[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[S. 1030 Introduced in Senate (IS)]

111th CONGRESS
  1st Session
                                S. 1030

 To amend the Internal Revenue Code of 1986 to eliminate the reduction 
 in the credit rate for certain facilities producing electricity from 
                          renewable resources.


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                   IN THE SENATE OF THE UNITED STATES

                              May 13, 2009

  Mrs. Lincoln (for herself and Ms. Collins) introduced the following 
  bill; which was read twice and referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL


 
 To amend the Internal Revenue Code of 1986 to eliminate the reduction 
 in the credit rate for certain facilities producing electricity from 
                          renewable resources.

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

SECTION 1. ELIMINATION OF REDUCED CREDIT RATE FOR PRODUCTION OF 
              ELECTRICITY FROM CERTAIN FACILITIES.

    Subparagraph (A) of section 45(b)(4) of the Internal Revenue Code 
of 1986 is amended by adding at the end the following new sentence: 
``The preceding sentence shall not apply to electricity produced and 
sold after the date of the enactment of this sentence.''.
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