[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5952 Introduced in House (IH)]

111th CONGRESS
  2d Session
                                H. R. 5952

   To amend the Internal Revenue Code of 1986 to allow a credit for 
        installation of composite, recyclable power line poles.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             July 29, 2010

Mr. Davis of Illinois 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 allow a credit for 
        installation of composite, recyclable power line poles.

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

SECTION 1. ADVANCED MANUFACTURING CREDIT FOR PROPERTY WHICH PRODUCES 
              COMPOSITE, RECYCLABLE POWER LINE POLES.

    (a) In General.--Clause (i) of section 48C(c)(1)(A) of the Internal 
Revenue Code of 1986 is amended by striking ``or'' at the end of 
subclause (VI), by redesignating subclause (VII) as subclause (VIII), 
and by inserting after subclause (VI) the following new subclause:
                                    ``(VII) utility poles or supports 
                                made from composite materials which are 
                                comprised of at least 15 percent 
                                recycled materials and are fully 
                                recyclable,''.
    (b) Effective Date.--The amendments made by this section shall 
apply to periods after the date of the enactment of this Act, under 
rules similar to the rules of section 48(m) of the Internal Revenue 
Code of 1986 (as in effect on the day before the date of the enactment 
of the Revenue Reconciliation Act of 1990).

SEC. 2. BUSINESS CREDIT FOR COMPOSITE, RECYCLABLE POWER LINE POLES.

    (a) In General.--Subpart D of part IV of subchapter A of chapter 1 
of the Internal Revenue Code of 1986 (relating to business related 
credits) is amended by adding at the end the following new section:

``SEC. 45R. ELECTRICITY TRANSMISSION COMPOSITE POLE PROPERTY.

    ``(a) In General.--For purposes of section 38, the amount of the 
electricity transmission composite pole property credit determined 
under this section for any taxable year is an amount equal to 30 
percent of the basis of the qualified composite poles placed in service 
during the taxable year.
    ``(b) Qualified Composite Pole.--For purposes of this section--
            ``(1) In general.--The term `qualified composite pole' 
        means any pole--
                    ``(A) which is placed in service after December 31, 
                2010, and before January 1, 2016,
                    ``(B) which is used to support one or more wires 
                for use in connection with the transmission or 
                distribution of electricity,
                    ``(C) which is comprised of not more than 85 
                percent virgin materials, and
                    ``(D) not less than 90 percent of which can be 
                recycled (within the meaning of section 168(m)(3)(C)) 
                at the end of its useful life.
            ``(2) Exceptions.--Such term shall not include any property 
        that is conductive or that contains arsenic, arsenicals, 
        creosote, pentachlorophenol, copper napthenate.
    ``(c) Denial of Double Benefit.--For purposes of this subtitle, if 
a credit is determined under subsection (a) with respect to any 
property, the basis of such property shall be reduced by the amount of 
the credit so determined.''.
    (b) Clerical Amendment.--The table of sections for subpart D of 
part IV of subchapter A of chapter 1 of such Code is amended by adding 
at the end the following new item:

``Sec. 45R. Electricity transmission composite pole property.''.
    (c) Credit Made Part of General Business Credit.--Subsection (b) of 
section 38 of such Code is amended by striking ``plus'' at the end of 
paragraph (34), by striking the period at the end of paragraph (35) and 
inserting ``, plus'', and by adding at th end the following new 
paragraph:
            ``(36) the electricity transmission composite pole property 
        credit determined under section 45R(a).''.
    (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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