S 1595
109th Congress
Senate
Taxation
Depreciation and amortization
Electric power
Electric utilities
Electric utility rates
Energy
Income tax
Tax deductions
A bill to amend the Internal Revenue Code of 1986 to provide for a 3-year recovery period for depreciation of qualified energy management devices.
Introduced: July 29, 2005
Introduced by:
Cantwell, Maria
Democratic
· Washington
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 29, 2005
Read twice and referred to the Committee on Finance.
Jul 29, 2005
Introduced in Senate
Plain-English summary
Amends the Internal Revenue Code to assign a three-year recovery period for depreciation of qualified energy management devices placed in service before January 1, 2008. Defines "energy management device" as a meter or metering device to measure and record electricity usage data on a time-differentiated basis in at least four separate time segments per day.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1