CREDIT FOR ELECTRICITY PRODUCED FROM CERTAIN RENEWABLE RESOURCES.

SEC. 127. CREDIT FOR ELECTRICITY PRODUCED FROM CERTAIN RENEWABLE RESOURCES. (a) In General.—The following provisions of section 45(d) are each amended by striking “January 1, 2018” each place it appears and inserting “January 1, 2021”: (1) Paragraph (2)(A). (2) Paragraph (3)(A). (3) Paragraph (4)(B). (4) Paragraph (6). (5) Paragraph (7). (6) Paragraph (9). (7) Paragraph (11)(B). (b) [26 U.S.C. 48] Extension of Election to Treat Qualified Facilities as Energy Property.—Section 48(a)(5)(C)(ii)is amended by striking “January 1, 2018 (January 1, 2020, in the case of any facility which is described in paragraph (1) of section 45(d))” and inserting “January 1, 2021”. (c) Application of Extension to Wind Facilities.— (1) In general.—Section 45(d)(1) is amended by striking “January 1, 2020” and inserting “January 1, 2021”. (2) Application of phaseout percentage.— (A) In general.—Section 45(b)(5) is amended by striking “and” at the end of subparagraph (B), by striking the period at the end of subparagraph (C) and inserting “, and”, and by adding at the end the following new subparagraph: “(D) in the case of any facility the construction of which begins after December 31, 2019, and before January 1, 2021, 40 percent.” . (B) Treatment as energy property.—Section 48(a)(5)(E) is amended by striking “and” at the end of clause (ii), by striking the period at the end of clause (iii) and inserting “, and”, and by adding at the end the following new clause: “(iv) in the case of any facility the construction of which begins after December 31, 2019, and before January 1, 2021, 40 percent.” . (d) [26 U.S.C. 45 note] Effective Date.—The amendments made by this section shall take effect on January 1, 2018.