http://www.washingtonwatch.com/bills info@washingtonwatch.com http://www.pjdoland.com/chai/?v=0.1 http://www.washingtonwatch.com/bills/history/110_HR_2652.html?rev=4751 <p>H.R. 2652 would amend the Internal Revenue Code of 1986 to generate renewable energy and encourage novel technologies related to the production of energy.</p> <h2 id="toc0"> Detailed Summary </h2> <p>Generating Renewable Energy and Encouraging Novel Technologies Act of 2007 - Amends Internal Revenue Code provisions relating to renewable energy and other energy-related tax incentives.</p> <p>Allows current year expensing for: (1) wind, solar, geothermal, biomass, and ocean energy property used to produce electricity; (2) qualified fuel cell or microturbine property; (3) oil shale extraction and processing property; and (4) coal-to-liquid fuels process property.</p> <p>Extends eligibility for clean renewable energy bonds (CREBs) and the issuance authority for such bonds through 2018.</p> <p>Extends through 2018: (1) the tax credit for investment in solar energy and qualified fuel cell property; (2) the income and excise tax credits for alcohol used as fuel and for alternative fuels; (3) the tax credit for nonbusiness energy property expenditures; and (4) the tax deduction for energy efficient commercial building expenditures.</p> <p>Extends through 2016 the tax credit for residential energy efficient property expenditures and increases the amount of such credit.</p> <p>Allows accelerated depreciation for electric transmission or distribution property.</p> <p>Extends through 2017 the tax credit for using wind, solar, and geothermal resources to produce electricity.</p> <p>Allows new tax credits for: (1) producing electricity from ocean energy; (2) investment in cellulosic biomass ethanol plant property; (3) investment in oil shale extraction and processing property; (4) diesel used as fuel; and (5) investment in a coal-to-liquid fuels project.</p> <p>Revises tax credit amounts for certain energy efficient appliances (e.g., dishwashers, refrigerators) produced after 2007.</p> <p>Extends through 2040 the tax credit for producing electricity from advanced nuclear power facilities and increases the amounts of such credit.</p> <!--Leave in the 'summary' tags if you want the latest summary from the Congressional Research Service automatically to replace the text between the tags once it becomes available. --> <h2 id="toc1"> Status of the Legislation </h2> <p>Latest Major Action: 6/11/2007: Referred to House committee. Status: Referred to the House Committee on Ways and Means.</p> <!-- Leave in the 'status' tags if you want the latest reported status from THOMAS automatically to replace the text between the tags once it becomes available. --> <h2 id="toc2"> Points in Favor </h2> <p>(Log in to edit the wiki and be the first to show why the bill should pass!)<br /> <!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --> </p> <h2 id="toc3"> Points Against </h2> <p>(Log in to edit the wiki and be the first to show why the bill should not pass!)<br /> <!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --> </p> 4751@http://www.washingtonwatch.com Thu, 19 Jul 2007 00:00:00 EDT http://www.washingtonwatch.com/bills/history/110_HR_2652.html?rev=604 <p>H.R. 2652 would amend the Internal Revenue Code of 1986 to generate renewable energy and encourage novel technologies related to the production of energy.</p> <h2 id="toc4"> Detailed Summary </h2> <p>(Log in to edit the wiki and be the first to provide a detailed summary of the bill!)</p> <!--Leave in the 'summary' tags if you want the latest summary from the Congressional Research Service automatically to replace the text between the tags once it becomes available. --> <h2 id="toc5"> Status of the Legislation </h2> <p>(Log in to edit the wiki and be the first to update the status of the bill!)</p> <!-- Leave in the 'status' tags if you want the latest reported status from THOMAS automatically to replace the text between the tags once it becomes available. --> <h2 id="toc6"> Points in Favor </h2> <p>(Log in to edit the wiki and be the first to show why the bill should pass!)<br /> <!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --> </p> <h2 id="toc7"> Points Against </h2> <p>(Log in to edit the wiki and be the first to show why the bill should not pass!)<br /> <!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --> </p> 604@http://www.washingtonwatch.com Tue, 12 Jun 2007 00:00:00 EDT http://www.washingtonwatch.com/bills/history/110_HR_2652.html?rev=605 <p>H.R. 2652 would amend the Internal Revenue Code of 1986 to generate renewable energy and encourage novel technologies related to the production of energy.</p> <h2 id="toc8"> Detailed Summary </h2> <p>(Log in to edit the wiki and be the first to provide a detailed summary of the bill!)</p> <!--Leave in the 'summary' tags if you want the latest summary from the Congressional Research Service automatically to replace the text between the tags once it becomes available. --> <h2 id="toc9"> Status of the Legislation </h2> <p>Latest Major Action: 6/11/2007: Referred to House committee. Status: Referred to the House Committee on Ways and Means.</p> <!-- Leave in the 'status' tags if you want the latest reported status from THOMAS automatically to replace the text between the tags once it becomes available. --> <h2 id="toc10"> Points in Favor </h2> <p>(Log in to edit the wiki and be the first to show why the bill should pass!)<br /> <!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --> </p> <h2 id="toc11"> Points Against </h2> <p>(Log in to edit the wiki and be the first to show why the bill should not pass!)<br /> <!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --> </p> 605@http://www.washingtonwatch.com Tue, 12 Jun 2007 00:00:00 EDT http://www.washingtonwatch.com/bills/show/110_HR_2652.html 6/11/2007: Referred to House committee. Status: Referred to the House Committee on Ways and Means. 22111@http://www.washingtonwatch.com Mon, 11 Jun 2007 00:00:00 EDT http://www.washingtonwatch.com/bills/show/110_HR_2652.html 6/11/2007: Referred to House committee. Status: Referred to the House Committee on Ways and Means. 29137@http://www.washingtonwatch.com Mon, 11 Jun 2007 00:00:00 EDT