[Congressional Record Volume 162, Number 54 (Monday, April 11, 2016)]
[Senate]
[Page S1866]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 3609. Mr. MENENDEZ submitted an amendment intended to be proposed 
to amendment SA 3464 submitted by Mr. Thune (for himself and Mr. 
Nelson) to the bill H.R. 636, to amend the Internal Revenue Code of 
1986 to permanently extend increased expensing limitations, and for 
other purposes; which was ordered to lie on the table; as follows:

       At the appropriate place, insert the following:

     SEC. ___. SPECIAL RULE FOR CERTAIN FACILITIES.

       (a) In General.--Section 45(e) of the Internal Revenue Code 
     of 1986 is amended by adding at the end the following new 
     paragraph:
       ``(12) Special rule for certain qualified facilities.--
       ``(A) In general.--In the case of electricity produced at a 
     qualified facility described in paragraph (3) or (7) of 
     subsection (d) and placed in service before the date of the 
     enactment of this paragraph, a taxpayer may elect to apply 
     subsection (a)(2)(A)(ii) by substituting `the period 
     beginning after December 31, 2016, and ending before January 
     1, 2018' for `the 10-year period beginning on the date the 
     facility was originally placed in service'.
       ``(B) Limitation.--No credit shall be allowed under 
     subsection (a) to any taxpayer making an election under this 
     paragraph with respect to electricity produced and sold at a 
     facility during any period which, when aggregated with all 
     other periods for which a credit is allowed under this 
     section with respect to electricity produced and sold at such 
     facility, is in excess of 10 years.''.
       (b) Effective Date.--The amendment made by this section 
     shall take effect on January 1, 2017.
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