HR 269 IH

To amend the Internal Revenue Code of 1986 to promote the development of domestic wind energy resources, and for other purposes.

January 30, 2001

Mr. FILNER introduced the following bill; which was referred to the Committee on Energy and Commerce, and in addition to the Committee on Ways and Means, 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

To amend the Internal Revenue Code of 1986 to promote the development of domestic wind energy resources, and for other purposes.

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

SECTION 1. SHORT TITLE.

This Act may be cited as the `Winning in New Development for Electricity Act' or `WIND for Electricity Act'.

SEC. 2. PERMANENT EXTENSION OF CREDIT FOR ELECTRICITY PRODUCED FROM WIND FACILITIES; CLARIFICATION OF CONGRESSIONAL INTENT.

(a) PERMANENT EXTENSION- Subparagraph (A) of section 45(c)(3) of the Internal Revenue Code of 1986 (defining qualified facility) is amended by striking `1993, and before January 1, 2002' and inserting `1993'.

(b) CLARIFICATION OF REDUCTION OF CREDIT FOR OTHER CREDITS- Clause (iv) of section 45(b)(3)(A) of such Code (relating to reduction of the credit) is amended by inserting `under this title' after `credit allowable'.

(c) EFFECTIVE DATE- The amendment made by subsection (b) shall apply to taxable years beginning after the date of the enactment of this Act.

SEC. 3. TEN-YEAR EXTENSION OF THE RENEWABLE ENERGY PRODUCTION INCENTIVE FOR WIND-POWERED GENERATION FACILITIES.

Subsection (f) of section 1212 of the Energy Policy Act of 1992 is amended to read as follows:

`(f) SUNSET- No payment may be made under this section to any facility that generates electric energy from wind after fiscal year 2023, and no payment may be made under this section to any facility after a payment has been made with respect to such facility for a 10-fiscal year period.'.

SEC. 4. NONDISCRIMINATORY TRANSMISSION SERVICE FOR WIND GENERATION FACILITIES.

Section 212 of the Federal Power Act (16 U.S.C. 824k), relating to transmission service, is amended by inserting after subsection (k) the following new subsection:

`(l) The Commission shall issue such orders as may be necessary to insure that transmission services--

`(1) provide equitable allocation of congested capacity among competing users including options such as long-term, non-firm transmission agreements, and

`(2) achieve nondiscriminatory interconnection of wind generation facilities.'.

SEC. 5. EFFECTIVE DATE.

Except as provided by section 2(c), the amendments made by this Act shall take effect on the date of the enactment of this Act.

END