118 HR 4151 IH: To amend the Internal Revenue Code of 1986 to require certain contract terms in contracts relating to wind turbines on land not owned by the taxpayer as a requirement in order to claim the credit relating to electricity produced from certain renewable resources. U.S. House of Representatives 2023-06-15 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I 118th CONGRESS1st Session H. R. 4151 IN THE HOUSE OF REPRESENTATIVES June 15, 2023 Mr. Buck (for himself, Ms. Hageman, and Mr. Lamborn) 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 require certain contract terms in contracts relating to wind turbines on land not owned by the taxpayer as a requirement in order to claim the credit relating to electricity produced from certain renewable resources.

1.

Required contract terms relating to wind facilities

(a)

In general

Section 45(d)(1) of the Internal Revenue Code of 1986 is amended by striking facility with respect to which and inserting the following: facility— (A)with respect to which any qualified small wind energy property expenditure (as defined in subsection (d)(4) of section 25D) is taken into account in determining the credit under such section, or (B)which is located on real property that is not majority owned by the taxpayer unless the taxpayer has a contractual agreement with the landowner that requires the taxpayer to remove the facility and any associated equipment after the end of the useful life of such facility.. (b)

Effective date

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