S 671
109th Congress
Senate
Taxation
Condominium (Housing)
Cooperative housing
Energy
Energy conservation
Energy efficiency
Fuel cells
Housing and Community Development
Income tax
Tax credits
A bill to amend the Internal Revenue Code of 1986 to allow a credit against income tax for certain fuel cell property.
Introduced: March 17, 2005
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 17, 2005
Read twice and referred to the Committee on Finance.
Mar 17, 2005
Introduced in Senate
Plain-English summary
Amends the Internal Revenue Code to allow a tax credit for energy-efficient building property. Limits the amount of such credit to the lesser of 30 percent (10 percent for other energy property) of the basis of such energy-efficient building property or $1,000 for each kilowatt of capacity of such property. Defines "energy-efficient building property" as a fuel cell power plant which generates at least 0.5 kilowatt of electricity using an electrochemical process.
Allows a similar tax credit for the installation of qualified energy-efficient building property in a taxpayer's residence. Terminates both tax credits after December 31, 2009.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1
Cosponsors
1