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136 STAT. 1920 PUBLIC LAW 117–169—AUG. 16, 2022 percentage of such recapture shall be determined under rules similar to the rules of section 50(a). ‘‘(11) APPRENTICESHIP REQUIREMENTS.—Rules similar to the rules of section 45(b)(8) shall apply.’’. (l) DOMESTIC CONTENT; PHASEOUT FOR ELECTIVE PAYMENT.— Section 48(a), as amended by the preceding provisions of this Act, is amended by adding at the end the following new paragraphs: ‘‘(12) DOMESTIC CONTENT BONUS CREDIT AMOUNT.— ‘‘(A) IN GENERAL.—In the case of any energy project which satisfies the requirement under subparagraph (B), for purposes of applying paragraph (2) with respect to such property, the energy percentage shall be increased by the applicable credit rate increase. ‘‘(B) REQUIREMENT.—Rules similar to the rules of sec- tion 45(b)(9)(B) shall apply. ‘‘(C) APPLICABLE CREDIT RATE INCREASE.—For purposes of subparagraph (A), the applicable credit rate increase shall be— ‘‘(i) in the case of an energy project which does not satisfy the requirements of paragraph (9)(B), 2 percentage points, and ‘‘(ii) in the case of an energy project which satisfies the requirements of paragraph (9)(B), 10 percentage points. ‘‘(13) PHASEOUT FOR ELECTIVE PAYMENT.—In the case of a taxpayer making an election under section 6417 with respect to a credit under this section, rules similar to the rules of section 45(b)(10) shall apply.’’. (m) SPECIAL RULE FOR PROPERTY FINANCED BY TAX-EXEMPT BONDS.—Section 48(a)(4) is amended to read as follows: ‘‘(4) SPECIAL RULE FOR PROPERTY FINANCED BY TAX-EXEMPT BONDS.—Rules similar to the rule under section 45(b)(3) shall apply for purposes of this section.’’. (n) TREATMENT OF CERTAIN CONTRACTS INVOLVING ENERGY STORAGE.—Section 7701(e) is amended— (1) in paragraph (3)— (A) in subparagraph (A)(i), by striking ‘‘or’’ at the end of subclause (II), by striking ‘‘and’’ at the end of subclause (III) and inserting ‘‘or’’, and by adding at the end the following new subclause: ‘‘(IV) the operation of a storage facility, and’’, and (B) by adding at the end the following new subpara- graph: ‘‘(F) STORAGE FACILITY.—For purposes of subparagraph (A), the term ‘storage facility’ means a facility which uses energy storage technology within the meaning of section 48(c)(6).’’, and (2) in paragraph (4), by striking ‘‘or water treatment works facility’’ and inserting ‘‘water treatment works facility, or stor- age facility’’. (o) INCREASE IN CREDIT RATE FOR ENERGY COMMUNITIES.— Section 48(a), as amended by the preceding provisions of this Act, is amended by adding at the end the following new paragraph: ‘‘(14) INCREASE IN CREDIT RATE FOR ENERGY COMMU- NITIES.— Definition. Applicability. Applicability. Applicability. 26 USC 48. VerDate Sep 11 2014 13:57 Oct 25, 2022 Jkt 029139 PO 00169 Frm 00104 Fmt 6580 Sfmt 6581 E:\PUBLAW\PUBL169.117 PUBL169 jmbennett on LAP3P8D0R2PROD with Publaw