respect to a qualified facility for any taxable years beginning before the date of enactment of the Renewable Energy Transferability Act shall not apply to any taxable years beginning after the date of enactment of such Act, and the person described in subparagraph (A) may make a new election or elections under clause (i) with respect to such qualified facility. . (d) Special rule for proceeds of transfers for mutual or cooperative electric companies Section 501(c)(12)(I) of such Code is amended by striking 45J(e)(1) and inserting 45(e)(12), 45J(e)(1), 45Q(f)(3)(B), or 48(e)(1) . (e) Effective date The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act.