US Congress Senate Bill 1068 (Prior Session Legislation)

---

Spectrum: Partisan Bill (Democrat 23-1)
Status: Introduced on May 8 2017 - 25% progression, died in committee
Action: 2017-05-08 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Clean Energy for America Act This bill amends the Internal Revenue Code to modify or replace several existing energy-related tax incentives to provide consolidated tax deductions and credits for the production of or investment in clean electricity, the production of clean transportation fuels, and energy efficient homes and commercial buildings. The new tax incentives are technology-neutral and the amounts of the credits or deductions vary based on the levels of carbon emissions for the incentives for electricity and fuels or energy efficiency in the case of the incentives for energy efficient homes and commercial buildings. The bill also establishes tax credits for certain bonds issued by a governmental body, a public power provider, or a cooperative electric company for facilities producing clean electricity or clean transportation fuels. The bill phases out the new tax incentives when annual greenhouse gas emissions in the United States have been reduced by at least 35%. In order to provide for a transition period for the new tax incentives, the bill temporarily extends several existing energy-related tax provisions. With respect to the existing qualifying advanced energy project credit, the Department of the Treasury must establish an additional qualifying advanced energy project program to consider and award certifications for qualified investments eligible for credits.

Clean Energy for America Act

Sen. Ron Wyden [D-OR]	Sen. Charles Schumer [D-NY]	Sen. Debbie Stabenow [D-MI]	Sen. Maria Cantwell [D-WA]
Sen. Robert Menendez [D-NJ]	Sen. Thomas Carper [D-DE]	Sen. Benjamin Cardin [D-MD]	Sen. Michael Bennet [D-CO]
Sen. Richard Durbin [D-IL]	Sen. Amy Klobuchar [D-MN]	Sen. Sheldon Whitehouse [D-RI]	Sen. Jeanne Shaheen [D-NH]
Sen. Kirsten Gillibrand [D-NY]	Sen. Christopher Coons [D-DE]	Sen. Brian Schatz [D-HI]	Sen. Martin Heinrich [D-NM]
Sen. Angus King [I-ME]	Sen. Tim Kaine [D-VA]	Sen. Cory Booker [D-NJ]	Sen. Tammy Duckworth [D-IL]
Sen. Margaret Hassan [D-NH]	Sen. Catherine Cortez Masto [D-NV]	Sen. Richard Blumenthal [D-CT]	Sen. Chris Van Hollen [D-MD]

Date	Chamber	Action
2017-05-08	Senate	Read twice and referred to the Committee on Finance.

Type	Source
Summary	https://www.congress.gov/bill/115th-congress/senate-bill/1068/all-info
Text	https://www.congress.gov/115/bills/s1068/BILLS-115s1068is.pdf