U.S. Congress - S.1093 Solar Uniting Neighborhoods (SUN) Act of 2011
S.1093 - Solar Uniting Neighborhoods (SUN) Act of 2011
A bill to amend the Internal Revenue Code of 1986 to provide that solar energy property need not be located on the property with respect to which it is generating electricity in order to qualify for the residential energy efficient property credit. view all titles (2)
All Bill Titles
- Official: A bill to amend the Internal Revenue Code of 1986 to provide that solar energy property need not be located on the property with respect to which it is generating electricity in order to qualify for the residential energy efficient property credit. as introduced.
- Short: Solar Uniting Neighborhoods (SUN) Act of 2011 as introduced.
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Official Summary
5/26/2011--Introduced.Solar Uniting Neighborhoods (SUN) Act of 2011 - Amends the Internal Revenue Code to: (1) expand the definitions of "qualified solar electric property expenditure" and "qualified solar water heating property expenditure" to allow a residential energOfficial Summary
5/26/2011--Introduced.Solar Uniting Neighborhoods (SUN) Act of 2011 - Amends the Internal Revenue Code to:(1) expand the definitions of "qualified solar electric property expenditure" and "qualified solar water heating property expenditure" to allow a residential energy efficient property tax credit for solar energy property which is either installed in a taxpayer's residence or is located within 50 miles of such residence; and
(2) exclude from gross income, for income tax purposes, gain from the sale or exchange of electricity generated by solar energy property eligible for such tax credit.
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Organizations Supporting S.1093
- Vote Solar Initiative
Organizations Opposing S.1093
- None via MapLight at this time.
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