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S 962 109th Congress Senate

Clean Energy Bonds Act of 2005

Official title: A bill to amend the Internal Revenue Code of 1986 to allow a credit to holders of qualified bonds issued to finance certain energy projects, and for other purposes.

Introduced: June 16, 2005 Introduced by: Grassley, Chuck Republican · Iowa See on congress.gov
Taxation Agriculture and FoodAlternative energy sourcesBiomass energyBonds
More subjectsShow fewer subjects
Economics and Public FinanceEnergyEnvironmental ProtectionFinance and Financial SectorGovernment securitiesIncome taxIrrigationMunicipal solid wasteRefuse as fuelSolar energyTax creditsTennessee Valley developmentWater Resources DevelopmentWind power
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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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 28, 2005
Referred to the Committee on Finance.
Apr 28, 2005
Sponsor introductory remarks on measure. (CR S4573-4574)
Apr 28, 2005
Introduced in Senate
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 Latest action April 28, 2005

Referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

Clean Energy Bonds Act of 2005 - Amends the Internal Revenue Code to allow holders of clean energy bonds a nonrefundable tax credit of 25 percent of an annual credit amount as determined by the Secretary of the Treasury. Defines "clean energy bond" as any bond issued by a clean energy bond lender, a cooperative electric company, a governmental body, or the Tennessee Valley Authority (TVA) that is used for capital expenditures for specified projects for producing electricity from certain renewable resources, such as wind, biomass, solar energy, small irrigation power, and municipal solid waste.

Sets forth rules for maturity limitations, arbitrage, and expenditures, including a requirement that 95 percent of proceeds from the sale of a bond issue be spent on a renewable resource project within five years from the date of a bond issuance. Terminates the authority to issue clean energy bonds after 2008.

 Related & companion bills 1
  • HR 2794 Identical bill Clean Energy Bonds Act of 2005
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Republican 1
R
Thune, John
South Dakota · Jul 20, 2005
Isakson, Johnny
· Jun 16, 2005
Cite this page click to expand
APA
U.S. Congress. (2026). S. 962: Clean Energy Bonds Act of 2005. 109th Congress. Open America. https://openamerica.io/bill/109-S-962/
MLA
"S. 962: Clean Energy Bonds Act of 2005." 109th Congress, 2026, Open America, https://openamerica.io/bill/109-S-962/.
Bluebook (legal)
S. 962, 109th Cong. (2026), https://openamerica.io/bill/109-S-962/.
Markdown link
[S. 962: Clean Energy Bonds Act of 2005](https://openamerica.io/bill/109-S-962/)
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