HR 1397
109th Congress
House
Taxation
Commerce
Condominium (Housing)
Construction costs
Cooperative housing
Electric power production
Energy
Fuel cells
Housing and Community Development
Income tax
Tax credits
To amend the Internal Revenue Code of 1986 to allow a credit against income tax for certain energy-efficient property.
Introduced: March 17, 2005
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 17, 2005
Referred to the House Committee on Ways and Means.
Mar 17, 2005
Introduced in House
Plain-English summary
Amends the Internal Revenue Code to allow a tax credit for qualified fuel cell property. Limits the amount of such credit to 30 percent (10 percent for other energy property) of the basis of such fuel cell property up to a maximum of $500 for each 0.5 kilowatt of capacity of such property. Defines "qualified fuel cell property" as a fuel cell power plant which generates at least 0.5 kilowatt of electricity using an electrochemical process.
Allows a similar tax credit for the installation of qualified fuel cell property in a principal residence. Terminates both tax credits after December 31, 2009.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1