[Congressional Record Volume 162, Number 54 (Monday, April 11, 2016)]
[Senate]
[Page S1867]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 3614. Mr. DAINES (for himself and Ms. Murkowski) 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. ____. EXTENSION OF CREDITS FOR ELECTRICITY PRODUCED FROM 
                   QUALIFIED HYDROPOWER AND MARINE AND 
                   HYDROKINETIC RENEWABLE ENERGY.

       (a) Qualified Hydropower Facilities.--
       (1) In general.--Clause (ii) of section 45(d)(9)(A) of the 
     Internal Revenue Code of 1986 is amended by striking 
     ``January 1, 2017'' and inserting ``January 1, 2020''.
       (2) Conforming amendment.--Subparagraph (C) of section 
     45(d)(9) of such Code is amended by striking ``January 1, 
     2017'' and inserting ``January 1, 2020''.
       (b) Marine and Hydrokinetic Renewable Energy.--Subparagraph 
     (B) of section 45(d)(11) of the Internal Revenue Code of 1986 
     is amended by striking ``January 1, 2017'' and inserting 
     ``January 1, 2020''.
       (c) Election to Treat Qualified Facilities as Energy 
     Property.--Clause (ii) of section 48(a)(5)(C) of the Internal 
     Revenue Code of 1986 is amended by inserting ``, (9), or 
     (11)'' after ``paragraph (1)''.
       (d) Effective Date.--The amendments made by this section 
     shall apply to property placed in service after December 31, 
     2016.
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