In this task, you are given text for US Congressional and California state bills, your task is to generate a summary for this bill.

Q: SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Wind Energy Research and Development 
Act of 2009''.

SEC. 2. WIND ENERGY RESEARCH AND DEVELOPMENT PROGRAM.

    (a) In General.--The Secretary of Energy shall carry out a program 
of research and development to--
            (1) improve the energy efficiency, reliability, and 
        capacity of wind turbines;
            (2) optimize the design and adaptability of wind energy 
        systems to the broadest practical range of atmospheric 
        conditions; and
            (3) reduce the cost of construction, generation, and 
        maintenance of wind energy systems.
    (b) Program.--The program under this section shall focus on 
research and development of--
            (1) new materials and designs to make larger, lighter, less 
        expensive, and more reliable rotor blades;
            (2) technologies to improve gearbox performance and 
        reliability;
            (3) automation, materials, and assembly of large-scale 
        components to reduce manufacturing costs;
            (4) low-cost transportable towers greater than 100 meters 
        in height to capitalize on improved wind conditions at higher 
        elevations;
            (5) advanced computational modeling tools to improve--
                    (A) the reliability of aeroelastic simulations of 
                wind energy systems;
                    (B) understanding of the interaction between each 
                wind turbine component;
                    (C) siting of wind energy systems to maximize 
                efficiency and minimize variable generation;
                    (D) integration of wind energy systems into the 
                existing electric grid to ensure reliability; and
                    (E) understanding of the wake effect between upwind 
                and downwind turbine operations;
            (6) advanced control systems and blade sensors to improve 
        performance and reliability under a wide variety of wind 
        conditions;
            (7) advanced generators, including--
                    (A) medium-speed and low-speed generators;
                    (B) direct-drive technology; and
                    (C) the use of advanced magnets in generator 
                rotors;
            (8) wind technology for offshore applications;
            (9) methods to assess and mitigate the effects of wind 
        energy systems on radar and electromagnetic fields;
            (10) wind turbines with a maximum electric power production 
        capacity of 100 kilowatts or less;
            (11) technical processes to enable--
                    (A) scalability of transmission from remotely 
                located renewable resource rich areas; and
                    (B) optimization of advanced infrastructure design, 
                including high voltage transmission; and
            (12) other research areas as determined by the Secretary.

SEC. 3. WIND ENERGY DEMONSTRATION PROGRAM.

    (a) In General.--The Secretary of Energy shall conduct a wind 
energy demonstration program. In carrying out this section, the 
Secretary shall ensure that--
            (1) the program is of sufficient size and geographic 
        diversity to measure wind energy system performance under the 
        full productive range of wind conditions in the United States;
            (2) demonstration projects carried out under this program 
        are--
                    (A) conducted in collaboration with industry and, 
                as appropriate, with academic institutions; and
                    (B) located in various geographic areas 
                representing various wind class regimes; and
            (3) data collected from demonstration projects carried out 
        under this program is useful for carrying out section 2(b).
    (b) Cost-Sharing.--The Secretary shall carry out the program under 
this section in compliance with section 988(a) through (d) and section 
989 of the Energy Policy Act of 2005 (42 U.S.C. 16352(a) through (d) 
and 16353).

SEC. 4. EQUAL OPPORTUNITY.

    In carrying out this Act, the Secretary of Energy shall--
            (1) coordinate with the Office of Minority Economic Impact 
        and with the Office of Small and Disadvantaged Business 
        Utilization; and
            (2) provide special consideration to applications submitted 
        by institutions, businesses, or entities containing majority 
        representation by individuals identified in section 33 or 34 of 
        the Science and Engineering Equal Opportunities Act (42 U.S.C. 
        1885a or 1885b).

SEC. 5. COMPETITIVE AWARDS.

    Awards under section 2 and section 3 shall be made on a competitive 
basis with an emphasis on technical merit.

SEC. 6. COORDINATION AND NONDUPLICATION.

    To the maximum extent practicable the Secretary of Energy shall 
coordinate activities under this Act with other programs of the 
Department of Energy and other Federal research programs.

SEC. 7. AUTHORIZATION OF APPROPRIATIONS.

    There are authorized to be appropriated to the Secretary of Energy 
to carry out this Act $200,000,000 for each of the fiscal years 2010 
through 2014.

            Passed the House of Representatives September 9, 2009.

            Attest:

                                            LORRAINE C. MILLER,

                                                                 Clerk.

A: Wind Energy Research and Development Act of 2009 - Directs the Secretary of Energy to carry out a research and development program to: (1) improve the energy efficiency, reliability, and capacity of wind turbines; (2) optimize the design and adaptability of wind energy systems to the broadest practical range of atmospheric conditions; and (3) reduce the cost of construction, generation, and maintenance of such systems.





Directs the Secretary to conduct a wind energy demonstration program to measure wind energy system performance under the full productive range of wind conditions in the United States.

Requires awards under such programs to be made on a competitive basis with an emphasis on technical merit.

Requires the Secretary, in carrying out this Act, to: (1) coordinate with the Office of Minority Economic Impact and with the Office of Small and Disadvantaged Business Utilization; and (2) provide special consideration to applications submitted by institutions, businesses, or entities containing majority representation of women, minorities, or persons with disabilities in science and engineering.

Authorizes appropriations.
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Q: SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Municipal Bond Market Support Act of 
2008''.

SEC. 2. MODIFICATION OF SMALL ISSUER EXCEPTION TO TAX-EXEMPT INTEREST 
              EXPENSE ALLOCATION RULES FOR FINANCIAL INSTITUTIONS.

    (a) Increase in Limitation.--Subparagraphs (C)(i), (D)(i), and 
(D)(iii)(II) of section 265(b)(3) of the Internal Revenue Code of 1986 
are each amended by striking ``$10,000,000'' and inserting 
``$30,000,000''.
    (b) Repeal of Aggregation Rules Applicable to Small Issuer 
Determination.--Paragraph (3) of section 265(b) of such Code is amended 
by striking subparagraphs (E) and (F).
    (c) Election To Apply Limitation at Borrower Level.--Paragraph (3) 
of section 265(b) of such Code, as amended by subsection (b), is 
amended by adding at the end the following new subparagraph:
                    ``(E) Election to apply limitation on amount of 
                obligations at borrower level.--
                            ``(i) In general.--An issuer, the proceeds 
                        of the obligations of which are to be used to 
                        make or finance eligible loans, may elect to 
                        apply subparagraphs (C) and (D) by treating 
                        each borrower as the issuer of a separate 
                        issue.
                            ``(ii) Eligible loan.--For purposes of this 
                        subparagraph--
                                    ``(I) In general.--The term 
                                `eligible loan' means one or more loans 
                                to a qualified borrower the proceeds of 
                                which are used by the borrower and the 
                                outstanding balance of which in the 
                                aggregate does not exceed $30,000,000.
                                    ``(II) Qualified borrower.--The 
                                term `qualified borrower' means a 
                                borrower which is an organization 
                                described in section 501(c)(3) and 
                                exempt from taxation under section 
                                501(a) or a State or political 
                                subdivision thereof.
                            ``(iii) Manner of election.--The election 
                        described in clause (i) may be made by an 
                        issuer for any calendar year at any time prior 
                        to its first issuance during such year of 
                        obligations the proceeds of which will be used 
                        to make or finance one or more eligible 
                        loans.''.
    (d) Inflation Adjustment.--Paragraph (3) of section 265(b) of such 
Code, as amended by subsections (b) and (c), is amended by adding at 
the end the following new subparagraph:
                    ``(F) Inflation adjustment.--In the case of any 
                calendar year after 2009, the $30,000,000 amounts 
                contained in subparagraphs (C)(i), (D)(i), 
                (D)(iii)(II), and (E)(ii)(I) shall each be increased by 
                an amount equal to--
                            ``(i) such dollar amount, multiplied by
                            ``(ii) the cost-of-living adjustment 
                        determined under section 1(f)(3) for such 
                        calendar year, determined by substituting 
                        `calendar year 2008' `for calendar year 1992' 
                        in subparagraph (B) thereof.
                Any increase determined under the preceding sentence 
                shall be rounded to the nearest multiple of 
                $100,000.''.
    (e) Effective Date.--The amendments made by this section shall 
apply to obligations issued after December 31, 2008.

SEC. 3. DE MINIMIS SAFE HARBOR EXCEPTION FOR TAX-EXEMPT INTEREST 
              EXPENSE OF FINANCIAL INSTITUTIONS AND BROKERS.

    (a) Financial Institutions.--Subsection (b) of section 265 of the 
Internal Revenue Code of 1986 is amended by adding at the end the 
following new paragraph:
            ``(7) De minimis exception.--Paragraph (1) shall not apply 
        to any financial institution if the portion of the taxpayer's 
        holdings of tax-exempt securities is less than 2 percent of the 
        taxpayer's assets.''.
    (b) Brokers.--Subsection (a) of section 265 of the Internal Revenue 
Code of 1986 is amended by adding at the end the following new 
paragraph:
            ``(7) De minimis exception.--Paragraph (2) shall not apply 
        to any broker (as defined in section 6045(c)(1)) if the portion 
        of the taxpayer's holdings of tax-exempt securities is less 
        than 2 percent of the taxpayer's assets.''.
    (c) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after the date of the enactment of 
this Act.

A: Municipal Bond Market Support Act of 2008 - Amends Internal Revenue Code provisions relating to the small issuer exemption from interest expense allocation rules for financial institutions to: (1) increase from $10 to $30 million the annual limit on small issuers of tax-exempt municipal bonds; (2) allow an inflation adjustment to such increased limit amount after 2009; (3) repeal aggregation rules relating to the determination of small issuer eligibility; (4) allow small issuers an election to treat borrowers separately for purposes of issuance limitations; and (5) allow financial institutions and brokers to hold up to 2% of their assets in tax-exempt securities without affecting their interest expense tax deduction.
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Q: SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Tax Hike Prevention Act of 2012''.

SEC. 2. TEMPORARY EXTENSION OF 2001 TAX RELIEF.

    (a) In General.--Section 901 of the Economic Growth and Tax Relief 
Reconciliation Act of 2001 is amended by striking ``December 31, 2012'' 
both places it appears and inserting ``December 31, 2013''.
    (b) Effective Date.--The amendment made by this section shall take 
effect as if included in the enactment of the Economic Growth and Tax 
Relief Reconciliation Act of 2001.

SEC. 3. TEMPORARY EXTENSION OF 2003 TAX RELIEF.

    (a) In General.--Section 303 of the Jobs and Growth Tax Relief 
Reconciliation Act of 2003 is amended by striking ``December 31, 2012'' 
and inserting ``December 31, 2013''.
    (b) Effective Date.--The amendment made by this section shall take 
effect as if included in the enactment of the Jobs and Growth Tax 
Relief Reconciliation Act of 2003.

SEC. 4. ALTERNATIVE MINIMUM TAX RELIEF.

    (a) Temporary Extension of Increased Alternative Minimum Tax 
Exemption Amount.--
            (1) In general.--Paragraph (1) of section 55(d) of the 
        Internal Revenue Code of 1986 is amended--
                    (A) by striking ``$72,450'' and all that follows 
                through ``2011'' in subparagraph (A) and inserting 
                ``$78,750 in the case of taxable years beginning in 
                2012 and $79,850 in the case of taxable years beginning 
                in 2013'', and
                    (B) by striking ``$47,450'' and all that follows 
                through ``2011'' in subparagraph (B) and inserting 
                ``$50,600 in the case of taxable years beginning in 
                2012 and $51,150 in the case of taxable years beginning 
                in 2013''.
    (b) Temporary Extension of Alternative Minimum Tax Relief for 
Nonrefundable Personal Credits.--
            (1) In general.--Paragraph (2) of section 26(a) of the 
        Internal Revenue Code of 1986 is amended--
                    (A) by striking ``or 2011'' and inserting ``2011, 
                2012, or 2013'', and
                    (B) by striking ``2011'' in the heading thereof and 
                inserting ``2013''.
    (c)  Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2011.

SEC. 5. EXTENSION OF INCREASED EXPENSING LIMITATIONS AND TREATMENT OF 
              CERTAIN REAL PROPERTY AS SECTION 179 PROPERTY.

    (a) In General.--
            (1) Dollar limitation.--Section 179(b)(1) of the Internal 
        Revenue Code of 1986 is amended--
                    (A) by striking ``2010 or 2011,'' in subparagraph 
                (B) and inserting ``2010, 2011, 2012, or 2013, and'',
                    (B) by striking subparagraph (C),
                    (C) by redesignating subparagraph (D) as 
                subparagraph (C), and
                    (D) in subparagraph (C), as so redesignated, by 
                striking ``2012'' and inserting ``2013''.
            (2) Reduction in limitation.--Section 179(b)(2) of such 
        Code is amended--
                    (A) by striking ``2010 or 2011,'' in subparagraph 
                (B) and inserting ``2010, 2011, 2012, or 2013, and'',
                    (B) by striking subparagraph (C),
                    (C) by redesignating subparagraph (D) as 
                subparagraph (C), and
                    (D) in subparagraph (C), as so redesignated, by 
                striking ``2012'' and inserting ``2013''.
            (3) Conforming amendment.--Subsection (b) of section 179 of 
        such Code is amended by striking paragraph (6).
    (b) Computer Software.--Section 179(d)(1)(A)(ii) of the Internal 
Revenue Code of 1986 is amended by striking ``2013'' and inserting 
``2014''.
    (c) Election.--Section 179(c)(2) of the Internal Revenue Code of 
1986 is amended by striking ``2013'' and inserting ``2014''.
    (d) Special Rules for Treatment of Qualified Real Property.--
            (1) In general.--Section 179(f)(1) of the Internal Revenue 
        Code of 1986 is amended by striking ``2010 or 2011'' and 
        inserting ``2010, 2011, 2012, or 2013''.
            (2) Carryover limitation.--
                    (A) In general.--Section 179(f)(4) of such Code is 
                amended by striking ``2011'' each place it appears and 
                inserting ``2013''.
                    (B) Conforming amendment.--The heading for 
                subparagraph (C) of section 179(f)(4) of such Code is 
                amended by striking ``2010'' and inserting ``2010, 2011 
                and 2012''.
    (e) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2011.

SEC. 6. INSTRUCTIONS FOR TAX REFORM.

    (a) In General.--The Senate Committee on Finance shall report 
legislation not later than 12 months after the date of the enactment of 
this Act that consists of changes in laws within its jurisdiction which 
meet the requirements of subsection (b).
    (b) Requirements.--Legislation meets the requirements of this 
subsection if the legislation--
            (1) simplifies the Internal Revenue Code of 1986 by 
        reducing the number of tax preferences and reducing individual 
        tax rates proportionally, with the highest individual tax rate 
        significantly below 35 percent;
            (2) permanently repeals the alternative minimum tax;
            (3) is projected, when compared to the current tax policy 
        baseline, to be revenue neutral or result in revenue losses;
            (4) has a dynamic effect which is projected to stimulate 
        economic growth and lead to increased revenue;
            (5) applies any increased revenue from stimulated economic 
        growth to additional rate reductions and does not permit any 
        such increased revenue to be used for additional Federal 
        spending;
            (6) retains a progressive tax code; and
            (7) provides for revenue-neutral reform of the taxation of 
        corporations and businesses by--
                    (A) providing a top tax rate on corporations of no 
                more than 25 percent; and
                    (B) implementing a competitive territorial tax 
                system.

A:
Tax Hike Prevention Act of 2012 - Extends through 2013: (1) the Economic Growth and Tax Relief Reconciliation Act of 2001, and (2) the reduction in the tax rates for dividend and capital gain income enacted by the Jobs and Growth Tax Relief Reconciliation Act of 2003.

Amends the Internal Revenue Code to extend for an additional two years: (1) the increased exemption amount for the alternative minimum tax (AMT); (2) the offset against the AMT for certain nonrefundable personal tax credits; and (3) the increased expensing allowance for depreciable business assets, including computer software.

Directs the Senate Committee on Finance to report tax reform legislation not later than 12 months after the enactment of this Act.
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