113 HR 3017 IH: Renewable Energy Construction and Investment Parity Act of 2013
U.S. House of Representatives
2013-08-02
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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
Renewable Energy Construction and
Investment Parity Act of 2013
.
2.Extension of
energy credit for certain property under construction
(a)Paragraphs
(2)(A)(i)(II) and (3)(A)(ii) of section 48(a) of the Internal Revenue Code of
1986 are each amended by striking periods ending
and inserting
property the construction of which begins
.
(b)Qualified fuel
cell propertySection 48(c)(1)(D) of such Code is amended by
striking for any period after December 31, 2016
and inserting
the construction of which does not begin before January 1,
2017
.
(c)Qualified
microturbine propertySection
48(c)(2)(D) of such Code is amended by striking for any period after
December 31, 2016
and inserting the construction of which does
not begin before January 1, 2017
.
(d)Combined heat
and power system propertySection 48(c)(3)(A)(iv) of such Code is
amended by striking which is placed in service
and inserting
construction of which begins
.
(e)Qualified small
wind energy propertySection 48(c)(4)(C) of such Code is amended
by striking for any period after December 31, 2016
and inserting
the construction of which does not begin before January 1,
2017
.
(f)Section 48(a)(3)(A)(vii) of such Code is amended by
striking periods ending
and inserting property the
construction of which begins
.
(g)The amendments made by this section shall take effect on the
date of the enactment of this Act.
3.Treatment of
proceeds of sales of helium from Federal helium reserve
(a)Notwithstanding any
other provision of law, from amounts received by the United States in a fiscal
year as proceeds of sales of crude helium under the Helium Act (50 U.S.C. 167a
et seq.), there shall be deposited in the general fund of the Treasury an
amount equal to the amount of revenue that would have been received by the
United States in that fiscal year but for the enactment of section 2 of this
Act.
(b)Amounts deposited under subsection (a) shall be
applied—
(1)except as provided
in paragraph (2), to reduce the annual Federal budget deficit of the Government
of the United States; or
(2)for amounts
deposited in a fiscal year for which there is not such an annual deficit, to
reduce the Federal debt of the Government of the United States.