Senate committee substitute makes the following changes to the 1st edition.

Changes the long title.

Deletes all of the changes from the previous edition and creates a new GS 105-129.16A(f) providing for a delayed sunset for renewable energy property placed into service on or after January 1, 2017. Provides that taxpayers become eligible for the delayed sunset if they make a timely application for the extension, pay the application fee, and meet the two following conditions on or before January 1, 2016: (1) they have incurred at least the minimum percentage of costs of the projects and (2) completed at least the minimum percentage of the physical construction of the project. Specifies criteria for project costs and construction minimums. Provides that an application and payment must be filed with the Secretary of Revenue on or before October 1, 2015. Sets out requirements for the application. Establishes a $1,000 per megawatt of capacity nonrefundable fee, with a minimum fee of $5,000. Further provides that taxpayers must submit the required and specified documentation, verifying that they meet the requirements for the minimum percentage of incurred costs and partial construction, by March 1, 2016. Required documentation includes written certification signed by the taxpayer regarding the minimum percentages as well as notarized copies of written reports by an independent engineer and a certified public accountant as specified.