GovTrack’s Bill Summary
We don’t have a summary available yet.
Library of Congress Summary
The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.
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
The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.
No summary available.
House Democratic Caucus Summary
The House Democratic Caucus does not provide summaries of bills.
So, yes, we display the House Republican Conference’s summaries when available even if we do not have a Democratic summary available. That’s because we feel it is better to give you as much information as possible, even if we cannot provide every viewpoint.
We’ll be looking for a source of summaries from the other side in the meanwhile.