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).

Status & Summary | PDF | Source: GPO

I

112th CONGRESS

2d Session

H. R. 4468

IN THE HOUSE OF REPRESENTATIVES

April 19, 2012

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.

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.