94 STAT. 286
Ante, p. 281. ^"^'•°-
PUBLIC LAW 96-223—APR. 2, 1980 ber 18, 1979, approved a constitutional amendment to provide for such a program, and (E) such obligations meet the requirements of paragraph (1) of section 103(h) of the Internal Revenue Code of 1954. (2) RENEWABLE ENERGY PROPERTY.—For purposes of t h i s sub-
section, the term "renewable energy property ' means property used to produce energy (including heat, electricity, and substitute fuels) from renewable energy sources (including wind, solar, and geothermal energy, waste heat, biomass, and water), (b) EFFECTIVE DATE.—Subsection (a) shall apply with respect to obligations issued after the date of enactment of this Act. SEC. 244. CERTAIN OBLIGATIONS MUST BE IN REGISTERED FORM AND NOT GUARANTEED OR SUBSIDIZED UNDER AN ENERGY PROGRAM. (a) GENERAL RULE.—Section 103 (relating to interest on govern-
Ante, p. 281.
mental obligations), as amended by section 241, is amended by redesignating subsection (h) as subsection (i) and by inserting after subsection (g) the following new subsection: "(h) CERTAIN OBLIGATIONS MUST B E IN REGISTERED FORM AND NOT GUARANTEED OR SUBSIDIZED UNDER AN ENERGY PROGRAM.—
"(1) IN GENERAL.—An obligation to which this subsection applies shall be treated as an obligation not described in subsection (a) if^ "(A) such obligation is not issued in registered form, "(B) the payment of principal or interest with respect to such obligation is guaranteed (in whole or in part) by the United States under a program a principal purpose of which is to encourage the production or conservation of energy, or "(C) the payment of the principal or interest with respect to such obligation is to be made (in whole or in part) with funds provided under such a program of the United States, a State, or a political subdivision of a State. "(2) OBLIGATIONS TO WHICH THIS SUBSECTION APPLIES.—This
subsection shall apply to any obligations to which paragraph (1) of subsection (b) does not apply by reason of— Ante, p. 283. "(A) subsection (b)(4)(H) (relating to qualified hydroelectric generating facilities), or "(B) subsection (g) (relating to qualified steam-generating or alcohol-producing facilities)." 26 USC l03note. (b) EFFECTIVE DATE.—The amendments made by subsection (a) shall apply to obligations issued on or after October 18, 1979. PART V—TERTIARY INJECTANTS SEC. 251. TERTIARY INJECTANTS. (a) DEDUCTION FOR TERTIARY INJECTANTS.—
(1) IN GENERAL.—Part VI of subchapter B of chapter 1 (relating to itemized deductions for individuals and corporations) is amended by adding at the end thereof the following new section: 26 USC 193.
"SEC. 193. TERTIARY INJECTANTS.
"(a) ALLOWANCE OF DEDUCTION.—There shall be allowed as a deduction for the taxable year an amount equal to the qualified tertiary injectant expenses of the taxpayer for tertiary injectants injected during such taxable year. Definitions.
"(b) QUALIFIED TERTIARY INJECTANT EXPENSES.—For purposes of
this section—
�
