HR 2812
112th Congress
House
Taxation
Alternative and renewable resources
Electric power generation and transmission
Income tax credits
Oil and gas
Heat is Power Act
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 5, 2011
Referred to the House Committee on Ways and Means.
Aug 5, 2011
Introduced in House
Plain-English summary
Heat is Power Act - Amends the Internal Revenue Code to allow through 2017: (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
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1