[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[S. 157 Introduced in Senate (IS)]

112th CONGRESS
  1st Session
                                 S. 157

  To amend the Internal Revenue Code of 1986 to provide an investment 
     credit for solar light pipe property, and for other purposes.


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                   IN THE SENATE OF THE UNITED STATES

             January 25 (legislative day, January 5), 2011

   Mr. Kohl introduced the following bill; which was read twice and 
                  referred to the Committee on Finance

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                                 A BILL


 
  To amend the Internal Revenue Code of 1986 to provide an investment 
     credit for solar light pipe property, and for other purposes.

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

SECTION 1. INVESTMENT CREDIT FOR SOLAR LIGHT PIPE PROPERTY.

    (a) In General.--Subparagraph (A) of section 48(a)(3) of the 
Internal Revenue Code of 1986 is amended by striking ``or'' at the end 
of clause (vi), by adding ``or'' at the end of clause (vii), and by 
inserting after clause (vii) the following new clause:
                            ``(viii) equipment that--
                                    ``(I) uses prismatic or other 
                                lenses, glazing, reflectors, or 
                                concentrators to convey or diffuse (or 
                                both) natural light into a structure, 
                                or uses a highly reflective light pipe 
                                which has a solar collection component 
                                and a distribution lens at the ends to 
                                transport visible solar radiation from 
                                its collection point to illuminate the 
                                interior of a structure, and
                                    ``(II) integrates automatic 
                                lighting controls to adjust 
                                traditionally powered lighting to 
                                satisfy building lighting 
                                requirements,''.
    (b) Credit 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 inserting after subclause (IV) the following 
new subclause:
                                    ``(V)   energy property described 
                                in paragraph (3)(A)(viii), and''.  
    (c) Effective Date.--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).
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