H.R. 1385 would amend the Internal Revenue Code of 1986 to improve and extend certain energy-related tax provisions.
Detailed Summary
EXTEND the Energy Efficiency Incentives Act of 2007 - Amends the Internal Revenue Code to: (1) allow individual taxpayers a tax credit for home energy efficiency expenditures; (2) extend the tax credits for nonbusiness energy and new energy efficient home expenditures through 2011; (3) extend the tax deduction for expenditures for energy efficient commercial buildings through 2012 and increase the amount of such deduction; (4) allow new tax deductions for expenditures for energy efficient low-rise buildings and for energy efficient property expenditures; and (5) allow a new tax credit for energy savings training and certification costs and certification equipment expenditures.
Status of the Legislation
Latest Major Action: 3/7/2007: Referred to House committee. Status: Referred to the House Committee on Ways and Means.
Points in Favor
(Log in to edit the wiki and be the first to show why the bill should pass!)
Points Against
(Log in to edit the wiki and be the first to show why the bill should not pass!)
Visitor Comments
There are currently no comments for this bill.