3.0.0 727 2019-11-15T21:52:43Z 2019-11-15T21:52:43Z Senate S S 2005-04-06 109 ssfi00 Finance Committee Senate Standing Referred to 2005-04-06T21:55:11Z 2005-04-06 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2005-04-06 Sponsor introductory remarks on measure. (CR S3296-3300) IntroReferral B00100 9 Library of Congress 2005-04-06 Introduced in Senate IntroReferral 10000 9 Library of Congress A000360 Sen. Alexander, Lamar [R-TN] Lamar Alexander R TN N J000177 Sen. Johnson, Tim [D-SD] TIM JOHNSON D SD 2005-04-06 True S000059 Sen. Santorum, Rick [R-PA] RICK SANTORUM R PA 2005-06-09 False Taxation Administrative procedure Agricultural wastes Agriculture and Food Air conditioning Air pollution control Alternative energy sources Biomass energy Building construction Carbon cycle Cellulose Climate change and greenhouse gases Coal Cogeneration of electric power and heat Commerce Condominium (Housing) Congress Congressional investigations Congressional reporting requirements Construction costs Construction industries Cooperative housing Corporation taxes Department of the Treasury Depreciation and amortization Electric appliances Electric power production Energy Energy conservation Energy crops Energy efficiency Environmental Protection Environmental assessment Farm manure Fuel cells Geothermal resources Government Operations and Politics Grain Heating Home repair and improvement Housing and Community Development Incineration Income tax Investment tax credit Irrigation Landfills Law Legumes Lighting Lumber trade Methane Mobile homes Municipal solid waste Natural gas Nitrogen oxides Paper and paper products Public Lands and Natural Resources Refrigeration Refuse as fuel Solar energy Sugar Sulphur dioxide Tax credits Tax deductions Tennessee Valley development Trees Water Resources Development Wind power Wood Taxation 00 2005-04-06 Introduced in Senate 2005-05-10T18:43:58Z Tax Incentives for the Natural Gas Price Reduction Act of 2005 - Amends the Internal Revenue Code to allow a tax credit for: (1) investment in combined heat and power system property; (2) 30 percent of qualified photovoltaic property or solar heating property expenditures, up to $7,500; (3) 20 percent of qualified fuel cell property installed in residences and businesses; (4) up to 20 percent for qualified energy efficiency improvements to existing homes; (5) the installation of energy efficient property installed in new homes; (6) energy efficient appliances; and (7) investment in qualifying gasification combined cycle technology facilities.

Increases the energy tax credit for solar equipment to 30 percent in 2006 through 2010.

Extends until 2007 the tax credit for the production of electricity from renewable resources.

Permits specified organizations, including tax-exempt organizations, public utilities, States and local governments, Indian tribal governments, or the Tennessee Valley Authority (TVA) to transfer tax credit amounts for investment in gasification combined cycle technology facilities to any person without regard to the tax-exempt status of such person.

Allows a tax deduction for the cost of energy efficient commercial building property. Limits the amount of such deduction to $1.50 times the square footage of the building.

]]> Tax Incentives for the Natural Gas Price Reduction Act of 2005 Short Titles as Introduced Tax Incentives for the Natural Gas Price Reduction Act of 2005 Display Title Tax Incentives for the Natural Gas Price Reduction Act of 2005 Official Title as Introduced A bill to provide tax incentives to promote the conservation and production of natural gas. Introduced in Senate 2005-04-06T04:00:00Z 2005-04-06 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.