Bill Text: NJ SJR39 | 2010-2011 | Regular Session | Introduced
Bill Title: Urges U.S. Congress to enact "Renewable Energy Incentive Act."
Spectrum: Bipartisan Bill
Status: (Introduced - Dead) 2010-05-20 - Introduced in the Senate, Referred to Senate Environment and Energy Committee [SJR39 Detail]
Download: New_Jersey-2010-SJR39-Introduced.html
Sponsored by:
Senator ROBERT W. SINGER
District 30 (Burlington, Mercer, Monmouth and Ocean)
Senator JEFF VAN DREW
District 1 (Cape May, Atlantic and Cumberland)
SYNOPSIS
Urges U.S. Congress to enact "Renewable Energy Incentive Act."
CURRENT VERSION OF TEXT
As introduced.
A Joint Resolution urging the United States Congress to enact the "Renewable Energy Incentive Act."
Whereas, Renewable energy has the ability to enhance energy independence in the United States, reduce emissions, lessen the negative impacts of global climate change, create millions of clean energy jobs, and lower energy costs, and solar energy is a vital component of New Jersey's renewable energy production; and
Whereas, In December 2009, Senator Feinstein of California introduced Senate Bill No. 2899, the "Renewable Energy Incentive Act," which would provide incentives for the development of solar energy; and
Whereas, The "Renewable Energy Incentive Act" would amend the "American Recovery and Reinvestment Act of 2009" to: (1) extend through 2012 grants for certain renewable energy property in lieu of tax credits; and (2) expand eligibility for such grants to public power utilities and qualified solar manufacturing project property; and
Whereas, The "Renewable Energy Incentive Act" would also amend the Internal Revenue Code of 1986 to: (1) allow an energy tax credit for investment in qualified solar manufacturing project property; (2) allow a tax credit for the purchase, consolidation, and use of contiguous high solarity disturbed private land to produce solar energy for use in a trade or business; and (3) expand the energy tax credit to include solar energy equipment used to heat a swimming pool located on commercial property; and
Whereas, New Jersey is second in the nation in solar energy installations, and is home to numerous solar manufacturers, including the largest manufacturer of solar thermal collectors and swimming pool heaters; and
Whereas, Consumers and businesses in the United States would mutually benefit from the passage of the "Renewable Energy Incentive Act"; and
Whereas, It is altogether fitting and proper and in the public interest for this Legislature and Governor to urge the United States Congress to enact the "Renewable Energy Incentive Act"; now, therefore,
Be It Resolved by the Senate and General Assembly of the State of New Jersey:
1. The Legislature and Governor of the State of New Jersey respectfully urge the United States Congress to enact Senate Bill No. 2899, the "Renewable Energy Incentive Act."
2. Duly authenticated copies of this joint resolution shall be transmitted to the President of the United States, the Majority and Minority leaders of the United States Senate, the Speaker and Majority and Minority leaders of the United States House of Representatives, and each member of Congress elected from this State.
3. This joint resolution shall take effect immediately.
STATEMENT
This joint resolution respectfully urges the United States Congress to enact Senate Bill No. 2899, the "Renewable Energy Incentive Act."
The "Renewable Energy Incentive Act" would amend the "American Recovery and Reinvestment Act of 2009" to: (1) extend through 2012 grants for certain renewable energy property in lieu of tax credits; and (2) expand eligibility for such grants to public power utilities and qualified solar manufacturing project property. It would also amend the Internal Revenue Code of 1986 to: (1) allow an energy tax credit for investment in qualified solar manufacturing project property; (2) allow a tax credit for the purchase, consolidation, and use of contiguous high solarity disturbed private land to produce solar energy for use in a trade or business; and (3) expand the energy tax credit to include solar energy equipment used to heat a swimming pool located on commercial property.
Renewable energy has the ability to enhance energy independence in the United States, reduce emissions, lessen the negative impacts of global climate change, create millions of clean energy jobs, and lower energy costs. These goals are shared and supported by the State of New Jersey and the "Renewable Energy Incentive Act." Solar energy is a vital component of New Jersey's renewable energy production since the State is second in the nation in solar energy installations and is home to numerous solar manufacturers, including the largest U.S. manufacturer of low-temperature solar thermal collectors, which are commonly used in heating residential and commercial swimming pools as well as for domestic hot water, agricultural and industrial process pre-heat applications.
