S. 2899 (111th): Renewable Energy Incentive Act

Introduced:
Dec 17, 2009 (111th Congress, 2009–2010)
Sponsor:
Sen. Dianne Feinstein [D-CA]
Status:
Died (Referred to Committee)
See Instead:

H.R. 5931 (same title)
Referred to Committee — Jul 29, 2010

The bill’s title was written by the bill’s sponsor. S. stands for Senate bill.

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Status

This bill was introduced on December 17, 2009, in a previous session of Congress, but was not enacted.

Progress
Introduced Dec 17, 2009
Referred to Committee Dec 17, 2009
Cosponsors
4 cosponsors (4D) (show)
Committees

Senate Finance

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

Full Title

A bill to amend the American Recovery and Reinvestment Act of 2009 and the Internal Revenue Code of 1986 to provide incentives for the development of solar energy.

Summary

No summaries available.

Text

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Last updated Dec 17, 2009.
9 pages

Primary Source

View on THOMAS (The Library of Congress)

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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.

12/17/2009--Introduced.
Renewable Energy Incentive Act - Amends the American Recovery and Reinvestment Act of 2009 to:
(1) extend through 2012 grants for investment in renewable energy property, including renewable resources used to produce electricity and fuel cell, solar, wind, geothermal, and microturbine property, in lieu of tax credits; and
(2) expand eligibility for such grants to public power utilities and qualified solar manufacturing project property.
Defines "qualified solar manufacturing property" as any tangible personal property purchased to re-equip, expand, or establish a manufacturing facility for producing solar energy equipment to generate electricity.
Amends the Internal Revenue Code 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) limit the energy tax credit for solar energy equipment used to generate electricity or heat or cool a structure, as applied to swimming pools, to exclude those located at single-family residences.

House Republican Conference Summary

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No summary available.

House Democratic Caucus Summary

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