A bill to amend the Internal Revenue Code of 1954 to provide for an energy conservation tax, to establish the Energy Development and Supply Trust Fund.

[AI summary unavailable — showing source text] Establishes the Energy Development and Supply Commission. States that the Commission may: (1) make such expenditures and enter into such contracts as it deems necessary; (2) promulgate regulations to carry out its functions; (3) procure the services of experts and consultants; (4) utilize the services of voluntary and uncompensated personnel who may be allowed transportation expenses, including per diem expenses, for individuals serving without pay; (5) purchase lands or interests therein; (6) purchase, rent, or lease office space; and (7) make grants with respect to any research program established or maintained under this Act. Directs the Commission to establish and maintain research, development, testing, and evaluation programs which shall seek to: (1) develop low-cost, environmentally sound energy sources and energy generation, transmission, and distribution processes for transportation, industrial, and residential use, and other areas, with primary emphasis on the development of all aspects of solar energy sources and new sources of energy for self-propelled vehicles; (2) develop processes and techniques of energy conservation for use in construction, transportation, and in t…