[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[S. 2391 Introduced in Senate (IS)]

<DOC>






114th CONGRESS
  1st Session
                                S. 2391

   To amend the Internal Revenue Code of 1986 to permanently extend 
                     certain energy tax provisions.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                           December 10, 2015

 Mr. Sanders (for himself, Mr. Markey, and Mr. Merkley) 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 permanently extend 
                     certain energy tax provisions.

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

SECTION 1. SHORT TITLE; TABLE OF CONTENTS.

    (a) Short Title.--This Act may be cited as the ``American Clean 
Energy Investment Act of 2015''.
    (b) Table of Contents.--The table of contents of this Act is as 
follows:

Sec. 1. Short title; table of contents.
 TITLE I--REDUCING CARBON POLLUTION AND CREATING JOBS BY TRANSITIONING 
                     TO SUSTAINABLE ENERGY SOURCES

Sec. 101. Permanent extension and modification of credits with respect 
                            to facilities producing energy from certain 
                            renewable resources.
Sec. 102. Permanent extension and modification of energy credit.
Sec. 103. Permanent extension of qualifying advanced energy project 
                            credit.
Sec. 104. Promoting access to renewable energy and energy efficiency 
                            for tax-exempt organizations.
  TITLE II--SAVING CONSUMERS AND BUSINESSES MONEY BY PROMOTING ENERGY 
                               EFFICIENCY

Sec. 201. Permanent extension of energy efficient commercial buildings 
                            deduction.
Sec. 202. Permanent extension of new energy efficient home credit.
Sec. 203. Permanent extension and refundability of credit for 
                            nonbusiness energy property.
Sec. 204. Permanent extension, modification, and refundability of 
                            credit for residential energy efficient 
                            property.
              TITLE III--HELPING AMERICANS MOVE BEYOND OIL

Sec. 301. Permanent extension, increase, and refundability of credit 
                            for qualified new plug in electric drive 
                            motor vehicles.
Sec. 302. Permanent extension of credit for hybrid medium- and heavy-
                            duty trucks.
Sec. 303. Extension of second generation biofuel producer credit.
Sec. 304. Extension of incentives for biodiesel and renewable diesel.
Sec. 305. Extension of special allowance for second generation biofuel 
                            plant property.
Sec. 306. Extension and modification of the alternative fuel vehicle 
                            refueling property credit.
Sec. 307. Permanent extension of parity of exclusion from income for 
                            employer-provided mass transit and parking 
                            benefits.

 TITLE I--REDUCING CARBON POLLUTION AND CREATING JOBS BY TRANSITIONING 
                     TO SUSTAINABLE ENERGY SOURCES

SEC. 101. PERMANENT EXTENSION AND MODIFICATION OF CREDITS WITH RESPECT 
              TO FACILITIES PRODUCING ENERGY FROM CERTAIN RENEWABLE 
              RESOURCES.

    (a) Extension for Qualified Facilities Other Than Biomass 
Facilities.--Section 45(d) of the Internal Revenue Code of 1986 is 
amended--
            (1) in paragraph (1), by striking ``, and the construction 
        of which begins before January 1, 2015'',
            (2) in paragraph (4), by striking ``and which'' and all 
        that follows through the period and inserting the following: 
        ``and, in the case of a facility using solar energy, which is 
        placed in service before January 1, 2006.'',
            (3) in paragraph (6), by striking ``and the construction of 
        which begins before January 1, 2015'',
            (4) in paragraph (7), by striking ``and the construction of 
        which begins before January 1, 2015'',
            (5) in paragraph (9)(A)--
                    (A) in clause (i), by striking ``and before January 
                1, 2015'', and
                    (B) in clause (ii), by striking ``and the 
                construction of which begins before January 1, 2015'', 
                and
            (6) in paragraph (11)(B), by striking ``and the 
        construction of which begins before January 1, 2015''.
    (b) Extension of Election To Treat Qualified Facilities Other Than 
Biomass Facilities as Energy Property.--
            (1) In general.--Clause (ii) of section 48(a)(5)(C) of the 
        Internal Revenue Code of 1986 is amended by striking ``and the 
        construction of which begins before January 1, 2015''.
            (2) Exclusion of biomass facilities.--Clause (i) of section 
        48(a)(5)(C) is amended by striking ``(2), (3),''.
    (c) Limitation on Credit for Wind Facilities.--Section 45(b) of the 
Internal Revenue Code of 1986 is amended by adding at the end the 
following new paragraph:
            ``(5) Limitation for wind facilities.--
                    ``(A) In general.--In the case of any qualified 
                facility described in subsection (d)(1) the 
                construction of which begins after calendar year after 
                2021, subsection (a) shall be applied by substituting 
                `the applicable amount' for `1.5 cents'.
                    ``(B) Applicable amount.--For purposes of 
                subparagraph (A), the applicable amount shall be 
                determined as follows:


------------------------------------------------------------------------
                                                                 The
   ``In the case of a facility the construction of which      applicable
                          begins--                           amount is--
------------------------------------------------------------------------
in 2022....................................................    2.0 cents
in 2023....................................................    1.7 cents
in 2024....................................................    1.4 cents
after 2024.................................................   1.1 cents.
------------------------------------------------------------------------

                    ``(C) Inflation adjustment.--The applicable amount 
                determined under subparagraph (B) for any facility 
                shall be adjusted by the inflation adjustment factor 
                for the calendar year in which the sale occurs. If any 
                amount as increased under the preceding sentence is not 
                a multiple of 0.1 cent, such amount shall be rounded to 
                the nearest multiple of 0.1 cent.''.
    (d) Effective Dates.--The amendments made by this section shall 
take effect on January 1, 2015.

SEC. 102. PERMANENT EXTENSION AND MODIFICATION OF ENERGY CREDIT.

    (a) In General.--Section 48 of the Internal Revenue Code of 1986 is 
amended--
            (1) in subsection (a)--
                    (A) in paragraph (2)(A)(i)(II), by striking ``but 
                only with respect to periods ending before January 1, 
                2017'', and
                    (B) in paragraph (3)(A)--
                            (i) in clause (ii), by striking ``but only 
                        with respect to periods ending before January 
                        1, 2017'', and
                            (ii) in clause (vii), by striking ``, but 
                        only with respect to periods ending before 
                        January 1, 2017'', and
            (2) in subsection (c)--
                    (A) in paragraph (1), by striking subparagraph (D),
                    (B) in paragraph (2), by striking subparagraph (D),
                    (C) in paragraph (3)(A), by inserting ``and'' at 
                the end of clause (ii), by striking ``, and'' at the 
                end of clause (iii) and inserting a period, and by 
                striking clause (iv), and
                    (D) in paragraph (4), by striking subparagraph (C).
    (b) Extension of 30-Percent Investment Credit for Offshore Wind 
Energy Facilities.--
            (1) In general.--
                    (A) In general.--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 (IV) and by 
                adding at the end the following new subclause:
                                    ``(V) qualified offshore wind 
                                energy property, and''.
                    (B) Qualified offshore wind energy property 
                defined.--Subsection (c) of section 48 of such Code is 
                amended by adding at the end the following new 
                paragraph:
            ``(5) Qualified offshore wind energy property.--
                    ``(A) In general.--The term `qualified offshore 
                wind energy property' means property which is part of a 
                qualified offshore wind facility.
                    ``(B) Qualified offshore wind facility.--For 
                purposes of subparagraph (A), the term `qualified 
                offshore wind facility' means any facility which--
                            ``(i) uses wind to generate electricity, 
                        and
                            ``(ii) is located in--
                                    ``(I) the inland navigable waters 
                                of the United States, including the 
                                Great Lakes, or
                                    ``(II) the coastal waters of the 
                                United States, including the 
                                territorial seas of the United States, 
                                the exclusive economic zone of the 
                                United States, and the outer 
                                Continental Shelf of the United 
                                States.''.
                    (C) Conforming amendment.--Subparagraph (A) of 
                section 48(a)(3) of such Code is amended by striking 
                ``or'' at the end of clause (vi), by inserting ``or'' 
                at the end of clause (vii), and by adding at the end 
                the following new clause:
                            ``(viii) qualified offshore wind energy 
                        property,''.
                    (D) Coordination with credit for other wind 
                facilities.--Section 48(a)(5)(C) of such Code is 
                amended by adding at the end the following new 
                sentence:
                ``Such term shall not include any facility which is a 
                qualified offshore wind facility (as defined in 
                subsection (c)(5)).''
    (c) Limitation on Credit for Onshore Wind Facilities.--Paragraph 
(5) of section 48(a) of the Internal Revenue Code of 1986 is amended by 
inserting at the end the following new subparagraph:
                    ``(E) Limitation for onshore wind facilities.--In 
                the case of a qualified investment credit facility 
                described in section 45(d)(1), the credit otherwise 
                determined under the section with respect to qualified 
                property which is part of such facility shall not 
                exceed an amount equal to $200 for each kilowatt hour 
                of capacity of such facility.''.
    (d) Effective Date.--The amendments made by this section shall 
apply to periods after December 31, 2015, 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).

SEC. 103. PERMANENT EXTENSION OF QUALIFYING ADVANCED ENERGY PROJECT 
              CREDIT.

    (a) In General.--Section 48C(d)(1)(B) of the Internal Revenue Code 
of 1986 is amended--
            (1) by inserting ``in any calendar year'' after ``allocated 
        under the program'', and
            (2) by striking ``$2,300,000,000'' and inserting 
        ``$1,000,000,000''.
    (b) Conforming Amendments.--
            (1) Section 48C(d)(2)(A) of such Code is amended by 
        striking ``during the 2-year period beginning on the date the 
        Secretary establishes the program under paragraph (1)''.
            (2) Section 48C(d)(4) of such Code is amended by striking 
        subparagraphs (A) and (B) and inserting the following:
                    ``(A) Review.--Not later than 4 years after the 
                close of any calendar year for which allocations were 
                made under this section, the Secretary shall review the 
                credits allocated under this section for such calendar 
                year.
                    ``(B) Redistribution.--The Secretary may reallocate 
                credits awarded under this section for a calendar year 
                if the Secretary determines that any certification made 
                pursuant to paragraph (2) has been revoked pursuant to 
                paragraph (2)(B) because the project subject to the 
                certification has been delayed as a result of third-
                party opposition or litigation to the proposed 
                project.''.
            (3) Section 48C(d)(4)(C) of such Code is amended by 
        striking ``the Secretary is authorized to conduct an additional 
        program for applications for certification'' and inserting 
        ``notwithstanding paragraph (2)(A), the Secretary is authorized 
        to accept additional applications for certification with 
        respect to such amounts.''.

SEC. 104. PROMOTING ACCESS TO RENEWABLE ENERGY AND ENERGY EFFICIENCY 
              FOR TAX-EXEMPT ORGANIZATIONS.

    (a) In General.--Upon application, the Secretary of the Treasury 
shall, subject to the requirements of this section, provide a grant to 
each eligible entity who places in service specified energy property to 
reimburse such person for a portion of the expense of such property as 
provided in subsection (b). No grant shall be made under this section 
with respect to any property unless such property is placed in service 
after 2015.
    (b) Grant Amount.--
            (1) In general.--The amount of the grant under subsection 
        (a) with respect to any specified energy property shall be the 
        applicable percentage of the basis of such property.
            (2) Applicable percentage.--For purposes of paragraph (1), 
        the term ``applicable percentage'' means--
                    (A) 30 percent in the case of any property 
                described in paragraphs (1) through (4) of subsection 
                (d), and
                    (B) 10 percent in the case of any other property.
            (3) Dollar limitations.--In the case of property described 
        in paragraph (1), (2), (6), or (7) of subsection (d), the 
        amount of any grant under this section with respect to such 
        property shall not exceed the limitation described in section 
        48(a)(5)(E), 48(c)(1)(B), 48(c)(2)(B), or 48(c)(3)(B) of the 
        Internal Revenue Code of 1986, respectively, with respect to 
        such property.
    (c) Time for Payment of Grant.--The Secretary of the Treasury shall 
make payment of any grant under subsection (a) during the 60-day period 
beginning on the later of--
            (1) the date of the application for such grant, or
            (2) the date the specified energy property for which the 
        grant is being made is placed in service.
    (d) Specified Energy Property.--For purposes of this section, the 
term ``specified energy property'' means any of the following:
            (1) Qualified facilities.--Any qualified property (as 
        defined in section 48(a)(5)(D) of the Internal Revenue Code of 
        1986) which is part of a qualified facility (within the meaning 
        of section 45 of such Code) described in paragraph (1), (2), 
        (3), (4), (6), (7), (9), or (11) of section 45(d) of such Code.
            (2) Qualified fuel cell property.--Any qualified fuel cell 
        property (as defined in section 48(c)(1) of such Code).
            (3) Solar property.--Any property described in clause (i) 
        or (ii) of section 48(a)(3)(A) of such Code.
            (4) Qualified small wind energy property.--Any qualified 
        small wind energy property (as defined in section 48(c)(4) of 
        such Code).
            (5) Geothermal property.--Any property described in clause 
        (iii) of section 48(a)(3)(A) of such Code.
            (6) Qualified microturbine property.--Any qualified 
        microturbine property (as defined in section 48(c)(2) of such 
        Code).
            (7) Combined heat and power system property.--Any combined 
        heat and power system property (as defined in section 48(c)(3) 
        of such Code).
            (8) Geothermal heat pump property.--Any property described 
        in clause (vii) of section 48(a)(3)(A) of such Code.
Such term shall not include any property unless depreciation (or 
amortization in lieu of depreciation) is allowable with respect to such 
property.
    (e) Application of Certain Rules.--In making grants under this 
section, the Secretary of the Treasury shall apply rules similar to the 
rules of section 50 of the Internal Revenue Code of 1986 (other than 
subsection (b)(3) thereof). In applying such rules, if the property is 
disposed of, or otherwise ceases to be specified energy property, the 
Secretary of the Treasury shall provide for the recapture of the 
appropriate percentage of the grant amount in such manner as the 
Secretary of the Treasury determines appropriate.
    (f) Eligible Entity.--For purposes of this section, the term 
``eligible entity'' means any organization described in section 501(c) 
of the Internal Revenue Code of 1986 and exempt from tax under section 
501(a) of such Code.
    (g) Definitions.--Terms used in this section which are also used in 
section 45 or 48 of the Internal Revenue Code of 1986 shall have the 
same meaning for purposes of this section as when used in such section 
45 or 48. Any reference in this section to the Secretary of the 
Treasury shall be treated as including the Secretary's delegate.
    (h) Appropriations.--There is hereby appropriated to the Secretary 
of the Treasury such sums as may be necessary to carry out this 
section.

  TITLE II--SAVING CONSUMERS AND BUSINESSES MONEY BY PROMOTING ENERGY 
                               EFFICIENCY

SEC. 201. PERMANENT EXTENSION OF ENERGY EFFICIENT COMMERCIAL BUILDINGS 
              DEDUCTION.

    (a) In General.--Section 179D of the Internal Revenue Code of 1986 
is amended by striking subsection (h).
    (b) Update of Standard.--
            (1) In general.--Section 179D of the Internal Revenue Code 
        of 1986 is amended by striking ``Standard 90.1-2001'' each 
        place it appears and inserting ``the applicable ASHRAE 
        standard''.
            (2) Applicable ashrae standard.--Section 179D(c)(2) of such 
        Code is amended to read as follows:
            ``(2) Applicable ashrae standard.--The term `applicable 
        ASHRAE standard' means--
                    ``(A) Standard 90.1-2013 of the American Society of 
                Heating, Refrigerating, and Air Conditioning Engineers 
                and the Illuminating Engineering Society of North 
                America, or
                    ``(B) in the case of any subsequent standard 
                adopted by the American Society of Heating, 
                Refrigerating, and Air Conditioning Engineers which 
                supersedes the standard described in subparagraph (A), 
                such subsequent standard.''.
    (c) Effective Date.--The amendments made by this section shall 
apply to property placed in service after December 31, 2014.

SEC. 202. PERMANENT EXTENSION OF NEW ENERGY EFFICIENT HOME CREDIT.

    (a) In General.--Section 45L of the Internal Revenue Code of 1986 
is amended by striking subsection (g).
    (b) Update of Standard.--
            (1) In general.--Section 45L of the Internal Revenue Code 
        of 1986 is amended by striking ``the standards of chapter 4 of 
        the 2006 International Energy Conservation Code, as such Code 
        (including supplements) is in effect on January 1, 2006'' each 
        place it appears and inserting ``the applicable standards''.
            (2) Applicable standards.--Section 45L of such Code, as 
        amended by subsection (a), is amended by adding at the end the 
        following new subsection:
    ``(h) Applicable Standards.--For purposes of this section, the term 
`applicable standards' means, with respect to any dwelling unit, the 
standards in effect for residential building energy efficiency under 
the International Energy Conservation Code on the first day of the 
taxable year in which construction for the dwelling unit commenced.''.
    (c) Effective Date.--The amendments made by this section shall 
apply to homes acquired after December 31, 2014.

SEC. 203. PERMANENT EXTENSION AND REFUNDABILITY OF CREDIT FOR 
              NONBUSINESS ENERGY PROPERTY.

    (a) Permanent Extension.--Section 25C of the Internal Revenue Code 
of 1986 is amended by striking subsection (g).
    (b) Update of Standards.--
            (1) Qualified energy efficiency improvements.--
                    (A) In general.--Section 25C(c)(1) of the Internal 
                Revenue Code of 1986 is amended by striking ``the 
                prescriptive criteria for such component established by 
                the 2009 International Energy Conservation Code, as 
                such Code (including supplements) is in effect on the 
                date of the enactment of the American Recovery and 
                Reinvestment Tax Act of 2009'' and inserting ``the 
                applicable IECC standards''.
                    (B) Applicable iecc standards.--Section 25C(c) of 
                such Code is amended by adding at the end the following 
                new paragraph:
            ``(4) Applicable iecc standards.--For purposes of this 
        section, the term `applicable IECC standards' means, with 
        respect to any building envelope component, the prescriptive 
        criteria for such component in effect under the International 
        Energy Conservation Code on the first day of the taxable year 
        for which the credit is allowed.''.
            (2) Energy efficient property.--
                    (A) Heat pumps and air conditioners.--
                            (i) In general.--Section 25C(d)(3) of the 
                        Internal Revenue Code of 1986 is amended by 
                        striking ``the Consortium for Energy 
                        Efficiency, as in effect on January 1, 2009'' 
                        each place it appears and inserting ``the 
                        applicable CEE standards''.
                            (ii) Applicable cee standards.--Section 
                        25C(d) of such Code is amended by adding at the 
                        end the following new paragraph:
            ``(7) Applicable cee standards.--For purposes of this 
        section, the term `applicable CEE standards' means, with 
        respect to any property, the standards established by the 
        Consortium for Energy Efficiency that are in effect for such 
        property on the first day of the taxable year for which the 
        credit is allowed.''.
                    (B) Other energy efficient building property.--
                Paragraph (3) of section 25C(d) of such Code is 
                amended--
                            (i) in subparagraph (A), by inserting ``and 
                        meets Energy Star program certification 
                        requirements as of the first day of the taxable 
                        year in which the property placed in service'' 
                        after ``procedure'',
                            (ii) in subparagraph (C), by inserting 
                        ``and meets Energy Star program certification 
                        requirements as of the first day of the taxable 
                        year in which the property placed in service'' 
                        after ``90 percent'', and
                            (iii) in subparagraph (E)--
                                    (I) by striking ``and which'' and 
                                inserting ``which'', and
                                    (II) by inserting ``, and which 
                                meets Energy Star program certification 
                                requirements as of the first day of the 
                                taxable year in which the property 
                                placed in service'' after ``75 
                                percent''.
                    (C) Furnaces and hot water boilers.--Paragraph (4) 
                of section 25C(d) of such Code is amended by inserting 
                ``and meets Energy Star program certification 
                requirements as of the first day of the taxable year in 
                which the property placed in service'' after ``95''.
                    (D) Advanced main air circulating fans.--Paragraph 
                (5) of section 25C(d) of such Code is amended--
                            (i) by striking ``and which'' and inserting 
                        ``, which'', and
                            (ii) by inserting ``, and which meets 
                        Energy Star program certification requirements 
                        as of the first day of the taxable year in 
                        which the property placed in service'' after 
                        ``test procedures)''.
    (c) Credit Made Refundable.--
            (1) Credit moved to subpart relating to refundable 
        credits.--The Internal Revenue Code of 1986 is amended--
                    (A) by redesignating section 25C as section 36C, 
                and
                    (B) by moving section 36C (as amended by 
                subsections (a) and (b) and as redesignated by 
                subparagraph (A)) from subpart A of part IV of 
                subchapter A of chapter 1 to the location immediately 
                before section 37 in subpart C of part IV of subchapter 
                A of chapter 1.
            (2) Conforming amendments.--
                    (A) Section 1016(a)(33) of such Code is amended--
                            (i) by striking ``section 25C(f)'' and 
                        inserting ``section 36C(f)'', and
                            (ii) by striking ``under section 25C'' and 
                        inserting ``under section 36C''.
                    (B) The table of sections for subpart A of part IV 
                of subchapter A of chapter 1 of such Code is amended by 
                striking the item relating to section 25C.
                    (C) Paragraph (2) of section 1324(b) of title 31, 
                United States Code, is amended by inserting ``36C,'' 
                after ``36B,''.
                    (D) The table of sections for subpart C of part IV 
                of subchapter A of chapter 1 of the Internal Revenue 
                Code of 1986 is amended by inserting after the item 
                relating to section 36B the following new item:

``36C. Nonbusiness energy property.''.
    (d) Effective Date.--The amendments made by this section shall 
apply to property placed in service after December 31, 2014.

SEC. 204. PERMANENT EXTENSION, MODIFICATION, AND REFUNDABILITY OF 
              CREDIT FOR RESIDENTIAL ENERGY EFFICIENT PROPERTY.

    (a) Permanent Extension.--Section 25D of the Internal Revenue Code 
of 1986 is amended by striking subsection (g).
    (b) Credit Allowed for Energy Storage Property.--
            (1) In general.--Section 25D(a) of the Internal Revenue 
        Code of 1986 is amended by adding at the end the following new 
        paragraph:
            ``(6) 30 percent of the qualified energy storage property 
        expenditures made by the taxpayer during the taxable year.''.
            (2) Qualified energy storage property expenditures.--
        Section 25D(d) of such Code is amended by adding at the end the 
        following new paragraph:
            ``(6) Qualified energy storage property expenditure.--The 
        term `qualified energy storage property expenditure' means an 
        expenditure for property--
                    ``(A) which is--
                            ``(i) located in a dwelling unit located in 
                        the United States and used by the taxpayer as a 
                        residence,
                            ``(ii) directly connected to the electrical 
                        grid, and
                            ``(iii) designed to receive electrical 
                        energy, to store such energy, and--
                                    ``(I) to convert such energy to 
                                electricity and deliver such 
                                electricity for sale, or
                                    ``(II) to use such energy to 
                                provide improved reliability or 
                                economic benefits to the grid, or
                    ``(B) which is--
                            ``(i) part of a dwelling unit located in 
                        the United States which is--
                                    ``(I) connected to the electrical 
                                grid, and
                                    ``(II) used by the taxpayer as a 
                                residence,
                            ``(ii) connected to--
                                    ``(I) qualified solar electric 
                                property, or
                                    ``(II) qualified small wind energy 
                                property, and
                            ``(iii) designed to receive electrical 
                        energy, store such energy, and to convert such 
                        energy to electricity for use by the 
                        taxpayer.''.
    (c) Credit Allowed for Biomass Fuel Property.--
            (1) In general.--Section 25D(a) of the Internal Revenue 
        Code of 1986, as amended by subsection (b), is amended by 
        adding at the end the following new paragraph:
            ``(7) 30 percent of the qualified biomass fuel property 
        expenditures made by the taxpayer during the taxable year.''.
            (2) Qualified energy storage property expenditures.--
        Section 25D(d) of such Code, as amended by subsection (b), is 
        amended by adding at the end the following new paragraph:
            ``(7) Qualified biomass fuel property expenditure.--
                    ``(A) In general.--The term `qualified biomass fuel 
                property expenditure' means an expenditure for 
                property--
                            ``(i) which uses the burning of biomass 
                        fuel to heat a dwelling unit located in the 
                        United States and used as a residence by the 
                        taxpayer, or to heat water for use in such a 
                        dwelling unit, and
                            ``(ii) which has a thermal efficiency 
                        rating of at least 75 percent (measured by the 
                        higher heating value of the fuel) and meets 
                        Energy Star program certification requirements 
                        as of the first day of the taxable year in 
                        which the property placed in service.
                    ``(B) Biomass fuel.--For purposes of this section, 
                the term `biomass fuel' means any plant-derived fuel 
                available on a renewable or recurring basis, including 
                agricultural crops and trees, wood and wood waste and 
                residues, plants (including aquatic plants), grasses, 
                residues, and fibers. Such term includes densified 
                biomass fuels such as wood pellets.''.
            (3) Coordination with credit for nonbusiness energy 
        property.--
                    (A) In general.--Section 25D(e) of the Internal 
                Revenue Code of 1986 is amended by adding at the end 
                the following new paragraphs:
            ``(9) No double benefit.--No credit shall be allowed under 
        this section with respect to any property which is described in 
        subsection (d)(7)(A) and for which a credit is allowed under 
        section 25C.
            ``(10) Election.--A taxpayer may elect not to have this 
        section apply with respect to any expenditure described in 
        subsection (a).''.
                    (B) Application of election to credit for 
                nonbusiness energy property.--Section 25C(e)(1) is 
                amended by striking ``and (8)'' and inserting ``(8), 
                and (10)''.
    (d) Credit Made Refundable.--
            (1) Credit moved to subpart relating to refundable 
        credits.--The Internal Revenue Code of 1986 is amended--
                    (A) by redesignating section 25D as section 36D, 
                and
                    (B) by moving section 36D (as amended by 
                subsections (a) and (b) and as redesignated by 
                subparagraph (A)) from subpart A of part IV of 
                subchapter A of chapter 1 to the location immediately 
                before section 37 in subpart C of part IV of subchapter 
                A of chapter 1 (as amended by section 203).
            (2) Conforming amendments.--
                    (A) Section 36C(e)(1) of the Internal Revenue Code 
                of 1986 (as redesignated by section 8) is amended by 
                striking ``25D(e)'' and inserting ``36D(e)''.
                    (B) Section 45(d)(1) of such Code is amended by 
                striking ``section 25D'' and inserting ``section 36D''.
                    (C) Section 1016(a)(34) of such Code is amended--
                            (i) by striking ``section 25D(f)'' and 
                        inserting ``section 36D(f)'', and
                            (ii) by striking ``under section 25D'' and 
                        inserting ``under section 36D''.
                    (D) The table of sections for subpart A of part IV 
                of subchapter A of chapter 1 of such Code is amended by 
                striking the item relating to section 25D.
                    (E) Paragraph (2) of section 1324(b) of title 31, 
                United States Code, as amended by this Act, is amended 
                by inserting ``36D,'' after ``36C,''.
                    (F) The table of sections for subpart C of part IV 
                of subchapter A of chapter 1 of the Internal Revenue 
                Code of 1986, as amended by this Act, is amended by 
                inserting after the item relating to section 36C the 
                following new item:

``36D. Residential energy efficient property.''.
    (e) Effective Date.--The amendments made by this section shall 
apply to property placed in service after the date of the enactment of 
this Act.

              TITLE III--HELPING AMERICANS MOVE BEYOND OIL

SEC. 301. PERMANENT EXTENSION, INCREASE, AND REFUNDABILITY OF CREDIT 
              FOR QUALIFIED NEW PLUG IN ELECTRIC DRIVE MOTOR VEHICLES.

    (a) Repeal of Phaseout.--Section 30D of the Internal Revenue Code 
of 1986 is amended by striking subsection (e).
    (b) Extension for 2- and 3-Wheeled Vehicles.--Section 30D(g)(3)(E) 
of the Internal Revenue Code of 1986 is amended by striking ``and 
before January 1, 2014''.
    (c) Increase in Dollar Limitation for Battery Capacity.--Paragraph 
(3) of section 30D(b) of the Internal Revenue Code of 1986 is amended 
by striking ``$5,000'' and inserting ``$7,500''.
    (d) Personal Credit Made Refundable.--
            (1) In general.--Section 30D(c)(2) of the Internal Revenue 
        Code of 1986 is amended by striking ``subpart A'' and inserting 
        ``subpart C''.
            (2) Technical amendment.--Paragraph (2) of section 1324(b) 
        of title 31, United States Code, as amended by this Act, is 
        amended by inserting ``30D(c)(2),'' after ``36D,''.
    (e) Effective Date.--The amendments made by this section shall 
apply to vehicles acquired after December 31, 2014.

SEC. 302. PERMANENT EXTENSION OF CREDIT FOR HYBRID MEDIUM- AND HEAVY-
              DUTY TRUCKS.

    (a) In General.--Section 30B(k) of the Internal Revenue Code of 
1986 is amended--
            (1) by striking ``after'' in the matter before paragraph 
        (1),
            (2) by inserting ``after'' before ``December'' each place 
        it appears, and
            (3) in paragraph (3), by inserting ``and before the date of 
        the enactment of the American Clean Energy Investment Act of 
        2015,'' after ``December 31, 2009,''.
    (b) Effective Date.--The amendments made by this section shall 
apply to property purchased after the date of the enactment of this 
Act.

SEC. 303. EXTENSION OF SECOND GENERATION BIOFUEL PRODUCER CREDIT.

    (a) In General.--Clause (i) of section 40(b)(6)(J) of the Internal 
Revenue Code of 1986 is amended by striking ``January 1, 2015'' and 
inserting ``January 1, 2023''.
    (b) Effective Date.--The amendment made by this subsection shall 
apply to qualified second generation biofuel production after December 
31, 2014.

SEC. 304. EXTENSION AND REFORM OF BIODIESEL TAX INCENTIVES.

    (a) Income Tax Credit.--
            (1) Extension.--
                    (A) Credits for biodiesel and renewable diesel used 
                as fuel.--Subsection (g) of section 40A is amended by 
                striking ``December 31, 2014'' and inserting ``December 
                31, 2022''.
                    (B) Effective date.--The amendment made by this 
                paragraph shall apply to fuel sold or used after 
                December 31, 2014.
            (2) Reform of income tax credit.--
                    (A) In general.--So much of section 40A as precedes 
                subsection (c) is amended to read as follows:

``SEC. 40A. BIODIESEL FUELS CREDIT.

    ``(a) In General.--For purposes of section 38, in the case of an 
eligible taxpayer, the biodiesel fuels credit determined under this 
section for the taxable year is $1.00 for each gallon of biodiesel 
produced by the taxpayer which during the taxable year--
            ``(1) is sold by the producer of such biodiesel to another 
        person--
                    ``(A) for use by such other person's trade or 
                business as a fuel or in the production of a biodiesel 
                mixture (other than casual off-farm production), or
                    ``(B) who sells such biodiesel at retail to another 
                person and places such biodiesel in the fuel tank of 
                such other person, or
            ``(2) is used by such producer for any purpose described in 
        paragraph (1).
    ``(b) Increased Credit for Small Producers.--
            ``(1) In general.--In the case of any eligible small 
        biodiesel producer, subsection (a) shall be applied by 
        increasing the dollar amount contained therein by 10 cents.
            ``(2) Limitation.--Paragraph (1) shall only apply with 
        respect to the first 15,000,000 gallons of biodiesel produced 
        by any eligible small biodiesel producer during any taxable 
        year.''.
                    (B) Definitions and special rules.--Section 40A(d) 
                is amended by striking all that follows paragraph (1) 
                and inserting the following:
            ``(2) Eligible taxpayer.--
                    ``(A) In general.--The term `eligible taxpayer' 
                means, with respect to any gallon of biodiesel, the 
                producer of such gallon if such producer has paid the 
                tax imposed by section 4081 on such biodiesel.
                    ``(B) Special rule for eligible discretionary 
                blenders.--For purposes of this section (other than 
                subsection (b)), an eligible discretionary blender 
                shall be treated as the producer of any gallon of 
                biodiesel which is used to make a qualified biodiesel 
                mixture if--
                            ``(i) the producer of such biodiesel 
                        (determined without regard to this 
                        subparagraph)--
                                    ``(I) did not pay the tax imposed 
                                under section 4081 with respect to such 
                                gallon, and
                                    ``(II) assigns the credit allowed 
                                under this section to the eligible 
                                discretionary blender in such form and 
                                manner as provided by the Secretary, 
                                and
                            ``(ii) such eligible discretionary blender 
                        pays the tax imposed under section 4081 with 
                        respect to such gallon.
                For purposes of the preceding sentence, an eligible 
                discretionary blender shall be treated as producing a 
                gallon of biodiesel in the taxable year in which the 
                sale or use of the qualified biodiesel mixture occurs.
                    ``(C) Eligible discretionary blender.--For purposes 
                of subparagraph (B), the term `eligible discretionary 
                blender' means any person who--
                            ``(i) is registered under section 4101 as a 
                        blender of qualified biodiesel mixtures, and
                            ``(ii) has used 10,000,000 or more gallons 
                        of biodiesel in the production of qualified 
                        biodiesel mixtures in the preceding taxable 
                        year.
            ``(3) Biodiesel mixture; qualified biodiesel mixture.--
                    ``(A) Biodiesel mixture.--The term `biodiesel 
                mixture' means a mixture consists of biodiesel and 
                diesel fuel (as defined in section 4083(a)(3)), 
                determined without regard to any use of kerosene.
                    ``(B) Qualified biodiesel mixture.--
                            ``(i) In general.--The term `qualified 
                        biodiesel mixture' means a biodiesel mixture 
                        which is produced by an eligible discretionary 
                        blender and--
                                    ``(I) sold by such eligible 
                                discretionary blender to any person for 
                                use as a fuel, or
                                    ``(II) used by such eligible 
                                discretionary blender as a fuel.
                            ``(ii) Sale or use must be in trade or 
                        business, etc.--A biodiesel mixture shall not 
                        be treated as a qualified biodiesel mixture 
                        unless the sale or use described in clause (i) 
                        is in a trade or business of the eligible 
                        discretionary blender.
            ``(4) Biodiesel not used for a qualified purpose.--If--
                    ``(A) any credit was determined with respect to any 
                biodiesel under this section, and
                    ``(B) any person uses such biodiesel for a purpose 
                not described in subsection (a),
        then there is hereby imposed on such person a tax equal to the 
        product of the rate applicable under subsection (a) and the 
        number of gallons of such biodiesel.
            ``(5) Pass-thru in the case of estates and trusts.--Under 
        regulations prescribed by the Secretary, rules similar to the 
        rules of subsection (d) of section 52 shall apply.
            ``(6) Limitation to biodiesel with connection to the united 
        states.--No credit shall be determined under subsection (a) 
        with respect to biodiesel unless such biodiesel is produced in 
        the United States. For purposes of this paragraph, the term 
        `United States' includes any possession of the United 
        States.''.
                    (C) Rules for small biodiesel producers.--
                            (i) In general.--Section 40A(e) is 
                        amended--
                                    (I) by striking ``agri-biodiesel'' 
                                each place it appears in paragraphs (1) 
                                and (5)(A) and inserting ``biodiesel'',
                                    (II) by striking ``subsection 
                                (b)(4)(C)'' each place it appears in 
                                paragraphs (2) and (3) and inserting 
                                ``subsection (b)(2)'', and
                                    (III) by striking ``subsection 
                                (a)(3)'' each place it appears in 
                                paragraphs (5)(A), (6)(A)(i), and 
                                (6)(B)(i) and inserting ``subsection 
                                (b)''.
                            (ii) The heading for subsection (e) of 
                        section 40A is amended by striking ``Agri-
                        biodiesel'' and inserting ``Biodiesel''.
                            (iii) The headings for paragraphs (1) and 
                        (6) of section 40A(e) are each amended by 
                        striking ``agri-biodiesel'' and inserting 
                        ``biodiesel''.
                    (D) Conforming amendments related to renewable 
                diesel.--Section 40A(f) is amended--
                            (i) by striking ``Subsection (b)(4)'' and 
                        inserting ``Subsection (b)'', and
                            (ii) by striking paragraph (4) and 
                        inserting the following:
            ``(4) Certain aviation fuel.--Except as provided in the 
        last 3 sentences of paragraph (2), the term `renewable diesel' 
        shall include fuel derived from biomass which meets the 
        requirements of a Department of Defense specification for 
        military jet fuel or an American Society for Testing and 
        Materials specification for aviation turbine fuel.''.
                    (E) Registration of eligible discretionary 
                blenders.--Section 4101(a)(1) is amended--
                            (i) by striking ``and'' before ``every 
                        person producing second generation biofuel'', 
                        and
                            (ii) by inserting ``, and every person 
                        producing qualified biodiesel mixtures (as 
                        defined in section 40A(d)(3))'' after ``section 
                        40(b)(6)(E)) in excess of 10,000,000 gallons 
                        per year''.
                    (F) Clerical amendment.--The table of sections for 
                subpart D of part IV of subchapter A of chapter 1 is 
                amended by striking the item relating to section 40A 
                and inserting the following new item:

``Sec. 40A. Biodiesel fuels credit.''.
                    (G) Effective date.--The amendments made by this 
                paragraph shall apply to fuel sold or used after 
                December 31, 2015.
    (b) Excise Tax Incentives.--
            (1) Extension.--
                    (A) In general.--Paragraph (6) of section 6426(c) 
                is amended by striking ``December 31, 2014'' and 
                inserting ``December 31, 2022''.
                    (B) Payments.--Subparagraph (B) of section 
                6427(e)(6) is amended by striking ``December 31, 2014'' 
                and inserting ``December 31, 2022''.
                    (C) Effective date.--The amendments made by this 
                paragraph shall apply to fuel sold or used after 
                December 31, 2014.
                    (D) Special rule for certain periods during 2015.--
                Notwithstanding any other provision of law, in the case 
                of any biodiesel mixture credit properly determined 
                under section 6426(c) of the Internal Revenue Code of 
                1986 for periods after December 31, 2014, and on or 
                before the last day of the first calendar quarter 
                ending after the date of the enactment of this Act, 
                such credit shall be allowed, and any refund or payment 
                attributable to such credit (including any payment 
                under section 6427(e) of such Code) shall be made, only 
                in such manner as the Secretary of the Treasury (or the 
                Secretary's delegate) shall provide. Such Secretary 
                shall issue guidance within 30 days after the date of 
                the enactment of this Act providing for a one-time 
                submission of claims covering periods described in the 
                preceding sentence. Such guidance shall provide for a 
                180-day period for the submission of such claims (in 
                such manner as prescribed by such Secretary) to begin 
                not later than 30 days after such guidance is issued. 
                Such claims shall be paid by such Secretary not later 
                than 60 days after receipt. If such Secretary has not 
                paid pursuant to a claim filed under this subsection 
                within 60 days after the date of the filing of such 
                claim, the claim shall be paid with interest from such 
                date determined by using the overpayment rate and 
                method under section 6621 of such Code.
            (2) Reform of excise tax credit.--
                    (A) In general.--Subsection (c) of section 6426 is 
                amended--
                            (i) by striking all that precedes paragraph 
                        (6) and inserting the following:
    ``(c) Biodiesel Production Credit.--
            ``(1) In general.--For purposes of this section, in the 
        case of an eligible taxpayer, the biodiesel production credit 
        is $1.00 for each gallon of biodiesel produced by the taxpayer 
        and which--
                    ``(A) is sold by such producer to another person--
                            ``(i) for use by such other person's trade 
                        or business as a fuel or in the production of a 
                        biodiesel mixture (other than casual off-farm 
                        production), or
                            ``(ii) who sells such biodiesel at retail 
                        to another person and places such biodiesel in 
                        the fuel tank of such other person, or
                    ``(B) is used by such producer for any purpose 
                described in subparagraph (A).
            ``(2) Special rule for eligible discretionary blenders.--
        For purposes of this subsection and section 6427(e)(3), an 
        eligible discretionary blender shall be treated as the producer 
        of any gallon of biodiesel which is used to make a qualified 
        biodiesel mixture if--
                    ``(A) the producer of such biodiesel (determined 
                without regard to this subparagraph)--
                            ``(i) did not pay the tax imposed under 
                        section 4081 with respect to such gallon, and
                            ``(ii) assigns the credit allowed under 
                        this section to the eligible discretionary 
                        blender in such form and manner as provided by 
                        the Secretary, and
                    ``(B) such eligible discretionary blender pays the 
                tax imposed under section 4081 with respect to such 
                gallon.
        For purposes of the preceding sentence, an eligible 
        discretionary blender shall not be treated as producing a 
        gallon of biodiesel before the date on which the sale or use of 
        the qualified biodiesel mixture occurs.
            ``(3) Definitions.--Any term used in this subsection which 
        is also used in section 40A shall have the meaning given such 
        term by section 40A.'', and
                            (ii) by redesignating paragraph (6), as 
                        amended by paragraph (1)(A), as paragraph (4).
                    (B) Producer registration requirement.--Subsection 
                (a) of section 6426 is amended by striking 
                ``subsections (d) and (e)'' in the flush sentence at 
                the end and inserting ``subsections (c), (d), and 
                (e)''.
                    (C) Recapture.--
                            (i) In general.--Subsection (f) of section 
                        6426 is amended--
                                    (I) by striking ``or biodiesel'' 
                                each place it appears in subparagraphs 
                                (A) and (B)(i) of paragraph (1),
                                    (II) by striking ``or biodiesel 
                                mixture'' in paragraph (1)(A), and
                                    (III) by redesignating paragraph 
                                (2) as paragraph (3) and by inserting 
                                after paragraph (1) the following new 
                                paragraph:
            ``(2) Biodiesel.--If any credit was determined under this 
        section or paid pursuant to section 6427(e) with respect to the 
        production of any biodiesel and any person uses such biodiesel 
        for a purpose not described in subsection (c)(1), then there is 
        hereby imposed on such person a tax equal to $1.00 for each 
        gallon of such biodiesel.''.
                            (ii) Conforming amendments.--
                                    (I) Paragraph (3) of section 
                                6426(f), as redesignated by clause 
                                (i)(III), is amended by inserting ``or 
                                (2)'' after ``paragraph (1)''.
                                    (II) The heading for paragraph (1) 
                                of section 6426(f) is amended by 
                                striking ``Imposition of tax'' and 
                                inserting ``In general''.
                    (D) Limitation.--Section 6426(i) is amended--
                            (i) in paragraph (2)--
                                    (I) by striking ``biodiesel or'', 
                                and
                                    (II) by striking ``Biodiesel and'' 
                                in the heading, and
                            (ii) by inserting after paragraph (2) the 
                        following new paragraph:
            ``(3) Biodiesel.--No credit shall be determined under this 
        section with respect to biodiesel unless such biodiesel is 
        produced in the United States.''.
                    (E) Clerical amendments.--
                            (i) The heading of section 6426 is amended 
                        by striking ``alcohol fuel, biodiesel, and 
                        alternative fuel mixtures'' and inserting 
                        ``alcohol fuel mixtures, biodiesel production, 
                        and alternative fuel mixtures''.
                            (ii) The item relating to section 6426 in 
                        the table of sections for subchapter B of 
                        chapter 65 is amended by striking ``alcohol 
                        fuel, biodiesel, and alternative fuel 
                        mixtures'' and inserting ``alcohol fuel 
                        mixtures, biodiesel production, and alternative 
                        fuel mixtures''.
                    (F) Effective date.--The amendments made by this 
                paragraph shall apply to fuel sold or used after 
                December 31, 2015.
            (3) Reform of excise payments of credit.--
                    (A) In general.--Subsection (e) of section 6427, as 
                amended by paragraph (1)(B), is amended--
                            (i) by striking ``or the biodiesel mixture 
                        credit'' in paragraph (1),
                            (ii) by redesignating paragraphs (3) 
                        through (6) as paragraphs (4) through (7), 
                        respectively, and by inserting after paragraph 
                        (2) the following new paragraph:
            ``(3) Biodiesel production credit.--If any person produces 
        biodiesel and sells or uses such biodiesel as provided in 
        section 6426(c)(1), the Secretary shall pay (without interest) 
        to such person an amount equal to the biodiesel production 
        credit with respect to such biodiesel.'',
                            (iii) by striking ``paragraph (1) or (2)'' 
                        each place it appears in paragraphs (4) and 
                        (6), as redesignated by paragraph (2), and 
                        inserting ``paragraph (1), (2), or (3)'',
                            (iv) by striking ``alternative fuel'' each 
                        place it appears in paragraphs (4) and (6), as 
                        redesignated by paragraph (2), and inserting 
                        ``fuel'', and
                            (v) by striking ``biodiesel mixture (as 
                        defined in section 6426(c)(3))'' in paragraph 
                        (7)(B), as so redesignated, and inserting 
                        ``biodiesel (within the meaning of section 
                        40A)''.
                    (B) Effective date.--The amendments made by this 
                paragraph shall apply to fuel sold or used after 
                December 31, 2015.
    (c) Treatment of Biodiesel as a Taxable Fuel.--
            (1) In general.--
                    (A) Taxable fuel includes biodiesel.--Paragraph (1) 
                of section 4083(a) is amended by striking ``and'' at 
                the end of subparagraph (B), by striking the period at 
                the end of subparagraph (C) and inserting ``, and'', 
                and by adding at the end the following new 
                subparagraph:
                    ``(D) biodiesel.''.
                    (B) Biodiesel defined.--Subsection (a) of section 
                4083 is amended by adding at the end the following new 
                paragraph:
            ``(4) Biodiesel.--The term `biodiesel' has the meaning 
        given such term under section 40A(d)(1), determined without 
        regard to the last sentence thereof.''.
            (2) Biodiesel production facilities treated as 
        refineries.--
                    (A) In general.--Subsection (a) of section 4081 is 
                amended by adding at the end the following new 
                paragraph:
            ``(5) Biodiesel production facilities and blending 
        facilities treated as refineries.--For purposes of this part--
                    ``(A) any facility which is used to produce 
                biodiesel, and
                    ``(B) any biodiesel blending facility,
        shall be treated as a refinery with respect to biodiesel.''.
                    (B) Biodiesel blending facility defined.--Section 
                4083 is amended by adding at the end the following new 
                subsection:
    ``(e) Biodiesel Blending Facility.--For purposes of this subpart, 
the term `biodiesel blending facility' means any facility that is 
operated by an eligible discretionary blender (as defined in section 
40A(d)(2)(C)).''.
                    (C) Bulk transfers.--Subparagraph (B) of section 
                4081(a)(1) is amended by adding at the end the 
                following new clause:
                            ``(iii) Special rules for biodiesel.--The 
                        tax imposed by this paragraph shall not apply 
                        to the removal or entry of biodiesel to any 
                        refinery or terminal if the person removing or 
                        entering the biodiesel and the operator of the 
                        refinery or terminal are registered under 
                        section 4101.''.
            (3) Rate of tax.--Subparagraph (A)(iii) of section 
        4081(a)(2) is amended by striking ``diesel fuel or kerosene'' 
        and inserting ``diesel fuel, kerosene, or biodiesel''.
            (4) Exemptions.--
                    (A) In general.--Section 4082 is amended by 
                striking ``diesel fuel and kerosene'' each place it 
                appears in subsections (a), (c), and (g) and inserting 
                ``diesel fuel, kerosene, and biodiesel''.
                    (B) Conforming amendment.--Subparagraph (A) of 
                section 4082(d)(1) is amended by inserting 
                ``biodiesel,'' after ``diesel fuel,''.
            (5) Other conforming amendments.--
                    (A) The heading for paragraph (1) of section 
                4041(a) is amended by striking ``diesel fuel and 
                kerosene'' and inserting ``diesel fuel, kerosene, and 
                biodiesel''.
                    (B) Paragraph (2) of section 6416(b) is amended by 
                striking ``diesel fuel or kerosene'' and inserting 
                ``diesel fuel, kerosene, or biodiesel''.
                    (C) Section 6427(l) is amended--
                            (i) by striking ``diesel fuel or kerosene'' 
                        each place it appears in paragraph (1) and 
                        (5)(A) and inserting ``diesel fuel, kerosene, 
                        or biodiesel'',
                            (ii) by striking ``Diesel Fuel and 
                        Kerosene'' in the heading and inserting 
                        ``Diesel Fuel, Kerosene, and Biodiesel'', and
                            (iii) by striking ``diesel fuel or 
                        kerosene'' in the heading of paragraph (5) and 
                        inserting ``diesel fuel, kerosene, or 
                        biodiesel''.
                    (D) Section 6715(c)(1) is amended by striking 
                ``diesel fuel or kerosene'' and inserting ``diesel 
                fuel, kerosene, or biodiesel''.
            (6) Effective date.--The amendments made by this subsection 
        shall apply to biodiesel sold or used after December 31, 2015.

SEC. 305. EXTENSION OF SPECIAL ALLOWANCE FOR SECOND GENERATION BIOFUEL 
              PLANT PROPERTY.

    (a) In General.--Subparagraph (D) of section 168(l)(2) of the 
Internal Revenue Code of 1986 is amended to read as follows:
                    ``(D) the construction of which begins before 
                January 1, 2023.''.
    (b) Effective Date.--The amendment made by this section shall apply 
to property placed in service after December 31, 2014.

SEC. 306. EXTENSION AND MODIFICATION OF THE ALTERNATIVE FUEL VEHICLE 
              REFUELING PROPERTY CREDIT.

    (a) In General.--Section 30C of the Internal Revenue Code of 1986 
is amended--
            (1) by amending subsection (c) to read as follows:
    ``(c) Qualified Alternative Fuel Vehicle Refueling Property.--For 
purposes of this section, the term `qualified alternative fuel vehicle 
refueling property' means any of the following:
            ``(1) A pump or blender pump that is capable of dispensing 
        a fuel mixture that is at least 50 percent ethanol.
            ``(2) A pump or blender pump that is capable of dispensing 
        a fuel mixture that is at least 50 percent biodiesel or 
        renewable diesel.
            ``(3) A pump that is capable of dispensing a biofuel and 
        petroleum blend, at least 50 percent of which is a renewable 
        fuel (as defined in section 211(o)(1) of the Clean Air Act (42 
        U.S.C. 7545(o)(1))).
            ``(4) A direct current electric charging station with a 
        power rating of at least 40 kilowatts.
            ``(5) An alternating current electric charging station with 
        a voltage rating between 208 volts and 240 volts and a power 
        rating between 2.5 kilowatts and 20 kilowatts.
            ``(6) Hydrogen fuel-cell refilling infrastructure.
            ``(7) Any other infrastructure that the Administrator may 
        prescribe by regulation that is capable of dispensing a fuel 
        that is not less than a 50-percent mixture of a renewable fuel 
        (as defined in section 211(o)(1) of the Clean Air Act (42 
        U.S.C. 7545(o)(1))).'',
            (2) in subsection (e)--
                    (A) by striking paragraphs (5) through (7), and
                    (B) by inserting after paragraph (4) the following 
                new paragraph:
            ``(5) Recapture rules.--The Secretary shall, by 
        regulations, provide for recapturing the benefit of any credit 
        allowable under subsection (a) with respect to any property 
        which ceases to be property eligible for such credit.'', and
            (3) by amending subsection (g) to read as follows:
    ``(g) Termination.--This section shall not apply to any property 
placed in service after December 31, 2022.''.
            (4) Effective date.--The amendments made by this section 
        shall apply to property placed in service after December 31, 
        2014.

SEC. 307. PERMANENT EXTENSION OF PARITY OF EXCLUSION FROM INCOME FOR 
              EMPLOYER-PROVIDED MASS TRANSIT AND PARKING BENEFITS.

    (a) In General.--Section 132(f)(2) of the Internal Revenue Code of 
1986 is amended--
            (1) by striking ``$100'' in subparagraph (A) and inserting 
        ``$250'',
            (2) by striking ``$175'' in subparagraph (B) and inserting 
        ``$250'', and
            (3) by striking the last sentence.
    (b) Inflation Adjustment Conforming Amendments.--Subparagraph (A) 
of section 132(f)(6) is amended--
            (1) by striking the last sentence,
            (2) by striking ``1999'' and inserting ``2015'', and
            (3) by striking ``1998'' and inserting ``2014''.
    (c) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after 2014.
                                 <all>