U.S. Congress - H.R.5977 Heat is Power Act
H.R.5977 - Heat is Power Act
To amend the Internal Revenue Code of 1986 to provide tax incentives for producing electricity from wasted heat. view all titles (2)
All Bill Titles
- Official: To amend the Internal Revenue Code of 1986 to provide tax incentives for producing electricity from wasted heat. as introduced.
- Short: Heat is Power Act as introduced.
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Official Summary
7/29/2010--Introduced.Heat is Power Act - Amends the Internal Revenue Code to allow through 2016: (1) an energy tax credit for investment in wasted heat to electricity property; and (2) a tax credit for the production of electricity from renewable resources for wasted heat. Defines "wOfficial Summary
7/29/2010--Introduced.Heat is Power Act - Amends the Internal Revenue Code to allow through 2016:(1) an energy tax credit for investment in wasted heat to electricity property; and
(2) a tax credit for the production of electricity from renewable resources for wasted heat. Defines "wasted heat to electricity property" as property comprising a system which generates electricity through the recovery of a qualified wasted heat resource (e.g., exhaust heat or flared gas from any industrial process or waste gas or industrial tail gas, but not a heat resource from a process whose primary purpose is the generation of electricity using a fossil fuel).
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