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[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3017 Introduced in House (IH)]

113th CONGRESS
  1st Session
                                H. R. 3017

To amend the Internal Revenue Code of 1986 to extend the energy credit 
                for certain property under construction.

_______________________________________________________________________

                    IN THE HOUSE OF REPRESENTATIVES

                             August 2, 2013

 Mr. Cook (for himself and Mr. Salmon) introduced the following bill; 
which was referred to the Committee on Ways and Means, and in addition 
to the Committee on Natural Resources, for a period to be subsequently 
   determined by the Speaker, in each case for consideration of such 
 provisions as fall within the jurisdiction of the committee concerned

_______________________________________________________________________

                                 A BILL

 
To amend the Internal Revenue Code of 1986 to extend the energy credit 
                for certain property under construction.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Renewable Energy Construction and 
Investment Parity Act of 2013''.

SEC. 2. EXTENSION OF ENERGY CREDIT FOR CERTAIN PROPERTY UNDER 
              CONSTRUCTION.

    (a) Solar Energy Property.--Paragraphs (2)(A)(i)(II) and (3)(A)(ii) 
of section 48(a) of the Internal Revenue Code of 1986 are each amended 
by striking ``periods ending'' and inserting ``property the 
construction of which begins''.
    (b) Qualified Fuel Cell Property.--Section 48(c)(1)(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, 
2017''.
    (c) 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, 2017''.
    (d) Combined Heat and Power System Property.--Section 
48(c)(3)(A)(iv) of such Code is amended by striking ``which is placed 
in service'' and inserting ``construction of which begins''.
    (e) 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, 2017''.
    (f) Thermal Energy Property.--Section 48(a)(3)(A)(vii) of such Code 
is amended by striking ``periods ending'' and inserting ``property the 
construction of which begins''.
    (g) Effective Date.--The amendments made by this section shall take 
effect on the date of the enactment of this Act.

SEC. 3. TREATMENT OF PROCEEDS OF SALES OF HELIUM FROM FEDERAL HELIUM 
              RESERVE.

    (a) Deposit of Proceeds.--Notwithstanding any other provision of 
law, from amounts received by the United States in a fiscal year as 
proceeds of sales of crude helium under the Helium Act (50 U.S.C. 167a 
et seq.), there shall be deposited in the general fund of the Treasury 
an amount equal to the amount of revenue that would have been received 
by the United States in that fiscal year but for the enactment of 
section 2 of this Act.
    (b) Treatment of Deposits.--Amounts deposited under subsection (a) 
shall be applied--
            (1) except as provided in paragraph (2), to reduce the 
        annual Federal budget deficit of the Government of the United 
        States; or
            (2) for amounts deposited in a fiscal year for which there 
        is not such an annual deficit, to reduce the Federal debt of 
        the Government of the United States.
                                 <all>
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