[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5252 Introduced in House (IH)]

111th CONGRESS
  2d Session
                                H. R. 5252

  To amend the American Recovery and Reinvestment Act of 2009 and the 
Internal Revenue Code of 1986 to provide incentives for the development 
                            of solar energy.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                              May 6, 2010

  Mr. Spratt introduced the following bill; which was referred to the 
Committee on Ways and Means, and in addition to the Committee on Energy 
    and Commerce, for a period to be subsequently determined by the 
  Speaker, in each case for consideration of such provisions as fall 
           within the jurisdiction of the committee concerned

_______________________________________________________________________

                                 A BILL


 
  To amend the American Recovery and Reinvestment Act of 2009 and the 
Internal Revenue Code of 1986 to provide incentives for the development 
                            of solar energy.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Renewable Energy Tax Incentives 
Extension Act''.

SEC. 2. EXTENSION OF GRANTS FOR SPECIFIED ENERGY PROPERTY IN LIEU OF 
              TAX CREDITS.

    (a) In General.--Subsection (a) of section 1603 of the American 
Recovery and Reinvestment Tax Act of 2009 is amended--
            (1) in paragraph (1), by striking ``2009 or 2010'' and 
        inserting ``2009, 2010, 2011, or 2012'', and
            (2) in paragraph (2)--
                    (A) by striking ``after 2010'' and inserting 
                ``after 2012'', and
                    (B) by striking ``2009 or 2010'' and inserting 
                ``2009, 2010, 2011, or 2012''.
    (b) Conforming Amendment.--Subsection (j) of section 1603 of such 
Act is amended by striking ``2011'' and inserting ``2013''.

SEC. 3. EXPANSION OF GRANTS FOR SPECIFIED ENERGY PROPERTY IN LIEU OF 
              TAX CREDITS.

    (a) Grants Allowed for Certain Governmental Units.--Paragraph (1) 
of section 1603(g) of the American Recovery and Reinvestment Tax Act of 
2009 is amended by inserting ``other than a State utility with a 
service obligation (as such terms are defined in section 217 of the 
Federal Power Act),'' after ``thereof),''.
    (b) Grants Allowed for Public Power.--Paragraph (3) of section 
1603(g) of such Act is amended by striking ``paragraph (4) of section 
54(j)'' and inserting ``subparagraph (A) or (B) of section 54(j)(4)''.
    (c) No Grants for Property for Which Crebs Have Been Issued.--
Section 1603 of such Act, as amended by section 2, is amended by 
redesignating subsections (h), (i), and (j) as subsections (i), (j), 
and (k), respectively, and by inserting after subsection (g) the 
following new subsection:
    ``(h) Exception for Certain Projects.--The Secretary of the 
Treasury shall not make any grant under this section to any 
governmental unit with respect to any specified energy property 
described in subsection (d)(1) if such entity has issued any bond--
            ``(1) which is designated as a clean renewable energy bond 
        under section 54 of the Internal Revenue Code of 1986 or as a 
        new clean renewable energy bond under section 54C of such Code, 
        and
            ``(2) the proceeds of which are used for expenditures in 
        connection with the same qualified facility with respect to 
        which such specified energy property is a part.''.
    (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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