(1) IN GENERAL.—Section 24(e) of such Code
is amended by adding at the end the following new
sentence: ‘‘No credit shall be allowed under this sec-
tion to a taxpayer with respect to any applicable in-
dividual unless the taxpayer includes the name and
taxpayer identification number of such individual,
and the identification number of the physician certi-
fying such individual, on the return of tax for the
taxable year.’’.
(2) ASSESSMENT.—Section 6213(g)(2)(I) of
such Code is amended—
(A) by inserting ‘‘or physician identifica-
tion’’ after ‘‘correct TIN’’, and
(B) by striking ‘‘child’’ and inserting
‘‘family care’’.
(d) EFFECTIVE DATE.—The amendments made by
this section shall apply to taxable years beginning after
December 31, 1999.
TITLE IV—EXPANSION OF
DEPENDENT CARE TAX CREDIT
SEC. 401. EXPANSION OF DEPENDENT CARE TAX CREDIT.
(a) INCREASE IN PERCENTAGE OF EMPLOYMENT-
RELATED EXPENSES ALLOWED AS CREDIT.—Paragraph
(2) of section 21(a) of the Internal Revenue Code of 1986
(defining applicable percentage) is amended to read as fol-
lows:
‘‘(2) APPLICABLE PERCENTAGE DEFINED.—
‘‘(A) IN GENERAL.—For purposes of para-
graph (1), the term ‘applicable percentage’
means 50 percent reduced (but not below 20
percent) by each $2,000 (or fraction thereof) by
which the taxpayers’s adjusted gross income for
the taxable year exceeds $30,000.
‘‘(B) PHASEIN.—In the case of taxable
years beginning before January 1, 2004, the
percentage determined under the following table
shall be substituted for ‘50 percent’:
‘‘For taxable years beginning
in calendar year—
The percentage is—
2000 .............................................................................
2001 .............................................................................
2002 .............................................................................
2003 .............................................................................
45.’’
(b) MINIMUM CREDIT ALLOWED FOR STAY-AT-HOME
PARENTS.—Subsection (e) of section 21 of such Code (re-
lating to special rules) is amended by adding at the end
the following:
‘‘(11) MINIMUM CREDIT ALLOWED FOR STAY-
AT-HOME
PARENTS.—Notwithstanding 
subsection
(d), in the case of any taxpayer with one or more
qualifying 
individuals 
described 
in 
subsection
(b)(1)(A) under the age of 1 at any time during the
taxable year, such taxpayer shall be deemed to have
employment-related expenses with respect to such
qualifying individuals in an amount equal to the
greater of—
‘‘(A) the amount of employment-related ex-
penses incurred for such qualifying individuals
for the taxable year (determined under this sec-
tion without regard to this paragraph), or
‘‘(B) $120 for each month in such taxable
year during which such qualifying individual is
under the age of 1.’’
(c) EFFECTIVE DATE.—The amendments made by
this section apply to taxable years beginning after Decem-
ber 31, 1999.
TITLE V—ALTERNATIVE
MINIMUM TAX RELIEF
SEC. 501. NONREFUNDABLE PERSONAL CREDITS ALLOWED
AGAINST ALTERNATIVE MINIMUM TAX.
(a) IN GENERAL.—Subsection (a) of section 26 of the
Internal Revenue Code of 1986 is amended to read as fol-
lows:
‘‘(a) LIMITATION BASED ON AMOUNT OF TAX.—The
aggregate amount of credits allowed by this subpart for
the taxable year shall not exceed the sum of—
‘‘(1) the taxpayer’s regular tax liability for the
taxable year reduced the foreign tax credit allowable
under section 27(a), and
‘‘(2) the tax imposed for the taxable year by
section 55(a).’’.
(b) CONFORMING AMENDMENTS.—
(1) Subsection (d) of section 24 of such Code
is amended by striking paragraph (2) and by redes-
ignating paragraph (3) as paragraph (2).
(2) Section 904 of such Code is amended by
striking subsection (h) and by redesignating sub-
sections (i), (j), and (k) as subsections (h), (i), and
(j), respectively.
(c) EFFECTIVE DATE.—The amendments made by
this section shall apply to taxable years beginning after
December 31, 1999.
SEC. 502. INCOME AVERAGING FOR FARMERS NOT TO IN-
CREASE ALTERNATIVE MINIMUM TAX LIABIL-
ITY.
(a) IN GENERAL.—Section 55(c) of the Internal Rev-
enue Code of 1986 (defining regular tax) is amended by
redesignating paragraph (2) as paragraph (3) and by in-
serting after paragraph (1) the following new paragraph:
‘‘(2) COORDINATION WITH INCOME AVERAGING
FOR FARMERS.—Solely for purposes of this section,
section 1301 (relating to averaging of farm income)
shall not apply in computing the regular tax.’’
(b) EFFECTIVE DATE.—The amendment made by
this section shall apply to taxable years beginning after
December 31, 1998.
TITLE VI—ELIMINATION OF 60-
MONTH LIMIT ON STUDENT
LOAN INTEREST DEDUCTION
SEC. 601. ELIMINATION OF 60-MONTH LIMIT ON STUDENT
LOAN INTEREST DEDUCTION.
(a) IN GENERAL.—Section 221 of the Internal Rev-
enue Code of 1986 (relating to interest on education
loans) is amended by striking subsection (d) and by redes-
ignating subsections (e), (f), and (g) as subsections (d),
(e), and (f), respectively.
(b) CONFORMING AMENDMENT.—Section 6050(e) of
the Internal Revenue Code of 1986 is amended by striking
‘‘section 221(e)(1)’’ and inserting ‘‘section 221(d)(1)’’.
(c) EFFECTIVE DATE.—The amendments made by
this section shall apply with respect to any loan interest
paid after December 31, 1997.
TITLE VII—INCREASE IN LOW-IN-
COME 
HOUSING 
CREDIT
STATE CEILING
SEC. 701. INCREASE IN STATE CEILING ON LOW-INCOME
HOUSING CREDIT.
(a) IN GENERAL.—Clause (i) of section 42(h)(3)(C)
of the Internal Revenue Code of 1986 (relating to State
housing credit ceiling) is amended by striking ‘‘$1.25’’ and
inserting ‘‘$1.75’’.
(b) ADJUSTMENT
OF
STATE
CEILING
FOR
IN-
CREASES IN COST-OF-LIVING.—Paragraph (3) of section
42(h) of such Code (relating to housing credit dollar
amount for agencies) is amended by adding at the end
the following new subparagraph:
‘‘(H) COST-OF-LIVING ADJUSTMENT.—
‘‘(i) IN GENERAL.—In the case of a
calendar year after 2000, the dollar
amount contained in subparagraph (C)(i)
shall be increased by an amount equal to—
‘‘(I) such dollar amount, multi-
plied by
‘‘(II) the cost-of-living adjust-
ment determined under section 1(f)(3)
for such calendar year by substituting
‘calendar year 1999’ for ‘calendar
year 1992’ in subparagraph (B) there-
of.
‘‘(ii) ROUNDING.—If any increase
under clause (i) is not a multiple of 5
cents, such increase shall be rounded to
the next lowest multiple of 5 cents.’’.
(c) EFFECTIVE DATE.—The amendments made by
this section shall apply to calendar years after 1999.
TITLE VIII—FARM AND RANCH
RISK MANAGEMENT ACCOUNTS
SEC. 801. FARM AND RANCH RISK MANAGEMENT AC-
COUNTS.
(a) IN GENERAL.—Subpart C of part II of sub-
chapter E of chapter 1 of the Internal Revenue Code of
1986 (relating to taxable year for which deductions taken)
is amended by inserting after section 468B the following
new section:
‘‘SEC. 468C. FARM AND RANCH RISK MANAGEMENT AC-
COUNTS.
‘‘(a) DEDUCTION ALLOWED.—In the case of an indi-
vidual engaged in an eligible farming business, there shall
be allowed as a deduction for any taxable year the amount
paid in cash by the taxpayer during the taxable year to
a Farm and Ranch Risk Management Account (herein-
after referred to as the ‘FARRM Account’).
‘‘(b) LIMITATION.—The amount which a taxpayer
may pay into the FARRM Account for any taxable year
shall not exceed 20 percent of so much of the taxable in-
come of the taxpayer (determined without regard to this
section) which is attributable (determined in the manner
applicable under section 1301) to any eligible farming
business.
‘‘(c) ELIGIBLE FARMING BUSINESS.—For purposes
of this section, the term ‘eligible farming business’ means
any farming business (as defined in section 263A(e)(4))
which is not a passive activity (within the meaning of sec-
tion 469(c)) of the taxpayer.
‘‘(d) FARRM ACCOUNT.—For purposes of this
section—
‘‘(1) IN
GENERAL.—The term ‘FARRM Ac-
count’ means a trust created or organized in the
United States for the exclusive benefit of the tax-
payer, but only if the written governing instrument
creating the trust meets the following requirements:
‘‘(A) No contribution will be accepted for
any taxable year in excess of the amount al-
lowed as a deduction under subsection (a) for
such year.
‘‘(B) The trustee is a bank (as defined in
section 408(n)) or another person who dem-
onstrates to the satisfaction of the Secretary
that the manner in which such person will ad-
minister the trust will be consistent with the re-
quirements of this section.
‘‘(C) The assets of the trust consist en-
tirely of cash or of obligations which have ade-
quate stated interest (as defined in section
1274(c)(2)) and which pay such interest not
less often than annually.
‘‘(D) All income of the trust is distributed
currently to the grantor.
‘‘(E) The assets of the trust will not be
commingled with other property except in a
common trust fund or common investment
fund.
‘‘(2) ACCOUNT TAXED AS GRANTOR TRUST.—
The grantor of a FARRM Account shall be treated
for purposes of this title as the owner of such Ac-
count and shall be subject to tax thereon in accord-
ance with subpart E of part I of subchapter J of
this chapter (relating to grantors and others treated
as substantial owners).
‘‘(e) INCLUSION OF AMOUNTS DISTRIBUTED.—
‘‘(1) IN GENERAL.—Except as provided in para-
graph (2), there shall be includible in the gross in-
come of the taxpayer for any taxable year—
‘‘(A) any amount distributed from a
FARRM Account of the taxpayer during such
taxable year, and
‘‘(B) any deemed distribution under—
‘‘(i) subsection (f)(1) (relating to de-
posits not distributed within 5 years),
‘‘(ii) subsection (f)(2) (relating to ces-
sation in eligible farming business), and
‘‘(iii) subparagraph (A) or (B) of sub-
section (f)(3) (relating to prohibited trans-
actions and pledging account as security).
‘‘(2) EXCEPTIONS.—Paragraph (1)(A) shall not
apply to—
‘‘(A) any distribution to the extent attrib-
utable to income of the Account, and
‘‘(B) the distribution of any contribution
paid during a taxable year to a FARRM Ac-
count to the extent that such contribution ex-
ceeds the limitation applicable under subsection
(b) if requirements similar to the requirements
of section 408(d)(4) are met.
For purposes of subparagraph (A), distributions
shall be treated as first attributable to income and
then to other amounts.
‘‘(3) EXCLUSION
FROM
SELF-EMPLOYMENT
TAX.—Amounts included in gross income under this
subsection shall not be included in determining net
earnings from self-employment under section 1402.
‘‘(f) SPECIAL RULES.—
‘‘(1) TAX
ON
DEPOSITS
IN
ACCOUNT
WHICH
ARE NOT DISTRIBUTED WITHIN 5 YEARS.—
‘‘(A) IN GENERAL.—If, at the close of any
taxable year, there is a nonqualified balance in
any FARRM Account—
‘‘(i) there shall be deemed distributed
from such Account during such taxable
year an amount equal to such balance, and
‘‘(ii) the taxpayer’s tax imposed by
this chapter for such taxable year shall be
increased by 10 percent of such deemed
distribution.
The preceding sentence shall not apply if an
amount equal to such nonqualified balance is
distributed from such Account to the taxpayer
before the due date (including extensions) for
filing the return of tax imposed by this chapter
for such year (or, if earlier, the date the tax-
payer files such return for such year).
‘‘(B) NONQUALIFIED BALANCE.—For pur-
poses of subparagraph (A), the term ‘non-
qualified balance’ means any balance in the Ac-
count on the last day of the taxable year which
is attributable to amounts deposited in such Ac-
count before the 4th preceding taxable year.
‘‘(C) ORDERING RULE.—For purposes of
this paragraph, distributions from a FARRM
Account shall be treated as made from deposits
in the order in which such deposits were made,
beginning with the earliest deposits. For pur-
poses of the preceding sentence, income of such
an Account shall be treated as a deposit made
on the date such income is received by the Ac-
count.
‘‘(2) CESSATION IN ELIGIBLE FARMING BUSI-
NESS.—At the close of the first disqualification pe-
riod after a period for which the taxpayer was en-
gaged in an eligible farming business, there shall be
deemed distributed from the FARRM Account (if
any) of the taxpayer an amount equal to the balance
in such Account at the close of such disqualification
period. For purposes of the preceding sentence, the
term ‘disqualification period’ means any period of 2
consecutive taxable years for which the taxpayer is
not engaged in an eligible farming business.
‘‘(3) CERTAIN RULES TO APPLY.—Rules similar
to the following rules shall apply for purposes of this
section:
‘‘(A) Section 408(e)(2) (relating to loss of
exemption of account where individual engages
in prohibited transaction).
‘‘(B) Section 408(e)(4) (relating to effect
of pledging account as security).
‘‘(C) Section 408(g) (relating to commu-
nity property laws).
‘‘(D) Section 408(h) (relating to custodial
accounts).
‘‘(4) TIME WHEN PAYMENTS DEEMED MADE.—
For purposes of this section, a taxpayer shall be
deemed to have made a payment to a FARRM Ac-
count on the last day of a taxable year if such pay-
ment is made on account of such taxable year and
is made within 31⁄2 months after the close of such
taxable year.
‘‘(5) INDIVIDUAL.—For purposes of this sec-
tion, the term ‘individual’ shall not include an estate
or trust.
‘‘(g) REPORTS.—The trustee of a FARRM Account
shall make such reports regarding such Account to the
Secretary and to the person for whose benefit the Account
is maintained with respect to contributions, distributions,
and such other matters as the Secretary may require
under regulations. The reports required by this subsection
shall be filed at such time and in such manner and fur-
nished to such persons at such time and in such manner
as may be required by those regulations.’’.
(b) DEDUCTION
ALLOWED
IN
COMPUTING
AD-
JUSTED GROSS INCOME.—Subsection (a) of section 62 of
such Code (defining adjusted gross income) is amended
by inserting after paragraph (18) the following new para-
graph:
‘‘(19) CONTRIBUTIONS TO FARM AND RANCH
RISK MANAGEMENT ACCOUNTS.—The deduction al-
lowed by section 468C(a).’’
(c) TAX ON EXCESS CONTRIBUTIONS.—
(1) Subsection (a) of section 4973 of such Code
(relating to tax on certain excess contributions) is
amended by striking ‘‘or’’ at the end of paragraph
(3), by redesignating paragraph (4) as paragraph
(5), and by inserting after paragraph (3) the fol-
lowing new paragraph:
‘‘(4) a FARRM Account (within the meaning of
section 468C(d)), or’’.
(2) Section 4973 of such Code is amended by
adding at the end the following new subsection:
‘‘(g) EXCESS
CONTRIBUTIONS
TO
FARRM AC-
COUNTS.—For purposes of this section, in the case of a
FARRM Account (within the meaning of section
468C(d)), the term ‘excess contributions’ means the
amount by which the amount contributed for the taxable
year to the Account exceeds the amount which may be con-
tributed to the Account under section 468C(b) for such
taxable year. For purposes of this subsection, any con-
tribution which is distributed out of the FARRM Account
in a distribution to which section 468C(e)(2)(B) applies
shall be treated as an amount not contributed.’’.
(3) The section heading for section 4973 of
such Code is amended to read as follows:
‘‘SEC. 4973. EXCESS CONTRIBUTIONS TO CERTAIN AC-
COUNTS, ANNUITIES, ETC.’’.
(4) The table of sections for chapter 43 of such
Code is amended by striking the item relating to sec-
tion 4973 and inserting the following new item:
‘‘Sec. 4973. Excess contributions to certain accounts, annuities,
etc.’’.
(d) TAX ON PROHIBITED TRANSACTIONS.—
(1) Subsection (c) of section 4975 of such Code
(relating to prohibited transactions) is amended by
adding at the end the following new paragraph:
‘‘(6) SPECIAL RULE FOR FARRM ACCOUNTS.—
A person for whose benefit a FARRM Account
(within the meaning of section 468C(d)) is estab-
lished shall be exempt from the tax imposed by this
section with respect to any transaction concerning
such Account (which would otherwise be taxable
under this section) if, with respect to such trans-
action, the account ceases to be a FARRM Account
by reason of the application of section 468C(f)(3)(A)
to such Account.’’.
(2) Paragraph (1) of section 4975(e) of such
Code is amended by redesignating subparagraphs
(E) and (F) as subparagraphs (F) and (G), respec-
tively, and by inserting after subparagraph (D) the
following new subparagraph:
‘‘(E) a FARRM Account described in sec-
tion 468C(d),’’.
(e) FAILURE TO PROVIDE REPORTS ON FARRM AC-
COUNTS.—Paragraph (2) of section 6693(a) of such Code
(relating to failure to provide reports on certain tax-fa-
vored accounts or annuities) is amended by redesignating
subparagraphs (C) and (D) as subparagraphs (D) and
(E), respectively, and by inserting after subparagraph (B)
the following new subparagraph:
‘‘(C) section 468C(g) (relating to FARRM
Accounts).’’.
(f) CLERICAL AMENDMENT.—The table of sections
for subpart C of part II of subchapter E of chapter 1 of
such Code is amended by inserting after the item relating
to section 468B the following new item:
‘‘Sec. 468C. Farm and Ranch Risk Management Accounts.’’.
(g) EFFECTIVE DATE.—The amendments made by
this section shall apply to taxable years beginning after
the date of the enactment of this Act.
TITLE 
IX—INCENTIVES 
FOR
URBAN REVITALIZATION AND
OPEN SPACE
SEC. 901. EXPENSING OF ENVIRONMENTAL REMEDIATION
COSTS EXPANDED TO CONTAMINATED SITES
OUTSIDE OF TARGETED AREAS.
(a) IN GENERAL.—Clause (ii) of section 198(c)(1)(A)
of the Internal Revenue Code of 1986 (relating to quali-
fied contaminated sites) is amended to read as follows:
‘‘(ii) which is within the United
States, and’’.
(b) EXPENSE TREATMENT MADE PERMANENT.—
Section 198 of such Code is amended by striking sub-
section (h).
(c) CONFORMING AMENDMENT.—Paragraph (2) of
section 198(c) of such Code is amended to read as follows:
‘‘(2) NATIONAL PRIORITIES LISTED SITES NOT
INCLUDED.—Such term shall not include any site
which is on, or proposed for, the national priorities
list under section 105(a)(8)(B) of the Comprehen-
sive Environmental Response, Compensation, and
Liability Act of 1980 (as in effect on the date of the
enactment of this section).’’
(d) EFFECTIVE DATE.—The amendments made by
this section shall apply to expenditures paid or incurred
after the date of the enactment of this Act in taxable years
ending after such date.
SEC. 902. MODIFICATIONS TO ENCOURAGE CONTRIBU-
TIONS OF CAPITAL GAIN REAL PROPERTY
MADE FOR CONSERVATION PURPOSES AND
OF QUALIFIED CONSERVATION CONTRIBU-
TIONS.
(a) CONTRIBUTIONS OF CAPITAL GAIN REAL PROP-
ERTY MADE
FOR CONSERVATION PURPOSES
AND
OF
QUALIFIED CONSERVATION CONTRIBUTIONS NOT SUB-
JECT TO SPECIAL LIMITATION ON CONTRIBUTIONS OF
CAPITAL GAIN PROPERTY.—Subparagraph (C) of section
170(b)(1) of the Internal Revenue Code of 1986 (relating
to special limitation with respect to contributions de-
scribed in subparagraph (A) of capital gain property) is
amended by redesignating clause (iv) as clause (v) and by
inserting after clause (iii) the following new clause:
‘‘(iv) In the case of charitable con-
tributions described in subparagraph (A)
of capital gain property, clauses (i) and (ii)
shall not apply to—
‘‘(I) any qualified conservation
contribution (as defined in section
170(h)), or
‘‘(II) any other contribution of
capital gain property which is real
property if the contribution is of the
donor’s entire interest in such prop-
erty and is to a qualified organization
(as defined in section 170(h)(3))
which is organized for conservation
purposes 
(as 
defined 
in 
section
170(h)(4)(A)) and which provides the
taxpayer, at the time of such dona-
tion, a letter of intent which contains
an acknowledgment of the donee’s in-
tent that the property is being ac-
quired for any such conservation pur-
pose.’’.
(b) UNLIMITED CARRYOVER FOR CONTRIBUTIONS OF
CAPITAL GAIN REAL PROPERTY
FOR CONSERVATION
PURPOSES
AND
OF QUALIFIED CONSERVATION CON-
TRIBUTIONS OF CAPITAL GAIN PROPERTY.—Paragraph
(1) of section 170(d) of such Code in amended by adding
at the end the following new subparagraph:
‘‘(C) UNLIMITED
CARRYOVER
FOR
CON-
TRIBUTIONS OF CAPITAL GAIN REAL PROPERTY
FOR CONSERVATION PURPOSES AND OF QUALI-
FIED CONSERVATION CONTRIBUTIONS OF CAP-
ITAL GAIN PROPERTY.—The 5 taxable year lim-
itation in subparagraph (A) shall not apply to
any charitable contribution to which clauses (i)
and (ii) of subsection (b)(1)(C) do not apply by
reason of clause (iv) thereof. For purposes of
this paragraph, the excess described in the ma-
terial preceding clause (i) of subparagraph (A)
shall be treated as attributable to contributions
described in the preceding sentence of this sub-
paragraph to the extent of such contributions.’’.
(c) EFFECTIVE DATE.—The amendment made by
this section shall apply to contributions made in taxable
years beginning after the date of the enactment of this
Act.
TITLE X—EXTENSION OF
CERTAIN EXPIRING PROVISIONS
SEC. 1001. RESEARCH CREDIT.
(a) CREDIT MADE PERMANENT.—
(1) IN GENERAL.—Section 41 of the Internal
Revenue Code of 1986 (relating to credit for increas-
ing research activities) is amended by striking sub-
section (h).
(2) CONFORMING AMENDMENT.—Paragraph (1)
section 45C(b) of such Code is amended by striking
subparagraph (D).
(3) EFFECTIVE DATE.—The amendments made
by this subsection shall apply to amounts paid or in-
curred after June 30, 1999.
(b) INCREASE
IN PERCENTAGES UNDER ALTER-
NATIVE INCREMENTAL CREDIT.—
(1) IN GENERAL.—Subparagraph (A) of section
41(c)(4) of such Code is amended—
(A) by striking ‘‘1.65 percent’’ and insert-
ing ‘‘2.65 percent’’,
(B) by striking ‘‘2.2 percent’’ and inserting
‘‘3.2 percent’’, and
(C) by striking ‘‘2.75 percent’’ and insert-
ing ‘‘3.75 percent’’.
(2) EFFECTIVE DATE.—The amendments made
by this subsection shall apply to taxable years begin-
ning after June 30, 1999.
SEC. 1002. WORK OPPORTUNITY CREDIT.
(a) CREDIT MADE PERMANENT.—Subsection (c) of
section 51 of the Internal Revenue Code of 1986 is amend-
ed by striking paragraph (4).
(b) EFFECTIVE DATE.—The amendment made by
subsection (a) shall apply to individuals who begin work
for the employer after June 30, 1999.
SEC. 1003. PERMANENT SUBPART F EXEMPTION FOR AC-
TIVE FINANCING INCOME.
(a) BANKING, FINANCING, 
OR
SIMILAR
BUSI-
NESSES.—Subsection (h) of section 954 of the Internal
Revenue Code of 1986 (relating to special rule for income
derived in the active conduct of banking, financing, or
similar businesses) is amended by striking paragraph (9).
(b) INSURANCE BUSINESSES.—Subsection (a) of sec-
tion 953 of such Code (defining insurance income) is
amended by striking paragraph (10) and by redesignating
paragraph (11) as paragraph (10).
(c) EFFECTIVE DATE.—The amendments made by
this section shall apply to taxable years of a foreign cor-
poration beginning after December 31, 1998, and to tax-
able years of United States shareholders with or within
which such taxable years of such foreign corporation end.
SEC. 1004. CREDIT FOR ELECTRICITY PRODUCED FROM RE-
NEWABLE RESOURCES.
(a) EXTENSION AND MODIFICATION OF PLACED-IN-
SERVICE RULES.—Paragraph (3) of section 45(c) of the
Internal Revenue Code of 1986 is amended to read as fol-
lows:
‘‘(3) QUALIFIED FACILITY.—
‘‘(A) WIND FACILITIES.—In the case of a
facility using wind to produce electricity, the
term ‘qualified facility’ means any facility
owned by the taxpayer which is originally
placed in service after December 31, 1993, and
before July 1, 2004.
‘‘(B) BIOMASS FACILITIES.—In the case of
a facility using biomass to produce electricity,
the term ‘qualified facility’ means, with respect
to any month, any facility owned by the tax-
payer which is originally placed in service before
July 1, 2004, if, for such month—
‘‘(i) biomass comprises not less than
75 percent (on a Btu basis) of the average
monthly fuel input of the facility for the
taxable year which includes such month, or