Investment in Energy Independence Act of 2006
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Investment in Energy Independence Act of 2006 - Amends the Internal Revenue Code to: (1) allow a tax credit for investment in coal-to-liquid fuels projects; (2) allow a taxpayer election to expense the cost of coal-to-liquid fuels process property and coal-fired facilities for the production of ethanol placed in service before 2016; (3) extend the election to expense oil and alternative fuel refineries until 2016; (4) include liquid fuel derived from oil shale extracted in the United States as an alternative fuel for excise tax purposes; (5) extend the excise tax credit for alternative fuels through FY2020; and (6) allow a 50% tax credit for enhanced oil recovery projects using qualified carbon dioxide.
Referred to the House Committee on Ways and Means.
- Introduced in House Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). H.R. 5653: Investment in Energy Independence Act of 2006. 109th Congress. Open America. https://openamerica.io/bill/109-HR-5653/
"H.R. 5653: Investment in Energy Independence Act of 2006." 109th Congress, 2026, Open America, https://openamerica.io/bill/109-HR-5653/.
H.R. 5653, 109th Cong. (2026), https://openamerica.io/bill/109-HR-5653/.
[H.R. 5653: Investment in Energy Independence Act of 2006](https://openamerica.io/bill/109-HR-5653/)