II 111th CONGRESS 1st Session S. 922 IN THE SENATE OF THE UNITED STATES April 29, 2009 Ms. Murkowski 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 modify the term 5-year property.

1.

5-year accelerated depreciation period for equipment which produces electricity from marine renewables

(a)

In general

Subclause (III) of section 168(e)(3)(B)(vi) of the Internal Revenue Code of 1986 is amended to read as follows: (III)is described in section 45(d)(11) (without regard to any placed in service date) and converts marine and hydrokinetic renewable energy (as defined in section 45(c)(10)) into useable energy, and . (b)

Effective date

The amendment made by this section shall apply to property placed in service after the date of the enactment of this Act.