S 1212
107th Congress
Senate
Taxation
Business income tax
Commerce
Electric power production
Electric utility rates
Energy
Energy efficiency
Energy prices
Income tax
Personal income tax
Tax credits
Smart Metering Promotion Act of 2001
Introduced: July 20, 2001
Introduced by:
Cantwell, Maria
Democratic
· Washington
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 20, 2001
Read twice and referred to the Committee on Finance.
Jul 20, 2001
Introduced in Senate
Plain-English summary
Smart Metering Promotion Act of 2001 - Amends the Internal Revenue Code to allow tax credits, determined according to specified formulae, for qualified energy management devices and retrofitted qualified meters interconnected by the taxpayer with other devices in a manner that permits reading of energy price and usage signals on at least an hourly basis.
Defines a qualified energy management device as equipment, systems, software, and related devices which allow electric energy or natural gas consumers, suppliers, and service providers to manage the purchase, sale, and use of electricity or natural gas in response to energy price and usage signals, in order to improve the efficiency of energy and energy facility utilization.
Defines qualified retrofitted meter as an electric energy or natural gas meter or metering device that has been modified by the addition of such equipment.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1