HR 5839
111th Congress
House
Taxation
Alternative and renewable resources
Energy efficiency and conservation
Income tax exclusion
Public utilities and utility rates
To amend the Internal Revenue Code of 1986 to clarify the types of energy conservation subsidies provided by public utilities eligible for income exclusion.
Introduced: July 22, 2010
Introduced by:
Heinrich, Martin
Democratic
· New Mexico
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 22, 2010
Referred to the House Committee on Ways and Means.
Jul 22, 2010
Introduced in House
Plain-English summary
Amends the Internal Revenue Code, with respect to the income tax exclusion for energy conservation subsidies, to define "subsidy" to include amounts received by a customer from a public utility to: (1) pay for electricity generated from an energy conservation measure under a net metering or net billing program; or (2) pay for renewable energy credits attributable to an energy conservation measure. Limits the excludable amount of any subsidy for renewable energy credits to $2,000 times the whole number of years worth of renewable energy credits that are sold by the customer.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1