H.R. 6133, To amend the Internal Revenue Code of 1986 to extend and modify the renewable energy production tax credit and the solar energy and fuel cell investment tax credit

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H.R. 6133 would amend the Internal Revenue Code of 1986 to extend and modify the renewable energy production tax credit and the solar energy and fuel cell investment tax credit.

Detailed Summary

Amends the Internal Revenue Code to: (1) extend through 2013 the tax credit for producing electricity from wind, open and closed-loop biomass, geothermal or solar energy, small irrigation power, landfill gas, trash combustion, refined coal, and hydropower facilities; (2) include marine and hydrokinetic renewable energy as a resource eligible for such credit; (3) extend through 2017 the investment tax credit for solar, fuel cell, and microturbine property; (4) repeal the dollar per kilowatt limitation for fuel cell property for purposes of the investment tax credit; and (5) allow public utility property to qualify for the investment tax credit.

Status of the Legislation

Latest Major Action: 5/22/2008: Referred to House committee. Status: Referred to the House Committee on Ways and Means.

Points in Favor

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Points Against

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