j) of the Internal Revenue Code of 1986 is amended by inserting
<quote>(December 31, 2012, in the case of a new qualified hybrid motor vehicle
which is recharged by means of an off board device)</quote> after
<quote>December 31, 2009</quote>.</text>
</paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="idA0085D9741234C819866DAB93552EA05"><enum>(b)</enum><header display-inline="yes-display-inline">Elimination of limitation on number of new
qualified hybrid and advanced lean burn technology vehicles eligible for full
alternative motor vehicle tax credit</header>
<paragraph commented="no" display-inline="no-display-inline" id="idCDC75030872448A1BE013C2708645CBF"><enum>(1)</enum><header display-inline="yes-display-inline">In general</header><text display-inline="yes-display-inline">Section 30B of the Internal Revenue Code of
1986 is amended—</text>
<subparagraph commented="no" display-inline="no-display-inline" id="id3D600D0867E947BD8E38E2B8C57501AB"><enum>(A)</enum><text display-inline="yes-display-inline">by striking subsection (f); and</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="idCF0E8048E54847B3AB911C6D1C3AACE2"><enum>(B)</enum><text display-inline="yes-display-inline">by redesignating subsections (g) through
(j), as amended by subsection (a), as subsections (f) through (i),
respectively.</text>
</subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id599931A7F5C04B379B8022DDE506A551"><enum>(2)</enum><header display-inline="yes-display-inline">Conforming amendments</header>
<subparagraph commented="no" display-inline="no-display-inline" id="idD253C4E6E0214503BD10A32F21AF1349"><enum>(A)</enum><text display-inline="yes-display-inline">Paragraphs (4) and (6) of section 30B(g) of
such Code, as redesignated by paragraph (1)(B), are each amended by striking
<quote>(determined without regard to subsection (g))</quote> and inserting
<quote>(determined without regard to subsection (f))</quote>.</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id867FD79BE57F4C6CB5E72BA78A9AD0A4"><enum>(B)</enum><text display-inline="yes-display-inline">Section 38(b)(25) of such Code is amended
by striking <quote>section 30B(g)(1)</quote> and inserting <quote>section
30B(f)(1)</quote>.</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="idE87FC752794A4FBDA1E3920FE6DA0929"><enum>(C)</enum><text display-inline="yes-display-inline">Section 55(c)(2) of such Code is amended by
striking <quote>section 30B(g)(2)</quote> and inserting <quote>section
30B(f)(2)</quote>.</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="idB92F69ECC00F4F24B4C03061107F923D"><enum>(D)</enum><text display-inline="yes-display-inline">Section 1016(a)(36) of such Code is amended
by striking <quote>section 30B(h)(4)</quote> and inserting <quote>section
30B(g)(4)</quote>.</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id0286963C8D494AE38A499ACCF459915D"><enum>(E)</enum><text display-inline="yes-display-inline">Section 6501(m) of such Code is amended by
striking <quote>section 30B(h)(9)</quote> and inserting <quote>section
30B(g)(9)</quote>.</text>
</subparagraph></paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="idF344425F0DF64D34837BA767A800E73A"><enum>(c)</enum><header display-inline="yes-display-inline">Effective
date</header><text display-inline="yes-display-inline">The amendments made by
this section shall apply to property placed in service after December 31, 2005,
in taxable years ending after such date.</text>
</subsection></section>