Read twice and referred to the Committee on Finance.
Congressional Research Service
Official summary
Version 00 · Introduced in Senate · Nov 20, 1993
TABLE OF CONTENTS: Title I: Incentives for Renewable Energy Resources Title II: Incentives to Promote Energy Conservation Energy and Environment Tax Act of 1993 - Title I: Incentives for Renewable Energy Resources - Amends the Internal Revenue Code to allow a portion of the alcohol fuels credit to offset the tentative minimum tax. Allows the use of energy tax credits when computing the regular tax and the alternative minimum tax. Allows an alcohol fuels credit for the production of biodiesel fuel. Excludes from gross income the alcohol fuels credit attributable to biodiesels and certain ethanol-based ethers. Includes certain small wind turbine equipment as energy property for purposes of the energy credit. Title II: Incentives to Promote Energy Conservation - Allows electric or gas utilities a deduction for energy conservation expenditures. Makes certain trucks, vans, and buses ineligible for the credit for electric vehicle costs. Allows taxpayers primarily engaged in a farming-related business an investment tax credit for a percentage of: (1) the costs of agricultural environmental property; and (2) the amount allowed as a deduction for soil and water conservation expenditures. Extends the existing deduction for the cost of pollution abatement property to plants or property in operation before January 1, 1994. (Current provision only applies to plants or property in operation before January 1, 1976.)
No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.
Source last updated: Aug 26, 2025. Consult Congress.gov for the current record.
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