```

[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5172 Introduced in House (IH)]

<DOC>

114th CONGRESS
  2d Session
                                H. R. 5172

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

_______________________________________________________________________

                    IN THE HOUSE OF REPRESENTATIVES

                              May 6, 2016

Mr. Meehan (for himself and Mr. Carney) 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 and phaseout the 
                  energy credit for certain property.

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

SECTION 1. EXTENSION AND PHASEOUT OF ENERGY CREDIT FOR CERTAIN 
              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.
                                 <all>
```