US Congress Senate Bill 320 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 26 2009 - 25% progression, died in chamber
Action: 2009-01-26 - Read twice and referred to the Committee on Finance.
Text: Latest bill text (Introduced) [PDF]

Clean Energy Stimulus and Investment Assurance Act of 2009 - Amends the Internal Revenue Code to: (1) allow a new tax credit for investment in projects for manufacturing alternative energy equipment; (2) allow accelerated depreciation for smart meters and smart grid systems; (3) expand carrybacks and carryforwards of unused business tax credits; (4) extend the tax credit for producing electricity from renewable resources and expand such credit to include the production of thermal energy and zero carbon emissions resource facilities; (5) increase the national limitation for issuance of new clean renewable energy bonds; (6) allow expensing of manufacturing facilities for producing plug-in electric drive motor vehicles; (7) allow a tax credit for the cost of converting motor vehicles into plug-in electric drive motor vehicles; (8) extend through 2010 the tax credit for biodiesel and renewable diesel; (9) extend through 2014 the tax credit for alternative fuel vehicle refueling property expenditures; (10) increase the tax credit for residential energy efficient property expenditures; (11) allow an energy tax credit through 2016 for qualified energy storage air conditioner property; (12) extend through 2012 the tax credit for new energy efficient homes; (13) increase the tax deduction for energy efficient commercial buildings; (14) increase and extend the tax credit for nonbusiness energy property; (15) allow an energy tax credit for investment in green roofs; and (16) repeal limitations on the energy tax credit for property financed by subsidized energy financing.Authorizes appropriations for: (1) smart grid research and development; (2) the Bonneville Power Administration; (3) the plug-in electric drive motor vehicle program; (4) the energy storage competitiveness program; (5) advanced battery manufacturing; and (6) the energy efficient appliance rebate program and the Energy Star program.Amends the Energy Policy Act of 2005 to allow the federal government to enter into 30-year contracts for the purchase of electricity generated by renewable energy.

Clean Energy Stimulus and Investment Assurance Act of 2009

Sen. Maria Cantwell [D-WA]

Date	Chamber	Action
2009-01-26		Read twice and referred to the Committee on Finance.

SB271 (Related) 2009-01-15 - Read twice and referred to the Committee on Finance.

Type	Source
Summary	https://www.congress.gov/bill/111th-congress/senate-bill/320/all-info
Text	https://www.congress.gov/111/bills/s320/BILLS-111s320is.pdf