H.R. 6552, The Incentivizing Renewable Energy Production Act of 2008

• This item is from the 110th Congress (2007-2008) and is no longer current. Comments, voting, and wiki editing have been disabled, and the cost/savings estimate has been frozen.

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H.R. 6552 would provide incentives for the reduction of green house gases.

Detailed Summary

Incentivizing Renewable Energy Production Act of 2008 - Amends the Energy Policy Act of 2005 to allow loan guarantees for closed-loop ethanol plants.

Amends the Internal Revenue Code to: (1) allow a tax credit for the production of livestock-derived renewable energy; (2) allow an increased tax credit for research expenses relating to any clean-burning fuel and closed-loop system (including any anaerobic digester); (3) allow a tax credit for the production of biomaterials from certain renewable resources; and (4) increase the tax credit for alternative fuel vehicle refueling property expenditures.

Amends the Energy Independence and Security Act of 2007 to: (1) require the Secretary of Energy to establish a program to support development in biofuel technologies; and (2) authorize appropriations through FY2019 for the grant program for the production of advanced biofuels.

Directs the Secretary of Commerce to make publicly available at least 100 hydrogen fueling pumps at retail gas stations by 2014 in specified regions of the United States.

Authorizes appropriations for the purchase of fuel cell vehicles by the federal government in FY2012-FY2014.

Amends the Rules of the House of Representatives to require committee reports to include a domestic energy impact statement prepared by the Comptroller General.

Status of the Legislation

Latest Major Action: 7/17/2008: Referred to House committee. Status: Referred to the Committee on Ways and Means, and in addition to the Committees on Oversight and Government Reform, Rules, Energy and Commerce, and Science and Technology, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Points in Favor

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Points Against

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