Climate Change Technology Tax Incentives Act of 2005 - Amends the Internal Revenue Code to allow tax credits for: (1) investment in a greenhouse gas intensity reduction project; (2) production from advanced nuclear power facilities; and (3) investment in nuclear power facilities.
Authorizes the issuance of tax-exempt facility bonds for nuclear power facilities.
Expresses the sense of the Senate that: (1) the tax credit for electricity produced from certain renewable resources should be extended through 2010; and (2) the tax credit for increasing research activities should be increased and made permanent.
Terminates the tax credits proposed by this Act after 2010.
Introduced in Senate
Read twice and referred to the Committee on Finance.
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