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HR 5653 109th Congress House Taxation Alcohol as fuel Alternative energy sources Biomass energy Carbon dioxide Coal Coal preparation Commerce Depreciation and amortization Energy Energy facilities Environmental Protection Excise tax Income tax Investment tax credit Methane Minimum tax Oil shales Peat Petroleum refineries

Investment in Energy Independence Act of 2006

Introduced: June 20, 2006 See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 20, 2006
Referred to the House Committee on Ways and Means.
Jun 20, 2006
Introduced in House
 Plain-English summary Congressional Research Service

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.

What's happening now June 20, 2006

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1