US HB1794 | 2009-2010 | 111th Congress

Status

Spectrum: Bipartisan Bill
Status: Introduced on March 30 2009 - 25% progression, died in committee
Action: 2009-04-01 - Referred to the Subcommittee on Energy and Environment.
Pending: House Subcommittee on Energy and Environment Committee
Text: Latest bill text (Introduced) [PDF]

Summary

New Options Petroleum Energy Conservation Act of 2009 - Amends the Internal Revenue Code to allow a tax credit for investment in a climate neutral combustion facility. Defines "climate neutral combustion facility" as any facility which: (1) burns matter to produce electricity; (2) captures and uses carbon dioxide released during combustion to recover hydrocarbon fuel; and (3) produces no emissions of mercury or greenhouse gasses and no emissions that form fine particulate, smog, or acid rain. Makes permanent the tax credits for investment in solar energy property and for residential energy efficient property expenditures. Directs the Secretary of Energy to establish a program to award $1 billion to the first U.S. automobile manufacturer who manufactures and sells in the United States 60,000 midsized sedans which operate on gasoline and can travel at 100 miles per gallon. Authorizes appropriations for the development of advanced lithium ion battery technology. Allows a taxpayer election to expense biofuel refining property.

Tracking Information

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Title

New Options Petroleum Energy Conservation Act of 2009

Sponsors


History

DateChamberAction
2009-04-01 Referred to the Subcommittee on Energy and Environment.
2009-03-31 Referred to the Subcommittee on Energy and Environment.
2009-03-30 Referred to House Energy and Commerce
2009-03-30 Referred to House Science and Technology
2009-03-30 Referred to House Ways and Means
2009-03-30 Referred to the Committee on Ways and Means, and in addition to the Committees on Science and Technology, and Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Subjects


US Congress State Sources


Bill Comments

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