To amend the Internal Revenue Code of 1986 to require certain contract terms in contracts relating to wind turbines on land not owned by the taxpayer as a requirement in order to claim the credit relating to electricity produced from certain renewable resources.

This bill amends the Internal Revenue Code to add a new requirement for claiming the renewable electricity production tax credit for wind facilities. It requires that if a wind facility is located on land not majority-owned by the taxpayer, the taxpayer must have a contractual agreement with the landowner requiring removal of the facility and associated equipment after the end of its useful life.

Sec. 1, Required contract terms relating to wind facilities: The bill modifies Section 45(d)(1) of the Internal Revenue Code to specify that a qualified facility must either have qualified small wind energy property expenditures taken into account for the credit under Section 25D, or if located on real property not majority-owned by the taxpayer, must have a contractual agreement with the landowner requiring removal of the facility and associated equipment after the end of its useful life. This change applies to facilities placed in service after the date of enactment.