Latest Update: Friday, January, 16th 2009

To amend the Internal Revenue Code of 1986 to provide tax incentives for the production of renewable energy and energy conservation. 8/4/2007--Passed House amended.    (There are 2 other summaries) Renewable Energy and Energy Conservation Tax Act of 2007 - Amends Internal Revenue Code provisions relating to renewable energy sources and energy conservation. Title I: Production Incentives - (Sec. 101) Extends through 2012 the tax credit for the production of electricity from renewable resources (e.g., wind, closed and open-loop biomass, geothermal energy, small irrigation power, municipal solid waste, and qualified hydropower). Imposes a limit on such tax credit based upon investment in renewable resource facilities placed in service after 2008 in lieu of the current phaseout provisions for such credit.(Sec. 102) Includes marine and hydrokinetic renewable energy as a renewable resource for purposes of the tax credit for producing electricity [...]

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Latest Actions
  • 08/04/2007 - Rule provides for consideration of H.R. 3221 with 2 hours of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be read by paragraph. Bill is open to amendments. All points of order against consideration of the bill are waived except those arising under clause 9 or 10 of rule XXI. The amendment printed in part A of the report of the Committee on Rules accompanying this resolution shall be considered as adopted in the House and the Committee of the Whole.
  • 08/04/2007 - DEBATE - The House proceeded with one hour of debate on H.R. 2776.
  • 08/04/2007 - DEBATE - The House proceeded with ten minutes of debate on the motion to recommit with instructions on H.R. 2776. The instructions contained in the motion seek to require the bill to be reported back to the House with an amendment inserting a new section entitled Amendment of 1986 Code; Table of Contents.
  • 08/04/2007 - Pursuant to the provisions of H. Res. 615, the text of H.R. 2776, as passed by the House, is appended at the end of the text of H.R. 3221 as new matter.
  • 08/04/2007 - Considered under the provisions of rule H. Res. 615. (consideration: CR H9915-9951)

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