U.S. Congress - H.R.1821 Clean Renewable Energy for Public Power Act of 2007
H.R.1821 - Clean Renewable Energy for Public Power Act of 2007
To amend the Internal Revenue Code of 1986 to modify the rules relating to clean energy renewable bonds. view all titles (2)
All Bill Titles
- Official: To amend the Internal Revenue Code of 1986 to modify the rules relating to clean energy renewable bonds. as introduced.
- Short: Clean Renewable Energy for Public Power Act of 2007 as introduced.
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Official Summary
3/29/2007--Introduced.Clean Renewable Energy for Public Power Act of 2007 - Amends Internal Revenue Code provisions allowing a tax credit for holders of clean renewable energy bonds (CREBs) to: (1) eliminate allocation limitations on such bonds; (2) reduce from 95 to 90% the amount of CREBOfficial Summary
3/29/2007--Introduced.Clean Renewable Energy for Public Power Act of 2007 - Amends Internal Revenue Code provisions allowing a tax credit for holders of clean renewable energy bonds (CREBs) to:
(1) eliminate allocation limitations on such bonds;
(2) reduce from 95 to 90% the amount of CREB proceeds required for capital expenditures;
(3) redefine "qualified project" and "public power entity" for CREB purposes;
(4) repeal the national limitation on CREBs and arbitrage rules applicable to such bonds; and
(5) extend through 2013 the authority for issuing CREBs.
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