Top Legislation - View All
Also tagged in: Administrative procedure, Bonds, Business, Congress, Congressional reporting requirements, Department of the Treasury, Education, Executive departments, Finance, Government information, Government paperwork, Governmental investigations, Higher education, Income tax, Intellectual property, Law, Patents, Public contracts, Research and development, Research and development tax credit, Research centers, Research grants, Science policy, Small business, Tax administration, Tax-exempt organizations, Taxation, Technological innovations, Technology
Latest Action: 01/04/2007 - Sponsor introductory remarks on measure. (CR S70-72) Bill TextA bill to amend the Internal Revenue Code of 1986 to provide incentives to improve America's research competitiveness, and for other purposes. 1/4/2007--Introduced. Research Competitiveness Act of 2007 - Amends the Internal Revenue Code to: (1) modify the tax credit for increasing research expenses to establish a standard 20% credit rate for research expenses exceeding 50% of average expenses over the preceding three year period; (2) establish a uniform 80% reimbursement rate for all contract research expenses (100% for basic research payments); (3) make such tax credit permanent; (4) allow a tax credit for equity investments in small business innovation companies; and (5) allow the issuance of tax exempt facility bonds for research park facilities used in connection with research and experimentation.Directs the Secretary of the Treasury to: (1) study and report to Congress on taxpayer compliance with the substantiation requirements for claiming the tax credit for increasing [...] show full description
Also tagged in: Administrative procedure, Air pollution, Alternative energy sources, Armed forces, Aviation fuels, Budgets, Building construction, Business, Carbon cycle, Carbon dioxide, Coal, Coal liquefaction, Congress, Congressional reporting requirements, Construction costs, Cooperative societies, Defense contracts, Defense economics, Defense policy, Department of Energy, Depreciation and amortization, Diesel motor, Energy, Energy facilities, Energy research, Energy storage, Environmental health, Environmental protection, Environmental research, Executive departments, Federally-guaranteed loans, Finance, Gas industry, Government lending, Governmental investigations, Health policy, Income tax, Laboratories, Law, Licenses, Medical care, Methane, Military bases, Minimum tax, Motor vehicle pollution control, Natural resources, Petroleum, Petroleum industry, Petroleum reserves, Public contracts, Public health, Public lands, Research and development, Research and development facilities, Research centers, Science policy, Secondary recovery of gas, Secondary recovery of oil, Strategic materials, Synthetic fuel, Tax credits, Tax deductions, Tax returns, Taxation, Transportation
Latest Action: 01/04/2007 - Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S144-148) Bill TextA bill to promote coal-to-liquid fuel activities. 1/4/2007--Introduced. Coal-to-Liquid Fuel Promotion Act of 2007 - Amends the Energy Policy Act of 2005 to instruct the Secretary of Energy to: (1) make loan guarantees to certain large-scale coal-to-liquid facilities to produce liquid transportation fuel; (2) establish a loan program to pay the federal share of the cost of obtaining services necessary for the planning, permitting, and construction of a coal-to-liquid facility; and (3) promulgate regulations for development of coal-to-liquid manufacturing facilities on federal land. Amends the Energy Policy and Conservation Act to instruct the Secretaries of Energy and of Defense to study and report to Congress on the feasibility and suitability of maintaining coal-to-liquid products in the Strategic Petroleum Reserve (Reserve). Authorizes the Secretary to: (1) construct storage facilities in the vicinity of pipeline infrastructure and at least one military base;[...] show full description
Also tagged in: Administrative procedure, Air pollution, Alternative energy sources, Armed forces, Aviation fuels, Budgets, Building construction, Business, Carbon cycle, Carbon dioxide, Coal, Coal liquefaction, Congress, Congressional reporting requirements, Construction costs, Cooperative societies, Defense contracts, Defense economics, Defense policy, Department of Energy, Depreciation and amortization, Diesel motor, Energy, Energy facilities, Energy research, Energy storage, Environmental health, Environmental protection, Environmental research, Executive departments, Federally-guaranteed loans, Finance, Gas industry, Government lending, Governmental investigations, Health policy, Income tax, Laboratories, Law, Licenses, Medical care, Methane, Military bases, Minimum tax, Motor vehicle pollution control, Natural resources, Petroleum, Petroleum industry, Petroleum reserves, Public contracts, Public health, Public lands, Research and development, Research and development facilities, Research centers, Science policy, Secondary recovery of gas, Secondary recovery of oil, Strategic materials, Synthetic fuel, Tax credits, Tax deductions, Tax returns, Taxation, Transportation
Latest Action: 02/02/2007 - Referred to the Subcommittee on Energy and Air Quality. Bill TextTo promote coal-to-liquid fuel activities. 1/10/2007--Introduced. Coal-to-Liquid Fuel Promotion Act of 2007 - Amends the Energy Policy Act of 2005 to instruct the Secretary of Energy to: (1) make loan guarantees to certain large-scale coal-to-liquid facilities to produce liquid transportation fuel; (2) establish a loan program to pay the federal share of the cost of obtaining services necessary for the planning, permitting, and construction of a coal-to-liquid facility; and (3) promulgate regulations for development of coal-to-liquid manufacturing facilities on federal land. Amends the Energy Policy and Conservation Act to instruct the Secretaries of Energy and of Defense to study and report to Congress on the feasibility and suitability of maintaining coal-to-liquid products in the Strategic Petroleum Reserve (Reserve). Authorizes the Secretary to: (1) construct storage facilities in the vicinity of pipeline infrastructure and at least one military base; and [...] show full description
Also tagged in: Administrative procedure, Agricultural machinery, Agriculture, Air conditioning, Air pollution, Alcohol as fuel, Alloys, Alternative energy sources, Automobile engines, Automobile industry, Automobile parts, Automobile tires, Automobiles, Awards, medals, prizes, Biomass energy, Budgets, Business, Cellulose, Climate change, Coal, Coal liquefaction, Commemorations, Commercialization, Compressed natural gas, Congress, Congressional reporting requirements, Consumer education, Consumers, Department of Agriculture, Department of Defense, Department of Energy, Department of the Treasury, Department of Transportation, Depreciation and amortization, Diesel motor, Economic policy, Education, Electric batteries, Electric utilities, Electric vehicles, Electrical engineering, Elementary and secondary education, Emblems, Energy, Energy conservation, Energy consumption, Energy efficiency, Energy research, Energy security, Engineering, Engineers, Environmental protection, Environmental Protection Agency, Excise tax, Executive departments, Federal advisory bodies, Federal aid to education, Federal aid to transportation, Federal preemption, Federally-guaranteed loans, Finance, Food, Fuel cells, Fuel consumption, Government information, Government lending, Government publicity, Government trust funds, Government vehicles, Grants-in-aid, Greenhouse gases, Heating, High technology, Higher education, Hydrogen, Income tax, Indexing (Economic policy), Infrastructure, Law, Light rail transit, Liquefied natural gas, Liquefied petroleum gas, Local laws, Mass rapid transit, Materials, Motor vehicle pollution control, Nanotechnology, Natural gas vehicles, Natural resources, Petroleum, Public service advertising, Public-private partnerships, Research and development, Revolving funds, School buses, Science policy, Scientific education, Service stations, Small business, Standards, State and local government, State laws, Sugar, Tax credits, Tax deductions, Taxation, Teaching materials, Technological innovations, Technology, Transportation, Transportation research, Trucks, Urban affairs, Urban economic development
Latest Action: 01/18/2007 - Read twice and referred to the Committee on Finance. Bill TextA bill to promote the national security and stability of the United States economy by reducing the dependence of the United States on oil through the use of alternative fuels and new technology, and for other purposes. 1/18/2007--Introduced. Dependence Reduction through Innovation in Vehicles and Energy Act or DRIVE Act - Instructs the Director of the Office of Management and Budget to publish in the Federal Register an oil savings target and action plan for specified calendar years.Directs the Secretary of Transportation to develop: (1) a fuel efficiency consumer education program for motor vehicle tires; (2) a fuel efficiency program for passenger automobile and light truck tires; and (3) a program to designate Transit-Oriented Development Corridors.Directs the Administrator of the Environmental Protection Agency to: (1) develop a testing and assessment program to determine heavy duty vehicle fuel economy; (2) establish a task force to develop minimum certification [...] show full description
Also tagged in: Air conditioning, Business, Depreciation and amortization, Energy, Energy conservation, Energy conservation in buildings, Energy efficiency, Energy storage, Fuel cells, Heating, Housing, Income tax, Lighting, Minimum tax, Solar energy, Tax credits, Tax deductions, Taxation
Latest Action: 01/18/2007 - Referred to the House Committee on Ways and Means. Bill TextTo amend the Internal Revenue Code of 1986 to extend the investment tax credit with respect to solar energy property and qualified fuel cell property, and for other purposes. 1/18/2007--Introduced. Securing America's Energy Independence Act of 2007 - Amends the Internal Revenue Code to extend through 2016: (1) the energy tax credit for solar energy property and qualified fuel cell property; and (2) the tax credit for residential energy efficient property expenditures. Allows such credits to be applied against alternative minimum tax liability. Includes advanced energy storage systems as energy property for purposes of the tax credit. Provides for a special credit amount for solar photovoltaic energy property and residential energy efficient property based upon kilowatt capacity. Allows accelerated depreciation (three-year recovery period) for solar energy and fuel cell property.
Latest Action: 01/19/2007 - Referred to the House Committee on Ways and Means. Bill TextTo amend the Internal Revenue Code of 1986 to allow a credit against income tax for qualified equity investments in certain small businesses. 1/19/2007--Introduced. Access to Capital for Entrepreneurs Act of 2007 - Amends the Internal Revenue Code to allow certain investors a business tax credit for 25% of equity investments made in small businesses, up to an annual limit of $500,000. Terminates such credit after 2011.
Also tagged in: Administrative procedure, Auditing, Broadband, Business, Cable television, Capital gains tax, Congress, Congressional investigations, Congressional reporting requirements, Corporation taxes, Department of the Treasury, Direct broadcast satellites, Enterprise zones, Executive departments, Finance, Income tax, Law, Minorities, Minority business enterprises, Partnerships, Radio stations, Small business, Small business investment companies, Stocks, Tax deferral, Tax exclusion, Taxation, Telecommunication, Telecommunication industry, Telephone, Television stations, Urban affairs, Wireless communication
Latest Action: 01/22/2007 - Referred to the House Committee on Ways and Means. Bill TextTo amend the Internal Revenue Code of 1986 to provide for a deferral of tax on gain from the sale of telecommunications businesses in specific circumstances or a tax credit and other incentives to promote diversity of ownership in telecommunications businesses. 1/22/2007--Introduced. Telecommunications Ownership Diversification Act of 2007 - Amends the Internal Revenue Code to allow a taxpayer election to exclude from gross income a portion of the gain from the sale of the assets of a telecommunications business to an eligible purchaser. Defines "eligible purchaser" as: (1) any economically and socially disadvantaged business as designated by the Secretary of the Treasury using specified criteria; or (2) a corporation or partnership which, following the sale of a telecommunications business, owns substantially all of the assets of such business and is at least five percent owned by the Telecommunications Development Fund established under the Communications Act of [...] show full description
Also tagged in: Budgets, Building construction, Business, Collection of accounts, Commemorations, Condominium (Housing), Depressed areas, Economic policy, Historic sites, History, Housing, Income tax, Leases, Low-income housing, Maintenance and repair, Office buildings, Rental housing, Residential rehabilitation, Tax credits, Tax-exempt organizations, Taxation, Valuation
Latest Action: 02/14/2007 - Read twice and referred to the Committee on Finance. Bill TextA bill to amend the Internal Revenue Code of 1986 to modify the rehabilitation credit and the low-income housing credit. 2/14/2007--Introduced. Community Restoration and Revitalization Act of 2007 - Amends the Internal Revenue Code to: (1) allow an increased rehabilitation tax credit for certain low-income buildings; (2) allow a basis reduction adjustment for property eligible for the credit; (3) increase the credit for certain smaller buildings; (4) allow property eligible for the credit to be used for lodging purposes; (5) modify placed-in-service rules for credit property; (6) modify qualification rules for credit property that is tax-exempt use property; (7) increase the credit for buildings in high cost areas; and (8) exempt certain condominium transactions from rehabilitation tax credit recapture requirements.
Also tagged in: Air conditioning, Business, Depreciation and amortization, Energy, Energy conservation, Energy conservation in buildings, Energy efficiency, Energy storage, Fuel cells, Heating, Housing, Income tax, Lighting, Minimum tax, Solar energy, Tax credits, Tax deductions, Taxation
Latest Action: 02/14/2007 - Sponsor introductory remarks on measure. (CR S1970) Bill TextA bill to amend the Internal Revenue Code of 1986 to extend the investment tax credit with respect to solar energy property and qualified fuel cell property, and for other purposes. 2/14/2007--Introduced. Securing America's Energy Independence Act of 2007 - Amends the Internal Revenue Code to extend through 2016: (1) the energy tax credit for solar energy property and qualified fuel cell property; and (2) the tax credit for residential energy efficient property expenditures. Allows such credits to be applied against alternative minimum tax liability. Expands the definition of "energy property" for purposes of the tax credit to include certain equipment which uses solar energy to generate or store excess electricity.Provides for a special credit amount for solar photovoltaic energy property and residential energy efficient property based upon kilowatt capacity.Allows a tax credit for the full amount of qualified photovoltaic property expenditures [...] show full description
Also tagged in: Accounting, Administrative fees, Apartment houses, Architecture, Building construction, Commemorations, Condominium (Housing), Cooperative housing, Depressed areas, Economic policy, Enterprise zones, Finance, Historic sites, History, Home ownership, Home repair and improvement, Housing, Humanities, Income tax, Law, Low-income housing, Mortgage banks, Mortgage interest rates, Mortgages, Natural resources, Public lands, Rental housing, Tax credits, Tax exclusion, Taxation, Urban affairs, Valuation, Welfare
Latest Action: 02/05/2007 - Sponsor introductory remarks on measure. (CR H1155) Bill TextTo amend the Internal Revenue Code of 1986 to expand the incentives for the rehabilitation of older buildings, including owner-occupied residences. 1/22/2007--Introduced. Preserve Historic America Act of 2007 - Amends the Internal Revenue Code to modify the tax credit for rehabilitation of older and historic buildings by: (1) increasing from 20 to 25% the tax credit rate for certified historic structure rehabilitation expenditures; (2) permitting a building at least 50 years old to qualify for the rehabilitation tax credit (currently, a building must have been placed in service before 1936); (3) permitting qualified rehabilitated buildings to be used for lodging purposes; (4) limiting to 50% the basis reduction for buildings qualifying for the low-income housing and rehabilitation tax credits; (5) allowing an increased rehabilitation tax credit for certain buildings in difficult development areas or which qualify as small rehabilitation projects; (6) exempting tax credits [...] show full description
|
Latest Legislation - View All
Also tagged in: Agriculture, Air pollution, Air pollution control, Alternative energy sources, Automobile engines, Bicycles, Biomass energy, Bonds, Budgets, Building construction, Business, Cellulose, Climate change, Coal, Cogeneration of electric power and heat, Commuting, Congress, Congressional reporting requirements, Corn, Depreciation and amortization, Diesel motor, Electric appliances, Electric power production, Electric utility rates, Electric vehicles, Energy, Energy assistance for the poor, Energy conservation, Energy efficiency, Environmental protection, Excise tax, Fuel cells, Geothermal resources, Government lending, Government trust funds, Greenhouse gases, Heating, Housing, Hydroelectric power, Incineration, Income tax, Irrigation, Landfills, Marine resources, Natural resources, Ocean energy resources, Refuse as fuel, Service stations, Solar energy, Solid wastes, Standards, Tax credits, Tax deductions, Tax exclusion, Tax rates, Taxation, Tidal power, Transportation, Trucks, Water resources, Welfare, Wind power, Wood
Latest Action: 07/28/2008 - Sponsor introductory remarks on measure. (CR S7575-7576) Bill TextA bill to increase energy assistance for low-income persons, to extend energy tax incentives, and for other purpose. 7/28/2008--Introduced. Energy Assistance Act of 2008 - Amends the Energy Conservation and Production Act to authorize appropriations for FY2009-FY2011 for the home weatherization program. Establishes in the Treasury the Energy Assistance Fund to finance low interest loans for the purchase and installation of energy efficient property, idling reduction devices and advanced insulation for heavy trucks, and alternative refueling stations.Amends the Internal Revenue Code to allow individual taxpayers a tax credit, up to $500, for the cost of replacing a residential wood stove with: (1) a wood-burning stove that complies with current Environmental Protection Agency (EPA) standards; and (2) a pellet or corn-burning stove. Extends the tax credit for producing electricity from wind facilities through 2009 and the credit for closed and open-loop [...] show full description
Also tagged in: Agriculture, Agriculture in foreign trade, Air pollution, Alabama, Alcohol tax, Alcoholic beverages, Alternative energy sources, American Samoa, Biomass energy, Bonds, Books, Budgets, Building construction, Business, Carbon dioxide, Cellulose, Charitable contributions, Children, Climate change, Coal, Cogeneration of electric power and heat, College costs, Communications, Computers, Corporation taxes, Criminal justice, Department of the Treasury, Depreciation and amortization, Depressed areas, Diesel motor, District of Columbia, Dividends, Economic development, Economic policy, Education, Educational technology, Electric appliances, Electric power plants, Electric power production, Electric vehicles, Elementary and secondary education, Emergency management, Employee training, Energy, Energy conservation, Energy efficiency, Energy facilities, Environmental protection, Excise tax, Executive departments, Exports, Finance, Fines (Penalties), Food, Foreign corporations, Foreign policy, Foreign tax credit, Fuel cells, Geothermal resources, Government trust funds, Governmental investigations, Greenhouse gases, Higher education, Housing, Humanities, Hurricanes, Hydroelectric power, Incineration, Income tax, Indian economic development, Individual retirement accounts, Interest, Internal Revenue Service (IRS), International affairs, Inventories, Irrigation, Job training, Labor, Landfills, Law, Lawyers, Leases, Legal fees, Legal services, Liability for environmental damages, Local taxation, Losses, Louisiana, Marine resources, Methane, Mine safety, Minimum tax, Minorities, Minority employment, Mississippi, Motion pictures, Mutual funds, Natural resources, New York City, Ocean energy resources, Oil pollution, Pensions, Property tax, Puerto Rico, Railroad engineering, Refuse as fuel, Rescue work, Research and development tax credit, Restaurants, Retail trade, Rural affairs, Rural education, Sales tax, School buildings, Science policy, Service stations, Small business, Solar energy, Solid wastes, Sports, Sports facilities, State and local government, State taxation, Stocks, Subsidiary corporations, Tariff, Tax administration, Tax credits, Tax deductions, Tax exclusion, Tax exemption, Tax penalties, Tax preparers, Tax rates, Tax refunds, Tax returns, Tax-exempt organizations, Taxation, Taxation of foreign income, Teacher education, Technology, Television industry, Terrorism, Trade, Transportation, Undercover operations, Urban affairs, Urban economic development, Virgin Islands, Wages, Water resources, Wind power, Wool
Latest Action: 06/12/2008 - Sponsor introductory remarks on measure. (CR S5595-5597) Bill TextA bill to amend the Internal Revenue Code of 1986 to extend certain expiring provisions, and for other purposes. 6/12/2008--Introduced. Energy Independence and Tax Relief Act of 2008 - Amends the Internal Revenue Code to extend various provisions relating to energy production and conservation and to individual and business-related activities.Extends through 2009 the tax credit for producing electricity from wind facilities and through 2011 for closed and open-loop biomass, geothermal, small irrigation, hydropower, landfill gas, and trash combustion facilities. Includes marine and hydrokinetic renewable energy as a renewable resource for purposes of such tax credit. Extends through 2014: (1) the energy tax credits for solar energy, fuel cell, and microturbine property; and (2) the residential energy efficient property tax credit. Allows a new investment tax credit for combined heat and power system property.Provides funding for new clean renewable energy [...] show full description
Also tagged in: Air pollution, Alabama, Alcoholic beverages, Alternative energy sources, Armed forces, Biomass energy, Bonds, Books, Building construction, Business, Capital gains tax, Carbon dioxide, Cellulose, Charitable contributions, Children, Civil rights, Clean coal technology, Climate change, Coal, Coal gasification, College costs, Computers, Congress, Congressional reporting requirements, Construction costs, Corporation taxes, Criminal justice, Curricula, Defense policy, Depreciation and amortization, Diesel motor, Discrimination in insurance, Discrimination in medical care, District of Columbia, Earned income tax credit, Economic policy, Education, Education of the disadvantaged, Educational technology, Electric appliances, Electric vehicles, Elementary and secondary education, Emergency management, Employee stock options, Energy, Energy conservation, Energy efficiency, Energy industries, Enterprise zones, Environmental protection, Excise tax, Finance, Food, Foreign corporations, Foreign policy, Foreign tax credit, Fuel cells, Geothermal resources, Governmental investigations, Greenhouse gases, Health insurance, Health policy, Higher education, Home repair and improvement, Housing, Humanities, Hurricanes, Hydroelectric plants, Hydroelectric power, Incineration, Income tax, Indians, Individual retirement accounts, Interest, International affairs, Inventories, Irrigation, Labor, Landfills, Law, Leases, Legal fees, Legal services, Local taxation, Losses, Louisiana, Marine resources, Medical care, Medicine, Mental health services, Methane, Military pay, Minimum tax, Minorities, Minority employment, Mississippi, Mortgages, Motion pictures, Mutual funds, Natural resources, New York City, New York State, Ocean energy resources, Pensions, Property tax, Public-private partnerships, Puerto Rico, Railroad engineering, Refuse as fuel, Research and development tax credit, Restaurants, Science policy, Service stations, Small business, Solar energy, Solid wastes, Sports, Sports facilities, State and local government, State taxation, Stocks, Subsidiary corporations, Tax administration, Tax credits, Tax deductions, Tax evasion, Tax exclusion, Tax exemption, Tax penalties, Tax preparers, Tax rates, Tax refunds, Tax returns, Tax-exempt organizations, Taxation, Teachers, Teaching materials, Technology, Telecommunication, Television industry, Terrorism, Trade, Transportation, Undercover operations, Urban affairs, Urban economic development, Veterans, Veterans' benefits, Water resources, Welfare
Latest Action: 07/29/2008 - Motion by Senator Reid to reconsider the vote by which cloture was not invoked on the motion to proceed to the measure [Record Vote Number 150] agreed to in Senate by Unanimous Consent. (consideration: CR S7594) Bill TextTo amend the Internal Revenue Code of 1986 to provide incentives for energy production and conservation, to extend certain expiring provisions, to provide individual income tax relief, and for other purposes. 5/21/2008--Passed House amended. (There are 2 other summaries) (This measure has not been amended since it was reported to the House on May 20, 2008. The summary of that version is repeated here.)Renewable Energy and Job Creation Act of 2008 -Amends the Internal Revenue Code to provide tax incentives for energy production and conservation, to extend expiring tax provisions, and to extend tax benefits to individual and business taxpayers. Title I: Energy Tax Incentives - Subtitle A: Energy Production Incentives - Part I: Renewable Energy Incentives - (Sec. 101) Extends: (1) through 2009 the tax credit for producing electricity from qualified wind facilities; and (2) through 2011 the tax credits for producing electricity [...] show full description
Also tagged in: Alternative energy sources, Biomass energy, Bonds, Capital gains tax, Clean coal technology, Coal, Electric appliances, Electric power production, Electric power transmission, Electric utilities, Energy, Energy efficiency, Environmental protection, Finance, Fuel cells, Geothermal resources, Housing, Hydroelectric plants, Hydroelectric power, Incineration, Income tax, Irrigation, Landfills, Methane, Minimum tax, Refuse as fuel, Solar energy, Solid wastes, Standards, Tax credits, Tax deductions, Tax deferral, Taxation, Water resources, Wind power
Latest Action: 05/07/2008 - Referred to the House Committee on Ways and Means. Bill TextTo amend the Internal Revenue Code of 1986 to provide for the limited continuation of clean energy production incentives and incentives to improve energy efficiency in order to prevent a downturn in these sectors that would result from a lapse in the tax law. 5/7/2008--Introduced. Clean Energy Tax Stimulus Act of 2008 - Amends the Internal Revenue Code to extend certain tax incentives for energy production and conservation. Extends through 2009 the tax credit for the production of electricity from renewable resources (e.g., biomass, geothermal energy, landfill gas, and trash combustion). Includes marine and hydrokinetic renewable energy as a renewable resource eligible for such credit. Allows sales of electricity produced from renewable resources to regulated public utilities. Extends through 2016 the energy investment tax credit for solar energy, fuel cell, and microturbine property. Repeals the dollar per kilowatt limitation for fuel cell property under the [...] show full description
Also tagged in: Alternative energy sources, Biomass energy, Bonds, Capital gains tax, Clean coal technology, Coal, Electric appliances, Electric power production, Electric power transmission, Electric utilities, Energy, Energy efficiency, Environmental protection, Finance, Fuel cells, Geothermal resources, Housing, Hydroelectric plants, Hydroelectric power, Incineration, Income tax, Irrigation, Landfills, Methane, Minimum tax, Refuse as fuel, Solar energy, Solid wastes, Standards, Tax credits, Tax deductions, Tax deferral, Taxation, Water resources, Wind power
Latest Action: 04/03/2008 - Read twice and referred to the Committee on Finance. Bill TextA bill to amend the Internal Revenue Code of 1986 to provide for the limited continuation of clean energy production incentives and incentives to improve energy efficiency in order to prevent a downturn in these sectors that would result from a lapse in the tax law. 4/3/2008--Introduced. Clean Energy Tax Stimulus Act of 2008 - Amends the Internal Revenue Code to extend certain tax incentives for energy production and conservation. Extends through 2009 the tax credit for the production of electricity from renewable resources (e.g., biomass, geothermal energy, landfill gas, and trash combustion). Includes marine and hydrokinetic renewable energy as a renewable resource eligible for such credit. Allows sales of electricity produced from renewable resources to regulated public utilities. Extends the energy investment tax credits for solar energy (through 2016) and for fuel cell and microturbine property (through 2017). Repeals the dollar per kilowatt limitation for [...] show full description
Also tagged in: Agricultural wastes, Agriculture, Air pollution, Alaska, Alcohol as fuel, Alternative energy sources, Animals, Arctic regions, Armed forces, Auctions, Biomass energy, Bonds, Boundaries, Budgets, Business, Carbon dioxide, Cellulose, Chemicals, Climate change, Coal, Coastal zone, Congress, Congressional reporting requirements, Continental shelf, Credit cards, Defense economics, Defense procurement, Depletion allowances, Depreciation and amortization, Electric power production, Electric vehicles, Emissions trading, Energy, Energy conservation, Energy efficiency, Energy prices, Energy research, Energy security, Energy storage, Energy transportation, Environmental protection, Executive departments, Federal advisory bodies, Federal aid to research, Federally-guaranteed loans, Feedstock, Fees, Finance, Forest products, Fuel cells, Gas in submerged lands, Gasoline, Government procurement, Government trust funds, Governmental investigations, Greenhouse gases, Housing, Income tax, Indian lands, Indians, Indigenous peoples, Judicial review, Land transfers, Law, Marine resources, Minimum tax, Minorities, Motor vehicle pollution control, Natural gas, Natural resources, Nuclear energy, Nuclear power plants, Oil and gas leases, Options (Contract), Petroleum, Petroleum in submerged lands, Petroleum industry, Petroleum refineries, Petroleum reserves, Profit, Public contracts, Refuse as fuel, Research and development, Restrictive trade practices, Revenue sharing, Right-of-way, Rural affairs, Rural economic development, Solar energy, Solid wastes, State and local government, State laws, Strategic materials, Synthetic fuel, Tax credits, Tax deductions, Taxation, Transportation, Trees, Wildlife refuges, Wind power, Wood
Latest Action: 04/25/2008 - Referred to the Subcommittee on Conservation, Credit, Energy, and Research. Bill TextTo promote alternative and renewable fuels, domestic energy production, conservation, and efficiency, to increase American energy independence, and for other purposes. 2/14/2008--Introduced. American-Made Energy Act of 2008 - Amends the Internal Revenue Code to modify and set forth provisions concerning tax credits for alternative and renewable energy, nuclear power facility construction, and an advanced coal project and deductions for energy efficient commercial buildings, qualified refinery property, and oil and gas well depletion. Establishes the American-Made Energy Trust Fund.Amends the Energy Independence and Security Act of 2007 to repeal a provision that prohibits federal agencies from procuring alternative or synthetic fuel for any mobility-related use unless its life cycle greenhouse gas emissions are less than those for fuel from conventional petroleum sources.Directs the Federal Trade Commission (FTC) to study the effects of state guaranteed profit [...] show full description
Also tagged in: Agricultural wastes, Agriculture, Air pollution, Air pollution control, Alcohol as fuel, Alternative energy sources, Bicycles, Biomass energy, Bonds, Business, Capital gains tax, Carbon dioxide, Cellulose, Commuting, Congress, Congressional reporting requirements, Construction industries, Construction workers, Corporation taxes, Depreciation and amortization, Electric appliances, Electric power production, Electric utilities, Electric vehicles, Energy, Energy conservation, Energy crops, Energy development, Energy efficiency, Environmental protection, Excise tax, Finance, Fuel cells, Gas industry, Geothermal resources, Government contractors, Governmental investigations, Greenhouse gases, Heat pumps, Hydroelectric power, Income tax, Infrastructure, Irrigation, Labor, Local government, Minimum tax, Minimum wages, Municipal solid waste, Natural gas, Natural gas vehicles, New York City, New York State, Ocean energy resources, Oils and fats, Petroleum, Petroleum industry, Public contracts, Refuse as fuel, Service stations, Solar energy, Solid wastes, State and local government, Tax credits, Tax deductions, Tax exclusion, Tax incentives, Taxation, Taxation of foreign income, Tidal power, Transportation, Valuation, Wages, Water resources, Wind power
Latest Action: 02/28/2008 - Received in the Senate and Read twice and referred to the Committee on Finance. Bill TextTo amend the Internal Revenue Code of 1986 to provide tax incentives for the production of renewable energy and energy conservation. 2/27/2008--Passed House without amendment. (There is 1 other summary) (This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)Renewable Energy and Energy Conservation Tax Act of 2008 - Amends Internal Revenue Code provisions relating to renewable energy sources and energy conservation. Title I: Production Incentives - (Sec. 101) Extends through 2011 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 2009 in lieu of the current phaseout provisions for [...] show full description
Also tagged in: Business, Capital gains tax, Corporations, Finance, Free trade, Income tax, Manufacturing industries, Service industries, Space activities, Space commercialization, Stocks, Tariff, Tax exclusion, Taxation, Trade
Latest Action: 02/07/2008 - Referred to the House Committee on Ways and Means. Bill TextTo amend the Internal Revenue Code of 1986 to provide tax incentives for investing in companies involved in space-related activities. 2/7/2008--Introduced. Zero Gravity, Zero Tax Act of 2008 - Amends the Internal Revenue Code to: (1) exclude from gross income space-related income from products or articles produced, or services provided, in or from outer space; (2) allow an investment tax credit for the purchase of stock in a space company that |
