H. R. 5521
IN THE HOUSE OF REPRESENTATIVES
June 14, 2010
Mr. Castle (for himself, Mrs. Dahlkemper, and Mr. Ehlers) introduced the following bill; which was referred to the Committee on Ways and Means
To extend credits related to the production of electricity from offshore wind, and for other purposes.
Extension of credits related to the production of electricity from offshore wind
Extension for production credit
Paragraph (1) of section 45(d) of the Internal Revenue
Code of 1986 is amended by inserting
(January 1, 2020, in the case of
any offshore facility) after
and before January 1,
Section 45(e) of such Code is amended by adding at the end the following new paragraph:
The term offshore facility means any facility located in the inland navigable waters of the United States, including the Great Lakes, or in the coastal waters of the United States, including the territorial seas of the United States, the exclusive economic zone of United States, and the outer Continental Shelf of the United States.
Extension for investment credit
Clause (i) of section 48(a)(5)(C) of the Internal Revenue Code of 1986 is amended—
is placed in service in and
except as provided in subclause (II), placed in service in
by striking the
period at the end and inserting
, and, and
by adding at the end the following new subclause:
in the case of an offshore facility (as defined in section 45(e)(12)), such facility is placed in service after 2008 and before 2020.
The amendments made by this section shall apply to property placed in service after the date of the enactment of this Act.