H.R. 5839 · 111th Congress
To amend the Internal Revenue Code of 1986 to clarify the types of energy conservation subsidies provided by…
Full title
To amend the Internal Revenue Code of 1986 to clarify the types of energy conservation subsidies provided by public utilities eligible for income exclusion.
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Never voted on. It didn't reach a floor vote before the 111th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
HeinrichSponsor2 cosponsors · 2 D
2 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Amends the Internal Revenue Code, with respect to the income tax exclusion for energy conservation subsidies, to define "subsidy" to include amounts received by a customer from a public utility to: (1) pay for electricity generated from an energy conservation measure under a net metering or net billing program; or (2) pay for renewable energy credits…
What it does: CRS summary · Introduced in House · Jul 22, 2010
Amends the Internal Revenue Code, with respect to the income tax exclusion for energy conservation subsidies, to define "subsidy" to include amounts received by a customer from a public utility to: (1) pay for electricity generated from an energy conservation measure under a net metering or net billing program; or (2) pay for renewable energy credits attributable to an energy conservation measure. Limits the excludable amount of any subsidy for renewable energy credits to $2,000 times the whole number of years worth of renewable energy credits that are sold by the customer.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: To amend the Internal Revenue Code of 1986 to clarify the types of energy conservation subsidies provided by public utilities eligible for income exclusion.
Latest action (Jul 22, 2010): Referred to the House Committee on Ways and Means.
Policy area: Taxation · Origin: House · Introduced: Jul 22, 2010
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.