Restoration of cost recovery for energy property

(a) In general Section 168(e)(3)(B)(vi) is amended— (1) by redesignating subclauses (I) and (II) as subclauses (II) and (III), respectively, and (2) by inserting before subclause (II) (as so redesignated) the following subclause: (I) is described in subparagraph (A) of section 48(a)(3) (or would be so described if solar or wind energy were substituted for solar energy in clause (i) thereof and the last sentence of such section did not apply to such subparagraph),. (b) Effective date The amendment made by this section shall take effect as if included in section 70509 of Public Law 119–21.