1.
(a)This Act may be cited
as the Clean Energy Stimulus and
Investment Assurance Act of 2009
.
(b)Except as otherwise expressly provided, whenever in
this Act an amendment or repeal is expressed in terms of an amendment to, or
repeal of, a section or other provision, the reference shall be considered to
be made to a section or other provision of the Internal Revenue Code fo
1986.
(c)The table of contents for this Act is as follows:
Sec. 1. Short title;
etc.
TITLE I—Creating High-Wage Green Collar Jobs
Sec. 101. Alternative energy equipment manufacturing project
credit.
Sec. 102. Fund Green Jobs Act.
TITLE II—Revitalizing our Nation’s Electricity Grid
Sec. 201. Smart grid research and development
program.
Sec. 202. Smart grid regional demonstration
initiative.
Sec. 203. Smart grid Federal matching fund.
Sec. 204. Recovery period for depreciation of smart meters and
smart grid systems.
Sec. 205. Bonneville Power Administration.
TITLE III—Ensuring clean energy deployment
Sec. 301. Shift in carryback and carryforward of unused general
business credits.
Sec. 302. Extension and modification of renewable electricity
production credit.
Sec. 303. Expansion and extension of new clean renewable energy
bonds.
Sec. 304. 30-year contracts for Federal purchases of
electricity generated by renewable energy.
TITLE IV—Reducing foreign oil dependence
Sec. 401. Incentives for manufacturing facilities producing
plug-in electric drive motor vehicle and components.
Sec. 402. Consumer incentives for plug-in electric drive motor
vehicles.
Sec. 403. Transportation sector electrification
programs.
Sec. 404. Energy storage competitiveness.
Sec. 405. Advanced battery manufacturing.
Sec. 406. Extension of credits for biodiesel and renewable
diesel.
Sec. 407. Expansion and extension of electric and alternative
fuel vehicle refueling property credit.
TITLE V—Energy efficiency investments
Sec. 501. Modification of credit for residential energy
efficient property.
Sec. 502. Business credit for qualified energy storage air
conditioner property.
Sec. 503. Extension and modification of new energy efficient
home credit.
Sec. 504. Extension and modification of deduction for energy
efficient commercial buildings.
Sec. 505. Extension and modification of nonbusiness energy
property.
Sec. 506. Tax credits for green roofs.
Sec. 507. Repeal of certain limitations on credit for renewable
energy property.
Sec. 508. Energy efficient appliance rebate program and Energy
Star.
<enum>I</enum><header>Creating
High-Wage Green Collar Jobs</header>
<section id="ID00E8B8E37CAC488D939749A14AC5FE5E"><enum>101.</enum><header>Alternative
energy equipment manufacturing project credit</header>
<subsection id="ID5D8DEB6CB74F4CD3AFF04E9703DBD13E"><enum>(a)</enum><header>In
general</header><text>Section 46 (relating to amount of credit) is amended by
striking <quote>and</quote> at the end of paragraph (3), by striking the period
at the end of paragraph (4), and by adding at the end the following new
paragraph:</text>
<quoted-block id="ID656BF78FB8A64EA3B8DDE0ED47EFA5A0">
<paragraph id="ID8FCF08D4C6004C04AE42231463933AB5"><enum>(5)</enum><text>the alternative
energy equipment manufacturing project
credit.</text>
</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="IDB01ABF716E8348A8AF52742953EC2A99"><enum>(b)</enum><header>Amount of
credit</header><text>Subpart E of part IV of subchapter A of chapter 1
(relating to rules for computing investment credit) is amended by inserting
after section 48B the following new section:</text>
<quoted-block display-inline="no-display-inline" id="ID774EA8C490A04E68A5EEAABDF02947F9" style="OLC">
<section id="IDCC938B03967C47419EBACE217DEBADD4"><enum>48C.</enum><header>Alternative
energy equipment manufacturing project credit</header>
<subsection id="ID60D058F6354549BA9B473474DE7CEF00"><enum>(a)</enum><header>In
general</header><text>For purposes of section 46, the alternative energy
equipment manufacturing project credit for any taxable year is an amount equal
to 30 percent of the qualified investment for such taxable year with respect to
any alternative energy equipment manufacturing project of the taxpayer.</text>
</subsection><subsection id="ID388F14B4DB074F61BBB9A932195A4BFC"><enum>(b)</enum><header>Qualified
investment</header>
<paragraph id="idA97C39CF02504C73B1A0CE15397CD80B"><enum>(1)</enum><header>In
general</header><text>For purposes of subsection (a), the qualified investment
for any taxable year is the basis of eligible property placed in service by the
taxpayer during such taxable year which is part of an alternative energy
equipment manufacturing project—</text>
<subparagraph id="idEE7E43D8AE114159A0A2B942F0DE351C"><enum>(A)</enum><clause commented="no" display-inline="yes-display-inline" id="id53EA0967053443CD89315E096D34124D"><enum>(i)</enum><text>the construction,
reconstruction, or erection of which is completed by the taxpayer after October
31, 2008, or</text>
</clause><clause id="id4A979DF07301400FB8A210DB7FE78A71" indent="up1"><enum>(ii)</enum><text>which is acquired by the taxpayer
if the original use of such property commences with the taxpayer after October
31, 2008,</text>
</clause></subparagraph><subparagraph id="id623F1E856FAB4187A64F9851C750C811"><enum>(B)</enum><text>with respect to
which depreciation (or amortization in lieu of depreciation) is
allowable.</text>
</subparagraph></paragraph><paragraph id="ID08372cd0a3bc48bebb2253597b06a960"><enum>(2)</enum><header>Special rule
for dual use property</header><text>In the case of any eligible property which
is used to produce both property described in subsection (c)(1)(A) and other
property which is property so described, the amount of qualified investment
taken into account under subsection (a) shall be reduced by an amount equal
to—</text>
<subparagraph id="IDeb8955d092a9479c8079037b679faea1"><enum>(A)</enum><text>the total amount
of such qualified investment (determined before the application of this
paragraph), multiplied by</text>
</subparagraph><subparagraph id="IDc3e86b6823ee45aa8386f5d49552d1fd"><enum>(B)</enum><text>the percentage of
property expected to be produced which is not property so described.</text>
</subparagraph></paragraph><paragraph id="ID205B59C1B92E4E1FAAD4E5D2559117AE"><enum>(3)</enum><header>Certain
qualified progress expenditures rules made applicable</header><text>Rules
similar to the rules of subsections (c)(4) and (d) of section 46 (as in effect
on the day before the enactment of the Revenue Reconciliation Act of 1990)
shall apply for purposes of this section.</text>
</paragraph></subsection><subsection id="ID8D2F4062C5FB460695B7EF513EC6E1BB"><enum>(c)</enum><header>Definitions</header>
<paragraph id="idC27F4F2115A447338790DE46DF9CC085"><enum>(1)</enum><header>Alternative
energy equipment manufacturing project</header><text>The term <term>alternative
energy equipment manufacturing project</term> means a project—</text>
<subparagraph id="id30E874131A664BBF84E060EB17446783"><enum>(A)</enum><text>which re-equips,
expands, or establishes an eligible manufacturing facility for the production
of property which is—</text>
<clause id="IDf414728c5b494c7d9e1bedc931f0df19"><enum>(i)</enum><text>designed to be
used to produce energy from the sun, wind, geothermal deposits (within the
meaning of section 613(e)(2)), fuel cells, or microturbines,</text>
</clause><clause id="ID7f27c4b8bf5842bb89a8a763ad11e7ba"><enum>(ii)</enum><text>any battery,
electric motor or generator, or power control unit which is designed
specifically for use in a new qualified plug-in electric drive motor vehicle
(as defined by section 30D(c)),</text>
</clause><clause id="id8B64E8D8841E4C22A1097034255D31AA"><enum>(iii)</enum><text>electricity
generation, transmission, or distribution infrastructure or equipment directly
related to enabling smart grid functions (as defined in section 1306(d) of
Energy Independence and Security Act of 2007), or,</text>
</clause><clause id="IDe140184916524d87b8fdb30f35c6b22c"><enum>(iv)</enum><text>otherwise
approved by the Secretary, in consultation with the Secretary of Energy, as
property designed to be used in the production of energy from alternative
sources,</text>
</clause></subparagraph><subparagraph id="id53976824F2014499B82130DA6D2EC69D"><enum>(B)</enum><text>any portion of
the qualified investment of which is certified under the qualifying advanced
energy project program as eligible for a credit under this section.</text>
</subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id279CB0741E2B40A1ACA44C1E221B3DE2"><enum>(2)</enum><header>Eligible
property</header><text>The term <term>eligible property</term> means any
property which is part of a qualifying advanced energy project and is necessary
for the production of property described in paragraph (1)(A).</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="id468B0F73EA5F43ADA0AA3FFD33DC55FC"><enum>(3)</enum><header>Eligible
manufacturing facility</header><text>The term <term>eligible manufacturing
facility</term> means any manufacturing facility for which more than 50 percent
of the gross receipts for the taxable year are derived from sales of eligible
property.</text>
</paragraph></subsection><subsection id="IDB52D696DBB8D45A2A5E0722D2DF3BB08"><enum>(d)</enum><header>Alternative
energy equipment project program</header>
<paragraph id="idF45D48E40BD04FB688817B98461BBA38"><enum>(1)</enum><header>Establishment</header><text>Not
later than 180 days after the date of enactment of this section, the Secretary,
in consultation with the Secretary of Energy, shall establish a alternative
energy equipment project program to consider and award certifications for
qualified investments eligible for credits under this section to qualifying
energy project sponsors under this section.</text>
</paragraph><paragraph id="id29C81DCEFB614D348A83133A71B244DA"><enum>(2)</enum><header>Certification</header>
<subparagraph id="id649334A22A9944ACB2FFA3EEA4923C16"><enum>(A)</enum><header>Application
period</header><text>Each applicant for certification under this paragraph
shall submit an application meeting the requirements of subparagraph (B). An
applicant may only submit an application during the 3-year period beginning on
the date the Secretary establishes the program under paragraph (1).</text>
</subparagraph><subparagraph id="idB158877A70D144A296BC3285B0A34D5A"><enum>(B)</enum><header>Requirements
for applications for certification</header><text>An application under
subparagraph (A) shall contain such information as the Secretary may require in
order to make a determination to accept or reject an application for
certification as meeting the requirements under subsection (c)(1). Any
information contained in the application shall be protected as provided in
section 552(b)(4) of title 5, United States Code.</text>
</subparagraph><subparagraph id="id20B952D022A44C4DBB78F80390E1427F"><enum>(C)</enum><header>Time to act
upon applications for certification</header><text>The Secretary shall issue a
determination as to whether an applicant has met the requirements under
subsection (c)(1) within 60 days following the date of submittal of the
application for certification.</text>
</subparagraph><subparagraph id="id8E11DF0C9F8142E89E1934CA04E9B099"><enum>(D)</enum><header>Time to meet
criteria for certification</header><text>Each applicant for certification shall
have 2 years from the date of acceptance by the Secretary of the application
during which to provide to the Secretary evidence that the requirements under
subsection (c)(1) have been met.</text>
</subparagraph><subparagraph id="idBF35F059175C43D6B11FBFAE5C12C8A0"><enum>(E)</enum><header>Period of
issuance</header><text>An applicant which receives a certification shall have 5
years from the date of issuance of the certification in order to place the
project in service and if such project is not placed in service by that time
period then the certification shall no longer be valid.</text>
</subparagraph></paragraph><paragraph id="id4A562A24C34C4699B8A97D1DB76D57CE"><enum>(3)</enum><header>Aggregate
credits</header><text>The aggregate credits allowed under subsection (a) for
projects certified by the Secretary under paragraph (2) may not exceed
$6,000,000,000 per calendar
year.</text>
</paragraph></subsection></section><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection commented="no" id="id06A9827B2E7849B9B5DDD0A7DC309A8F"><enum>(c)</enum><header>Coordination
with energy credit</header>
<paragraph commented="no" id="id74528A1835F14EAABB51B196E0B6F3DB"><enum>(1)</enum><header>In
general</header><text>Section 48(a)(2)(B) is amended by inserting <quote>or to
a qualified investment (as defined under section 48C(b))</quote> before the
period at the end.</text>
</paragraph><paragraph commented="no" id="id8D42F8B69AF349138225142DDCA35BE6"><enum>(2)</enum><header>Conforming
amendment</header><text>The heading of section 48(a)(2)(B) is amended by
striking <quote><header-in-text level="subparagraph" style="OLC">rehabilitation
credit</header-in-text></quote> and inserting <quote><header-in-text level="subparagraph" style="OLC">other credits</header-in-text></quote>.</text>
</paragraph></subsection><subsection id="IDAB71C8ADC32143E98F1A9458B9B02383"><enum>(d)</enum><header>Conforming
amendments</header>
<paragraph id="ID5D01D28D62AB48CF9BCCC60CB633A9F1"><enum>(1)</enum><text>Section
49(a)(1)(C) is amended by striking <quote>and</quote> at the end of clause
(iii), by striking clause (iv), and by adding after clause (iv) the following
new clause:</text>
<quoted-block id="IDA4E7D1AEDFA341EB839B7D860A7F0E93">
<clause id="ID7348A7F8CB014B28BCFF7D68F8C20940"><enum>(v)</enum><text>the basis of any
property which is part of an alternative energy equipment manufacturing project
credit under section
48C.</text>
</clause><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph><paragraph id="ID16AFF10EF0314AAAA647A66ACEFC4675"><enum>(2)</enum><text>The table of
sections for subpart E of part IV of subchapter A of chapter 1 is amended by
inserting after the item relating to section 48B the following new item:</text>
<quoted-block id="IDC496565B18144917B7B688291C895819" style="USC">
<toc regeneration="no-regeneration">
<toc-entry level="section">48C. Alternative energy equipment
manufacturing project
credit.</toc-entry>
</toc>
<after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="ID89B52528DF5D4413906FC33FAFC78DD4"><enum>(e)</enum><header>Effective
date</header><text>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).</text>
</subsection></section><section id="ID898881ee409a48628744f8facdbbd3db"><enum>102.</enum><header>Fund Green
Jobs Act</header><text display-inline="no-display-inline">Out of any sums in
the Treasury of the United States not otherwise appropriated, $125,000,000,000
is appropriated for expenses necessary for the manufacturing of advanced
batteries authorized under section 136(b)(1)(B) of the Energy Independence and
Security Act of 2007 (42 U.S.C. 17013(b)(1)(B)). Such sums shall remain
available until expended.</text>
</section><enum>II</enum><header>Revitalizing our
Nation’s Electricity Grid</header>
<section id="id27CB325988F84EE7A2D0489D82E63863"><enum>201.</enum><header>Smart grid
research and development program</header><text display-inline="no-display-inline">Out of any sums in the Treasury of the
United States not otherwise appropriated, $400,000,000 shall be appropriated
for expenses necessary for the program authorized under section 1304(a) of the
Energy Independence and Security Act of 2007 (42 U.S.C. 17384(a)). Such sums
shall remain available until expended.</text>
</section><section id="idA14EFDF4C96C4072B0A3034AB0EA5C46"><enum>202.</enum><header>Smart grid
regional demonstration initiative</header><text display-inline="no-display-inline">Out of any sums in the Treasury of the
United States not otherwise appropriated, $200,000,000 is appropriated for
expenses necessary for the initiative authorized under section 1304(b) of the
Energy Independence and Security Act of 2007 (42 U.S.C. 17384(b)). Such sums
shall remain available until expended.</text>
</section><section id="ID9d49ac7fa1f24c3d8a5ce2ad68f5be1a"><enum>203.</enum><header>Smart grid
Federal matching fund</header><text display-inline="no-display-inline">Out of
any sums in the Treasury of the United States not otherwise appropriated,
$200,000,000 is appropriated for expenses necessary for grant program
authorized under section 1306 of the Energy Independence and Security Act of
2007 (42 U.S.C. 17386). Such sums shall remain available until expended.</text>
</section><section commented="no" display-inline="no-display-inline" id="id521E41A588044EFE88A67CAF0D4B3995"><enum>204.</enum><header>Recovery
period for depreciation of smart meters and smart grid systems</header>
<subsection commented="no" display-inline="no-display-inline" id="idB037C489983E4D19B455BDDA6CB7687D"><enum>(a)</enum><header>5-year recovery
period</header>
<paragraph commented="no" display-inline="no-display-inline" id="id25D6DD3F095541FCB752946C0174C78F"><enum>(1)</enum><header>In
general</header><text>Subparagraph (B) of section 168(e)(3) is amended by
striking <quote>and</quote> at the end of clause (vi), by striking the period
at the end of clause (vii) and inserting <quote>, and</quote>, and by adding at
the end the following new clauses:</text>
<quoted-block display-inline="no-display-inline" id="id05B3A09CA9D54F60B09CAD4FB2376EA4" style="OLC">
<clause id="ID6490567865844e968b11c46f07d0079f"><enum>(viii)</enum><text>any qualified
smart electric meter, and</text>
</clause><clause id="ID82c00b4c42c848e28ad8a307cf81f0ee"><enum>(ix)</enum><text>any qualified
smart electric grid
system.</text>
</clause><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="id8C52983F230747F6B3762F236C3F4191"><enum>(2)</enum><header>Conforming
amendments</header><text>Subparagraph (D) of section 168(e)(3) is amended by
inserting <quote>and</quote> at the end of clause (i), by striking the comma at
the end of clause (ii) and inserting a period, and by striking clauses (iii)
and (iv).</text>
</paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="id8DAB97655CAE4C1FADABAE0AAFF47DE9"><enum>(b)</enum><header>Technical
amendments</header><text>Paragraphs (18)(A)(ii) and (19)(A)(ii) of section
168(i) are each amended by striking <quote>16 years</quote> and inserting
<quote>10 years</quote>.</text>
</subsection><subsection commented="no" display-inline="no-display-inline" id="id18BB0031E72246BAA007BC8470AFA5AE"><enum>(c)</enum><header>Effective
dates</header>
<paragraph commented="no" display-inline="no-display-inline" id="id2F016CC49A4246329A589BACD8ECCAD6"><enum>(1)</enum><header>In
general</header><text>Except as provided in paragraph (2), the amendments made
by this section shall apply to property placed in service after the date of the
enactment of this Act.</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="idA1AB94E333624469B4E812F8E564948E"><enum>(2)</enum><header>Technical
amendment</header><text>The amendments made by subsection (b) shall take effect
as if included in section 306 of the Energy Improvement and Extension Act of
2008.</text>
</paragraph></subsection></section><section id="ID69003c7bb55049a1a36e4055eab91e51"><enum>205.</enum><header>Bonneville
Power Administration</header><text display-inline="no-display-inline">For the
purposes of providing funds to assist in financing the construction,
acquisition, and replacement of the transmission system of the Bonneville Power
Administration and to implement the authority of the Administrator under the
Pacific Northwest Electric Power Planning and Conservation Act (16 U.S.C. 839
et seq.), an additional $5,000,000,000 in borrowing authority is made available
under the Federal Columbia River Transmission System Act (16 U.S.C. 838 et
seq.), to remain outstanding at any time.</text>
</section><enum>III</enum><header>Ensuring clean
energy deployment</header>
<section id="id0F87068875C9438790CE4E3CFB01C61E"><enum>301.</enum><header>Shift in
carryback and carryforward of unused general business credits</header>
<subsection id="idC145B6322EC24312AD7C774B25D84B63"><enum>(a)</enum><header>In
general</header><text>Section 39(a)(1) is amended—</text>
<paragraph id="id756A46BF559340B195D053B784427191"><enum>(1)</enum><text>by striking
<quote>the taxable year</quote> in subparagraph (A) and inserting <quote>each
of the 5 taxable years</quote>, and</text>
</paragraph><paragraph id="id647AE901D2974A77847D389A9DCD5B83"><enum>(2)</enum><text>by striking
<quote>20 taxable years</quote> in subparagraph (B) and inserting <quote>15
taxable years</quote>.</text>
</paragraph></subsection><subsection id="idA69206B62BF74A06ADF71E799CCFCF4F"><enum>(b)</enum><header>Conforming
amendments</header>
<paragraph id="id8D239BE49D5241DB86F362794677F22C"><enum>(1)</enum><text>The heading for
paragraph (1) of section 39(a) is amended—</text>
<subparagraph id="idF8015718BE89477188DB9F049969EF0C"><enum>(A)</enum><text>by striking
<quote><header-in-text level="paragraph" style="OLC">1-year</header-in-text></quote> and inserting
<quote><header-in-text level="paragraph" style="OLC">5-year</header-in-text></quote>, and</text>
</subparagraph><subparagraph id="idFE263A8E1FAE47C8B684D4451C816E2E"><enum>(B)</enum><text>by striking
<quote><header-in-text level="paragraph" style="OLC">20-year</header-in-text></quote> and inserting
<quote><header-in-text level="paragraph" style="OLC">15-year</header-in-text></quote>.</text>
</subparagraph></paragraph><paragraph id="id678D147F03E948A999AC1535BB251C05"><enum>(2)</enum><text>Section
39(a)(2)(A) is amended by striking <quote>21 taxable years</quote> and
inserting <quote>20 taxable years</quote>.</text>
</paragraph><paragraph id="idCB273BA5B96540319F44FA671EDF17B9"><enum>(3)</enum><text>Section
39(a)(2)(B) is amended—</text>
<subparagraph id="idAD1A92ABA0B54A40B97810FC9962F9F2"><enum>(A)</enum><text>by striking
<quote>20 taxable years</quote> and inserting <quote>19 taxable years</quote>,
and</text>
</subparagraph><subparagraph id="idD3649FAA484F4B97A01E7C2A18BA4C4B"><enum>(B)</enum><text>by striking
<quote><header-in-text level="subparagraph" style="OLC">20
years</header-in-text></quote> in the heading thereof and inserting
<quote><header-in-text level="subparagraph" style="OLC">19
years</header-in-text></quote>.</text>
</subparagraph></paragraph><paragraph id="idFE190BB9B8B94D03A73CC0FC1B19DC78"><enum>(4)</enum><text>Section 39(a) is
amended by striking paragraph (3).</text>
</paragraph></subsection><subsection id="idC110D42F46F94DA5B8974381B225D062"><enum>(c)</enum><header>Effective
date</header><text>The amendments made by this section shall apply to credits
arising in taxable years beginning after the date of the enactment of this
Act.</text>
</subsection></section><section id="id7D17A1E764DA4E61A76038703F47624E"><enum>302.</enum><header>Extension and
modification of renewable electricity production credit</header>
<subsection id="idDEF8C4CEF61E4A17909C95F66738E863"><enum>(a)</enum><header>Extension</header><text>Section
45(d) is amended—</text>
<paragraph id="id37D141DDEAE14C378AEFAEFDFFFB8C1D"><enum>(1)</enum><text>by striking
<quote>January 1, 2010</quote> in paragraph (1) and inserting <quote>January 1,
2014</quote>,</text>
</paragraph><paragraph id="id46B6C5E146DF4CE6BD06DE12C4DC1A41"><enum>(2)</enum><text>by striking
<quote>January 1, 2011</quote> each place it appears in paragraphs (2), (3),
(4), (5), (6), (7), and (9) and inserting <quote>January 1, 2014</quote>,
and</text>
</paragraph><paragraph id="id9E6F000C91734C7D8CF332684877AF4C"><enum>(3)</enum><text>by striking
<quote>January 1, 2012</quote> in paragraph (11)(B) and inserting
<quote>January 1, 2014</quote>.</text>
</paragraph></subsection><subsection id="id24199ACF89524482A0D7913A5747406E"><enum>(b)</enum><header>Credit To
include production of thermal energy</header>
<paragraph id="id17F6229FB4DE4C078DEFC9C59128AE5F"><enum>(1)</enum><header>In
general</header><text>Section 45 is amended by adding at the end the following
new subsection:</text>
<quoted-block display-inline="no-display-inline" id="id7F56993BAEB24E75B8A92D52DA98C205" style="OLC">
<subsection id="idACC71D1946E54699994F92C144DC6219"><enum>(f)</enum><header>Credit for
production of thermal energy</header>
<paragraph id="idFF6149679F73459F93A4B1703EF049E7"><enum>(1)</enum><header>In
general</header><text>In the case of a taxpayer who—</text>
<subparagraph id="id7318E4A495E14F848682EE1EAE0F8423"><enum>(A)</enum><text>produces thermal
energy from closed-loop biomass, open-loop biomass, or geothermal energy at a
qualified facility, and</text>
</subparagraph><subparagraph id="idF150A3142F5144DFA0A85444648BECD0"><enum>(B)</enum><text>makes an election
under this subsection with respect to such facility,</text>
</subparagraph><continuation-text continuation-text-level="paragraph">subsection
(a) shall be applied by substituting <quote>each 3,413 Btus of thermal energy
(or fraction thereof)</quote> for <quote>the kilowatt hours of
electricity</quote> in paragraph (2) thereof.</continuation-text></paragraph><paragraph id="id8EC41CFCCA4E48A494577B1CE0AF3C3E"><enum>(2)</enum><header>Denial of
double benefit</header><text>If an election under this subsection is in effect
with respect to any facility, no credit shall be allowed under subsection (a)
with respect to the production of electricity at such facility.</text>
</paragraph><paragraph id="id479AAC35AB5F4370B9F30228C701BA98"><enum>(3)</enum><header>Election</header>
<subparagraph id="id762C3024C3EB4D9FB06949C2CF758FF4"><enum>(A)</enum><header>In
general</header><text>An election under this subsection shall specify the
facility to which the election applies and shall be in such manner as the
Secretary may by regulations prescribe.</text>
</subparagraph><subparagraph id="idBB32753097BC4848936E7390180DF2A4"><enum>(B)</enum><header>Election
irrevocable</header><text>Any election made under this subsection may not be
revoked except with the consent of the
Secretary.</text>
</subparagraph></paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph><paragraph id="idC03FC2AF60C8480397F1CB608F1AC1D4"><enum>(2)</enum><header>Conforming
amendments</header>
<subparagraph id="idF1DAD89EE84F43EE86FBA55F8394F965"><enum>(A)</enum><text>Section 45(c)(2)
is amended by inserting <quote>or thermal energy</quote> after
<quote>electricity</quote>.</text>
</subparagraph><subparagraph id="id7BDAB780231D4478A5D52D3DBC6FA35D"><enum>(B)</enum><text>Section 45(d) is
amended by inserting <quote>or thermal energy</quote> after
<quote>electricity</quote> each place it appears in paragraphs (2), (3), and
(4).</text>
</subparagraph><subparagraph id="id29D4A269DD514A51B195D22BB617DDAF"><enum>(C)</enum><text>Section 45(e) is
amended by inserting <quote>or thermal energy</quote> after
<quote>electricity</quote> each place it appears in paragraphs (1) and
(4).</text>
</subparagraph><subparagraph id="idD5A3C3A7198C4728B978E513038DA41B"><enum>(D)</enum><text>The heading of
section 45 is amended by inserting <quote><header-in-text level="section" style="OLC">and thermal energy</header-in-text></quote> after
<quote><header-in-text level="section" style="OLC">Electricity</header-in-text></quote>.</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id19DE618F3F7F419E9E119F571096C3EA"><enum>(E)</enum><text>The item relating
to section 45 in the table of sections for subpart D of part IV of subchapter A
of chapter 1 is amended by inserting <quote>and thermal energy</quote> after
<quote>Electricity</quote>.</text>
</subparagraph></paragraph></subsection><subsection id="id0BD3614FC3C54CEDAF3B3638305365C8"><enum>(c)</enum><header>Elimination of
reduced credit rate for electricity produced and sold from certain
facilities</header><text>Paragraph (4) of section 45(b) is amended to read as
follows:</text>
<quoted-block display-inline="no-display-inline" id="id4E5320CC33434FAEB4B18B290CB4A942" style="OLC">
<paragraph id="id045C70696CD146649B3BB9E6E52B2D42"><enum>(4)</enum><header>Credit period
for electricity produced and sold from certain facilities</header>
<subparagraph id="ID6001b588c793496e810cf613901b5263"><enum>(A)</enum><header>In
general</header><text>Except as provided in subparagraph (B) or subparagraph
(C), in the case of any facility described in paragraph (3), (4), (5), (6), or
(7) of subsection (d), the 5-year period beginning on the date the facility was
originally placed in service shall be substituted for the 10-year period in
subsection (a)(2)(A)(ii).</text>
</subparagraph><subparagraph id="IDab835e8683154174b747b79cfb35c170"><enum>(B)</enum><header>Certain
open-loop biomass facilities</header><text>In the case of any facility
described in subsection (d)(3)(A)(ii) placed in service before October 22,
2004, the 5-year period beginning on January 1, 2005, shall be substituted for
the 10-year period in subsection (a)(2)(A)(ii).</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="idF0F0D00ABF0E405D85E78B1A95B41CF7"><enum>(C)</enum><header>Termination</header><text>Subparagraph
(A) shall not apply to any facility placed in service after August 8,
2005.</text>
</subparagraph></paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="idB93DB761BAD34855833162B28D868356"><enum>(d)</enum><header>Credit allowed
for zero-carbon emissions resource facilities</header>
<paragraph id="id805A60D966664A32BFF6D7FCD615E4E6"><enum>(1)</enum><header>In
general</header><text>Section 45(c)(1) is amended by striking
<quote>and</quote> at the end of subparagraph (H), by striking the period at
the end of subparagraph (I) and inserting <quote>, and</quote>, and by adding
at the end the following new subparagraph:</text>
<quoted-block id="id7E737509B2844F83B08AE60A51BABFC9">
<subparagraph id="id25B4EDCC3EFD449692861ABF4900310D"><enum>(J)</enum><text>zero-carbon
emissions
resources.</text>
</subparagraph><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph><paragraph id="idA78FA4916FEE4C579E22CDE5127C988E"><enum>(2)</enum><header>Definition of
resources</header><text>Section 45(c) is amended by adding at the end the
following new paragraph:</text>
<quoted-block id="idBE79C3E3590643D5978D9DF1C47BEBED">
<paragraph id="id10DD8F55D61A44CBB70B1ECF839A083A"><enum>(11)</enum><header>Zero-carbon
emissions resource</header><text>The term <term>zero-carbon emission
resource</term> means any resource—</text>
<subparagraph id="id66C5214E7DD44ECD9FBDF4EE748CA0CE"><enum>(A)</enum><text>not described in
paragraphs (2) through (10),</text>
</subparagraph><subparagraph id="id3F93A5ED91444DEAACE8C8DE9D6CB2B4"><enum>(B)</enum><text>from which
electricity or thermal energy can be produced without producing carbon
emissions, and</text>
</subparagraph><subparagraph id="id02C8EE0A262B477C88438B3BACA8ADD5"><enum>(C)</enum><text>which is approved
by the Secretary, after consultation with the Secretary of
Energy.</text>
</subparagraph></paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph><paragraph id="id27351543395045A4A9AFE8D9C553C54F"><enum>(3)</enum><header>Facilities</header><text>Section
45(d) is amended by adding at the end the following new paragraph:</text>
<quoted-block id="id0212313A5ED8434FB721D06FAF648E7D">
<paragraph id="id95B845AD0C1E470C8D67A965669725D3"><enum>(11)</enum><header>Zero-carbon
emissions resource facility</header><text>In the case of a facility using a
zero-carbon emissions resource to produce electricity or thermal energy, 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,
2014.</text>
</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></subsection><subsection id="HD552E5F7B7E24C68A003720050EED63"><enum>(e)</enum><header>Modification of
renewable electricity production credit for biomass facilities</header>
<paragraph id="H337B896EFDEE461C87EE6EFFBDF7ECDD"><enum>(1)</enum><header>In
general</header><text display-inline="yes-display-inline">Section 45(e) is
amended by adding at the end the following new paragraph:</text>
<quoted-block act-name="" id="H68B2D921277A413AB0B34000D4D6004F" style="OLC">
<paragraph id="HA8E35793C6714869AD4500738C0189FB"><enum>(12)</enum><header>Credit allowed
for electricity produced from biomass for on-site use</header><text>In the case
of electricity produced after December 31, 2008, at any facility described in
paragraph (2) or (3) of subsection (d) which is equipped with a metering device
to determine electricity consumption or sale, subsection (a)(2) shall be
applied without regard to subparagraph (B) thereof with respect to such
electricity produced and consumed at such
facility.</text>
</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph><paragraph id="H9853D8ADABD940C8AE42552CA7E71915"><enum>(2)</enum><header>Credit period
for electricity produced from open-loop biomass for on-site
use</header><text>Section 45(b)(4), as amended by subsection (c), is
amended—</text>
<subparagraph id="HE7A7455C1592436885D21EDFFD895126"><enum>(A)</enum><text>by striking
<quote>subparagraph (B) or subparagraph (C)</quote> in subparagraph (A) and
inserting <quote>subparagraph (B), (C), or (D)</quote>,</text>
</subparagraph><subparagraph id="H83DFEFDFEAEE4666B686799DC1D6EA8"><enum>(B)</enum><text>by redesignating
subparagraph (C) as subparagraph (D), and</text>
</subparagraph><subparagraph id="H031E1D8963D0411A9EC0B5D7DB995F92"><enum>(C)</enum><text>by inserting after
subparagraph (B) the following new subparagraph:</text>
<quoted-block act-name="" id="HF0FF4D67F46A40B7850096A9E9142CEE" style="OLC">
<subparagraph id="H65ED70FE927A44D08BED6E4E7397A075"><enum>(C)</enum><header>Electricity
produced for on-site use at certain open-loop biomass
facilities</header><text>In the case of electricity produced and consumed as
described in subsection (e)(12) at any facility described in subsection
(d)(3)(A)(ii) which is placed in service before the date of the enactment of
this clause, the 5-year period beginning on January 1, 2009, shall be
substituted for the 10-year period in subsection
(a)(2)(A)(ii).</text>
</subparagraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subparagraph></paragraph></subsection><subsection id="id674436B096234C38ABDBDD3B10DCBA70"><enum>(f)</enum><header>Effective
dates</header>
<paragraph commented="no" display-inline="no-display-inline" id="id1FFEF8516F4C4C05AA1EAAB044807EB7"><enum>(1)</enum><header>In
general</header><text>Except as provided in paragraph (2), the amendments made
by this section shall apply to electricity and thermal energy produced and sold
after the date of the enactment of this Act, in taxable years ending after such
date.</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="H49BCEA7E43814C4900AA15CCB9581F"><enum>(2)</enum><header>Biomass
facilities</header><text>The amendments made by subsection (e) shall take
effect on the date of the enactment of this Act.</text>
</paragraph></subsection></section><section commented="no" display-inline="no-display-inline" id="idCF480B54B9DF435BA2744B27931D66AA"><enum>303.</enum><header>Expansion and
extension of new clean renewable energy bonds</header>
<subsection commented="no" display-inline="no-display-inline" id="idFA9135FAC8784A56BD5B42AC124B12A0"><enum>(a)</enum><header>In
general</header><text>Section 54C(c)(2) is amended by inserting <quote>, for
calendar years 2009, 2010, 2011, 2012, and 2013, an additional $5,000,000,000
for each year, and, except as provided in paragraph (4) for years after 2013,
zero,</quote> after <quote>$800,000,000</quote>.</text>
</subsection><subsection commented="no" display-inline="no-display-inline" id="idD4BC54B338CF45A186B171F522666C00"><enum>(b)</enum><header>Carryover of
unused limitation</header><text>Section 54C(c) is amended by adding at the end
the following new paragraph:</text>
<quoted-block display-inline="no-display-inline" id="id56DEA70BB6AE44B2B1FEDC81EF7287AA" style="OLC">
<paragraph commented="no" display-inline="no-display-inline" id="id59B95638415249978FD328B3ED87A571"><enum>(4)</enum><header>Carryover of
unused limitation</header><text display-inline="yes-display-inline">If for any
calendar year—</text>
<subparagraph commented="no" display-inline="no-display-inline" id="id2B2541F29A264C2D9930C0948D5DB418"><enum>(A)</enum><text display-inline="yes-display-inline">the amount allocated under paragraph (2)
for such calendar year, exceeds</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id701031AEB5784C35983AD70304032783"><enum>(B)</enum><text display-inline="yes-display-inline">the amount of bonds issued during such year
which are designated under subsection (a) pursuant to such allocation, the
limitation amount under such paragraph for the following calendar year shall be
increased by the amount of such excess.</text>
</subparagraph></paragraph><after-quoted-block>.
</after-quoted-block></quoted-block>
</subsection><subsection id="idFFE5243085FF475F9CF0CB941F4F8F8A"><enum>(c)</enum><header>Effective
date</header><text>The amendments made by this section shall apply to
obligations issued after December 31, 2008.</text>
</subsection></section><section id="IDaef8c037d9b449f8ae39b88bc9ec918d"><enum>304.</enum><header>30-year
contracts for Federal purchases of electricity generated by renewable
energy</header><text display-inline="no-display-inline">Section 203 of the
Energy Policy Act of 2005 (42 U.S.C. 15852) is amended by adding at the end the
following new subsection:</text>
<quoted-block display-inline="no-display-inline" id="id7DAFD92B4DBB4E37A1F349E18395540F" style="OLC">
<subsection id="ID4eb66086797e41f68c23a13d01ec7477"><enum>(e)</enum><header>Contract
length</header>
<paragraph id="ID783a886701e14706af44613018c69a5a"><enum>(1)</enum><header>In
general</header><text>Notwithstanding section 501(b)(1)(B) of title 40, United
States Code, a contract for renewable energy may be made for a period of not
more than 30 years.</text>
</paragraph><paragraph id="IDcad494af04d4429293e2d82a254cd522"><enum>(2)</enum><header>Exclusion</header><text>For
purposes of this subsection, the term <term>renewable energy</term> shall be
deemed to exclude energy generated from municipal solid waste.</text>
</paragraph><paragraph id="ID0a3134de259843d48764e319993267e1"><enum>(3)</enum><header>Technical
assistance</header><text>The Secretary shall provide technical assistance to
Federal agencies regarding the implementation of this subsection.</text>
</paragraph><paragraph id="IDa04383a12b294284885f877ece5a6ede"><enum>(4)</enum><header>Standardized
renewable energy purchase agreement</header><text>Not later than 90 days after
the date of enactment of this subsection, the Secretary, through the Federal
Energy Management Program, shall publish a standardized renewable energy
purchase agreement setting forth commercial terms and conditions that can be
utilized by Federal agencies to acquire renewable energy.</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="ID3e9cc7ce1c24486aa2a5021231131fc9"><enum>(5)</enum><header>Limitation</header><text>The
maximum amount obligated or expended under this subsection shall not exceed
$480,000,000.</text>
</paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</section><enum>IV</enum><header>Reducing foreign
oil dependence</header>
<section id="id93821A5DCBA04BB6B7E26FC4115E5F09"><enum>401.</enum><header>Incentives for
manufacturing facilities producing plug-in electric drive motor vehicle and
components</header>
<subsection id="id8927D006A81F411F9140F1B9AA6A404D"><enum>(a)</enum><header>Deduction for
manufacturing facilities</header><text>Part VI of subchapter B of chapter 1
(relating to itemized deductions for individuals and corporations) is amended
by inserting after section 179E the following new section:</text>
<quoted-block display-inline="no-display-inline" id="id5ADB6E5FC421473EA6C17B9F057F442E" style="OLC">
<section id="id98128FC7158C40E7AEABF0734E8B8A5B"><enum>179F.</enum><header>Election to
expense manufacturing facilities producing plug-in electric drive motor vehicle
and components</header>
<subsection id="id2DF1098B377746E28DB892E48CE89426"><enum>(a)</enum><header>Treatment as
expenses</header><text>A taxpayer may elect to treat the applicable percentage
of the cost of any qualified plug-in electric drive motor vehicle manufacturing
facility property as an expense which is not chargeable to a capital account.
Any cost so treated shall be allowed as a deduction for the taxable year in
which the qualified manufacturing facility property is placed in
service.</text>
</subsection><subsection id="id65B9782CD9724B79A51A6ED26707A28F"><enum>(b)</enum><header>Applicable
percentage</header><text>For purposes of subsection (a), the applicable
percentage is—</text>
<paragraph id="idFFE11F00F2D142D5A0EDE3BB9DDC1374"><enum>(1)</enum><text>100 percent, in
the case of qualified plug-in electric drive motor vehicle manufacturing
facility property which is placed in service before January 1, 2012, and</text>
</paragraph><paragraph id="id7140944257B24F2DABFC9A716D2E169C"><enum>(2)</enum><text>50 percent, in
the case of qualified plug-in electric drive motor vehicle manufacturing
facility property which is placed in service after December 31, 2011, and
before January 1, 2015.</text>
</paragraph></subsection><subsection id="ID68b0b01685d04dcfb2c4399b4759a6b0"><enum>(c)</enum><header>Election</header>
<paragraph id="IDcee8946d276c4f1184e3c913f04970cb"><enum>(1)</enum><header>In
general</header><text>An election under this section for any taxable year shall
be made on the taxpayer's return of the tax imposed by this chapter for the
taxable year. Such election shall be made in such manner as the Secretary may
by regulations prescribe.</text>
</paragraph><paragraph id="ID733c924abc96478fbe85b229ee90c594"><enum>(2)</enum><header>Election
irrevocable</header><text>Any election made under this section may not be
revoked except with the consent of the Secretary.</text>
</paragraph></subsection><subsection id="id5D919ACCD75E4C269DD3A35B35C4B4F2"><enum>(d)</enum><header>Qualified
plug-In electric drive motor vehicle manufacturing facility
property</header><text>For purposes of this section—</text>
<paragraph id="id18A06A84882B4AAB8037426AC0F79146"><enum>(1)</enum><header>In
general</header><text>The term <term>qualified plug-in electric drive motor
vehicle manufacturing facility property</term> means any qualified
property—</text>
<subparagraph id="id15010DDCE17C42AE8B5EF3BBEDBC04B7"><enum>(A)</enum><text>the original use
of which commences with the taxpayer,</text>
</subparagraph><subparagraph id="id5CF3E76C68EF4A6EB13EEDFC8BC195AF"><enum>(B)</enum><text>which is placed
in service by the taxpayer after the date of the enactment of this section and
before January 1, 2015, and</text>
</subparagraph><subparagraph id="id0036B2467F344EEB8E201E70EFEC723F"><enum>(C)</enum><text>no written
binding contract for the construction of which was in effect on or before the
date of the enactment of this section.</text>
</subparagraph></paragraph><paragraph id="idCE0A072E32134EBAA4787F2D8E5D335D"><enum>(2)</enum><header>Qualified
property</header>
<subparagraph id="id40F95BF412774D188DD119F98A659EDE"><enum>(A)</enum><header>In
general</header><text>The term <term>qualified property</term> means any
property which is a facility or a portion of a facility used for the production
of—</text>
<clause id="id79C2636961C74E84BA7DB887E976BDEE"><enum>(i)</enum><text>any new qualified
plug-in electric drive motor vehicle (as defined by section 30D(c)), or</text>
</clause><clause id="id6AAE7CD0956E4AE4AB689CD95FE66D70"><enum>(ii)</enum><text>any eligible
component.</text>
</clause></subparagraph><subparagraph id="id52EF9FF33AAC45E6BCC3430668B97369"><enum>(B)</enum><header>Eligible
component</header><text>The term <term>eligible component</term> means any
battery, any electric motor or generator, or any power control unit which is
designed specifically for use with a new qualified plug-in electric drive motor
vehicle (as so defined).</text>
</subparagraph></paragraph></subsection><subsection id="id1BFFFAB6726B4270AE7DF1FB091854C2"><enum>(e)</enum><header>Special rule
for dual use property</header><text>In the case of any qualified plug-in
electric drive motor vehicle manufacturing facility property which is used to
produce both qualified property and other property which is not qualified
property, the amount of costs taken into account under subsection (a) shall be
reduced by an amount equal to—</text>
<paragraph id="id216092DB55B84B8FBCF5963071D22674"><enum>(1)</enum><text>the total amount
of such costs (determined before the application of this subsection),
multiplied by</text>
</paragraph><paragraph id="id36E60ED4DED548C8880B565320542A16"><enum>(2)</enum><text>the percentage of
property expected to be produced which is not qualified
property.</text>
</paragraph></subsection></section><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="id1A93577851684727AB23F64E5F2811B1"><enum>(b)</enum><header>Refund of
credit for prior year minimum tax liability</header><text>Section 53 (relating
to credit for prior year minimum tax liability) is amended by adding at the end
the following new subsection:</text>
<quoted-block display-inline="no-display-inline" id="id312755A726AC42CCB86712447E353B8C" style="OLC">
<subsection id="idF588F99A65A74928A40340D4AD612CB4"><enum>(g)</enum><header>Election To
treat amounts attributable to qualified manufacturing facility</header>
<paragraph id="id7F19FBF331C544BF84D999F4C8617C2A"><enum>(1)</enum><header>In
general</header><text>In the case of an eligible taxpayer, the amount
determined under subsection (c) for the taxable year (after the application of
subsection (e)) shall be increased by an amount equal to the applicable
percentage of any qualified plug-in electric drive motor vehicle manufacturing
facility property which is placed in service during the taxable year.</text>
</paragraph><paragraph id="id4E0F41D267734B1E874E8A3E29C10575"><enum>(2)</enum><header>Applicable
percentage</header><text>For purposes of paragraph (1), the applicable
percentage is—</text>
<subparagraph id="id56860D6EEAB3450DACCFADB1332476C0"><enum>(A)</enum><text>35 percent, in
the case of qualified plug-in electric drive motor vehicle manufacturing
facility property which is placed in service before January 1, 2012, and</text>
</subparagraph><subparagraph id="id63A7015694D2419BB1FBF1A986A3D2A7"><enum>(B)</enum><text>17.5 percent, in
the case of qualified plug-in electric drive motor vehicle manufacturing
facility property which is placed in service after December 31, 2011, and
before January 1, 2015.</text>
</subparagraph></paragraph><paragraph id="id80643336A1024C54AA2B5D8E01EA9539"><enum>(3)</enum><header>Eligible
taxpayer</header><text>For purposes of this subsection, the term <term>eligible
taxpayer</term> means any taxpayer—</text>
<subparagraph id="idBFF49C67D3D74411AF8CD9D18CAA225D"><enum>(A)</enum><text>who places in
service qualified plug-in electric drive motor vehicle manufacturing facility
property during the taxable year,</text>
</subparagraph><subparagraph id="id62A423CA2E4E450B8C9B725065F3E5CD"><enum>(B)</enum><text>who does not make
an election under section 179F(c), and</text>
</subparagraph><subparagraph id="id64B8961337C149478EA0EA944CB678F3"><enum>(C)</enum><text>who makes an
election under this subsection.</text>
</subparagraph></paragraph><paragraph id="idD235D1A20F044B569922662D10551614"><enum>(4)</enum><header>Other
definitions and special rules</header>
<subparagraph id="id5DD81B039D4A403A9A1FBF93CA101DD1"><enum>(A)</enum><header>Qualified
plug-in electric drive motor vehicle manufacturing facility
property</header><text>The term <term>qualified plug-in electric drive motor
vehicle manufacturing facility property</term> has the meaning given such term
under section 179F(d).</text>
</subparagraph><subparagraph id="id47D641E85D614C669B6E83A6E1073EB6"><enum>(B)</enum><header>Special rule
for dual use property</header><text>In the case of any qualified plug-in
electric drive motor vehicle manufacturing facility property which is used to
produce both qualified property (as defined in section 179F(d)) and other
property which is not qualified property, the amount of costs taken into
account under paragraph (1) shall be reduced by an amount equal to—</text>
<clause id="idD3AF2772A4734DCC9F808DA9655494F9"><enum>(i)</enum><text>the total amount
of such costs (determined before the application of this subparagraph),
multiplied by</text>
</clause><clause id="id4F59EBCAC91647AC838B0D9D0ED46B61"><enum>(ii)</enum><text>the percentage
of property expected to be produced which is not qualified property.</text>
</clause></subparagraph><subparagraph id="id9D1D8543DB214712B27BB669B539BC00"><enum>(C)</enum><header>Election</header>
<clause id="idD51A1818D08C4A459CF4203D8C5464FA"><enum>(i)</enum><header>In
general</header><text>An election under this subsection for any taxable year
shall be made on the taxpayer's return of the tax imposed by this chapter for
the taxable year. Such election shall be made in such manner as the Secretary
may by regulations prescribe.</text>
</clause><clause id="idC29F856A1B614C4583BF0A1D3AA66BED"><enum>(ii)</enum><header>Election
irrevocable</header><text>Any election made under this subsection may not be
revoked except with the consent of the Secretary.</text>
</clause></subparagraph></paragraph><paragraph id="id0C383E6320814A7D8C8FC92FBB2115F1"><enum>(5)</enum><header>Credit
refundable</header><text>For purposes of this title (other than this section),
the credit allowed by reason of this subsection shall be treated as if it were
allowed under subpart
C.</text>
</paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="id8D15553DE5954C198F2F4B5F654DED60"><enum>(c)</enum><header>Clerical
amendment</header><text>The table of sections for part VI of subchapter B of
chapter 1 is amended by adding at the end the following new item:</text>
<quoted-block display-inline="no-display-inline" id="id80F7905A04234BE784511681968375F6" style="OLC">
<toc>
<toc-entry bold="off" level="section">Sec. 179F. Election to expense
manufacturing facilities producing plug-in electric drive motor vehicle and
components.</toc-entry>
</toc>
<after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection commented="no" display-inline="no-display-inline" id="id3D55D91E5DEF4384AF63BA52B08EECF5"><enum>(d)</enum><header>Effective
date</header><text>The amendments made by this section shall apply to taxable
years beginning after the date of the enactment of this Act.</text>
</subsection></section><section id="idF3666E5D979444ECA261C7852493530E"><enum>402.</enum><header>Consumer
incentives for plug-in electric drive motor vehicles</header>
<subsection id="id4DFD5DFBB37D4E888306DC2D5D28D3A5"><enum>(a)</enum><header>Increase in
number of plug-In electric drive motor vehicles eligible for tax
credit</header>
<paragraph id="idE5BF61183CC544F2BED709DB59B005A0"><enum>(1)</enum><header>In
general</header><text>Subparagraph (B) of section 30D(b)(2) is amended by
striking <quote>250,000</quote> and inserting <quote>500,000</quote>.</text>
</paragraph><paragraph id="idCE400EDB381242CEB1B01167A3B504EC"><enum>(2)</enum><header>Effective
date</header><text>The amendment made by this subsection shall apply to taxable
years beginning after December 31, 2008.</text>
</paragraph></subsection><subsection id="id7210E2DD358643C6A7F04042FF632BF9"><enum>(b)</enum><header>Conversion
kits</header>
<paragraph id="id430AD269CE01487090FAABDE30186439"><enum>(1)</enum><header>In
general</header><text>Section 30B (relating to alternative motor vehicle
credit) is amended by redesignating subsections (i) and (j) as subsections (j)
and (k), respectively, and by inserting after subsection (h) the following new
subsection:</text>
<quoted-block display-inline="no-display-inline" id="idDEBA8F496B0F4B0293D973662366FF23" style="OLC">
<subsection id="id4A83D82CA4DA491EACC91753CB7924A0"><enum>(i)</enum><header>Plug-In
conversion credit</header>
<paragraph id="id7C50B31483B14ACEAE78B318B0A72995"><enum>(1)</enum><header>In
general</header><text>For purposes of subsection (a), the plug-in conversion
credit determined under this subsection with respect to any motor vehicle which
is converted to a qualified plug-in electric drive motor vehicle is the lesser
of—</text>
<subparagraph commented="no" id="idDE073DFEE7274124835358986F6904CF"><enum>(A)</enum><text>an amount equal
to—</text>
<clause id="id43E18C2A9F3F42E8824541CEBA2D1BA8"><enum>(i)</enum><text>$1,250,
plus</text>
</clause><clause id="idADA98F8F5D9D436889C5314B9590B343"><enum>(ii)</enum><text>$100 for each
half kilowatt hour of capacity of the plug-in traction battery module installed
in such vehicle in excess of 2.5 kilowatt hours, or</text>
</clause></subparagraph><subparagraph id="id174E6F34E834408BB84CA8ED19B1ABBC"><enum>(B)</enum><text>50 percent of the
cost of the plug-in traction battery module installed in such vehicle as part
of such conversion.</text>
</subparagraph></paragraph><paragraph id="id0043506E53E04F259ACE72F97A6CC294"><enum>(2)</enum><header>Limitations</header><text>The
amount of the credit allowed under this subsection shall not exceed $4,000 with
respect to the conversion of any motor vehicle.</text>
</paragraph><paragraph id="idE74813014EF14AD891403C3443D6A407"><enum>(3)</enum><header>Definitions and
special rules</header><text>For purposes of this subsection—</text>
<subparagraph id="id983E88E762614880976D8A02B75E65EC"><enum>(A)</enum><header>Qualified
plug-in electric drive motor vehicle</header><text>The term <term>qualified
plug-in electric drive motor vehicle</term> means any new qualified plug-in
electric drive motor vehicle (as defined in section 30D(c), determined without
regard to paragraphs (4) and (6) thereof).</text>
</subparagraph><subparagraph id="idF1D6FE16DBEF41B2B5099EFC84F4021D"><enum>(B)</enum><header>Plug-in
traction battery module</header><text>The term <term>plug-in traction battery
module</term> means an electro-chemical energy storage device which—</text>
<clause id="id71C4D005C37040CE899FA6E302E89F53"><enum>(i)</enum><text>has a traction
battery capacity of not less than 2.5 kilowatt hours,</text>
</clause><clause id="idEDF88373BD54451AB02D52DD6593B2BC"><enum>(ii)</enum><text>is equipped with
an electrical plug by means of which it can be energized and recharged when
plugged into an external source of electric power,</text>
</clause><clause id="idD9267B08F57D447F902494D1242C4565"><enum>(iii)</enum><text>consists of a
standardized configuration and is mass produced,</text>
</clause><clause id="idD965F8C5DB9149A6B9C4430DB2A3F8D1"><enum>(iv)</enum><text>has been tested
and approved by the National Highway Transportation Safety Administration as
compliant with applicable motor vehicle and motor vehicle equipment safety
standards when installed by a mechanic with standardized training in protocols
established by the battery manufacturer as part of a nationwide distribution
program, and</text>
</clause><clause id="idF581089A1C864DDA88DA23C11AC6390D"><enum>(v)</enum><text>is certified by a
battery manufacturer as meeting the requirements of clauses (i) through
(iv).</text>
</clause></subparagraph><subparagraph id="id174658494FEC433CB5446BF8968E0335"><enum>(C)</enum><header>Credit allowed
to lessor of battery module</header><text>In the case of a plug-in traction
battery module which is leased to the taxpayer, the credit allowed under this
subsection shall be allowed to the lessor of the plug-in traction battery
module.</text>
</subparagraph><subparagraph commented="no" id="id2D875F4F88E74F5EA1960710E75E229F"><enum>(D)</enum><header>Credit allowed
in addition to other credits</header><text>The credit allowed under this
subsection shall be allowed with respect to a motor vehicle notwithstanding
whether a credit has been allowed with respect to such motor vehicle under this
section (other than this subsection) in any preceding taxable year.</text>
</subparagraph></paragraph><paragraph id="idB46AC691443C43FC8C5EE3BD1E305222"><enum>(4)</enum><header>Termination</header><text>This
subsection shall not apply to conversions made after December 31,
2012.</text>
</paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph><paragraph id="id37F0928FC9F94F4BA6E3E3AA32C02BD0"><enum>(2)</enum><header>Credit treated
as part of alternative motor vehicle credit</header><text>Section 30B(a) is
amended by striking <quote>and</quote> at the end of paragraph (3), by striking
the period at the end of paragraph (4) and inserting <quote>, and</quote>, and
by adding at the end the following new paragraph:</text>
<quoted-block display-inline="no-display-inline" id="id6E106E01B44244848AB542BE16F73F60" style="OLC">
<paragraph id="id70D9E9743F884776A85A41880698B785"><enum>(5)</enum><text>the plug-in
conversion credit determined under subsection
(i).</text>
</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="id8FE09304BC574BB49CA928CCC4D7D527"><enum>(3)</enum><header>No recapture
for vehicles converted to qualified plug-in electric drive motor
vehicles</header><text>Paragraph (8) of section 30B(h) is amended by adding at
the end the following: <quote>, except that no benefit shall be recaptured if
such property ceases to be eligible for such credit by reason of conversion to
a qualified plug-in electric drive motor vehicle.</quote>.</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="id76365B287EB3401C916A19ADBED4AD39"><enum>(4)</enum><header>Effective
date</header><text>The amendments made by this subsection shall apply to
property placed in service after December 31, 2008, in taxable years beginning
after such date.</text>
</paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="id9F31A90EF9374A08A03F23914D8DBDE3"><enum>(c)</enum><header>Certain 2- or
3-wheeled motor vehicles eligible for credit</header>
<paragraph commented="no" display-inline="no-display-inline" id="id754A7BD954F74634B97190350D924F7D"><enum>(1)</enum><header>In
general</header><text>Section 30D is amended—</text>
<subparagraph commented="no" display-inline="no-display-inline" id="id93D422D1DB77451BB6FA2807CBECCAED"><enum>(A)</enum><text>by redesignating
subsections (f) and (g) as subsections (g) and (h), respectively, and</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id9312B318155D4CDA8921C2B9B7264284"><enum>(B)</enum><text>by inserting
after subsection (e) the following new subsection:</text>
<quoted-block display-inline="no-display-inline" id="idFA57D8FEEF6B407EA8A794B4FDE38C6D" style="OLC">
<subsection id="idC8C54658937941318568C978AA04D717"><enum>(f)</enum><header>2- or 3-Wheeled
Motor Vehicles</header><text>For purposes of this section—</text>
<paragraph id="idEA2B4F2281CB430FBF510865153260A8"><enum>(1)</enum><header>In
general</header><text>Except as provided in paragraph (2), 2- or 3-wheeled
motor vehicles shall be treated in the same manner as motor vehicles.</text>
</paragraph><paragraph id="id27390EA0A54A4989BFC70878DDE763BC"><enum>(2)</enum><header>Exceptions</header>
<subparagraph id="id2769975BBEBC46589A796DDFA3FB8C4B"><enum>(A)</enum><header>Applicable
amount</header><text>For purposes of this subsection, the applicable amount
shall be $1,250.</text>
</subparagraph><subparagraph id="id9C9BD9F61F34421780904C745D2FC886"><enum>(B)</enum><header>Other
exceptions</header>
<clause id="IDaa11c7a865ed44dcbe93f1e35cab058c"><enum>(i)</enum><text>Subparagraph (B)
of subsection (a)(2) shall be applied with respect to 2- or 3-wheeled motor
vehicles by substituting <quote>$100 for each half kilowatt hour</quote> for
<quote>$417 for each kilowatt hour</quote>.</text>
</clause><clause id="ID7d64b44962144b678b88b671faffb09a"><enum>(ii)</enum><text>Subparagraph (A)
of subsection (b)(1) shall be applied with respect to 2- or 3-wheeled motor
vehicles by substituting <quote>$3,750</quote> for
<quote>$7,500</quote>.</text>
</clause><clause id="id806F5A0D69934527BE12E0AF43B4D456"><enum>(iii)</enum><text>Subsection
(c)(1) shall be applied with respect to 2- or 3-wheeled motor vehicles by
substituting <quote>2.5 kilowatt hours</quote> for <quote>4 kilowatt
hours</quote>.</text>
</clause><clause id="id03B98A1D4919409A985814E88EC73220"><enum>(iv)</enum><text>Subsection
(c)(3) shall not apply with respect to 2- or 3-wheeled motor vehicles.</text>
</clause></subparagraph></paragraph><paragraph id="idCDA26468981D45408B4B1D859FCF2BF6"><enum>(3)</enum><header>Application of
limitation</header><text>The limitation provided in subsection (b)(2) shall be
applied separately with respect to 2- or 3-wheeled vehicles and with respect to
other motor vehicles, and in applying such limitation to 2- or 3-wheeled
vehicles, <quote>50,000</quote> shall be substituted for
<quote>500,000</quote>.</text>
</paragraph><paragraph id="id2F2AFED690F54E9C84EC292CAE1AF42D"><enum>(4)</enum><header><enum-in-header>2-</enum-in-header>
or 3-wheeled motor vehicle</header><text>The term <term>2- or 3-wheeled
vehicle</term> means any vehicle—</text>
<subparagraph id="idAD0D44E8CA8C46E4AAC2A0775676CABC"><enum>(A)</enum><text>which would be
described in section 30(c)(2) except that it has 2 or 3 wheels,</text>
</subparagraph><subparagraph id="idA0C4B8D8E9A84911BD985DFF1BD8AB0D"><enum>(B)</enum><text>with motive power
having a seat or saddle for the use of the rider and designed to travel on not
more than 3 wheels in contact with the ground,</text>
</subparagraph><subparagraph id="idF3A5509734B947A2A739EF4452395E13"><enum>(C)</enum><text>which has an
electric motor that produces in excess of 5-brake horsepower,</text>
</subparagraph><subparagraph id="id3B7F0E6845844EC1A30E64B4EF1296B9"><enum>(D)</enum><text>which draws
propulsion from 1 or more traction batteries, and</text>
</subparagraph><subparagraph id="idC642B19D7B1C47049A739F9E9DAAE55D"><enum>(E)</enum><text>which has been
certified to the Department of Transportation pursuant to section 567 of title
49, Code of Federal Regulations, as conforming to all applicable Federal motor
vehicle safety standards in effect on the date of the manufacture of the
vehicle.</text>
</subparagraph></paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="idF7E1F08C89884EEE8858C218A139DDCD"><enum>(2)</enum><header>Effective
date</header><text>The amendments made by this subsection shall apply to
property placed in service after December 31, 2008, in taxable years beginning
after such date.</text>
</paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="id563C7581FD3D4516B26149BF92A9E498"><enum>(d)</enum><header>Credit with
respect to low-speed vehicles</header>
<paragraph commented="no" display-inline="no-display-inline" id="id1DBD4C3618864BC6AB926419560E1383"><enum>(1)</enum><header>In
general</header><text>Subsection (e) of section 30D is amended by adding at the
end the following new paragraph:</text>
<quoted-block display-inline="no-display-inline" id="id66B9D59F176443C0B57CABF85FE6BD15" style="OLC">
<paragraph commented="no" display-inline="no-display-inline" id="idBFF6037259674DC69D774462937C97AE"><enum>(11)</enum><header>Special rules
for low-speed vehicles</header><text>In the case of a low-speed vehicle which
meets the requirements of section 571.500 of title 49, Code of Federal
Regulations—</text>
<subparagraph commented="no" display-inline="no-display-inline" id="idA0309268EA224696A2E13AD0074B4040"><enum>(A)</enum><text>subparagraph (A)
of subsection (a)(2) shall be applied with respect low-speed vehicles by
substituting <quote>$1,250</quote> for <quote>$2,500</quote>,</text>
</subparagraph><subparagraph id="IDdac454311482402eb2e9d65fb20e5389"><enum>(B)</enum><text>subparagraph (B)
of subsection (a)(2) shall be applied with respect to low-speed vehicles by
substituting <quote>$100 for each half kilowatt hour</quote> for <quote>$417
for each kilowatt hour</quote>,</text>
</subparagraph><subparagraph id="idCB274288CC1B4DD2BE737B69B9D181EB"><enum>(C)</enum><text>subparagraph (A)
of subsection (b)(1) shall be applied with respect to low-speed vehicles by
substituting <quote>$3,750</quote> for <quote>$7,500</quote>,</text>
</subparagraph><subparagraph id="ID402e3a5b307b40d9ac2958b49df98374"><enum>(D)</enum><text>the limitation
provided in subsection (b)(2) shall be applied separately with respect to
low-speed vehicles and with respect to other motor vehicles, and in applying
such limitation to low-speed vehicles, <quote>50,000</quote> shall be
substituted for <quote>500,000</quote>, and</text>
</subparagraph><subparagraph id="ID983a0c735b0345aeb1ee1a5858723990"><enum>(E)</enum><text>subsection (c)(3)
shall not apply with respect to low-speed
vehicles.</text>
</subparagraph></paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="id66712C7D44CB47ABB44EAE140A865412"><enum>(2)</enum><header>Effective
date</header><text>The amendment made by this subsection shall apply to
property placed in service after December 31, 2008, in taxable years beginning
after such date.</text>
</paragraph></subsection></section><section id="ID93801490d4d6415f9c179c8c6bf4442e"><enum>403.</enum><header>Transportation
sector electrification programs</header>
<subsection id="IDb38fca5f95f1423f9f8e11303ef028f5"><enum>(a)</enum><text>Out of any sums
in the Treasury of the United States not otherwise appropriated, $600,000,000
is appropriated for expenses necessary to implement the programs authorized
under section 131(b) of the Energy Independence and Security Act of 2007 (42
U.S.C. 17011(b)). Such sums shall remain available until expended.</text>
</subsection><subsection id="IDde76c4f3a362446ab99d8c172298743b"><enum>(b)</enum><text>Out of any sums
in the Treasury of the United States not otherwise appropriated, $600,000,000
is appropriated for expenses necessary to implement the programs authorized
under section 131(c) of the Energy Independence and Security Act of 2007 (42
U.S.C. 17011(c)). Such sums shall remain available until expended.</text>
</subsection></section><section id="ID5477116e856944328ca17f9a6a3e994b"><enum>404.</enum><header>Energy storage
competitiveness</header><text display-inline="no-display-inline">Out of any
sums in the Treasury of the United States not otherwise appropriated,
$1,800,000,000 is appropriated for expenses necessary to implement the programs
authorized under section 641 of the Energy Independence and Security Act of
2007 (42 U.S.C. 17231). Such sums shall remain available until expended.</text>
</section><section id="ID9637befa6f0649948d8eb9be3a6fcba5"><enum>405.</enum><header>Advanced
battery manufacturing</header><text display-inline="no-display-inline">Out of
any sums in the Treasury of the United States not otherwise appropriated,
$1,000,000,000 is appropriated for expenses necessary for the manufacturing of
advanced batteries authorized under section 136(b)(1)(B) of the Energy
Independence and Security Act of 2007 (42 U.S.C. 17013(b)(1)(B)). Such sums
shall remain available until expended.</text>
</section><section commented="no" display-inline="no-display-inline" id="idC6C9A315939F4E87B23360518E94158B"><enum>406.</enum><header>Extension of
credits for biodiesel and renewable diesel</header><text display-inline="no-display-inline">Sections 40A(g), 6426(c)(6), and
6427(e)(6)(B) are each amended by striking <quote>December 31, 2009</quote> and
inserting <quote>December 31, 2010</quote>.</text>
</section><section id="IDbdc781a07ca34753860af654c514f4cd"><enum>407.</enum><header>Expansion and
extension of electric and alternative fuel vehicle refueling property
credit</header>
<subsection id="ID0aee002d55394f449ca34f84ef3eb820"><enum>(a)</enum><header>Expansion</header>
<paragraph id="id73C0CE34881F4BDAA8865AB658C27F57"><enum>(1)</enum><header>In
general</header><text>Section 30C is amended—</text>
<subparagraph id="ID7c83edb475064e028d7eb0a8f1241ab5"><enum>(A)</enum><text>by striking
<quote>30 percent</quote> in subsection (a) and inserting <quote>50
percent</quote>, and</text>
</subparagraph><subparagraph id="ID171a4654e73843b8a8c1e8806b15f64c"><enum>(B)</enum><text>by striking
<quote>$30,000</quote> in subsection (b)(1) and inserting
<quote>$50,000</quote>.</text>
</subparagraph></paragraph><paragraph id="IDdfe05afab8d84c0db396a851159b346f"><enum>(2)</enum><header>Effective
date</header><text>The amendments made by this subsection shall apply to
property placed in service after the date of the enactment of this Act, in
taxable years ending after such date.</text>
</paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="IDccce9016df324d5b9a0f304e9ab6fa74"><enum>(b)</enum><header>Extension</header><text>Subsection
(g) of section 30C is amended to read as follows:</text>
<quoted-block display-inline="no-display-inline" id="idAA7DEC1AB10B4583819C0EE5EF56B82A" style="OLC">
<subsection commented="no" display-inline="no-display-inline" id="id51AC3ABC0A4D42C184153C64E9CA1A98"><enum>(g)</enum><header>Termination</header><text>This
section shall not apply to any property placed in service after December 31,
2014.</text>
</subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection></section><enum>V</enum><header>Energy efficiency
investments</header>
<section id="id0D9D53AB8B914F5380AC690A57E609A1"><enum>501.</enum><header>Modification
of credit for residential energy efficient property</header>
<subsection id="id23422C4B1AA348E0BACEE562F87644ED"><enum>(a)</enum><header>Increase in
credit percentage</header><text>Section 25D(a) is amended by striking <quote>30
percent</quote> each place it appears and inserting <quote>50
percent</quote>.</text>
</subsection><subsection id="H2A0632731E1648F682BA2DE9B9E2DAE5"><enum>(b)</enum><header>Credit for
qualified energy storage air conditioner property installed in a principal
residence</header>
<paragraph id="H02456E716D394228BDCF5F86B0EC8397"><enum>(1)</enum><header>In
general</header><text>Section 25D(a), as amended by subsection (a), is amended
by striking <quote>and</quote> at the end of paragraph (4), by striking the
period at the end of paragraph (5) and inserting <quote>, and</quote>, and by
adding at the end the following new paragraph:</text>
<quoted-block id="H04A732D403C9425CB050EAA03C17D200" style="OLC">
<paragraph id="HCFA4449BAD364591864EC64E48C59B1F"><enum>(6)</enum><text>50 percent of the
qualified energy storage air conditioner property expenditures made by the
taxpayer during such
year.</text>
</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph><paragraph id="H6B1F24A3BF8F4159BBF700494FE35C3E"><enum>(2)</enum><header>Qualified energy
storage air conditioner property expenditure</header><text>Section 25D(d) is
amended by adding at the end the following new paragraph:</text>
<quoted-block id="HDCAB4318B30D403FAEA8200431DEE8D" style="OLC">
<paragraph id="H73A6652C8AFE4A1C90003433AEEF820"><enum>(6)</enum><header>Qualified energy
storage air conditioner property expenditure</header><text>The term
<quote>qualified energy storage air conditioner property expenditure</quote>
means an expenditure for qualified energy storage air conditioner property (as
defined in section 48(c)(5)) installed on or in connection with a dwelling unit
located in the United States and used as a principal residence (within the
meaning of section 121) by the
taxpayer.</text>
</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph><paragraph id="HF1EAF260A2524492B77F03E1F495C8AB"><enum>(3)</enum><header>Modification of
maximum credit</header>
<subparagraph id="H234C77A77A624DC8904871C24CCB59C6"><enum>(A)</enum><header>In
general</header><text>Paragraph (1) of section 25D(b) is amended by striking
<quote>and</quote> at the end of subparagraph (C), by striking the period at
the end of subparagraph (D) and inserting <quote>, and</quote>, and by adding
at the end the following new subparagraph:</text>
<quoted-block id="H048D66FA3A114490817134D9F1DE14A2" style="OLC">
<subparagraph id="H2706EDC6F8AE44FE8E243DC7C9CED896"><enum>(E)</enum><text>$500 with respect
to each half kilowatt of peak demand reduction (as defined in section 48(c)(5))
of qualified energy storage air conditioner property (as defined in section
48(c)(5)) for which qualified energy storage air conditioner expenditures are
made.</text>
</subparagraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subparagraph><subparagraph id="HDEDC3004316346D8B75DE572DFB627E"><enum>(B)</enum><header>Conforming
amendments</header>
<clause id="id04BFA01C11B34CC385D7E1D1B73DDDC1"><enum>(i)</enum><text>Subparagraph (A)
of section 25D(e)(4) is amended by striking <quote>and</quote> at the end of
clause (iii), by striking the period at the end of clause (iv) and inserting
<quote>, and</quote>, and by adding at the end the following new clause:</text>
<quoted-block id="HC8B3D3BF02734C56A7FCB00A7040E2" style="OLC">
<clause id="HCFD161E439FF44EDA64E0080A0C5E4EB"><enum>(v)</enum><text>$1,667 in the case
of each half kilowatt of peak demand reduction (as defined in section 48(c)(5))
of qualified energy storage air conditioner property (as defined in section
48(c)(5)) for which qualified energy storage air conditioner expenditures are
made.</text>
</clause><after-quoted-block>.</after-quoted-block></quoted-block>
</clause><clause id="id806249F2EE52444394BE1EEEDEF8C86D"><enum>(ii)</enum><text>Subparagraph (C)
of section 25D(e)(4) is amended by striking <quote>paragraphs (1), (2), and
(3)</quote> and inserting <quote>paragraphs (1), (3), (4), (5), and
(6)</quote>.</text>
</clause></subparagraph></paragraph></subsection><subsection id="H1D608F0AA9DE4DFAAF76C8BCFC97FBD6"><enum>(c)</enum><header>Effective
date</header><text>The amendments made by this section shall apply to property
placed in service after December 31, 2008, in taxable years ending after such
date.</text>
</subsection></section><section id="H9618E20D2E4F45E482468046AD59CCE"><enum>502.</enum><header>Business credit
for qualified energy storage air conditioner property</header>
<subsection id="H79DA22C954F14FD5B6CB032027311333"><enum>(a)</enum><header>In
general</header><text>Subparagraph (A) of section 48(a)(3) is amended by
deleting <quote>or</quote> at the end of clause (vi), by inserting
<quote>or</quote> at the end of clause (vii), and by inserting after clause
(vii) the following new clause:</text>
<quoted-block id="H38AAA07EC2B24F669322968892088908" style="OLC">
<clause id="H5543D43463C24B02A550005825122E60"><enum>(viii)</enum><text>qualified
energy storage air conditioner property but only with respect to periods ending
before January 1,
2017,</text>
</clause><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="HF5CB6A15043D49DCAC6C4CB8B1AABB4"><enum>(b)</enum><header>30 percent
credit</header><text>Clause (i) of section 48(a)(2)(A) is amended by striking
<quote>and</quote> at the end of subclause (III) and by inserting after
subclause (IV) the following new subclause:</text>
<quoted-block id="H5C59C94C71A74F6CA2DD3F8EF9A3227C" style="OLC">
<subclause id="HDF80DDCADBFF42EE958BF5847E760079"><enum>(V)</enum><text>qualified energy
storage air conditioner property,
and</text>
</subclause><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="H28C10BCC8D1A4877009D544EC128B1AD"><enum>(c)</enum><header>Qualified energy
storage air conditioner property</header><text>Section 48(c) is amended by
adding at the end the following new paragraph:</text>
<quoted-block id="H825C1FD3B19F4544953612E0C133AD50" style="OLC">
<paragraph id="H40E7832A60D74A54B27BBB9BA662C64"><enum>(5)</enum><header>Qualified energy
storage air conditioner property</header><text>For the purposes of this
section—</text>
<subparagraph id="H6B6FF0A3EDF74D98A588549B8E721304"><enum>(A)</enum><header>In
general</header><text>The term <quote>qualified energy storage air conditioner
property</quote> means a cooling system which—</text>
<clause id="H1608BC6712484CD692371BE048D82B66"><enum>(i)</enum><text>consists of
thermal storage or ice storage components which create, store, and supply
cooling energy to reduce peak electricity demand by displacing the daytime peak
electrical demand of conventional mechanical cooling equipment,</text>
</clause><clause id="H12079EF562554628A833567704E47F79"><enum>(ii)</enum><text>has a nameplate
operational capability to deliver a minimum of 29,000 Btu and a maximum of
240,000 Btu of cooling capacity,</text>
</clause><clause id="HEB0904C0B5C9442894027277F64403C0"><enum>(iii)</enum><text>is designed to
deliver such cooling capacity for a minimum continuous period of 3 hours,
available daily from May 1 through September 30, coincident with daytime peak
load periods,</text>
</clause><clause id="HEA20A3C7FB64418B835E1507318EAB1F"><enum>(iv)</enum><text>is designed so as
to reduce peak kilowatt demand by 90 percent for the cooling load served,
and</text>
</clause><clause id="H1742D0C56EC44F0D8C0094E290DAA833"><enum>(v)</enum><text>is
designed so as not to exceed the 24 hour energy consumption of conventional
cooling equipment by more than 10 percent.</text>
</clause></subparagraph><subparagraph id="H55D957541F6B4C83B4AAB6C56D349B2F"><enum>(B)</enum><header>Inclusion of
related equipment</header><text>Such term shall include any secondary
components which integrate the cooling system described in paragraph (1) with
the conventional cooling system, including equipment and controls for measuring
and reporting operation and performance, but shall not include any portion of
the conventional cooling system.</text>
</subparagraph><subparagraph id="H085F1A86AFA143AEAA75AFF8F6B84F6D"><enum>(C)</enum><header>Limitation</header>
<clause id="HC7E918A15989484C8FC0000123FFBB64"><enum>(i)</enum><header>In
general</header><text>In the case of qualified energy storage air conditioner
property placed in service during the taxable year, the credit otherwise
determined under this section for such year with respect to such property shall
not exceed an amount equal to $500 for each 0.5 kilowatt of peak demand
reduction of such property.</text>
</clause><clause id="H418F6B83C54C440C9DDF3FDF78BBE735"><enum>(ii)</enum><header>Peak demand
reduction</header><text display-inline="yes-display-inline">For purposes of
this subsection, the term <quote>peak demand reduction</quote> means the
removal of electrical demand (kW) on the utility grid system during the daily
time period of high electrical demand. The peak demand reduction shall be
determined based on Energy Efficiency Ratio (EER) standards for residential and
commercial air conditioning equipment, established under the Energy Policy and
Conservation Act of
1975.</text>
</clause></subparagraph></paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="id3AE4593043394199B769A311D05123C4"><enum>(d)</enum><header>Conforming
amendment</header><text>Section 48(a)(1) is amended by striking <quote>and
(3)(B)</quote> and inserting <quote>(3)(B), (4)(B), and (5)(C)</quote>.</text>
</subsection><subsection id="id7C5BCF52EB644A46A9FE1F46A65D5645"><enum>(e)</enum><header>Effective
date</header><text>The amendments made by this section shall apply to periods
after December 31, 2008, under rules similar to the rules of section 48(m) of
the Internal Revenue Code of 1986 (as in effect before the date of the
enactment of the Revenue Reconciliation Act of 1990).</text>
</subsection></section><section id="idD547BE378A2A4AEA913CDBB6F29833B9"><enum>503.</enum><header>Extension and
modification of new energy efficient home credit</header>
<subsection id="idB2B54EAE090F431AAC9156B45219F06E"><enum>(a)</enum><header>Extension</header><text display-inline="yes-display-inline">Subsection (g) of section 45L (relating to
termination) is amended by striking <quote>December 31, 2009</quote> and
inserting <quote>December 31, 2012</quote>.</text>
</subsection><subsection id="idAE3E77ACB32E4905A243D80169D63822"><enum>(b)</enum><header>Increase</header><text>Paragraph
(2)(A) of section 45L(a) (relating to allowance of credit) is amended by
striking <quote>$2,000</quote> and inserting <quote>$4,000</quote>.</text>
</subsection><subsection commented="no" display-inline="no-display-inline" id="idCBBFF0BEC32E43018951E806495689F1"><enum>(c)</enum><header>Effective
date</header><text>The amendments made by this section shall apply to homes
constructed and acquired after December 31, 2008.</text>
</subsection></section><section id="idB254A0266F3C4543A55E1B83A9BC43C7" section-type="subsequent-section"><enum>504.</enum><header>Extension and
modification of deduction for energy efficient commercial buildings</header>
<subsection id="idE6AFC7A2F3F54796991E9BAA4BBB69BD"><enum>(a)</enum><header>Increase in
maximum amount of deduction</header>
<paragraph id="id521844DAB701453C8C16CAF730E39189"><enum>(1)</enum><header>In
general</header><text>Subparagraph (A) of section 179D(b)(1) is amended by
striking <quote>$1.80</quote> and inserting <quote>$2.25</quote>.</text>
</paragraph><paragraph id="id981E555F4A154469A65369D489DF1579"><enum>(2)</enum><header>Partial
allowance</header><text>Paragraph (1) of section 179D(d) is amended—</text>
<subparagraph id="id8C5A202D4C344CF195AA2D0A01840A3B"><enum>(A)</enum><text>by striking
<quote>$.60</quote> and inserting <quote>$.75</quote>, and</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="idA0C3190E8E204F9DB2CD2F7D4CB08171"><enum>(B)</enum><text>by striking
<quote>$1.80</quote> and inserting <quote>$2.25</quote>.</text>
</subparagraph></paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="id2F6740B9A8DD442AB7BF452115F0717C"><enum>(b)</enum><header>Effective
date</header><text>The amendments made by this section shall apply to property
placed in service in taxable years beginning after the date of the enactment of
this Act.</text>
</subsection></section><section commented="no" display-inline="no-display-inline" id="id6DB8CFC1A40C42F2800C581C552CB5E6"><enum>505.</enum><header>Extension and
modification of nonbusiness energy property</header>
<subsection id="idF7C9691B6D5C4C68A57B9DC15E248E95"><enum>(a)</enum><header>Extension</header><text display-inline="yes-display-inline">Subsection (g)(2) of section 25C (relating
to termination) is amended by striking <quote>December 31, 2009</quote> and
inserting <quote>December 31, 2010</quote>.</text>
</subsection><subsection commented="no" display-inline="no-display-inline" id="idB800ACC31DAC496BBF3F3CD96B60589E"><enum>(b)</enum><header>Increase in
taxpayer limitation</header><text>Paragraph (1) of section 25C(b) is amended by
striking <quote>$500</quote> and inserting <quote>$2,000</quote>.</text>
</subsection><subsection commented="no" display-inline="no-display-inline" id="id4436497B65C44E0A8B42555CAC238718"><enum>(c)</enum><header>Effective
date</header><text>The amendments made by this section shall apply to property
placed in service after December 31, 2008.</text>
</subsection></section><section id="idE75FBE3E1BF04624A8CCB1398C446197" section-type="subsequent-section"><enum>506.</enum><header>Tax credits for
green roofs</header>
<subsection id="id4BB117F4AF424E21AE5E1B156D928553"><enum>(a)</enum><header>Green roofs
eligible for energy credit</header>
<paragraph id="id1E75C926D28745329D7E4F16EFD5BC70"><enum>(1)</enum><header>In
general</header><text>Subparagraph (A) of section 48(a)(3), as amended by
section 502, is amended by striking <quote>or</quote> at the end of clause
(vii), by striking the period at the end of clause (viii) and inserting
<quote>, or</quote>, and by adding at the end the following new clause:</text>
<quoted-block display-inline="no-display-inline" id="id9DB617F9F933499E857D50D59EDD3B05" style="OLC">
<clause id="id2BE94B7B30D1473AB0D8685168B150BC"><enum>(ix)</enum><text>a qualified
green roof (as defined in section
25D(d)(7)(B)).</text>
</clause><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph><paragraph id="id67E8C99F5696455BA0D9BF63B1698199"><enum>(2)</enum><header>30 percent
credit</header><text>Clause (i) of section 48(a)(2)(A), as amended by section
502, is amended by striking <quote>and</quote> at the end of subclause (IV) and
by inserting after subclause (V) the following new subclause:</text>
<quoted-block id="id0E648F6142204383895E589893733894" style="OLC">
<subclause id="idCE43D5243E574880A1C5D3C9C6A662AE"><enum>(VI)</enum><text>qualified green
roof (as defined in section 25D(d)(7)(B)),
and</text>
</subclause><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph><paragraph id="id3E761AD704024B38B1A6852D30309FE6"><enum>(3)</enum><header>Effective
date</header><text>The amendments made by this subsection shall apply to
periods after December 31, 2009, under rules similar to the rules of section
48(m) of the Internal Revenue Code of 1986 (as in effect before the date of the
enactment of the Revenue Reconciliation Act of 1990).</text>
</paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="H208C777AAB6147FAB471C3B43989528D"><enum>(b)</enum><header>Credit for
residential green roofs</header>
<paragraph commented="no" id="H5A7E1B4D00E84C9B814160F600CF1CB"><enum>(1)</enum><header>In
general</header>
<subparagraph commented="no" id="idE58752F7FCC94ADEAEB9DEDE3580E3AF"><enum>(A)</enum><header>Allowance of
credit</header><text>Section 25D(a) (relating to allowance of credit), as
amended by section 501, is amended by striking <quote>and</quote> at the end of
paragraph (5), by striking the period at the end of paragraph (6) and inserting
<quote>, and</quote>, and by adding at the end the following new
paragraph:</text>
<quoted-block display-inline="no-display-inline" id="HE600E3893245447C9ECB3C259D80DFDF" style="OLC">
<paragraph id="H156570CDA51C4865B7C756092C6B5E30"><enum>(7)</enum><text>30 percent of the
qualified green roof property expenditures made by the taxpayer during such
year.</text>
</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subparagraph><subparagraph commented="no" id="H10D0294808E14C95B30322538FB30051"><enum>(B)</enum><header>Limitation</header><text>Section
25D(b) (relating to limitations), as amended by section 501, is amended—</text>
<clause commented="no" id="idB19151D9C06D41749BCB593CAC01F076"><enum>(i)</enum><text>by striking
<quote>and</quote> at the end of paragraph (1)(D), by striking the period at
the end of paragraph (1)(E) and inserting <quote>, and</quote>, and by adding
at the end of paragraph (1) the following new subparagraph:</text>
<quoted-block display-inline="no-display-inline" id="H54C948903DAC4AE7ACAD19ADFFD7CAE" style="OLC">
<subparagraph id="H4BD7CC648BD846F7A06DAF91128F217B"><enum>(F)</enum><text>$5,000 with
respect to any qualified green roof property
expenditures.</text>
</subparagraph><after-quoted-block>,
and</after-quoted-block></quoted-block>
</clause><clause commented="no" id="id1F23DA437EA54BA28E3075839FCF43C0"><enum>(ii)</enum><text>by adding at the
end the following new paragraph:</text>
<quoted-block display-inline="no-display-inline" id="id19DEE4993C0747169B8118850A23032D" style="OLC">
<paragraph commented="no" id="idB6D54CD7266240CB81166E002B820510"><enum>(3)</enum><header>Certification
for green roof property</header><text>No credit shall be allowed under this
section for an item of property described in subsection (d)(7), unless the
taxpayer certifies that—</text>
<subparagraph id="ID53bbc02c7f534970bf7feb37b2e54bda"><enum>(A)</enum><text>such taxpayer has
received all required permits and approvals to construct the green roof,</text>
</subparagraph><subparagraph id="id4847F22FF7B24B359A8B019B66F669A7"><enum>(B)</enum><text>such roof is
designed and constructed by licensed design professionals, consultants and
contractors under applicable building codes and appropriate licensing laws,
and</text>
</subparagraph><subparagraph id="id7004E61D9FA3455EB60B382ADB462E52"><enum>(C)</enum><text>such taxpayer has
received a written analysis confirming that—</text>
<clause id="ID7ace48f7e1ab4d069a28f4d5634accde"><enum>(i)</enum><text>the structural
capacity of the roof would support the proposed green roof, and</text>
</clause><clause id="id0610DA1561204E78B0F0C5B4BB7A14C7"><enum>(ii)</enum><text>the condition of
the roof is satisfactory for green roof construction and there is appropriate
safe access to the roof for maintenance
purposes.</text>
</clause></subparagraph></paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</clause></subparagraph><subparagraph commented="no" id="H0D2143BBDBFA45CE9B70006400CA18C6"><enum>(C)</enum><header>Qualified green
roof property expenditures</header><text>Section 25D(d) (relating to
definitions), as amended by section 501, is amended by adding at the end the
following new paragraph:</text>
<quoted-block display-inline="no-display-inline" id="H6E4B63BFEEB8478F8CABEC184F93FA97" style="OLC">
<paragraph id="HF45156705568485B98A257E887075153"><enum>(7)</enum><header>Qualified green
roof property expenditure</header>
<subparagraph id="id7D26D4260C85492FAF3B032907861766"><enum>(A)</enum><header>In
general</header><text>The term <term>qualified green roof property
expenditure</term> means an expenditure described in subparagraph (B) for a
qualified green roof which is installed on a building located in the United
States and used as a residence by the taxpayer.</text>
</subparagraph><subparagraph id="idCF836782810F4C0C92320C1E2334A771"><enum>(B)</enum><header>Expenditures
described</header><text>An expenditure described in this subparagraph is an
expenditure for—</text>
<clause id="IDb855a0cead5849d681865ddea11a1eb1"><enum>(i)</enum><text>design and
construction services,</text>
</clause><clause id="IDaec77e908e464e198b7f32e11b3f119e"><enum>(ii)</enum><text>permit process
expenses,</text>
</clause><clause id="ID9f0ef1d77cfa4258b43f250728d2fba0"><enum>(iii)</enum><text>structural
analysis,</text>
</clause><clause id="IDe2158a6b001248ff998b3a269b19afe7"><enum>(iv)</enum><text>design,
construction, materials, and installation of irrigation systems plans,</text>
</clause><clause id="ID98ccad1517f54536aa29c045c7e7db02"><enum>(v)</enum><text>design,
construction, materials, and installation of waterproofing,</text>
</clause><clause id="IDb72b09268fde4eae848c09d303c62aec"><enum>(vi)</enum><text>purchase and
installation of growing media, vegetation, and other green roof matter,</text>
</clause><clause id="ID47b33914e5944b359a068962fe06d998"><enum>(vii)</enum><text>leak detection
systems and membrane protection and quality control,</text>
</clause><clause id="IDf7571f5798364899a50b919650c97614"><enum>(viii)</enum><text>design,
assembly, and original installation,</text>
</clause><clause id="IDe521f2f07bae4e9ca981e5fa78de75b0"><enum>(ix)</enum><text>labor costs
properly allocable to on-site preparation, and</text>
</clause><clause commented="no" display-inline="no-display-inline" id="IDc5855be3593b40bba4ea3e188760626e"><enum>(x)</enum><text>monitoring and
maintenance activities until vegetation is established, including monitoring
and maintenance plan for the system once established for the life of the green
roof system.</text>
</clause></subparagraph><subparagraph id="id537F3607162848DD96C2E339A8FDF9A1"><enum>(C)</enum><header>Qualified green
roof</header><text>The term <term>qualified green roof</term> means any green
roof at least 50 percent of which is a vegetated green roof system constructed
under building code ASTM standards, where applicable. Such term includes any
retrofit or new construction green roof.</text>
</subparagraph><subparagraph id="id8D328CA459A148F2BCF6428066869572"><enum>(D)</enum><header>Green
roof</header><text>The term <term>green roof</term> means any roof which
consists of vegetation and soil, or a growing medium with a minimum 3 inch
depth, planted over a waterproofing membrane and its associated components,
such as a protection course, a root barrier, a drainage layer, or thermal
insulation and an aeration
layer.</text>
</subparagraph></paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subparagraph><subparagraph commented="no" id="H9FF16863F88148A592317CFFE6E9F968"><enum>(D)</enum><header>Maximum
expenditures in case of joint occupancy</header>
<clause commented="no" id="id1FF6A95ECC0D4979A22C385A62F5F67C"><enum>(i)</enum><header>In
general</header><text>Section 25D(e)(4)(A) (relating to maximum expenditures),
as amended by section 501, is amended by striking <quote>and</quote> at the end
of clause (iv), by striking the period at the end of clause (v) and inserting
<quote>, and</quote>, and by adding at the end the following new clause:</text>
<quoted-block display-inline="no-display-inline" id="H5283784469BF494C927FC60BA3F58B" style="OLC">
<clause commented="no" id="H02209E94B6F04FC6B600FD462966FB85"><enum>(vi)</enum><text>$1,667 in the
case of any qualified green roof property
expenditures.</text>
</clause><after-quoted-block>.</after-quoted-block></quoted-block>
</clause><clause id="idBB24B43990B04EF2B76099668F4CF8EF"><enum>(ii)</enum><header>Conforming
amendment</header><text>Subparagraph (C) of section 25D(e)(4), as amended by
section 501, is amended by striking <quote>and (6)</quote> and inserting
<quote>(6), and (7)</quote>.</text>
</clause></subparagraph></paragraph><paragraph commented="no" id="idEED74A471A474A07BEBDC1B0555609EB"><enum>(2)</enum><header>Effective
date</header><text>The amendments made by this subsection shall apply to
property placed in service after December 31, 2008, in taxable years ending
after such date.</text>
</paragraph></subsection></section><section id="IDdc5d7718b71540cab27458618a8cb335"><enum>507.</enum><header>Repeal of
certain limitations on credit for renewable energy property</header>
<subsection id="IDa763c2dcf7ed4818b0439b3969c270cf"><enum>(a)</enum><header>Repeal of
limitation on credit for qualified small wind energy
property</header><text>Paragraph (4) of section 48(c) is amended by striking
subparagraph (B) and by redesignating subparagraphs (C) and (D) as
subparagraphs (B) and (C), respectively.</text>
</subsection><subsection id="ID624c7f3e2f7f4721a12972cf5a3907e8"><enum>(b)</enum><header>Repeal of
limitation on property financed by subsidized energy financing</header>
<paragraph id="ID195e5ce75cc44a62bf809cea04b1d7f9"><enum>(1)</enum><header>In
general</header><text>Subsection (a) of section 48 is amended by striking
paragraph (4).</text>
</paragraph><paragraph id="ID6607caadcd9b4a2c86aa58197bbb372a"><enum>(2)</enum><header>Conforming
amendments</header>
<subparagraph id="ID1e71682386364b9f94310d48a83cb057"><enum>(A)</enum><text>Section 25C(e)(1)
is amended by striking <quote>‘(8), and (9)</quote>’ and inserting <quote>‘and
(8)</quote>’.</text>
</subparagraph><subparagraph id="IDccbf8c3c4efc416eaa56b1c72292ccaa"><enum>(B)</enum><text>Section 25D(e) is
amended by striking paragraph (9).</text>
</subparagraph></paragraph></subsection><subsection id="IDf8e2db6619394b2c891e6d19d5a7ec67"><enum>(c)</enum><header>Effective
dates</header>
<paragraph id="id200AA2A610DB4D08AE03F7A14912DF2F"><enum>(1)</enum><header>In
general</header><text>Except as provided in paragraph (2), the amendment made
by this section shall apply to periods after December 31, 2008, 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).</text>
</paragraph><paragraph id="ID697733045882476ca4a4f687c649a0a5"><enum>(2)</enum><header>Conforming
amendments</header><text>The amendments made by subsection (b)(2) shall apply
to taxable years beginning after December 31, 2008.</text>
</paragraph></subsection></section><section id="ID5c6d491620c94426ba66a8c29d8f7cbe"><enum>508.</enum><header>Energy
efficient appliance rebate program and Energy Star</header><text display-inline="no-display-inline">Out
of any sums in the Treasury of the United States not otherwise appropriated,
$300,000,000 is appropriated for expenses necessary to implement the program
authorized under section 124 of the Energy Policy Act of 2005 (42 U.S.C. 15821)
and the Energy Star program. Such sums shall remain available until
expended.</text>
</section>