S 1601 · 110th Congress · Taxation
Energy Infrastructure Tax Reform and Incentives Act of 2007
Bill Progress
✓
Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Read twice and referred to the Committee on Finance.(2007-06-12)
Plain Language Summary
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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