I 

115TH CONGRESS 

1ST SESSION H. R. 4636 

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 

DECEMBER 13, 2017 

Ms. SCHAKOWSKY (for herself, Ms. NORTON, Mr. QUIGLEY, Mr. CARTWRIGHT, 

Ms. LEE, Ms. MCCOLLUM, Mr. NADLER, Mr. POCAN, Ms. SPEIER, Mr. 

LOEBSACK, Mr. GUTIE ́RREZ, Mr. GRIJALVA, Mr. HUFFMAN, Ms. LOFGREN, Mr. TAKANO, Mr. KHANNA, Mr. POLIS, Mr. KENNEDY, Ms. 

VELA ́ZQUEZ, and Mr. MCNERNEY) 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 Energy5 Efficient Renewables Act of 2017’’. 


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1 SEC. 2. CERTAIN PROVISIONS OF RENEWABLE ENERGY 

2 CREDIT MADE PERMANENT. 

3 (a) WIND.—Section 45(d)(1) of the Internal Revenue 

4 Code of 1986 is amended by striking ‘‘, and the construc5 tion of which begins before January 1, 2020’’. 

6 (b) GEOTHERMAL.—Section 45(d)(4)(B) of such 

7 Code is amended by striking ‘‘the construction of which 

8 begins before January 1, 2017’’ and inserting ‘‘is origi9 nally placed in service after October 22, 2004’’. 

10 (c) HYDROPOWER.—Section 45(d)(9)(A) of such 

11 Code is amended by striking ‘‘and before January 1, 

12 2017’’ both places it appears in clauses (i) and (ii). 

13 (d) MARINE.—Section 45(d)(11)(B) of such Code is 

14 amended by striking ‘‘and the construction of which be15 gins before January 1, 2017’’. 

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

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

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

19 this section shall apply to property placed in service after 

20 December 31, 2016. 

21 SEC. 3. REPEAL OF DEDUCTION FOR INTANGIBLE DRILL22 ING AND DEVELOPMENT COSTS IN THE CASE 

23 OF OIL AND GAS WELLS. 

24 (a) IN GENERAL.—Section 263(c) of the Internal 

25 Revenue Code of 1986 is amended by adding at the end 

26 the following new sentence: ‘‘This subsection shall not 


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1 apply to amounts paid or incurred in any taxable year be2 ginning after December 31, 2017, by a taxpayer in the 

3 case of oil and gas wells.’’. 

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

5 this section shall apply to amounts paid or incurred in tax6 able years beginning after December 31, 2017. 

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

8 ATTRIBUTABLE TO DOMESTIC PRODUCTION 

9 ACTIVITIES. 

10 (a) IN GENERAL.—Section 199(c)(4)(B) of the Inter11 nal Revenue Code of 1986 is amended by striking ‘‘or’’ 

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

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

14 clause (iii) the following: 

15 ‘‘(iv) the production, refining, trans16 portation, or distribution of oil, natural 

17 gas, or any primary product (within the 

18 meaning of section 927(a)(2)(C), as in ef19 fect before its repeal).’’. 

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

21 such Code is amended by striking paragraph (9) and by 

22 redesignating paragraph (10) as paragraph (9). 

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

24 this section shall apply to taxable years beginning after 

25 December 31, 2017. 


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

2 GAS. 

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

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

5 gas wells’’. 

6 (b) CONFORMING AMENDMENTS.— 

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

8 adding at the end the following: 

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

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

11 well in taxable years beginning after December 31, 

12 2017.’’. 

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

14 Internal Revenue Code of 1986 is amended by strik15 ing section 613A (and by striking the item relating 

16 to such section in the table of sections for such 

17 part). 

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

19 this section shall apply to taxable years beginning after 

20 December 31, 2017. 

Æ 


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