Clean Energy Production Parity Act
This bill modifies the tax credit for investments in energy property to make qualified fuel cell property (certain fuel cell power plants) that uses an electromechanical process or includes a linear generator assembly eligible for the credit.
To amend the Internal Revenue Code of 1986 to include fuel cells using 
   electromechanical processes for purposes of the energy tax credit.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Clean Energy Production Parity 
Act''.

SEC. 2. INCLUDING FUEL CELLS USING ELECTROMECHANICAL PROCESSES FOR 
              PURPOSES OF THE ENERGY TAX CREDIT.

    (a) In General.--Section 48(c)(1) of the Internal Revenue Code of 
1986 is amended--
            (1) in subparagraph (A)(i)--
                    (A) by inserting ``or electromechanical'' after 
                ``electrochemical'', and
                    (B) by inserting ``(1 kilowatts in the case of a 
                fuel cell power plant with a linear generator 
                assembly)'' after ``0.5 kilowatt'', and
            (2) in subparagraph (C)--
                    (A) by inserting ``, or linear generator 
                assembly,'' after ``a fuel cell stack assembly'', and
                    (B) by inserting ``or electromechanical'' after 
                ``electrochemical''.
    (b) Linear Generator Assembly.--Section 48(c)(1) of such Code is 
amended by redesignating subparagraph (D) as subparagraph (E) and by 
inserting after subparagraph (C) the following new subparagraph:
                    ``(D) Linear generator assembly.--The term `linear 
                generator assembly' does not include any assembly which 
                contains rotating parts.''.
    (c) Effective Date.--The amendments made by this section shall 
apply to property placed in service after the date of the enactment of 
this Act.
                                 <all>
Clean Energy Production Parity Act
To amend the Internal Revenue Code of 1986 to include fuel cells using electromechanical processes for purposes of the energy tax credit.
Clean Energy Production Parity Act
Rep. Panetta, Jimmy