I 

113TH CONGRESS 

1ST SESSION H. R. 2539 

To amend the Internal Revenue Code of 1986 to extend certain provisions 

of the renewable energy credit, and for other purposes. 

IN THE HOUSE OF REPRESENTATIVES 

JUNE 27, 2013 

Ms. SCHAKOWSKY (for herself, Mr. BRALEY of Iowa, Mr. CARTWRIGHT, Mr. 

DELANEY, Mr. ELLISON, Mr. GRIJALVA, Mr. HASTINGS of Florida, Mr. 

HOLT, Mr. HUFFMAN, Ms. LEE of California, Mr. LOEBSACK, Ms. LOFGREN, Ms. MCCOLLUM, Mr. GEORGE MILLER of California, Mr. MORAN, 

Mr. POCAN, Mr. TAKANO, and Ms. WILSON of Florida) introduced the 

following bill; which was referred to the Committee on Ways and Means 

A BILL 

To amend the Internal Revenue Code of 1986 to extend 

certain provisions of the renewable energy credit, and 

for other purposes. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Prioritizing Energy 

5 Efficient Renewables Act of 2013’’. 


tjames on DSK6SPTVN1PROD with BILLS
2 

•HR 2539 IH

1 SEC. 2. CERTAIN PROVISIONS OF RENEWABLE ENERGY 

2 CREDIT MADE PERMANENT. 

3 (a) WIND.—Paragraph (1) of section 45(d) of the In4 ternal Revenue Code of 1986 is amended by striking ‘‘, 

5 and the construction of which begins before January 1, 

6 2014’’. 

7 (b) GEOTHERMAL.—Paragraph (4)(B) of section 

8 45(d) of such Code is amended by striking ‘‘the construc9 tion of which begins before January 1, 2014’’ and insert10 ing ‘‘is originally placed in service after October 22, 

11 2004’’. 

12 (c) HYDROPOWER.—Paragraph (9)(A) of section 

13 45(d) of such Code is amended by striking ‘‘and before 

14 January 1, 2014’’ both places it appears in clauses (i) and 

15 (ii). 

16 (d) MARINE.—Paragraph (11)(B) of section 45d of 

17 such Code is amended by striking ‘‘and the construction 

18 of which begins before January 1, 2014’’. 

19 (e) CONFORMING AMENDMENT.—Section 45(d)(9) of 

20 such Code is amended by striking subparagraph (C). 

21 (f) EFFECTIVE DATE.—The amendments made by 

22 this section shall apply to property placed in service after 

23 December 31, 2013. 


tjames on DSK6SPTVN1PROD with BILLS
3 

•HR 2539 IH

1 SEC. 3. REPEAL OF DEDUCTION FOR INTANGIBLE DRILL2 ING AND DEVELOPMENT COSTS IN THE CASE 

3 OF OIL AND GAS WELLS. 

4 (a) IN GENERAL.—Subsection (c) of section 263 of 

5 the Internal Revenue Code of 1986 is amended by adding 

6 at the end the following new sentence: ‘‘This subsection 

7 shall not apply to amounts paid or incurred in any taxable 

8 year beginning after December 31, 2013, by a taxpayer 

9 in the case of oil and gas wells.’’. 

10 (b) EFFECTIVE DATE.—The amendment made by 

11 this section shall apply to amounts paid or incurred in tax12 able years beginning after December 31, 2013. 

13 SEC. 4. REPEAL OF DEDUCTION FOR OIL AND GAS INCOME 

14 ATTRIBUTABLE TO DOMESTIC PRODUCTION 

15 ACTIVITIES. 

16 (a) IN GENERAL.—Section 199(c)(4)(B) of the Inter17 nal Revenue Code of 1986 is amended by striking ‘‘and’’ 

18 at the end of clause (ii), by striking the period at the end 

19 of clause (iii) and inserting ‘‘, and’’, and by inserting after 

20 clause (iii) the following: 

21 ‘‘(iv) the production, refining, trans22 portation, or distribution of oil, natural 

23 gas, or any primary product (within the 

24 meaning of section 927(a)(2)(C), as in ef25 fect before its repeal).’’. 


tjames on DSK6SPTVN1PROD with BILLS
4 

•HR 2539 IH

1 (b) CONFORMING AMENDMENT.—Section 199(d) of 

2 such Code is amended by striking paragraph (9). 

3 (c) EFFECTIVE DATE.—The amendments made by 

4 this section shall apply to taxable years beginning after 

5 December 31, 2013. 

6 SEC. 5. REPEAL OF PERCENTAGE DEPLETION FOR OIL AND 

7 GAS. 

8 (a) IN GENERAL.—Section 611(a) of the Internal 

9 Revenue Code of 1986 is amended by striking ‘‘oil and 

10 gas wells’’. 

11 (b) CONFORMING AMENDMENTS.— 

12 (1) Section 613 of such Code is amended by 

13 adding at the end the following: 

14 ‘‘(f) TERMINATION RELATING TO OIL AND GAS.— 

15 This section shall not apply with respect to any oil or gas 

16 well in taxable years beginning after December 31, 

17 2013.’’. 

18 (2) Part I of subchapter I of chapter 1 of the 

19 Internal Revenue Code of 1986 is amended by strik20 ing section 613A (and by striking the item relating 

21 to such section in the table of sections for such 

22 part). 


tjames on DSK6SPTVN1PROD with BILLS
5 

•HR 2539 IH

1 (c) EFFECTIVE DATE.—The amendments made by 

2 this section shall apply to taxable years beginning after 

3 December 31, 2013. 

Æ 


tjames on DSK6SPTVN1PROD with BILLS