S 1601 · 110th Congress · Taxation

Energy Infrastructure Tax Reform and Incentives Act of 2007

Introduced 2007-06-12· Sponsored by Sen. Hagel, Chuck [R-NE]· Senate

Bill Progress

Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Finance.(2007-06-12)

Plain Language Summary

[AI summary unavailable — showing source text] Energy Infrastructure Tax Reform and Incentives Act of 2007 - Amends the Internal Revenue Code to: (1) treat income and gains from certain electric transmission property as qualifying income of a publicly traded partnership; (2) allow accelerated depreciation of qualified energy management devices, cellulosic biomass ethanol plant property, coal-to-liquid plant property, and dedicated ethanol pipelines; (3) allow a tax credit for pollution abatement equipment; (4) modify certain rules and definitions relating to clean renewable energy bonds; (5) extend through 2013 the tax credit for producing electricity from renewable resources; and (6) allow an energy tax credit for investment in thermal storage systems or daylight dimming technologies.…

Summarized by Claude AI · Non-partisan · For informational purposes only