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Congressional Research Service
Version 00 · Introduced in House · May 6, 1993
TABLE OF CONTENTS: Title I: Incentives for Production and Use of Renewable Energy Sources Title II: Incentives to Promote Energy Efficiency Title III: Revenue Increases Renewables and Energy Efficiency Incentives Act of 1993 - Title I: Incentives for Production and Use of Renewable Energy Sources - Amends the Internal Revenue Code to allow energy tax credits to offset 25 percent of tentative minimum tax. Includes certain small wind turbine equipment as energy property for purposes of the energy credit. Makes lessees of electric facilities eligible for the credit for producing electricity from renewable resources. Title II: Incentives to Promote Energy Efficiency - Makes certain trucks, vans, and buses eligible for the deduction for clean-fuel vehicles. Denies any credit for which such deduction is allowable. Allows electric or gas utilities a deduction for energy conservation expenditures. Removes the limitation on the exclusion from gross income for nonresidential property for energy conservation subsidies provided by public utilities. Title III: Revenue Increases - Reduces the credit for ethanol blenders. Increases the Highway Trust Fund financing rate for determining the tax on gasoline mixed with alcohol at a refinery. Reduces such financing rate for methanol and ethanol fuels. Prohibits an exemption from tax for interest on any bond used to finance certain electric generating facilities. Repeals the tax-exempt status of electric companies. Imposes a security rate tax on petroleum. Limits the deduction for percentage depletion for oil and gas wells to their adjusted basis. Repeals the exception from passive loss limitations for working interests in oil and gas properties.
People & committees
Rep. McDermott, Jim [D-WA-7] · D–WA
Legislative record
A procedural vote is different from passage. Passage in one chamber does not establish enactment. Explore the glossary.
Subcommittee Hearings Held.
Referred to the Subcommittee on Select Revenue Measures.
Referred to the House Committee on Ways and Means.
Sponsor introductory remarks on measure. (CR E1182-1183)
Introduced in House
Introduced in House
Primary sources
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Source last updated: Aug 26, 2025. Consult Congress.gov for the current record.
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