In this task, you are given text for US Congressional and California state bills, your task is to generate a summary for this bill.
One example: SECTION 1. LIABILITY OF BUSINESS ENTITIES PROVIDING USE OF FACILITIES
TO NONPROFIT ORGANIZATIONS.

(a) Definitions.--In this section:
(1) Business entity.--The term ''business entity'' means a
firm, corporation, association, partnership, consortium, joint
venture, or other form of enterprise.
(2) Facility.--The term ''facility'' means any real
property, including any building, improvement, or appurtenance.
(3) Gross negligence.--The term ''gross negligence'' means
voluntary and conscious conduct by a person with knowledge (at
the time of the conduct) that the conduct is likely to be
harmful to the health or well-being of another person.
(4) Intentional misconduct.--The term ''intentional
misconduct'' means conduct by a person with knowledge (at the
time of the conduct) that the conduct is harmful to the health
or well-being of another person.
(5) Nonprofit organization.--The term ''nonprofit
organization'' means--
(A) any organization described in section 501(c)(3)
of the Internal Revenue Code of 1986 and exempt from
tax under section 501(a) of such Code; or
(B) any not-for-profit organization organized and
conducted for public benefit and operated primarily for
charitable, civic, educational, religious, welfare, or
health purposes.
(6) State.--The term ''State'' means each of the several
States, the District of Columbia, the Commonwealth of Puerto
Rico, the Virgin Islands, Guam, American Samoa, the Northern
Mariana Islands, any other territory or possession of the
United States, or any political subdivision of any such State,
territory, or possession.
(b) Limitation on Liability.--
(1) In general.--Subject to subsection (c), a business
entity shall not be subject to civil liability relating to any
injury or death occurring at a facility of the business entity
in connection with a use of such facility by a nonprofit
organization if--
(A) the use occurs outside of the scope of business
of the business entity;
(B) such injury or death occurs during a period
that such facility is used by the nonprofit
organization; and
(C) the business entity authorized the use of such
facility by the nonprofit organization.
(2) Application.--This subsection shall apply--
(A) with respect to civil liability under Federal
and State law; and
(B) regardless of whether a nonprofit organization
pays for the use of a facility.
(c) Exception for Liability.--Subsection (b) shall not apply to an
injury or death that results from an act or omission of a business
entity that constitutes gross negligence or intentional misconduct,
including any misconduct that--
(1) constitutes a crime of violence (as that term is
defined in section 16 of title 18, United States Code) or act
of international terrorism (as that term is defined in section
2331 of title 18) for which the defendant has been convicted in
any court;
(2) constitutes a hate crime (as that term is used in the
Hate Crime Statistics Act (28 U.S.C. 534 note));
(3) involves a sexual offense, as defined by applicable
State law, for which the defendant has been convicted in any
court; or
(4) involves misconduct for which the defendant has been
found to have violated a Federal or State civil rights law.
(d) Superseding Provision.--
(1) In general.--Subject to paragraph (2) and subsection
(e), this Act preempts the laws of any State to the extent that
such laws are inconsistent with this Act, except that this Act
shall not preempt any State law that provides additional
protection from liability for a business entity for an injury
or death with respect to which conditions under subparagraphs
(A) through (C) of subsection (b)(1) apply.
(2) Limitation.--Nothing in this Act shall be construed to
supersede any Federal or State health or safety law.
(e) Election of State Regarding Nonapplicability.--This Act shall
not apply to any civil action in a State court against a business
entity in which all parties are citizens of the State if such State
enacts a statute--
(1) citing the authority of this subsection;
(2) declaring the election of such State that this Act
shall not apply to such civil action in the State; and
(3) containing no other provision.
Solution is here: Shields a business entity from civil liability relating to any injury or death occurring at a facility of that entity in connection with a use of such facility by a nonprofit organization if: (1) the use occurs outside the scope of business of the business entity; (2) such injury or death occurs during a period that such facility is used by such organization; and (3) the business entity authorized the use of such facility by the organization.
Makes this Act inapplicable to an injury or death that results from an act or omission of a business entity that constitutes gross negligence or intentional misconduct, including misconduct that: (1) constitutes a hate crime or a crime of violence or act of international terrorism for which the defendant has been convicted in any court; or (2) involves a sexual offense for which the defendant has been convicted in any court or misconduct for which the defendant has been found to have violated a Federal or State civil rights law.
Preempts State laws to the extent that such laws are inconsistent with this Act, except State law that provides additional protection from liability. Specifies that this Act shall not be construed to supersede any Federal or State health or safety law.
Makes this Act inapplicable to any civil action in a State court against a business entity in which all parties are citizens of the State if such State, citing this Act's authority and containing no other provision, enacts a statute declaring the State's election that this Act shall not apply to such action in the State.
Explanation: This Bill focuses on shielding business entities from civil liability relating to an injury or death depending on the conditions of injury, hence the generated summary is correct.

Now, solve this: SECTION 1. SHORT TITLE.

This Act may be cited as the ''Qualifying Renewable Chemical
Production or Investment Tax Credit Act of 2015''.

SEC. 2. CREDITS FOR PRODUCTION OF RENEWABLE CHEMICALS AND INVESTMENTS
IN RENEWABLE CHEMICAL PRODUCTION FACILITIES.

(a) Production of Renewable Chemicals.--
(1) In general.--Subpart D of part IV of subchapter A of
chapter 1 of the Internal Revenue Code of 1986 is amended by
adding at the end the following new section:

''SEC. 45S. CREDIT FOR PRODUCTION OF RENEWABLE CHEMICALS.

''(a) In General.--For purposes of section 38, the production
credit for renewable chemicals for any taxable year is an amount
(determined separately for each renewable chemical produced by the
taxpayer) equal to $0.15 per pound of biobased content of renewable
chemical produced by the taxpayer during the taxable year.
''(b) Limitation.--The amount of the credit determined under
subsection (a) with respect to a renewable chemical produced by the
taxpayer during any taxable year shall not exceed the credit amount
allocated for purposes of this section by the Secretary to the taxpayer
with respect to such chemical for such taxable year under section
48E(e).
''(c) Biobased Content.--For purposes of this section, the term
'biobased content' means, with respect to any renewable chemical, the
biobased content of the total mass of organic carbon in such chemical
(expressed as a percentage), determined by testing representative
samples using the American Society for Testing and Materials (ASTM)
D6866.
''(d) Renewable Chemical.--For purposes of this section--
''(1) In general.--The term 'renewable chemical' means any
chemical which--
''(A) is produced by the taxpayer in the United
States (or in a territory or possession of the United
States) from renewable biomass. For purposes of this
section, the term 'renewable biomass' has the meaning
given such term in section 9001(13) of the Farm
Security and Rural Investment Act of 2002 (7 U.S.C.
8101(13));
''(B) is sold, or used, by the taxpayer--
''(i) for the production of chemical
products, polymers, plastics, or formulated
products, or
''(ii) as chemicals, polymers, plastics, or
formulated products;
''(C) the biobased content percentage of which is
95 percent or higher;
''(D) is the product of, or reliant upon,
biological conversion, thermal conversion, or a
combination of biological and thermal conversion, of
renewable biomass;
''(E) is not sold or used for the production of any
food, feed, or fuel;
''(F) is not a combination of renewable chemicals
on the list under subparagraph (G) (or added to the
list under paragraph (2)) for which a credit has been
taken under this section or section 48E; and
''(G) is included on the following list of
renewable chemicals eligible for credit: acetic acid;
acrylic acid; acyl glutamate; adipic acid; algae oils;
algae sugars; aromatics; 1,4-butanediol (BDO); iso-
butanol; n-butanol; carboxylic acids; cellulosic sugar;
diethyl methylene malonate; ethyl acetate; farnesene;
gamma-butyrolactone; hexamethylenediamine (HMD); 3-
hydroxy propionic acid; glucaric acid; C10
hydrocarbons; isoprene; itaconic acid; ketals;
levulinic acid; olefins; polyhydroxyalkonate (PHA);
polylactic acid (PLA); polyitaconic acid; polyols from
vegetable oils; poly(xylitan levulinate ketal); 1,3-
propanediol; 1,2-propanediol; succinic acid; terpenes;
thiols; p-xylene.
''(2) Additional renewable chemicals.--The Secretary may
add chemicals to the list of renewable chemicals established in
paragraph (1)(G). Not later than 180 days after the enactment
of this section, the Secretary, in consultation with the
Secretary of Agriculture, shall establish a program to consider
applications from taxpayers to add renewable chemicals to the
list. Any chemical added to the list must meet the requirements
set forth in subparagraphs (A) through (F) of paragraph (1).
''(e) Coordination With Investment Credit for Renewable Chemical
Production Facilities.--See section 48E(f) for rules coordinating
section 48E with this section.
''(f) Termination.--Notwithstanding any other provision of this
section, the Secretary may not allocate any credit amount under this
section to any taxable year which begins more than 5 years after the
date of the enactment of this section.''.
(2) Credit to be part of general business credit.--
Subsection (b) of section 38 of such Code is amended by
striking ''plus'' at the end of paragraph (35), by striking the
period at the end of paragraph (36) and inserting '', plus'',
and by adding at the end the following new paragraph:
''(37) the renewable chemicals production credit determined
under section 45S(a).''.
(b) Investment Credit in Lieu of Production Credit.--
(1) In general.--Section 46 of such Code is amended by
striking ''and'' at the end of paragraph (5), by striking the
period at the end of paragraph (6) and inserting '', and'', and
by adding at the end the following new paragraph:
''(6) the renewable chemical production facilities
credit.''.
(2) Renewable chemical production facilities credit.--
Subpart E of part IV of subchapter A of chapter 1 of such Code
is amended by inserting after section 48D the following:

''SEC. 48E. INVESTMENT CREDIT FOR RENEWABLE CHEMICAL PRODUCTION
FACILITIES.

''(a) In General.--For purposes of section 46, the renewable
chemical production facilities credit for any taxable year is an amount
equal to 30 percent of the basis of any eligible property which is a
part of a renewable chemical production facility placed in service by
the taxpayer during such taxable year.
''(b) Limitation.--The amount of the credit determined under
subsection (a) with respect to a renewable chemical production facility
of the taxpayer during any taxable year shall not exceed the credit
amount allocated for purposes of this section by the Secretary to the
taxpayer for such taxable year under subsection (e).
''(c) Renewable Chemical Production Facility.--For purposes of this
section--
''(1) In general.--The term 'renewable chemical production
facility' means a facility used to produce renewable
chemicals--
''(A) which is owned by the taxpayer,
''(B) which is originally placed after the date of
the enactment of this section and before the first day
of the taxable year which begins 6 years after the date
of the enactment of this section, and
''(C) with respect to which--
''(i) no credit has been allowed under
section 45S, and
''(ii) the taxpayer makes an irrevocable
election to have this section apply to such
facility.
''(2) Eligible property.--The term 'eligible property'
means any property--
''(A) which is--
''(i) tangible personal property, or
''(ii) other tangible property (not
including a building or its structural
components),
but only if such property is used as an integral part
of the renewable chemical production facility, and
''(B) with respect to which depreciation (or
amortization in lieu of depreciation) is allowable.
''(3) Renewable chemical.--The term 'renewable chemical'
has the meaning given such term by section 45S(d).
''(d) Special Rules.--
''(1) Denial of production credit.--No credit shall be
allowed under section 45S for any taxable year with respect to
any renewable chemical production facility.
''(2) Certain qualified progress expenditures rules made
applicable.--Rules similar to the rules of subsections (c)(4)
and (d) of section 46 (as in effect on the day before the
enactment of the Revenue Reconciliation Act of 1990 shall apply
for purposes of this section.
''(e) National Limitation on Credits for Renewable Chemicals.--
''(1) In general.--Not later than 180 days after the date
of the enactment of this section, the Secretary, in
consultation with the Secretary of Agriculture, shall establish
a program to allocate credit amounts under this section and
section 45S to applicants for taxable years.
''(2) Limitations.--
''(A) Aggregate limitation.--The total amount of
credits that may be allocated under such program shall
not exceed $500,000,000.
''(B) Taxpayer limitation.--The amount of credits
that may be allocated to any taxpayer for any taxable
year under such program shall not exceed $25,000,000.
For purposes of the preceding sentence, all persons
treated as a single employer under subsection (a) or
(b) of section 52, or subsection (m) or (o) of section
414, shall be treated as one person.
''(3) Selection criteria.--In determining which taxpayers
to make allocations of credit amount under such program, the
Secretary shall take into consideration--
''(A) the number of jobs created and maintained
(directly and indirectly) in the United States
(including territories and possessions of the United
States) as result of such allocation during the credit
period and thereafter,
''(B) the degree to which the production of the
renewable chemical demonstrates reduced dependence on
imported feedstocks, petroleum, non-renewable
resources, or other fossil fuels,
''(C) the technological innovation involved in the
production method of the renewable chemical,
''(D) the energy efficiency and reduction in
lifecycle greenhouse gases of the renewable chemical or
of the production method of the renewable chemical, and
''(E) whether there is a reasonable expectation of
commercial viability.
''(4) Redistribution.--If a credit amount allocated to a
taxpayer for a taxable year with respect to any renewable
chemical or renewable chemical production facility (determined
without regard to this paragraph) exceeds the amount of the
credit with respect to such chemical determined under this
section on the taxpayer's return for such taxable year--
''(A) the credit amount allocated to such taxpayer
for such taxable year with respect to such renewable
chemical shall be treated as being the amount so
determined on the taxpayer's return, and
''(B) such excess may, subject to subsection (e),
be reallocated by the Secretary consistent with the
requirements of paragraphs (2)(B) and (3).
''(5) Disclosure of allocations.--The Secretary shall, upon
making an allocation of credit amount under this section,
publicly disclose the identity of the applicant and the amount
of the credit with respect to such applicant.
''(f) Coordination With Production Credit for Renewable
Chemicals.--
''(1) In general.--If a taxpayer makes an election under
paragraph (2) with respect to a renewable chemical production
facility, a credit shall not be allowed under section 45S for
any renewable chemical produced by such facility.
''(2) Election.--If no credit has been allowed under
section 45S with respect to a renewable chemical produced by a
renewable chemical production facility, a taxpayer may make an
irrevocable election to have this section apply with respect to
such facility in lieu of section 45S with respect to such
renewable chemical.
''(g) Regulations.--The Secretary shall issue such regulations or
other guidance as may be necessary to carry out this section and
section 45S.
''(h) Termination.--The Secretary may not allocate any credit
amount under this section to any taxable year which begins more than 5
years after the date of the enactment of this section.''.
(c) Credits Allowable Against Alternative Minimum Tax.--
Subparagraph (B) of section 38(c)(4) of such Code is amended by
redesignating clauses (vii) through (ix) as clauses (ix) through (xi),
respectively, and by inserting after clause (vi) the following new
clauses:
''(vii) the credit determined under section
45S,
''(viii) the credit determined under
section 46 to the extent that such credit is
attributable to the renewable chemical
production facilities credit under section
48E,''.
(d) Clerical Amendments.--
(1) The table of sections for subpart D of part IV of
subchapter A of chapter 1 of such Code is amended by adding at
the end the following new item:

''Sec. 45S. Credit for production of renewable chemicals.''.
(2) The table of sections for subpart E of part IV of
subchapter A of chapter 1 of such Code is amended by adding at
the end the following new item:

''Sec. 48E. Investment credit for renewable chemical production
facilities.''.
(e) Effective Dates.--
(1) Production credit.--The amendments made by subsection
(a) shall apply to renewable chemicals produced after the date
of the enactment of this Act, in taxable years ending after
such date.
(2) Investment credit.--The amendments made by subsection
(b) shall apply to renewable chemical production facilities
placed in service after the date of the enactment of this Act,
in taxable years ending after such date.
Solution:
Qualifying Renewable Chemical Production or Investment Tax Credit Act of 2015 This bill amends the Internal Revenue Code to allow a business-related tax credit for the production of renewable chemicals. The bill defines "renewable chemical" as any chemical that: (1) is produced in the United States from renewable biomass; (2) is sold or used for the production of chemical products, polymers, plastics, or formulated products or as chemicals, polymers, plastics, or formulated products; (3) has a biobased content of 95% or higher; (4) is the product of, or reliant upon, biological or thermal conversion of renewable biomass; (5) is not sold or used for the production of any food, feed, or fuel; and (6) is not a combination of certain specified renewable chemicals. The bill also allows a tax credit for investment in renewable chemical production facilities. The bill requires the Department of the Treasury to establish a program to allocate renewable chemical tax credit amounts to eligible taxpayers and imposes an aggregate limit on the amount of credits that may be allocated to not more than $500 million during the 5-year period after enactment of this Act.