To amend the Internal Revenue Code of 1986 to modify the energy credit for microturbine property.
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 ``American Microturbine Manufacturing and Clean Energy Deployment Act of 2011''.
SEC. 2. MODIFICATION OF ENERGY CREDIT FOR MICROTURBINE PROPERTY.
(a) Increase in Energy Percentage.--Clause (i) of section 48(a)(2)(A) of the Internal Revenue Code of 1986 is amended by striking ``and'' at the end of subclause (III) and by adding at the end the following new subclause: ``(V) qualified microturbine property, and''. (b) Modification of Definition of Qualified Microturbine Property Definition.--Subparagraph (A) of section 48(c)(2) of such Code is amended-- (1) by striking ``2,000 kilowatts'' in clause (i) and inserting ``5,000 kilowatts'', and (2) by striking ``and'' at the end of clause (i), by striking the period at the end of clause (ii) and inserting ``, and'', and by adding at the end the following new clause: ``(iii) has no single microturbine engine with a nameplate capacity of more than 500 kilowatts.''. (c) Elimination of Per Kilowatt Limitation.--Paragraph (2) of section 48(c) of such Code is amended by striking subparagraph (B), by redesignating subparagraph (C) as subparagraph (B), and by inserting after subparagraph (B) (as so redesignated) the following new subparagraph: ``(C) Credit may not exceed credit amount allocated.-- ``(i) In general.--The amount of credit determined under this section for any taxable year with...