12 2 STA T .38 1 4PUBLIC LA W 11 0– 343 —O CT. 3 , 2008 (c)QUALIF I EDSM ALL W I N D E NE RGYP R OP ER T Y .— S e c tion48 (c) ,as a m en d ed by section 103 , is amended by addin g att h e end the f o l lo w ing new p a r agraph
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‘(4) QUALIFIED S MALL W IND ENERGY PROPERTY.— ‘‘( A ) I N GENERAL.— T he term ‘ qu alified small wind energy property ’ means property which uses a qualifying small wind turbine to generate electricity. ‘‘( B ) L IMITATION.—In the case of qualified small wind energy property placed in ser v ice during the ta x able year, the credit otherwise determined under subsection (a)(1) for such year with respect to all such property of the taxpayer shall not exceed $ 4,000. ‘‘( C ) QUALIFYING SMALL WIND TUR B INE.—The term ‘qualifying small wind turbine’ means a wind turbine which has a nameplate capacity of not more than 100 k ilowatts. ‘‘( D ) TERMINATION.—The term ‘qualified small wind energy property’ shall not include any property for any period after December 31, 2 01 6 .’’. (d) CONFORMING AMENDMENT.—Section 48(a)(1), as amended by section 103, is amended by striking ‘‘paragraphs (1)(B), (2)(B), and (3)(B)’’ and inserting ‘‘paragraphs (1)(B), (2)(B), (3)(B), and (4)(B)’’. (e) EFFE C TI V E DATE.—The amendments made by this section shall apply to periods after the date of the enactment of this Act, in taxable years ending after such date, under rules similar to the rules of section 48(m) of the Internal R evenue Code of 1 9 86 (as in effect on the day before the date of the enactment of the Revenue Reconciliation Act of 1990). SEC.105 .E N E RGY CRE DITFO R GEOT H ER MAL HEAT PU MP SYSTEMS. (a) IN G ENERAL.—Subparagraph (A) of section 48(a)(3), as amended by this Act, is amended by striking ‘‘or’’ at the end of clause (v), by inserting ‘‘or’’ at the end of clause (vi), and by adding at the end the following new clause: ‘‘(vii) equipment which uses the ground or ground water as a thermal energy source to heat a structure or as a thermal energy sink to cool a structure, but only with respect to periods ending before J anuary 1, 201 7 ,’’. (b) EFFECTIVE DATE.—The amendments made by this section shall apply to periods after the date of the enactment of this Act, in taxable years ending after such date, under rules similar to the rules of section 48(m) of the Internal Revenue Code of 1986 (as in effect on the day before the date of the enactment of the Revenue Reconciliation Act of 1990). SEC. 10 6 . CREDIT FOR RESIDENTIAL ENERGY EFFICIENT PROPERTY. (a) E X TENSION.—Section 2 5 D(g) is amended by striking ‘‘December 31, 2008’’ and inserting ‘‘December 31, 2016’’. (b) REMOVAL OF LIMITATION FOR SOLAR ELECTRIC PROPERTY.— (1) IN GENERAL.—Section 25D(b)(1), as amended by sub - sections (c) and (d), is amended— (A) by striking subparagraph (A), and (B) by redesignating subparagraphs (B) through (E) as subparagraphs (A) through and (D), respectively. (2) CONFORMING AMENDMENT.—Section 25D(e)(4)(A), as amended by subsections (c) and (d), is amended— (A) by striking clause (i), and 26USC48note. 26 USC 48 note.
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