[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3394 Introduced in House (IH)]

112th CONGRESS
  1st Session
                                H. R. 3394

To amend the Internal Revenue Code of 1986 to modify the energy credit 
                       for microturbine property.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            November 4, 2011

Ms. Linda T. Sanchez of California (for herself, Mr. Rangel, Mr. Baca, 
Ms. Kaptur, Mr. Moran, Mr. Tonko, Mr. Honda, and Ms. Hirono) introduced 
  the following bill; which was referred to the Committee on Ways and 
                                 Means

_______________________________________________________________________

                                 A BILL


 
To amend the Internal Revenue Code of 1986 to modify the energy credit 
                       for microturbine property.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``American Microturbine Manufacturing 
and Clean Energy Deployment Act of 2011''.

SEC. 2. MODIFICATION OF ENERGY CREDIT FOR MICROTURBINE PROPERTY.

    (a) Increase in Energy Percentage.--Clause (i) of section 
48(a)(2)(A) of the Internal Revenue Code of 1986 is amended by striking 
``and'' at the end of subclause (III) and by adding at the end the 
following new subclause:
                                    ``(V) qualified microturbine 
                                property, and''.
    (b) Modification of Definition of Qualified Microturbine Property 
Definition.--Subparagraph (A) of section 48(c)(2) of such Code is 
amended--
            (1) by striking ``2,000 kilowatts'' in clause (i) and 
        inserting ``5,000 kilowatts'', and
            (2) by striking ``and'' at the end of clause (i), by 
        striking the period at the end of clause (ii) and inserting ``, 
        and'', and by adding at the end the following new clause:
                            ``(iii) has no single microturbine engine 
                        with a nameplate capacity of more than 500 
                        kilowatts.''.
    (c) Elimination of Per Kilowatt Limitation.--Paragraph (2) of 
section 48(c) of such Code is amended by striking subparagraph (B), by 
redesignating subparagraph (C) as subparagraph (B), and by inserting 
after subparagraph (B) (as so redesignated) the following new 
subparagraph:
                    ``(C) Credit may not exceed credit amount 
                allocated.--
                            ``(i) In general.--The amount of credit 
                        determined under this section for any taxable 
                        year with respect to any qualified microturbine 
                        property placed in service by the taxpayer 
                        shall not exceed the credit dollar amount 
                        allocated to the taxpayer under this 
                        subparagraph with respect to such property.
                            ``(ii) Aggregate limitation.--The aggregate 
                        credits allowed under this section with respect 
                        to qualified microturbine property shall not 
                        exceed $250,000,000.
                            ``(iii) Allocation by secretary.--The 
                        Secretary shall allocate the dollar amount 
                        described in clause (ii) among the applicants 
                        for such credit in such manner as the Secretary 
                        determines appropriate.''.
    (d) Effective Date.--The amendments made by this section shall 
apply to periods after the date of the enactment of this Act, in 
taxable years ending after such date, under rules similar to the rules 
of section 48(m) of such Code (as in effect on the day before the date 
of the enactment of the Revenue Reconciliation Act of 1990).
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