To amend the Internal Revenue Code of 1986 to expand the renewable resources production tax credit to include additional forms of renewable energy, and to expand the investment tax credit to include equipment used to produce electricity from renewable resources.
Sets forth qualifying dates of service for facilities using such means to produce electricity.
Expands the investment tax credit to include equipment used to produce electricity from certain renewable resources.
Increases, from 10 to 20 percent, the "energy percentage" used to determine the energy credit in the case of energy property having a total installed electrical generating capacity of less than one megawatt that is placed in service before January 1, 2009.
Introduced in House
Introduced in House
Sponsor introductory remarks on measure. (CR E320)
Referred to the House Committee on Ways and Means.
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