Section 1 Short title
This Act may be cited as the “Renewable Energy Parity Act of 2013”.
Renewable Energy Parity Act of 2013
A BILL
To amend the Internal Revenue Code of 1986 to extend the energy credit for certain property under construction.
Sec. 2 Extension of energy credit for certain property under construction
Solar energy property— 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”.
Qualified fuel cell property— Section 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”.
Qualified microturbine property— Section 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”.
Combined heat and power system property— Section 48(c)(3)(A)(iv) of such Code is amended by striking “which is placed in service” and inserting “construction of which begins”.
Qualified small wind energy property— Section 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”.
Thermal energy property— Section 48(a)(3)(A)(vii) of such Code is amended by striking “periods ending” and inserting “property the construction of which begins”.
Effective date— The amendments made by this section shall take effect on the date of the enactment of this Act.