Clean Energy Tax Stimulus Act of 2008

To amend the Internal Revenue Code of 1986 to provide for the limited continuation of clean energy production incentives and incentives to improve energy efficiency in order to prevent a downturn in these sectors that would result from a lapse in the tax law.

5/7/2008--Introduced.
Clean Energy Tax Stimulus Act of 2008 - Amends the Internal Revenue Code to extend certain tax incentives for energy production and conservation. Extends through 2009 the tax credit for the production of electricity from renewable resources (e.g., biomass, geothermal energy, landfill gas, and trash combustion). Includes marine and hydrokinetic renewable energy as a renewable resource eligible for such credit. Allows sales of electricity produced from renewable resources to regulated public utilities. Extends through 2016 the energy investment tax credit for solar energy, fuel cell, and microturbine property. Repeals the dollar per kilowatt limitation for fuel cell property under the energy investment tax credit. Allows public electric utilities to qualify for such credit. Extends through 2009 the tax credit for residential energy efficient property expenditures. Repeals the $2,000 limitation on the tax credit for solar electric property. Allows an offset against the alternative minimum tax (AMT) of tax credit amounts. Extends through 2009 the tax credit for investment in clean renewable energy bonds. Increases the national limitation amount for such bonds.
Extends through 2009 deferral provisions relating to the recognition of gain by certain electric utilities. Extends through 2009 the tax credit for nonbusiness energy property. Includes residential biomass fuel stoves (pellet stoves) as eligible energy property for purposes of such credit.
Extends through 2010 the tax credit for energy efficient new homes. Extends through 2009 the tax deduction for energy efficient commercial buildings and increases the allowable amount of such deduction.
Extends the tax credit for energy efficient appliances to include appliances produced in 2008, 2009, and 2010. Revises and updates energy efficiency standards for such appliances in accordance with the Energy Independence and Security Act of 2007.


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Sponsor

• Rep. Roscoe Bartlett [R, MD-6]
• and 90 Co-Sponsors
  • Rep. Spencer Bachus [R, AL-6]
  • Rep. Judy Biggert [R, IL-13]
  • Rep. Marsha Blackburn [R, TN-7]
  • Rep. Roy Blunt [R, MO-7]
  • Rep. John Boehner [R, OH-8]
  • Rep. Mary Bono Mack [R, CA-45]
  • Rep. Charles Boustany [R, LA-7]
  • Rep. Michael Burgess [R, TX-26]
  • Rep. Dan Burton [R, IN-5]
  • Rep. Ken Calvert [R, CA-44]
  • Rep. David Camp [R, MI-4]
  • Rep. John Campbell [R, CA-48]
  • Rep. Eric Cantor [R, VA-7]
  • Rep. Michael Castle [R, DE-0]
  • Rep. K. Michael Conaway [R, TX-11]
  • Rep. Joe Courtney [D, CT-2]
  • Rep. Barbara Cubin [R, WY-0]
  • Rep. David Davis [R, TN-1]
  • Rep. Geoff Davis [R, KY-4]
  • Rep. Charles Dent [R, PA-15]
  • Rep. Mario Diaz-Balart [R, FL-25]
  • Rep. John Doolittle [R, CA-4]
  • Rep. David Dreier [R, CA-26]
  • Rep. John Duncan [R, TN-2]
  • Rep. Vernon Ehlers [R, MI-3]
  • Rep. Philip English [R, PA-3]
  • Rep. Terry Everett [R, AL-2]
  • Rep. Mary Fallin [R, OK-5]
  • Rep. James Forbes [R, VA-4]
  • Rep. Trent Franks [R, AZ-2]
  • Rep. Rodney Frelinghuysen [R, NJ-11]
  • Rep. Elton Gallegly [R, CA-24]
  • Rep. E. Scott Garrett [R, NJ-5]
  • Rep. Jim Gerlach [R, PA-6]
  • Rep. Wayne Gilchrest [R, MD-1]
  • Rep. John Gingrey [R, GA-11]
  • Rep. Kay Granger [R, TX-12]
  • Rep. Ralph Hall [R, TX-4]
  • Rep. Robin Hayes [R, NC-8]
  • Rep. Dean Heller [R, NV-2]
  • Rep. Walter Herger [R, CA-2]
  • Rep. Peter Hoekstra [R, MI-2]
  • Rep. Bob Inglis [R, SC-4]
  • Rep. Timothy Johnson [R, IL-15]
  • Rep. Walter Jones [R, NC-3]
  • Rep. Jack Kingston [R, GA-1]
  • Rep. Mark Kirk [R, IL-10]
  • Rep. John Kuhl [R, NY-29]
  • Rep. Ray LaHood [R, IL-18]
  • Rep. Steven LaTourette [R, OH-14]
  • Rep. Jerry Lewis [R, CA-41]
  • Rep. Ron Lewis [R, KY-2]
  • Rep. Donald Manzullo [R, IL-16]
  • Rep. Michael McCaul [R, TX-10]
  • Rep. Thaddeus McCotter [R, MI-11]
  • Rep. Cathy McMorris Rodgers [R, WA-5]
  • Rep. Candice Miller [R, MI-10]
  • Rep. Marilyn Musgrave [R, CO-4]
  • Rep. Sue Myrick [R, NC-9]
  • Rep. Randy Neugebauer [R, TX-19]
  • Rep. Ronald Paul [R, TX-14]
  • Rep. Steven Pearce [R, NM-2]
  • Rep. Mike Pence [R, IN-6]
  • Rep. Thomas Petri [R, WI-6]
  • Rep. Joseph Pitts [R, PA-16]
  • Rep. Todd Platts [R, PA-19]
  • Rep. Jon Porter [R, NV-3]
  • Rep. Adam Putnam [R, FL-12]
  • Rep. George Radanovich [R, CA-19]
  • Rep. Ralph Regula [R, OH-16]
  • Rep. Dave Reichert [R, WA-8]
  • Rep. Michael Rogers [R, MI-8]
  • Rep. Peter Roskam [R, IL-6]
  • Rep. Jean Schmidt [R, OH-2]
  • Rep. John Shadegg [R, AZ-3]
  • Rep. John Shimkus [R, IL-19]
  • Rep. Adrian Smith [R, NE-3]
  • Rep. Lamar Smith [R, TX-21]
  • Rep. Mark Souder [R, IN-3]
  • Rep. Lee Terry [R, NE-2]
  • Rep. Todd Tiahrt [R, KS-4]
  • Rep. Patrick Tiberi [R, OH-12]
  • Rep. Frederick Upton [R, MI-6]
  • Rep. James Walsh [R, NY-25]
  • Rep. Zach Wamp [R, TN-3]
  • Rep. David Weldon [R, FL-15]
  • Rep. Heather Wilson [R, NM-1]
  • Rep. Rob Wittman [R, VA-1]
  • Rep. C. W. Bill Young [R, FL-10]
  • Rep. Donald Young [R, AK-0]
  close

Committees

• House Ways and Means

Amendments

This bill has no amendments.

Amendments to H.R.5984

Number	Status	Purpose

Bill Status

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Introduced		Voted on by House		Voted on by Senate		Considered By President		Bill Becomes Law
May 07, 2008

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All Bill Actions

• May 07, 2008: Referred to the House Committee on Ways and Means.
• Introduced on May 07, 2008.

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Related Bills:

• S.2821

Related Issue Areas:

• Wind power
• Water resources
• Tax deferral
• Tax deductions
• 31 more
• Tax credits
• Standards
• Solid wastes
• Solar energy
• Refuse as fuel
• Minimum tax
• Methane
• Landfills
• Irrigation
• Investment tax credit
• Income tax
• Incineration
• Hydroelectric power
• Hydroelectric plants
• Housing
• Geothermal resources
• Fuel cells
• Finance
• Environmental protection
• Energy efficiency
• Energy
• Electric utilities
• Electric power transmission
• Electric power production
• Electric appliances
• Clean coal technology
• Capital gains tax
• Bonds
• Biomass energy
• Alternative energy sources
• Taxation

Data from the Congressional Research Service

In the News

May 09, 2008 Bipartisan Companion for Extension of Renewable Energy Tax Credits ...

Congressman Roscoe Bartlett (R-MD) and 34 other members of the US House of Representatives have introduced HR 5984, a bipartisan companion to S. 2821, ...

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Source: RenewableEnergyWorld.com, NH

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Blog Coverage

July 03, 2008 Congress Watch: Clean Energy Tax Stimulus Act of 2008

Currently this bill has been introduced in both the Senate (S. 2821 by Senators Maria Cantwell (D-WA) and John Ensign (R-NV) and has 44 cosponsors) and the House of Representatives (HR 5984 Congressman Roscoe G. Bartlett, ...

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Source: greencareercentral

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June 22, 2008 Tax Extension

Tax Extension Deadline 2008 He helped introduce as an original cosponsor, HR 5984, the Clean Energy Tax Stimulus Act of 2008, which includes a reauthorized extension of the CREBs. The House has yet to consider HR 5984, but Congressman ...

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Source: Tax Extension

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June 13, 2008 An Update on the Renewable Energy and Energy Efficiency Tax Credits (H.R. 5984, H.R. 6049, and S. 2821)–Rejected, but…

The Senate today rejected the part of House bill H.R. 6049 that would have extended the renewable energy and energy efficiency tax credits that would otherwise expire at the end of this year. (Vote lists under the fold). However, this is NOT the LAST po

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Source: Alternative Fuels Now

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