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Full Text of this Amendment

SA 4502. Mr. FEINGOLD (for himself and Mr. Kohl) submitted an amendment intended to be proposed to amendment SA 4467 submitted by Mr. Ensign and intended to be proposed to the bill H.R. 3221, moving the United States toward greater energy independence and security, developing innovative new technologies, reducing carbon emissions, creating green jobs, protecting consumers, increasing clean renewable energy production, and modernizing our energy infrastructure, and to amend the
Internal Revenue Code of 1986 to provide tax incentives for the production of renewable energy and energy conservation; which was ordered to lie on the table; as follows:

On page 15, strike lines 5 through 8, and insert the following:
(1) IN GENERAL.--Section 451(i)(3) (defining qualifying electric transmission transaction) is amended by striking ``before January 1, 2008'' and inserting ``by a taxpayer which is an electric utility (as defined in section 3(22) of the Federal Power Act (16 U.S.C. 796(22)) before January 1, 2010''.

(As printed in the Congressional Record for the Senate on Apr 8, 2008.)