H.R. 2652 · 110th Congress
Generating Renewable Energy and Encouraging Novel Technologies Act of 2007
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Never voted on. It didn't reach a floor vote before the 110th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
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EnglishSponsor9 cosponsors · 2 D, 7 R
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Carnahan
MK
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Kaptur
RW
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Wittman
RK
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Kuhl
FU
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Upton
LT
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Terry
DM
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Manzullo
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McCotter
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Bono Mack0 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Generating Renewable Energy and Encouraging Novel Technologies Act of 2007 - Amends Internal Revenue Code provisions relating to renewable energy and other energy-related tax incentives.
What it does: CRS summary · Introduced in House · Jun 11, 2007
Generating Renewable Energy and Encouraging Novel Technologies Act of 2007 - Amends Internal Revenue Code provisions relating to renewable energy and other energy-related tax incentives.
Allows current year expensing for: (1) wind, solar, geothermal, biomass, and ocean energy property used to produce electricity; (2) qualified fuel cell or microturbine property; (3) oil shale extraction and processing property; and (4) coal-to-liquid fuels process property.
Extends eligibility for clean renewable energy bonds (CREBs) and the issuance authority for such bonds through 2018.
Extends through 2018: (1) the tax credit for investment in solar energy and qualified fuel cell property; (2) the income and excise tax credits for alcohol used as fuel and for alternative fuels; (3) the tax credit for nonbusiness energy property expenditures; and (4) the tax deduction for energy efficient commercial building expenditures.
Extends through 2016 the tax credit for residential energy efficient property expenditures and increases the amount of such credit.
Allows accelerated depreciation for electric transmission or distribution property.
Extends through 2017 the tax credit for using wind, solar, and geothermal resources to produce electricity.
Allows new tax credits for: (1) producing electricity from ocean energy; (2) investment in cellulosic biomass ethanol plant property; (3) investment in oil shale extraction and processing property; (4) diesel used as fuel; and (5) investment in a coal-to-liquid fuels project.
Revises tax credit amounts for certain energy efficient appliances (e.g., dishwashers, refrigerators) produced after 2007.
Extends through 2040 the tax credit for producing electricity from advanced nuclear power facilities and increases the amounts of such credit.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Generating Renewable Energy and Encouraging Novel Technologies Act of 2007
Latest action (Jun 11, 2007): Referred to the House Committee on Ways and Means.
Policy area: Taxation · Origin: House · Introduced: Jun 11, 2007
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.