SMART Energy Act

[AI summary unavailable — showing source text] Sound Management of America's Resources and Technologies for Energy Act of 2009 or the SMART Energy Act - Amends the Federal Power Act to: (1) provide for investment in and construction of an interstate Energy Superhighway administered by the Federal Energy Regulatory Commission (FERC); (2) authorize recovery of costs associated with incremental transfer capabilities to facilitate renewable energy development; and (3) revise the coordination of federal authorizations for interstate electric transmission facilities. Amends the Internal Revenue Code to: (1) impose an excise tax on crude oil or natural gas removed from the Outer Continental Shelf and establish in the Treasury the Energy Security Trust Fund to hold and expend revenues from such tax; (2) allow a new tax credit for production of biogas and syngas from renewable feedstocks; (3) allow a new tax credit through 2011 for the purchase of certain fuel-efficient motor vehicles; (4) increase the national megawatt capacity limitation for the tax credit for energy production from advanced nuclear power facilities; and (5) allow accelerated depreciation of facilities placed in service before 2021 that use nuclear power to produce el…