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HR 5952 111th Congress House Taxation Business investment and capital Electric power generation and transmission Income tax credits Solid waste and recycling

To amend the Internal Revenue Code of 1986 to allow a credit for installation of composite, recyclable power line poles.

Introduced: July 29, 2010 Introduced by: Davis, Danny K. Democratic · Illinois See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 29, 2010
Sponsor introductory remarks on measure. (CR E1479)
Jul 29, 2010
Introduced in House
Jul 29, 2010
Referred to the House Committee on Ways and Means.
 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to allow: (1) a 30% qualifying advanced energy project tax credit for investment in utility poles or supports made from composite materials which are comprised of at least 15% recycled materials and are fully recyclable; and (2) a business-related tax credit for a qualified composite pole placed in service after December 31, 2010, and before January 1, 2016. Defines "qualified composite pole" as any pole which is used to support one or more wires to transmit or distribute electricity, which is comprised of not more than 85% virgin materials, and not less than 90% of which can be recycled.

What's happening now July 29, 2010

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1