[Congressional Record Volume 162, Number 19 (Tuesday, February 2, 2016)]
[Senate]
[Page S507]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 3209. Mr. LANKFORD submitted an amendment intended to be proposed 
by him 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. ___. REPEAL OF CREDIT FOR ELECTRICITY PRODUCED FROM 
                   CERTAIN RENEWABLE RESOURCES.

       (a) Repeal of Credit.--
       (1) Repeal of certain qualified energy resources.--
       (A) In general.--Section 45 of the Internal Revenue Code of 
     1986 is amended--
       (i) in subsection (c)--

       (I) in paragraph (1), by striking subparagraphs (B) through 
     (I), and
       (II) by striking paragraphs (2) through (10), and

       (ii) in subsection (d), by striking paragraphs (2) through 
     (11).
       (B) Effective date.--The amendments made by this paragraph 
     shall apply to electricity, and refined coal, produced and 
     sold after December 31, 2026.
       (2) Repeal of credit for wind facilities and elimination of 
     section 45 of the internal revenue code of 1986.--
       (A) In general.--Subpart D of part IV of subchapter A of 
     chapter 1 of the Internal Revenue Code of 1986 is amended by 
     striking section 45 (and by striking the item relating to 
     such section in the table of sections for such subpart).
       (B) Conforming amendments.--
       (i) Section 38 of such Code is amended--

       (I) in subsection (b), by striking paragraph (8), and
       (II) in subsection (c)(4)(B), by striking clause (iii).

       (ii) Section 45J of such Code is amended by adding at the 
     end the following new subsection:
       ``(f) References to Section 45.--Any reference in this 
     section to any provision of section 45 shall be treated as a 
     reference to such provision as in effect immediately before 
     its repeal.''.
       (iii) Section 45K(g)(2) of such Code is amended by striking 
     subparagraph (E).
       (iv) Section 48 of such Code is amended by adding at the 
     end the following new subsection:
       ``(e) References to Section 45.--Any reference in this 
     section to any provision of section 45 shall be treated as a 
     reference to such provision as in effect immediately before 
     its repeal.''.
       (v) Section 54(d)(2)(A) of such Code is amended by 
     inserting ``(as in effect immediately before its repeal)'' 
     after ``section 45(d)''.
       (vi) Section 54C(d)(1) of such Code is amended by inserting 
     ``(as in effect immediately before its repeal)'' after 
     ``section 45(d)''.
       (vii) Section 54D(f)(1)(A)(iv) of such Code is amended by 
     inserting ``(as in effect immediately before its repeal)'' 
     after ``section 45(d)''.
       (viii) Section 55(c)(1) of such Code is amended by striking 
     ``45(e)(11)(C),''.
       (C) Effective date.--The amendments made by this paragraph 
     shall take effect on January 1, 2032.
       (b) Sense of Congress Regarding Further Extension.--It is 
     the sense of the Congress that the credit under section 45 of 
     the Internal Revenue Code of 1986 should be allowed to expire 
     and should not be extended beyond the expiration dates 
     specified in such section as of the date of the enactment of 
     this Act.
                                 ______