US SB2899 | 2009-2010 | 111th Congress

Status

Spectrum: Partisan Bill (Democrat 5-0)
Status: Introduced on December 17 2009 - 25% progression
Action: 2009-12-17 - Read twice and referred to the Committee on Finance.
Text: Latest bill text (Introduced) [PDF]

Summary

Renewable Energy Incentive Act - Amends the American Recovery and Reinvestment Act of 2009 to: (1) extend through 2012 grants 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; and (2) expand eligibility for such grants to public power utilities and qualified solar manufacturing project property. Defines "qualified solar manufacturing property" as any tangible personal property purchased to re-equip, expand, or establish a manufacturing facility for producing solar energy equipment to generate electricity. 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.

Tracking Information

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Title

Renewable Energy Incentive Act

Sponsors


History

DateChamberAction
2009-12-17 Read twice and referred to the Committee on Finance.
2009-12-17 Sponsor introductory remarks on measure. (CR S13386-13387)

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
HB5931 (Related) 2010-07-29 - Referred to House Energy and Commerce

Subjects


US Congress State Sources


Bill Comments

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