.I 
111TH CONGRESS 
1ST SESSION H. R. 2348 
To amend the Internal Revenue Code of 1986 to encourage investment in 
electric transmission technologies that improve the efficiency of power delivery. 
IN THE HOUSE OF REPRESENTATIVES 
MAY 12, 2009 
Mr. HOYER 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 encourage 
investment in electric transmission technologies that im-
prove the efficiency of power delivery. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Financing Advanced 
and Superconducting Transmission Act of 2009’’. 
SEC. 2. 5-YEAR DEPRECIATION FOR ADVANCED ELECTRIC 
TRANSMISSION PROPERTY. 
(a) IN GENERAL.—Subparagraph (B) of section 
168(e)(3) of the Internal Revenue Code of 1986 (defining 
5-year property) is amended by striking ‘‘and’’ at the end 
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of clause (vi), by striking the period at the end of clause 
(vii) and inserting ‘‘, and’’, and by inserting after clause 
(vii) the following new clause: 
‘‘(viii) is qualified advanced electric 
transmission property (as described in sec-
tion 48(c)(6)) which is placed in service be-
fore January 1, 2017’’. 
(b) EFFECTIVE DATE.—The amendment made by 
subsection (a) shall apply to property placed in service 
after the date of the enactment of this Act. 
SEC. 3. INVESTMENT TAX CREDIT FOR HIGH EFFICIENCY 
TRANSMISSION PROPERTY AND ADVANCED 
ELECTRIC TRANSMISSION PROPERTY. 
(a) IN GENERAL.—Subparagraph (A) of section 
48(a)(3) of the Internal Revenue Code of 1986 (defining 
energy property) is amended by striking ‘‘or’’ at the end 
of clause (vi) and by inserting after clause (vii) the fol-
lowing new clauses: 
‘‘(viii) qualified high efficiency trans-
mission property, or 
‘‘(ix) qualified advanced electric trans-
mission property,’’. 
(b) 30 PERCENT CREDIT.—Clause (i) of section 
48(a)(2)(A) of the Internal Revenue Code of 1986 is 
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amended by striking ‘‘and’’ at the end of subclause (III) 
and by inserting after subclause (IV) the following: 
‘‘(V) qualified advanced electric 
transmission property, and’’. 
(c) DEFINITIONS.—Subsection (c) of section 48 of 
such Code is amended by adding at the end the following 
new paragraphs: 
‘‘(5) QUALIFIED
HIGH
EFFICIENCY
TRANS-
MISSION PROPERTY.— 
‘‘(A) IN
GENERAL.—The term ‘qualified 
high efficiency transmission property’ means 
any high voltage overhead electric transmission 
line, related substation, or other integrated fa-
cility that— 
‘‘(i) utilizes advanced conductor core 
technology that has been determined by 
the Secretary of Energy as— 
‘‘(I) reasonably likely to become 
commercially viable within ten (10) 
years of the date of enactment of the 
Financing 
Advanced 
and 
Super-
conducting Transmission Act of 2009, 
‘‘(II) is suitable for use on trans-
mission lines up to 765kV, and 
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‘‘(III) exhibits power losses at 
least 30 percent lower than that of 
transmission lines using conventional 
‘ACSR’ conductors, 
‘‘(ii) has been determined by an ap-
propriate energy regulatory body, upon ap-
plication, to be in the public interest and 
thereby eligible for inclusion in regulated 
rates, and 
‘‘(iii) can be located safely and eco-
nomically in a right of way not to exceed 
that used by conventional ‘ACSR’ conduc-
tors. 
‘‘(B) TERMINATION.—The term ‘qualified 
high efficiency transmission property’ shall not 
include any property placed in service after De-
cember 31, 2016. 
‘‘(6) QUALIFIED ADVANCED ELECTRIC TRANS-
MISSION PROPERTY.— 
‘‘(A) IN
GENERAL.—The term ‘qualified 
advanced electric transmission property’ means 
any high voltage electric transmission cable, re-
lated substation, converter station, or other in-
tegrated facility that— 
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‘‘(i) utilizes advanced ultra low resist-
ance superconductive material or other ad-
vanced technology that has been deter-
mined by the Secretary of Energy as— 
‘‘(I) reasonably likely to become 
commercially viable within 10 years 
after the date of enactment of the Fi-
nancing 
Advanced 
and 
Super-
conducting Transmission Act of 2009, 
‘‘(II) capable of reliably transmit-
ting at least 5 gigawatts of high-volt-
age electric energy for distances 
greater than 300 miles with energy 
losses not exceeding 3 percent of the 
total power transported, and 
‘‘(III) not creating an electro-
magnetic field, 
‘‘(ii) has been determined by an ap-
propriate energy regulatory body, upon ap-
plication, to be in the public interest and 
thereby eligible for inclusion in regulated 
rates, and 
‘‘(iii) can be located safely and eco-
nomically in a permanent underground 
right of way not to exceed 25 feet in width. 
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‘‘(B) ENERGY PERCENTAGE.—In the case 
of any qualified advanced electric transmission 
property placed in service before January 1, 
2015, with a length of not less than 150 miles, 
subsection (a)(2)(A)(i) shall be applied by sub-
stituting ‘50 percent’ for ‘30 percent’. 
‘‘(C) TERMINATION.—The term ‘qualified 
advanced electric transmission property’ shall 
not include any property placed in service after 
December 31, 2016.’’. 
(d) EFFECTIVE DATE.—The amendments made by 
this section shall apply to periods after the date of the 
enactment of this Act, in taxable years ending after such 
date, under rules similar to the rules of section 48(m) of 
the Internal Revenue Code of 1986 (as in effect on the 
day before the date of the enactment of the Revenue Rec-
onciliation Act of 1990). 
Æ 
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