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HR 5977 111th Congress House Taxation Alternative and renewable resources Electric power generation and transmission Income tax credits Oil and gas

Heat is Power Act

Introduced: July 29, 2010 Introduced by: Tonko, Paul Democratic · New York 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 29, 2010
Referred to the House Committee on Ways and Means.
Jul 29, 2010
Introduced in House
 Plain-English summary Congressional Research Service

Heat is Power Act - Amends the Internal Revenue Code to allow through 2016: (1) an energy tax credit for investment in wasted heat to electricity property; and (2) a tax credit for the production of electricity from renewable resources for wasted heat. Defines "wasted heat to electricity property" as property comprising a system which generates electricity through the recovery of a qualified wasted heat resource (e.g., exhaust heat or flared gas from any industrial process or waste gas or industrial tail gas, but not a heat resource from a process whose primary purpose is the generation of electricity using a fossil fuel).

What's happening now July 29, 2010

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1