HR 550
110th Congress
House
Taxation
Air conditioning
Commerce
Depreciation and amortization
Energy
Energy conservation
Energy efficiency
Energy storage
Fuel cells
Heating
Housing and Community Development
Income tax
Investment tax credit
Lighting
Minimum tax
Solar energy
Tax credits
Tax deductions
Securing America's Energy Independence Act of 2007
Introduced: January 18, 2007
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 18, 2007
Referred to the House Committee on Ways and Means.
Jan 18, 2007
Introduced in House
Plain-English summary
Securing America's Energy Independence Act of 2007 - Amends the Internal Revenue Code to extend through 2016: (1) the energy tax credit for solar energy property and qualified fuel cell property; and (2) the tax credit for residential energy efficient property expenditures. Allows such credits to be applied against alternative minimum tax liability.
Includes advanced energy storage systems as energy property for purposes of the tax credit. Provides for a special credit amount for solar photovoltaic energy property and residential energy efficient property based upon kilowatt capacity.
Allows accelerated depreciation (three-year recovery period) for solar energy and fuel cell property.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1