Preserving Our World's Energy and Resources Act of 2003

To amend the Internal Revenue Code of 1986 to expand the energy credit to include investment in property which produces energy from certain renewable sources and expenditures for cool roofing, and for other purposes.

Subjects

Energy

Summary

Preserving Our World's Energy and Resources Act of 2003 - Amends the Internal Revenue Code to include as energy property for purposes of claiming the energy (investment) credit equipment which uses wind to generate electricity and cool roof property.

Allows a nonrefundable personal credit for qualified renewable resource property (solar, wind, and geothermal) and qualified cool roof property.

Amends the Federal Power Act to require retail electric suppliers to comply with specified requirements concerning net metering.

Full Text

Legislative Actions

2003-03-25
Introduced in House
2003-03-25
Introduced in House
2003-03-25
Referred to the Committee on Ways and Means, and in addition to the Committee on Energy and Commerce, 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.
2003-03-25
Referred to the Committee on Ways and Means, and in addition to the Committee on Energy and Commerce, 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.
2003-03-25
Referred to the Committee on Ways and Means, and in addition to the Committee on Energy and Commerce, 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.
2003-04-10
Referred to the Subcommittee on Health, for a period to be subsequently determined by the Chairman.

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