110 HR 6672 IH: Rural Energy Equity Act of
U.S. House of Representatives
2008-07-30
text/xml
EN
Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
1.This Act may be cited as the
Rural Energy Equity Act of
2008
.
2.Exception to reduction
of renewable electricity credit
(a)Section 45(b)(3) of the Internal Revenue Code of 1986
(relating to credit reduced for grants, tax-exempt bonds, subsidized energy
financing, and other credits) is amended by adding after the last sentence the
following: This paragraph shall not apply with respect to any loan
guarantees or grants issued by the Secretary of Agriculture under authority
granted by section 9007 of the Farm Security and Rural Investment Act of
2002.
.
(b)The amendment made by this section shall apply to facilities
placed in service after the date of the enactment of this Act.