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New Options Petroleum Energy Conservation Act of 2006

Introduced: May 11, 2006 See on congress.gov
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This bill died when the 109th Congress ended
It never became law before the 109th Congress (2005–2006) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 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
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 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.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 5
 Cosponsors 1
All 1 Democratic 1
D
Costa, Jim
California · May 11, 2006
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 5375: New Options Petroleum Energy Conservation Act of 2006. 109th Congress. Open America. https://openamerica.io/bill/109-HR-5375/
MLA
"H.R. 5375: New Options Petroleum Energy Conservation Act of 2006." 109th Congress, 2026, Open America, https://openamerica.io/bill/109-HR-5375/.
Bluebook (legal)
H.R. 5375, 109th Cong. (2026), https://openamerica.io/bill/109-HR-5375/.
Markdown link
[H.R. 5375: New Options Petroleum Energy Conservation Act of 2006](https://openamerica.io/bill/109-HR-5375/)
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