H.R. 550 (110th): Securing America’s Energy Independence Act of 2007

Introduced:
Jan 18, 2007 (110th Congress, 2007–2009)
Sponsor:
Rep. Michael McNulty [D-NY21]
Status:
Died (Referred to Committee)
See Instead:

S. 590 (same title)
Referred to Committee — Feb 14, 2007

The bill’s title was written by the bill’s sponsor. H.R. stands for House of Representatives bill.

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Status

This bill was introduced on January 18, 2007, in a previous session of Congress, but was not enacted.

Progress
Introduced Jan 18, 2007
Cosponsors
123 cosponsors (73D, 50R) (show)
Committees

House Ways and Means

The committee chair determines whether a bill will move past the committee stage.

Full Title

To amend the Internal Revenue Code of 1986 to extend the investment tax credit with respect to solar energy property and qualified fuel cell property, and for other purposes.

Summary

No summaries available.

Text

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Last updated Jan 18, 2007.
9 pages

Primary Source

View on THOMAS (The Library of Congress)

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Citation

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

1/18/2007--Introduced.
Securing America's Energy Independence Act of 2007 - Amends the Internal Revenue Code to extend through 2016: (1) the energy tax credit for solar energy property and qualified fuel cell property; and (2) the tax credit for residential energy efficient property expenditures. Allows such credits to be applied against alternative minimum tax liability.
Includes advanced energy storage systems as energy property for purposes of the tax credit. Provides for a special credit amount for solar photovoltaic energy property and residential energy efficient property based upon kilowatt capacity. Allows accelerated depreciation (three-year recovery period) for solar energy and fuel cell property.

House Republican Conference Summary

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No summary available.

House Democratic Caucus Summary

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