US HB5931 | 2009-2010 | 111th Congress

Status

Sponsorship: Partisan Bill (Democrat 11)
Status: Introduced on July 29 2010 - 25% progression, died in committee
Action: 2010-07-29 - Referred to House Energy and Commerce
Pending: House Energy And Commerce Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Renewable Energy Incentive Act - Amends the American Recovery and Reinvestment Act of 2009 to: (1) extend the grant program for investment in renewable energy property, including renewable resources used to produce electricity, and fuel cell, solar, wind, geothermal, and microturbine property, in lieu of tax credits, by extending the placed-in-service deadline for such property through 2012; and (2) expand eligibility for such grants to certain state power utilities and tax-exempt mutual or cooperative electric companies. Amends the Internal Revenue Code to: (1) allow an energy tax credit for investment in qualified solar manufacturing project property; (2) allow a tax credit for the purchase, consolidation, and use of contiguous high solarity disturbed private land to produce solar energy for use in a trade or business; and (3) limit the energy tax credit for solar energy equipment used to generate electricity or heat or cool a structure, as applied to swimming pools, to exclude those located at single-family residences. Defines "qualified solar manufacturing project property" as any tangible personal property purchased to re-equip, expand, or establish a manufacturing facility for producing solar energy equipment to generate electricity.

Tracking Information

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Title

Renewable Energy Incentive Act

Sponsors


History

DateChamberAction
2010-07-29 Referred to House Energy and Commerce
2010-07-29 Referred to House Ways and Means
2010-07-29 Referred to the Committee on Ways and Means, and in addition to the Committee on 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.

Same As/Similar To

HB3136 (Related) 2009-07-09 - Referred to the Subcommittee on Energy and Environment.
HB5252 (Related) 2010-05-06 - Referred to House Energy and Commerce
SB2899 (Related) 2009-12-17 - Read twice and referred to the Committee on Finance.

Subjects


US Congress State Sources


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