H.R. 4612 would amend the Internal Revenue Code of 1986 to provide an investment credit for electric generation facilities with climate neutral combustion.
Detailed Summary
Climate Neutral Electricity Generation Act of 2007 - Amends the Internal Revenue Code to allow a tax credit for investment in a climate neutral combustion facility. Defines "climate neutral combustion facility" as any facility which: (1) burns matter to produce electricity; (2) captures and uses carbon dioxide released during combustion to recover hydrocarbon fuel; and (3) produces no emissions of mercury or greenhouse gasses and no emissions that form fine particulate, smog, or acid rain
Status of the Legislation
Latest Major Action: 12/13/2007: 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.