[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[S. 3183 Introduced in Senate (IS)]

112th CONGRESS
  2d Session
                                S. 3183

   To amend the Internal Revenue Code of 1986 to require the use of 
 domestic property to be eligible for certain tax incentives for solar 
                                energy.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                              May 15, 2012

    Mr. Schumer (for himself and Mr. Brown of Ohio) 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 require the use of 
 domestic property to be eligible for certain tax incentives for solar 
                                energy.

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

SECTION 1. USE OF DOMESTIC PROPERTY TO BE ELIGIBLE FOR CERTAIN TAX 
              INCENTIVES FOR SOLAR ENERGY.

    (a) Residential Energy Efficient Property Credit.--
            (1) In general.--Section 25D(e) of the Internal Revenue 
        Code of 1986 is amended by adding at the end the following new 
        paragraph:
            ``(9) Domestic solar property only.--No expenditure 
        relating to property described in paragraph (1) or (2) of 
        subsection (d) shall be taken into account for purposes of this 
        section unless--
                    ``(A) more than 70 percent (by value) of the 
                components of such property are made in the United 
                States, or
                    ``(B) more than 50 percent (by value) of the 
                components of such property are made in the United 
                States and the final point of manufacture of such 
                property is in the United States.''.
            (2) Effective date.--The amendment made by this subsection 
        shall apply to expenditures made after the date of the 
        enactment of this Act.
    (b) Energy Investment Credit.--
            (1) In general.--Section 48(a)(3) of the Internal Revenue 
        Code of 1986 is amended by adding at the end the following new 
        sentence: Such term shall not include property described in 
        clause (i) or (ii) of subparagraph (A) unless more than 70 
        percent (by value) of the components of such property are made 
        in the United States or unless more than 50 percent (by value) 
        of the components of such property are made in the United 
        States and the final point of manufacture of such property is 
        in the United States.
            (2) Effective date.--The amendment made by this subsection 
        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).
                                 <all>