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]
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.
Title
Energy Efficiency Tax Incentives Act
Sponsors
Sen. Benjamin Cardin [D-MD] | Sen. Dianne Feinstein [D-CA] | Sen. Brian Schatz [D-HI] |
History
Date | Chamber | Action |
---|---|---|
2014-05-07 | Senate | Committee on Banking, Housing, and Urban Affairs Subcommittee on Economic Policy. Hearings held. |
2014-04-01 | Senate | Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1925-1933) |
2014-04-01 | Senate | Sponsor introductory remarks on measure. (CR S1925) |
Subjects
Administrative law and regulatory procedures
Alternative and renewable resources
Building construction
Business investment and capital
Congressional oversight
Department of the Treasury
Electric power generation and transmission
Energy efficiency and conservation
Income tax credits
Income tax deductions
Industrial facilities
Lighting and heating
Residential rehabilitation and home repair
Tax-exempt organizations
Taxation
Water use and supply
Alternative and renewable resources
Building construction
Business investment and capital
Congressional oversight
Department of the Treasury
Electric power generation and transmission
Energy efficiency and conservation
Income tax credits
Income tax deductions
Industrial facilities
Lighting and heating
Residential rehabilitation and home repair
Tax-exempt organizations
Taxation
Water use and supply
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/113th-congress/senate-bill/2189/all-info |
Text | https://www.congress.gov/113/bills/s2189/BILLS-113s2189is.pdf |