ENERGY CREDIT FOR SMALL WIND PROPERTY.

SEC. 104. ENERGY CREDIT FOR SMALL WIND PROPERTY.(a) In General.—Section 48(a)(3)(A), as amended by section 103, is amended by striking “or” at the end of clause (iv), by adding “or” at the end of clause (v), and by inserting after clause (v) the following new clause:“(vi) qualified small wind energy property,”.(b) 30 Percent Credit.—Section 48(a)(2)(A)(i) is amended by striking “and” at the end of subclause (II) and by inserting after subclause (III) the following new subclause:“(IV) qualified small wind energy property, and”.122 STAT. 3814(c) Qualified Small Wind Energy Property.—Section 48(c), as amended by section 103, is amended by adding at the end the following new paragraph:“(4) Qualified small wind energy property.—“(A) In general.—The term ‘qualified small wind energy property’ means property which uses a qualifying small wind turbine to generate electricity.“(B) Limitation.—In the case of qualified small wind energy property placed in service during the taxable 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 turbine.—The term ‘qualifying small wind turbine’ means a wind turbine which has a nameplate capacity of not more than 100 kilowatts.“(D) Termination.—The term ‘qualified small wind energy property’ shall not include any property for any period after December 31, 2016.”.(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) 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).