H.R.1611 - Clean Energy Business Zone Act of 2011

To amend the Internal Revenue Code of 1986 to provide for the designation of Clean Energy Business Zones and for tax incentives for the construction of, and employment at, energy-efficient buildings and clean energy facilities, and for other purposes. view all titles (3)

All Bill Titles

  • Official: To amend the Internal Revenue Code of 1986 to provide for the designation of Clean Energy Business Zones and for tax incentives for the construction of, and employment at, energy-efficient buildings and clean energy facilities, and for other purposes. as introduced.
  • Short: Clean Energy Business Zone Act of 2011 as introduced.
  • Short: Clean Energy Empowerment Zone Act of 2011 as introduced.

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Introduced
 
House
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Senate
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President
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04/15/11
 
 
 
 
 
 
 

Official Summary

Clean Energy Business Zone Act of 2011 and the Clean Energy Empowerment Zone Act of 2011 - Amends the Internal Revenue Code to: (1) authorize the Secretary of the Treasury to designate 40 clean energy business zones between 2011 and 2014, (2) allow an increased tax credit for wages paid in

Official Summary

Clean Energy Business Zone Act of 2011 and the Clean Energy Empowerment Zone Act of 2011 - Amends the Internal Revenue Code to:
(1) authorize the Secretary of the Treasury to designate 40 clean energy business zones between 2011 and 2014,
(2) allow an increased tax credit for wages paid in such a zone,
(3) allow a work opportunity tax credit for wages paid to an employee in such a zone,
(4) allow financing of any qualified Green building or clean energy facility with clean renewable energy bonds,
(5) allow increased expensing of property in such a zone, and
(6) allow an exclusion from gross income of gain from the sale or exchange or any clean energy business zone asset held for more than five years. Amends the Small Business Act and the Small Business Investment Act of 1958 to waive loan fees for qualified Green building and clean energy facility loans made before 2022.

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