H.R. 4468 (112th): To extend the authority to make grants for specified energy property in lieu of tax credits.

112th Congress, 2011–2013. Text as of Apr 19, 2012 (Introduced).

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HR 4468 IH

112th CONGRESS

2d Session

H. R. 4468

To extend the authority to make grants for specified energy property in lieu of tax credits.

IN THE HOUSE OF REPRESENTATIVES

April 19, 2012

Mr. THOMPSON of Mississippi introduced the following bill; which was referred to the Committee on Ways and Means, and in addition to the Committee on Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned

A BILL

To extend the authority to make grants for specified energy property in lieu of tax credits.

    Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. EXTENSION OF GRANTS FOR SPECIFIED ENERGY PROPERTY IN LIEU OF TAX CREDITS.

    (a) In General- Subsection (a) of section 1603 of division B of the American Recovery and Reinvestment Act of 2009, as amended by section 707 of the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010, is amended--

      (1) by striking ‘or 2011’ in paragraph (1) and inserting ‘2011, or 2012’, and

      (2) in paragraph (2)--

        (A) by striking ‘after 2011’ and inserting ‘after 2012’, and

        (B) by striking ‘or 2011’ and inserting ‘2011, or 2012’.

    (b) Conforming Amendment- Subsection (j) of section 1603 of division B of such Act, as so amended, is amended by striking ‘2012’ and inserting ‘2013’.

    (c) Effective Date- The amendments made by this section shall apply to property placed in service after December 31, 2011.