1. Short title This Act may be cited as the Energy Opportunity Zones Act of 2020 . 2. Opportunity zones (a) In general Chapter 1 of the Internal Revenue Code of 1986 is amended by inserting before subchapter Z the following new subchapter: Y Energy Opportunity Zones Sec. 1400Y–1. Energy opportunity zones. 1400Y–1. Energy opportunity zones (a) Production tax credit In the case of a qualified energy opportunity zone facility, section 45 shall be administered as if— (1) subsection (b)(5) did not apply, (2) 2050 were substituted for 2021 in subsection (d)(1), and (3) 2050 were substituted for 2021 each place such date appears in paragraphs (2)(A), (3)(A)(i), (4)(B), (6), (7), (9), and (11)(B) of subsection (d). (b) Investment tax credit In the case of qualified energy opportunity zone property, section 48 shall be administered as if— (1) 2050 were substituted for 2022 in paragraphs (2)(A)(i)(II), (3)(A)(ii), and (3)(A)(vii) of subsection (a), (2) 2050 were substituted for 2021 in subsection (a)(5)(C)(ii), (3) paragraphs (5)(E), (6), and (7) of subsection (a) did not apply, (4) paragraphs (1)(D) and (2)(D) of subsection (c) did not apply, (5) 2050 were substituted for 2022 in subsection (c)(3)(A)(iv), and (6) subsection (c)(4)(C) did not apply. (c) Definitions For purposes of this section— (1) Qualified energy opportunity zone facility The term qualified energy opportunity zone facility means any facility which is located within an energy opportunity zone and the construction of which was subject to a project labor agreement. (2) Qualified energy opportunity zone property The term qualified energy opportunity zone property means any property if— (A) such property is located within an energy opportunity zone, (B) the construction of such property was subject to a project labor agreement, and (C) all laborers and mechanics employed by any contractor or subcontractor in the construction of such property were paid wages at rates not less than those prevailing on similar construction in the locality as determined by the