[Congressional Record Volume 162, Number 56 (Wednesday, April 13, 2016)]
[Senate]
[Page S2040]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 3718. Mr. CARPER (for himself, Mr. Schumer, Mr. Wyden, and Mr. 
Coons) submitted an amendment intended to be proposed to amendment SA 
3679 proposed by Mr. McConnell (for 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 ENERGY CREDIT FOR OTHER ENERGY 
                   PROPERTY.

       (a) Qualified Fuel Cell Property.--Section 48(c)(1)(D) of 
     the Internal Revenue Code of 1986 is amended by striking 
     ``for any period after December 31, 2016'' and inserting 
     ``the construction of which does not begin before January 1, 
     2022''.
       (b) Qualified Microturbine Property.--Section 48(c)(2)(D) 
     of such Code is amended by striking ``for any period after 
     December 31, 2016'' and inserting ``the construction of which 
     does not begin before January 1, 2022''.
       (c) Combined Heat And Power System Property.--Section 
     48(c)(3)(A)(iv) of such Code is amended by striking ``which 
     is placed in service before January 1, 2017'' and inserting 
     ``the construction of which begins before January 1, 2022''.
       (d) Qualified Small Wind Energy Property.--Section 
     48(c)(4)(C) of such Code is amended by striking ``for any 
     period after December 31, 2016'' and inserting ``the 
     construction of which does not begin before January 1, 
     2022''.
       (e) Thermal Energy Property.--Section 48(a)(3)(A)(vii) of 
     such Code is amended by striking ``periods ending before 
     January 1, 2017'' and inserting ``property the construction 
     of which begins before January 1, 2022''.
       (f) Phaseout of 30 Percent Credit Rate for Fuel Cell and 
     Small Wind Energy Property.--Subsection (a) of section 48 of 
     such Code is amended by adding at the end the following new 
     paragraph:
       ``(7) Phaseout for qualified fuel cell property and 
     qualified small wind energy property.--In the case of 
     qualified fuel cell property or qualified small wind energy 
     property, the construction of which begins before January 1, 
     2022, the energy percentage determined under paragraph (2) 
     shall be equal to--
       ``(A) in the case of any property the construction of which 
     begins after December 31, 2019, and before January 1, 2021, 
     26 percent, and
       ``(B) in the case of any property the construction of which 
     begins after December 31, 2020, and before January 1, 2022, 
     22 percent.''.
       (g) Effective Date.--The amendments made by this section 
     shall take effect on the date of the enactment of this Act.
                                 ______