S. 590 · 110th Congress
Securing America's Energy Independence 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.
R
SmithSponsor18 cosponsors · 13 D, 3 R, 2 I
R
Allard
MC
D
Cantwell
TK
D
Kennedy
JK
D
Kerry
FL
D
Lautenberg
JL
I
Lieberman
RL
R
Lugar
ML
D
Landrieu
BM
D
Menendez
OS
R
Snowe
KS
D
Salazar
RW
D
Wyden
DF
D
Feinstein
BS
I
Sanders
BB
D
Boxer
BC
D
Cardin
CD
D
Dodd
CS
D
Schumer12 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Securing America's Energy Independence Act of 2007 - Amends the Internal Revenue Code to extend through 2016: (1) the energy tax credit for solar energy property and qualified fuel cell property; and (2) the tax credit for residential energy efficient property expenditures. Allows such credits to be applied against alternative minimum tax liability.
What it does: CRS summary · Introduced in Senate · Feb 14, 2007
Securing America's Energy Independence Act of 2007 - Amends the Internal Revenue Code to extend through 2016: (1) the energy tax credit for solar energy property and qualified fuel cell property; and (2) the tax credit for residential energy efficient property expenditures. Allows such credits to be applied against alternative minimum tax liability.
Expands the definition of "energy property" for purposes of the tax credit to include certain equipment which uses solar energy to generate or store excess electricity.
Provides for a special credit amount for solar photovoltaic energy property and residential energy efficient property based upon kilowatt capacity.
Allows a tax credit for the full amount of qualified photovoltaic property expenditures (currently, limited to 30%).
Allows accelerated depreciation (three-year recovery period) for solar energy and fuel cell property.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Securing America's Energy Independence Act of 2007
Latest action (Feb 14, 2007): Read twice and referred to the Committee on Finance.
Policy area: Taxation · Origin: Senate · Introduced: Feb 14, 2007
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.