A bill to amend the Internal Revenue Code of 1986 to improve and extend certain energy-related tax provisions, and for other purposes.
EXTEND the Energy Efficiency Incentives Act of 2006 - Amends the Internal Revenue Code to: (1) to allow individual taxpayers a tax credit, through 2010, for residential energy efficiency expenditures certified to achieve certain levels of energy savings; (2) modify standards for nonbusiness energy property (i.e., air conditioners, heat pumps, water heaters, etc.) and extend the tax credit for such property through 2010; (3) revise the tax credit for solar electric and hot water property to include all technologies for solar-derived electricity; (4) extend through 2010 the tax credits for residential energy efficient property and new energy efficient homes; (5) extend through 2011 the tax deduction for energy efficient commercial buildings and increase the maximum amount of such deduction; (6) allow a tax deduction for energy efficient low-rise buildings (four stories or less); (7) extend through 2011 the investment tax credit for solar energy and fuel cell property; and (8) allow a business-related tax credit for qualified training and certification costs and equipment expenditures for certifying residential energy savings.
Introduced in Senate
Sponsor introductory remarks on measure. (CR S6809-6810)
Read twice and referred to the Committee on Finance.
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