HR 780 102th Congress House Taxation Commuting Electricity Energy conservation Energy policy Energy tax credits Environmental Protection Geothermal power plants Income tax Investment tax credit Mass rapid transit Public utilities Solar power plants Tax exclusion Van pools Water conservation Wind power

Renewable Energy and Energy Efficiency Tax Act of 1991

Introduced: February 4, 1991 See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Feb 4, 1991

Referred to the House Committee on Ways and Means.

Feb 4, 1991

Introduced in House

Plain-English summary Congressional Research Service

Renewable Energy and Energy Efficiency Tax Act of 1991 - Amends the Internal Revenue Code to allow an investment tax credit for renewable electricity which is generated and sold by a qualified taxpayer within the United States using solar, wind, or geothermal energy and which is not used by the taxpayer or a related person. Allows the use of such credit for a ten-year period.

Excludes from gross income employer-provided transportation using a commuter highway vehicle (van pooling) and mass transit between the employee's residence and place of employment. Limits such exclusion to $75 per month.

Excludes from gross income the amount or value of any subsidy provided by a public utility to a customer in connection with the purchase, installation, use, or maintenance of any energy or water conservation measure or for energy savings delivered by such measures. Disallows any other deduction or credit for such subsidy.

What's happening now February 4, 1991

Referred to the House Committee on Ways and Means.

Committees of jurisdiction 1