[Congressional Record Volume 162, Number 17 (Thursday, January 28, 2016)]
[Senate]
[Page S384]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 3117. Mr. MARKEY submitted an amendment intended to be proposed to 
amendment SA 2953 proposed by Ms. Murkowski to the bill S. 2012, to 
provide for the modernization of the energy policy of the United 
States, and for other purposes; which was ordered to lie on the table; 
as follows:

       At the appropriate place, insert the following:

     SEC. ___. ENERGY CREDIT FOR QUALIFIED OFFSHORE WIND 
                   FACILITIES.

       (a) In General.--Section 48 of the Internal Revenue Code is 
     amended--
       (1) in subsection (a)--
       (A) in paragraph (2)(A)(i)--
       (i) in subclause (III), by striking ``and'' at the end, and
       (ii) by adding at the end the following new subclause:

       ``(V) qualified offshore wind property, and'', and

       (B) in paragraph (3)(A)--
       (i) in clause (vi), by striking ``or'' at the end,
       (ii) in clause (vii), by adding ``or'' at the end, and
       (iii) by adding at the end the following new clause:
       ``(viii) qualified offshore wind property, but only with 
     respect to periods ending before January 1, 2026,''.
       (2) in subsection (c), by adding at the end the following 
     new paragraph:
       ``(5) Qualified offshore wind property.--
       ``(A) In general.--The term `qualified offshore wind 
     property' means an offshore facility using wind to produce 
     electricity.
       ``(B) Offshore facility.--The term `offshore facility' 
     means any facility located in the inland navigable waters of 
     the United States, including the Great Lakes, or in the 
     coastal waters of the United States, including the 
     territorial seas of the United States, the exclusive economic 
     zone of United States, and the outer Continental Shelf of the 
     United States.
       ``(C) Exception for qualified small wind energy property.--
     The term `qualified offshore wind property' shall not include 
     any property described in paragraph (4).''.
       (b) Effective Date.--The amendments made by this section 
     shall take effect on the date of the enactment of this Act.
                                 ______