A bill to amend the Internal Revenue Code of 1954 to provide that the energy investment tax credit shall be allowed for certain U.S.-produced energy property used predominantly in any beneficiary developing country.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to allow an investment tax credit for energy property produced in the United States and used predominantly in a foreign country designated by the President as a beneficiary developing country under the Trade Act of 1974. Limits such treatment to: (1) solar, wind, or geothermal property; (2) hydroelectric generating property; (2) ocean thermal property; and (4) biomass property.…