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

SECTION 1. FINDINGS.

Congress finds the following:
(1) There are new and emerging opportunities for producing
renewable energy fuel products, which will be of benefit to the
United States and its citizens.
(2) Disposal of animal and agricultural wastes can be a
major problem and new technologies should be promoted to
utilize these wastes.
(3) New technologies can be developed and implemented that
will utilize animal and agricultural wastes to produce
significant quantities of marketable alternative fuels.
(4) Investment in renewable energy will--
(A) enhance the energy security and independence of
the United States,
(B) provide significant environmental benefits and
reduce wastes,
(C) improve electrical reliability and security,
and
(D) promote sustainable development opportunities.
(5) Alternative fuels should be a major part of the
strategy to increase domestic production of motor fuels.
(6) The Federal Government should take all measures to
provide incentives to assure the implementation of technologies
to produce alternative fuels.

SEC. 2. MODIFICATION OF CREDIT FOR PRODUCTION OF ELECTRICITY FROM
RENEWABLE RESOURCES.

(a) Credit Allowed for Producers of Certain Energy.--Section
45(a)(2) of the Internal Revenue Code of 1986 (relating to electricity
produced from certain renewable resources) is amended to read as
follows:
''(2) the--
''(A) kilowatt hours of electricity--
''(i) produced by the taxpayer--
''(I) from qualified energy
resources (other than qualified waste),
and
''(II) at a qualified facility
during the 10-year period beginning on
the date the facility was originally
placed in service, and
''(ii) sold by the taxpayer to an unrelated
person during the taxable year, or
''(B) amount of kilowatt hours of electricity
equivalent which is equal to the Btu of any fuel or
feedstock--
''(i) produced by the taxpayer--
''(I) from qualified waste or
poultry waste, and
''(II) at a qualified facility
during the 10-year period beginning on
the date the facility was originally
placed in service, and
''(ii) sold by the taxpayer to an unrelated
person during the taxable year.''.
(b) Qualified Energy Resources.--
(1) In general.--Section 45(c)(1) of the Internal Revenue
Code of 1986 (defining qualified energy resources) is amended
by striking ''and'' at the end of subparagraph (B), by striking
the period at the end of subparagraph (C) and inserting '',
and'', and by adding at the end the following:
''(D) qualified waste.''.
(2) Qualified waste.--Section 45(c) of such Code (relating
to definitions) is amended by adding at the end the following:
''(5) Qualified waste.--The term 'qualified waste' means
agriculture and animal waste (other than poultry waste),
including by-products, packaging, and any materials associated
with the processing, raising, feeding, selling, transporting,
or disposal of agricultural or animal products.''.
(c) Qualified Facility.--Section 45(c)(3) of the Internal Revenue
Code of 1986 (defining qualified facility) is amended by adding at the
end the following:
''(D) Qualified waste facility.--In the case of a
facility using qualified waste or poultry waste to
produce alternative fuel feedstock, the term 'qualified
facility' means any facility of the taxpayer which is
originally placed in service by the taxpayer after
December 31, 2001, and before January 1, 2007.''.
(d) Government-Owned Facilities.--Section 45(d)(6) of the Internal
Revenue Code of 1986 (relating to credit eligibility in the case of
government-owned facilities using poultry waste) is amended by
inserting ''or using poultry waste or qualified waste to produce
alternative fuel feedstock'' after ''electricity''.
(e) Limit on Carryback of Credit.--Section 39(d)(3) of the Internal
Revenue Code of 1986 (relating to no carryback of renewable electricity
production credit before effective date) is amended by inserting ''and
before January 1, 2002, to the extent such credit is attributable to
energy (other than electricity) produced from qualified waste or
poultry waste'' after ''energy resource''.
(f) Conforming Amendments.--
(1) Section 38(b)(8) of the Internal Revenue Code of 1986
is amended by inserting ''and other energy'' after
''electricity''.
(2) The heading for section 45 of such Code is amended by
inserting ''and other energy produced from waste products''
after ''resources''.
(3) The item relating to section 45 in the table of
sections for subpart D of part IV of subchapter A of chapter 1
of such Code is amended by inserting ''and other energy
produced from waste products'' after ''resources''.
(4) The heading of section 45(d)(6) of such Code is amended
by inserting ''or qualified waste'' after ''poultry waste''.
(g) Effective Date.--The amendments made by this section shall
apply to energy produced after the date of the enactment of this Act.
Amends the Internal Revenue Code to modify the credit for production of electricity from renewable resources to include production of energy from agricultural and animal waste, including by-products and associated materials. Limits such credit to facilities placed in service after 2001 and before 2007.