Title: Renewable Electricity Tax Credit Equalization Act
Policy area: Taxation

Summary:
Renewable Electricity Tax Credit Equalization Act
This bill extends the energy tax credit for investment in certain qualified investment credit facilities and the credit for production of electricity from certain renewable resources (e.g., wind, biomass, solar, trash, and hydropower facilities).

[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4186 Introduced in House (IH)]

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116th CONGRESS
  1st Session
                                H. R. 4186

  To amend the Internal Revenue Code of 1986 to modify the credit for 
     electricity produced from certain renewable resources and the 
 investment credit for certain qualified investment credit facilities.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            August 13, 2019

  Ms. Stefanik (for herself and Mr. Peters) 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 modify the credit for 
     electricity produced from certain renewable resources and the 
 investment credit for certain qualified investment credit facilities.

    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 Electricity Tax Credit 
Equalization Act''.

SEC. 2. EXTENSION OF CREDIT FOR QUALIFIED INVESTMENT CREDIT FACILITIES.

    (a) In General.--Section 48(a)(5)(C)(ii) of the Internal Revenue 
Code of 1986 is amended to read as follows:
                            ``(ii) which is placed in service after 
                        2008 and the construction of which begins 
                        before January 1, 2018 (January 1, 2020, in the 
                        case of any facility which is described in 
                        paragraph (1) of section 45(d) or January 1, 
                        2025, in the case of any facility which is 
                        described in paragraph (2), (3), (4), (6), (7), 
                        (9) or (11) of section 45(d)), and''.
    (b) Effective Date.--The amendments made by this section shall 
apply to facilities the construction of which begins after December 31, 
2017.

SEC. 3. EXTENSION AND MODIFICATION OF PRODUCTION CREDITS FOR CERTAIN 
              FACILITIES.

    (a) Extension of Credit.--Paragraphs (2), (3), (4), (6), (7), (9), 
and (11) of section 45(d) of the Internal Revenue Code of 1986 are each 
amended by striking ``January 1, 2018'' and inserting ``January 1, 
2025''.
    (b) Full Credit Allowed for Certain Facilities.--Section 
45(b)(4)(A) of such Code is amended by inserting ``and the construction 
of which began before the date of the enactment of the Renewable 
Electricity Tax Credit Equalization Act'' after ``subsection (d)''.
    (c) Effective Dates.--
            (1) Extension.--The amendments made by subsection (a) shall 
        apply to facilities the construction of which begins after 
        December 31, 2017.
            (2) Allowance of full credit.--The amendment made by 
        subsection (b) shall apply to facilities the construction of 
        which begins on or after the date of the enactment of this Act.
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