[Congressional Record Volume 163, Number 195 (Thursday, November 30, 2017)]
[Senate]
[Page S7601]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
SA 1747. Mr. ALEXANDER submitted an amendment intended to be proposed
to amendment SA 1618 proposed by Mr. McConnell (for Mr. Hatch (for
himself and Ms. Murkowski)) to the bill H.R. 1, to provide for
reconciliation pursuant to titles II and V of the concurrent resolution
on the budget for fiscal year 2018; which was ordered to lie on the
table; as follows:
At the end of subpart A of part V of subtitle C of title I,
add the following:
SEC. 13405. TERMINATION OF CREDIT FOR ELECTRICITY PRODUCED
FROM WIND.
(a) In General.--Paragraph (1) of section 45(d) is amended
by striking ``2020'' and inserting ``2018''.
(b) Conforming Amendments.--
(1) Paragraph (5) of section 45(b) is amended by striking
``shall be reduced by'' and all that follows through the
period and inserting ``shall be reduced by 20 percent in the
case of any facility the construction of which begins after
December 31, 2016, and before January 1, 2018.''.
(2) Clause (ii) of section 48(a)(5)(C) is amended by
striking ``January 1, 2020'' and inserting ``January 1,
2018''.
(3) Subparagraph (E) of section 48(a)(5) is amended by
striking ``shall be reduced by'' and all that follows through
the period and inserting ``shall be reduced by 20 percent in
the case of any facility the construction of which begins
after December 31, 2016, and before January 1, 2018.''.
(c) Effective Date.--
(1) In general.--Except as provided in paragraph (2), the
amendments made by this section shall apply to electricity
produced and sold in taxable years beginning after the date
of the enactment of this Act.
(2) Treatment as energy property.--The amendments made by
paragraphs (2) and (3) of subsection (b) shall apply to
property placed in service in taxable years beginning after
the date of the enactment of this Act.
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