Skip to main content
HR 5375 109th Congress House Energy Acid rain Agricultural wastes Agriculture and Food Air pollution control Alcohol as fuel Automobile engines Automobile industry Awards, medals, prizes Biomass energy Carbon dioxide Climate change and greenhouse gases Commemorations Commerce Depreciation and amortization Diesel motor Electric batteries Energy conservation Energy crops Energy efficiency

New Options Petroleum Energy Conservation Act of 2006

Introduced: May 11, 2006 See on congress.gov
Sign in to write a letter Sign in to watch
 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 16, 2006
Referred to the Subcommittee on Energy.
May 15, 2006
Referred to the Subcommittee on Energy and Air Quality, for a period to be subsequently determined by the Chairman .
May 11, 2006
Referred to the Committee on Ways and Means, and in addition to the Committees on Science, and Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
May 11, 2006
Introduced in House
 Plain-English summary Congressional Research Service

New Options Petroleum Energy Conservation Act of 2006 - Amends the Internal Revenue Code to include any climate neutral combustion resource as a qualified energy resource for purposes of the tax credit for producing electricity from renewable sources. Defines "climate neutral combustion resource" as any facility which: (1) captures and uses carbon dioxide released during combustion to recover hydrocarbon fuel; (2) produces no emissions of mercury or greenhouse gases and no emissions that form fine particles, smog, or acid rain; and (3) is owned by the taxpayer and is placed in service after 2006.

Extends through 2011 the tax credits for investment in solar energy property and for residential energy efficient property.

Directs the Secretary of Energy to establish a program to award $1 billion to the first U.S. automobile manufacturer who manufactures and sells in the United States 60,000 midsized sedans which operate on gasoline and can travel at 100 miles per gallon.

Authorizes appropriations for the development of advanced lithium ion battery technology.

Allows a taxpayer election to expense biofuel refining property

What's happening now May 16, 2006

Referred to the Subcommittee on Energy.

 Committees of jurisdiction 5
 Cosponsors 1
All 1 Democratic 1