Clean Energy Tax Stimulus Act of 2008

A bill 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.

4/3/2008--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 the energy investment tax credits for solar energy (through 2016) and for fuel cell and microturbine property (through 2017). 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.


... morehide bill summarySee Full Bill Text

Sponsor

• Sen. Maria Cantwell [D, WA]
• and 44 Co-Sponsors
  • Sen. Wayne Allard [R, CO]
  • Sen. John Barrasso [R, WY]
  • Sen. B. Evan Bayh [D, IN]
  • Sen. Joseph Biden [D, DE]
  • Sen. Barbara Boxer [D, CA]
  • Sen. Sherrod Brown [D, OH]
  • Sen. Richard Burr [R, NC]
  • Sen. Benjamin Cardin [D, MD]
  • Sen. C. Saxby Chambliss [R, GA]
  • Sen. Norm Coleman [R, MN]
  • Sen. Susan Collins [R, ME]
  • Sen. John Cornyn [R, TX]
  • Sen. Larry Craig [R, ID]
  • Sen. Christopher Dodd [D, CT]
  • Sen. Elizabeth Dole [R, NC]
  • Sen. Pete Domenici [R, NM]
  • Sen. John Ensign [R, NV]
  • Sen. Michael Enzi [R, WY]
  • Sen. Dianne Feinstein [D, CA]
  • Sen. Lindsey Graham [R, SC]
  • Sen. Charles Grassley [R, IA]
  • Sen. Orrin Hatch [R, UT]
  • Sen. Kay Hutchison [R, TX]
  • Sen. Tim Johnson [D, SD]
  • Sen. Amy Klobuchar [D, MN]
  • Sen. Mary Landrieu [D, LA]
  • Sen. Frank Lautenberg [D, NJ]
  • Sen. Carl Levin [D, MI]
  • Sen. Joseph Lieberman [I, CT]
  • Sen. Mel Martinez [R, FL]
  • Sen. Robert Menendez [D, NJ]
  • Sen. Lisa Murkowski [R, AK]
  • Sen. Patty Murray [D, WA]
  • Sen. Pat Roberts [R, KS]
  • Sen. Ken Salazar [D, CO]
  • Sen. Bernard Sanders [I, VT]
  • Sen. Charles Schumer [D, NY]
  • Sen. Gordon Smith [R, OR]
  • Sen. Olympia Snowe [R, ME]
  • Sen. Debbie Ann Stabenow [D, MI]
  • Sen. Ted Stevens [R, AK]
  • Sen. John Sununu [R, NH]
  • Sen. John Thune [R, SD]
  • Sen. John Warner [R, VA]
  close

Committees

• Senate Finance

Amendments

This bill has no amendments.

Amendments to S.2821

Number	Status	Purpose

Bill Status

Make a Bill Status Widget (Close help)

OpenCongress widgets allow you to display information about bills and issue areas on your own website or blog. First, select which bill or issue you want to track, then customize the appearance of the panel, and finally paste a simple chunk of HTML into your site. Now your community will have an easy, up-to-date way to track the status of important bills and issues in Congress.

Introduced		Voted on by Senate		Voted on by House		Considered By President		Bill Becomes Law
April 03, 2008

Show All Actions (2 actions)Hide Actions

All Bill Actions

• Apr 03, 2008: Read twice and referred to the Committee on Finance.
• Introduced on Apr 03, 2008.

---

Related Bills:

• H.R.5984

Related Issue Areas:

• Coal
• Wind power
• Water resources
• Tax deferral
• 32 more
• Tax deductions
• 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

Users tracking S.2821 (3) are also tracking:

Show More User Statistics... Hide User Statistics

In the News

We are not currently finding any news articles on this topic using our daily automated search of Google News. However, if you know of a relevant news article to display here, OpenCongress site editors have the ability to add it manually. Simply e-mail us the web address of this page and the web address of your suggested news article: We'll post relevant links as quickly as possible. Also, if this topic is important to you, you could write a letter to the editor -- if a news article refers this specific topic by name, a link to that news article is likely to appear here soon.

Blog Coverage

September 17, 2008 New Solar Power Plants

The US Senate is passing new laws, such as the Clean Energy Stimulus Act (S.2821), that will force each state to have to comply and rely on more natural resources for energy, while House Democrats are providing incentatives such as ...

Was this article useful? Yes or No

Source: Best Green Blog

Did you find this article useful? Your opinion counts - together, we're finding the very best news and blog coverage about Congress available on the web.

August 16, 2008 New Solar Power Plants

The US Senate is passing new laws, such as the Clean Energy Stimulus Act (S.2821), that will force each state to have to comply and rely on more natural resources for energy, while House Democrats are providing incentatives such as ...

Was this article useful? Yes or No

Source: Tennessee News

Did you find this article useful? Your opinion counts - together, we're finding the very best news and blog coverage about Congress available on the web.

July 02, 2008 National Wildlife Federation

Washington, DC (April 15, 2008) - The Senate Thursday voted 88 to 8 to attach the Cantwell-Ensign Clean Energy Tax Stimulus Act (S.2821) to a housing bill. The Cantwell-Ensign provisions would provide short-term extensions of key . ...

Was this article useful? Yes or No

Source: National Wildlife Federation

Did you find this article useful? Your opinion counts - together, we're finding the very best news and blog coverage about Congress available on the web.

22 more posts...
See most useful blog posts

Information made available by: