[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[S. 870 Introduced in Senate (IS)]

111th CONGRESS
  1st Session
                                 S. 870

  To amend the Internal Revenue Code of 1986 to expand the credit for 
 renewable electricity production to include electricity produced from 
  biomass for on-site use and to modify the credit period for certain 
        facilities producing electricity from open-loop biomass.


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                   IN THE SENATE OF THE UNITED STATES

                             April 22, 2009

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

_______________________________________________________________________

                                 A BILL


 
  To amend the Internal Revenue Code of 1986 to expand the credit for 
 renewable electricity production to include electricity produced from 
  biomass for on-site use and to modify the credit period for certain 
        facilities producing electricity from open-loop biomass.

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

SECTION 1. MODIFICATION OF RENEWABLE ELECTRICITY PRODUCTION CREDIT FOR 
              BIOMASS FACILITIES.

    (a) Credit Allowed for On-Site Use of Electricity Produced From 
Biomass.--
            (1) In general.--Subsection (e) of section 45 of the 
        Internal Revenue Code of 1986 is amended by adding at the end 
        the following new paragraph:
            ``(12) Credit allowed for electricity produced from biomass 
        for on-site use.--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.''.
            (2) Effective date.--The amendment made by this subsection 
        shall apply to electricity produced after December 31, 2008.
    (b) Extended Credit Period for Certain Open-Loop Biomass 
Facilities.--
            (1) In general.--Clause (ii) of section 45(b)(4)(B) of the 
        Internal Revenue Code of 1986 is amended by striking ``5-year 
        period'' and inserting ``10-year period''.
            (2) Effective date.--The amendment made by this subsection 
        shall take effect on the date of the enactment of this Act.
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