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136 STAT. 1906 PUBLIC LAW 117–169—AUG. 16, 2022 (2) by striking ‘‘2021 AND 2022’’ in the heading and inserting ‘‘2021 THROUGH 2025’’. (c) EFFECTIVE DATE.—The amendments made by this section shall apply to taxable years beginning after December 31, 2022. Subtitle D—Energy Security SEC. 13001. AMENDMENT OF 1986 CODE. Except as otherwise expressly provided, whenever in this sub- title an amendment or repeal is expressed in terms of an amend- ment to, or repeal of, a section or other provision, the reference shall be considered to be made to a section or other provision of the Internal Revenue Code of 1986. PART 1—CLEAN ELECTRICITY AND REDUCING CARBON EMISSIONS SEC. 13101. EXTENSION AND MODIFICATION OF CREDIT FOR ELEC- TRICITY PRODUCED FROM CERTAIN RENEWABLE RESOURCES. (a) IN GENERAL.—The following provisions of section 45(d) are each amended by striking ‘‘January 1, 2022’’ each place it appears and inserting ‘‘January 1, 2025’’: (1) Paragraph (2)(A). (2) Paragraph (3)(A). (3) Paragraph (6). (4) Paragraph (7). (5) Paragraph (9). (6) Paragraph (11)(B). (b) BASE CREDIT AMOUNT.—Section 45 is amended— (1) in subsection (a)(1), by striking ‘‘1.5 cents’’ and inserting ‘‘0.3 cents’’, and (2) in subsection (b)(2), by striking ‘‘1.5 cent’’ and inserting ‘‘0.3 cent’’. (c) APPLICATION OF EXTENSION TO GEOTHERMAL AND SOLAR.— Section 45(d)(4) is amended by striking ‘‘and which’’ and all that follows through ‘‘January 1, 2022’’ and inserting ‘‘and the construc- tion of which begins before January 1, 2025’’. (d) EXTENSION OF ELECTION TO TREAT QUALIFIED FACILITIES AS ENERGY PROPERTY.—Section 48(a)(5)(C)(ii) is amended by striking ‘‘January 1, 2022’’ and inserting ‘‘January 1, 2025’’. (e) APPLICATION OF EXTENSION TO WIND FACILITIES.— (1) IN GENERAL.—Section 45(d)(1) is amended by striking ‘‘January 1, 2022’’ and inserting ‘‘January 1, 2025’’. (2) APPLICATION OF PHASEOUT PERCENTAGE.— (A) RENEWABLE ELECTRICITY PRODUCTION CREDIT.— Section 45(b)(5) is amended by inserting ‘‘which is placed in service before January 1, 2022’’ after ‘‘using wind to produce electricity’’. (B) ENERGY CREDIT.—Section 48(a)(5)(E) is amended by inserting ‘‘placed in service before January 1, 2022, and’’ before ‘‘treated as energy property’’. (3) QUALIFIED OFFSHORE WIND FACILITIES UNDER ENERGY CREDIT.—Section 48(a)(5)(F)(i) is amended by striking ‘‘offshore wind facility’’ and all that follows and inserting the following: ‘‘offshore wind facility, subparagraph (E) shall not apply.’’. 26 USC 45. 26 USC 36B note. VerDate Sep 11 2014 13:57 Oct 25, 2022 Jkt 029139 PO 00169 Frm 00090 Fmt 6580 Sfmt 6581 E:\PUBLAW\PUBL169.117 PUBL169 jmbennett on LAP3P8D0R2PROD with Publaw