[Congressional Record Volume 162, Number 54 (Monday, April 11, 2016)]
[Senate]
[Page S1871]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 3624. Mr. SCHATZ (for himself and Mr. Heinrich) 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. ____. ENERGY CREDIT FOR BATTERY STORAGE TECHNOLOGY.

       (a) In General.--Subclause (II) of section 48(a)(2)(A)(i) 
     of the Internal Revenue Code of 1986 is amended by striking 
     ``paragraph (3)(A)(i)'' and inserting ``clause (i) or (viii) 
     of paragraph (3)(A)''.
       (b) Battery Storage Technology.--Subparagraph (A) of 
     section 48(a)(3) of the Internal Revenue Code of 1986 is 
     amended by striking ``or'' at the end of clause (vi), by 
     adding ``or'' at the end of clause (vii), and by adding at 
     the end the following new clause:
       ``(viii) battery storage technology,''.
       (c) Phaseout of Credit.--Paragraph (6) of section 48(a) of 
     the Internal Revenue Code of 1986 is amended--
       (1) by striking ``solar'' in the heading and inserting 
     ``certain'', and
       (2) by striking ``paragraph (3)(A)(i)'' both places it 
     appears and inserting ``clause (i) or (viii) of paragraph 
     (3)(A)''.
       (d) Effective Date.--The amendments made by this section 
     shall apply to property placed in service after December 31, 
     2015.

     SEC. ____. RESIDENTIAL ENERGY EFFICIENT PROPERTY CREDIT FOR 
                   BATTERY STORAGE TECHNOLOGY.

       (a) In General.--Subsection (a) of section 25D of the 
     Internal Revenue Code of 1986 is amended by striking ``and'' 
     at the end of paragraph (4), by striking the period at the 
     end of paragraph (5) and inserting ``, and'', and by adding 
     at the end the following new paragraph:
       ``(6) 30 percent of the qualified battery storage 
     technology expenditures made by the taxpayer during such 
     year.''.
       (b) Qualified Battery Storage Technology Expenditure.--
     Subsection (d) of section 25D of the Internal Revenue Code of 
     1986 is amended by adding at the end the following new 
     paragraph:
       ``(6) Qualified battery storage technology expenditure.--
     The term `qualified battery storage technology expenditure' 
     means an expenditure for battery storage technology installed 
     on or in connection with a dwelling unit located in the 
     United States and used as a residence by the taxpayer.''.
       (c) Effective Date.--The amendments made by this section 
     shall apply to expenditures paid or incurred in taxable years 
     beginning after December 31, 2015.
                                 ______