S. 320 (111th): Clean Energy Stimulus and Investment Assurance Act of 2009

Introduced:
Jan 26, 2009 (111th Congress, 2009–2010)
Sponsor:
Sen. Maria Cantwell [D-WA]
Status:
Died (Referred to Committee)

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 January 26, 2009, in a previous session of Congress, but was not enacted.

Progress
Introduced Jan 26, 2009
Referred to Committee Jan 26, 2009
Cosponsors
none
Committees

Senate Finance

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

Full Title

A bill to ensure that short- and long-term investment decisions critical to economic stimulus and job creation in clean energy are supported by Federal programs and reliable tax incentives.

Summary

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Text

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Last updated Jan 26, 2009.
54 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.

1/26/2009--Introduced.
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.

House Republican Conference Summary

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House Democratic Caucus Summary

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The bill contains the following citations to other parts of U.S. law:

United States Code

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