Official Summary

6/28/2012--Introduced.Expanding Industrial Energy and Water Efficiency Incentives Act of 2012 - Amends the Internal Revenue Code to: (1) increase megawatt and horsepower capacity limitations for the combined heat and power system property energy tax credit; (2) allow new tax credits to imp

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Official Summary

6/28/2012--Introduced.Expanding Industrial Energy and Water Efficiency Incentives Act of 2012 - Amends the Internal Revenue Code to:
(1) increase megawatt and horsepower capacity limitations for the combined heat and power system property energy tax credit;
(2) allow new tax credits to improve advanced motor system energy efficiency, to replace chlorofluorocarbon (CFC) refrigerant chillers, and for investment in any qualifying efficient industrial process water use project; and
(3) allow an energy tax credit for investment in biomass heating property.

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