S 2739
113th Congress
Senate
Taxation
Alternative and renewable resources
Energy research
Income tax credits
Oil and gas
Securities
Biogas Investment Tax Credit Act of 2014
Introduced: July 31, 2014
Introduced by:
Schumer, Charles E.
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 31, 2014
Read twice and referred to the Committee on Finance.
Jul 31, 2014
Introduced in Senate
Plain-English summary
Biogas Investment Tax Credit Act of 2014 - Amends the Internal Revenue Code to allow: (1) an energy tax credit through 2019 for investment in qualified biogas property, and (2) financing of qualified biogas property with new clean renewable energy bonds. Defines "qualified biogas property" as property comprising a system which uses anaerobic digesters or other processes to convert biomas into a gas which consists of not less than 52% methane and which captures such gas for use as a fuel.
Directs the Secretary of the Treasury to enter into an agreement with the National Renewable Energy Laboratory to undertake a study of biogas and to submit a report to Congress on such study.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1