S. 962 · 109th Congress
Clean Energy Bonds Act of 2005
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Never voted on. It didn't reach a floor vote before the 109th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
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GrassleySponsor20 cosponsors · 10 D, 10 R
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Baucus
JB
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Bingaman
JB
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Bunning
KC
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Conrad
NC
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Coleman
CH
R
Hagel
TJ
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Johnson
BN
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Nelson
TH
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Harkin
DF
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Feinstein
MP
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Pryor
RL
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Lugar
KS
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Salazar
GS
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Smith
BD
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Dorgan
SC
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Chambliss
JI
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Isakson
ME
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Enzi
GA
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Allen
JT
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Thune8 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Clean Energy Bonds Act of 2005 - Amends the Internal Revenue Code to allow holders of clean energy bonds a nonrefundable tax credit of 25 percent of an annual credit amount as determined by the Secretary of the Treasury.
What it does: CRS summary · Introduced in Senate · Apr 28, 2005
Clean Energy Bonds Act of 2005 - Amends the Internal Revenue Code to allow holders of clean energy bonds a nonrefundable tax credit of 25 percent of an annual credit amount as determined by the Secretary of the Treasury. Defines "clean energy bond" as any bond issued by a clean energy bond lender, a cooperative electric company, a governmental body, or the Tennessee Valley Authority (TVA) that is used for capital expenditures for specified projects for producing electricity from certain renewable resources, such as wind, biomass, solar energy, small irrigation power, and municipal solid waste.
Sets forth rules for maturity limitations, arbitrage, and expenditures, including a requirement that 95 percent of proceeds from the sale of a bond issue be spent on a renewable resource project within five years from the date of a bond issuance. Terminates the authority to issue clean energy bonds after 2008.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Clean Energy Bonds Act of 2005
Latest action (Apr 28, 2005): Referred to the Committee on Finance.
Policy area: Taxation · Origin: Senate · Introduced: Apr 28, 2005
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.