A bill to amend the Internal Revenue Code of 1986 to allow a credit against income tax for certain energy-efficient property.
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S4640-4641)
Congressional Research Service
Official summary
Version 00 · Introduced in Senate · Apr 1, 2003
Amends the Internal Revenue Code to allow, through December 31, 2008, a limited credit for energy-efficient building property. Defines such property as a fuel cell power plant that: (1) generates electricity using an electrochemical process; (2) has an electricity-only generation efficiency greater than 30 percent; and (3) generates at least 0.5 kilowatt of electricity, using an electrochemical process.Allows, through December 31, 2008, a limited credit to an individual for nonbusiness energy-efficient building property (U.S. residential property) expenditures.
No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.
Source last updated: Jan 2, 2025. Consult Congress.gov for the current record.
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