US SB2189 | 2013-2014 | 113th Congress

Status

Spectrum: Partisan Bill (Democrat 3-0)
Status: Introduced on April 1 2014 - 25% progression, died in chamber
Action: 2014-05-07 - Committee on Banking, Housing, and Urban Affairs Subcommittee on Economic Policy. Hearings held.
Text: Latest bill text (Introduced) [PDF]

Summary

Energy Efficiency Tax Incentives Act - Amends the Internal Revenue Code to: (1) extend through 2016, and increase the maximum rate of, the tax deduction for energy-efficient commercial building expenditures; (2) allow a new tax deduction for the cost of retrofitting existing commercial and multifamily buildings; (3) allow a new tax credit, through 2016, for home energy efficiency improvements that increase energy efficiency by at least 20%; (4) extend through 2018 the tax credit for combined heat and power system property expenditures and increase the capacity limitations and credit percentages for systems with a higher efficiency rating; (5) allow an energy tax credit for investment in biomass heating property and for waste heat to power property (i.e., a system which generates electricity through the recovery of a qualified waste heat resource and is placed in service before January 1, 2019); (6) allow a new business-related tax credit for efficient advanced motor systems with adjustable speed capability; (7) allow a new business-related tax credit for replacement of large water-cooled refrigerant chillers that use environmentally harmful refrigerants; and (8) allow a new tax credit for expenditures to increase water use efficiency in the manufacturing sector.

Tracking Information

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Title

Energy Efficiency Tax Incentives Act

Sponsors


History

DateChamberAction
2014-05-07SenateCommittee on Banking, Housing, and Urban Affairs Subcommittee on Economic Policy. Hearings held.
2014-04-01SenateRead twice and referred to the Committee on Finance. (text of measure as introduced: CR S1925-1933)
2014-04-01SenateSponsor introductory remarks on measure. (CR S1925)

Subjects


US Congress State Sources


Bill Comments

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