3.0.0 3119 2019-11-15T21:57:54Z 2019-11-15T21:57:54Z Senate S S 2008-06-12 110 ssfi00 Finance Committee Senate Standing Referred to 2008-06-12T14:38:57Z 2008-06-12 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2008-06-12 Sponsor introductory remarks on measure. (CR S5594-5595) IntroReferral B00100 9 Library of Congress 2008-06-12 Introduced in Senate IntroReferral 10000 9 Library of Congress C001035 Sen. Collins, Susan M. [R-ME] Susan Collins R ME M. N Economics and Public Finance Agriculture and Food Alternative energy sources Authorization Biomass energy Bonds Corporations Depreciation and amortization Diesel motor Dislocated workers Electric power production Energy Energy conservation Energy efficiency Energy prices Environmental Protection Families Finance and Financial Sector Foreclosure Geothermal resources Governmental investigations Heating Home ownership Housing and Community Development Incineration Income tax Infrastructure Infrastructure (Economics) Interstate highway system Irrigation Labor and Employment Mortgages Municipal solid waste Refuse as fuel Restaurants Single family housing Solar energy Standards Tax credits Tax deductions Taxation Transportation and Public Works Trucks Water Resources Development Wind power Youth employment Economics and Public Finance 00 2008-06-12 Introduced in Senate 2008-08-14T19:29:23Z Economic Recovery Act of 2008 - Amends the Internal Revenue Code to: (1) allow a tax credit for up to $500 of the cost of replacing wood stoves in residences with stoves that meet certain energy efficiency standards; (2) extend through 2011 the tax credit for producing electricity from certain renewable resources; (3) extend through 2012 the tax credit for residential energy efficient property expenditures; (4) increase and make permanent the expensing allowance for depreciable business property; (5) extend through 2009 the accelerated depreciation of qualified restaurant property; and (6) allow a tax credit for investment in Build America bonds.

Amends the Energy Conservation and Production Act to increase funding for the weatherization program in FY2009-FY2011. Authorizes appropriations for the Energy Star program.

Authorizes the establishment of the Transportation Finance Corporation to issue Build America bonds and finance transportation infrastructure projects.

Commercial Truck Fuel Savings Demonstration Act of 2008 - Establishes a two-year program to allow certain heavy trucks to travel on the federal interstate highway system when diesel fuel prices are $3.50 or more per gallon without a reduction of federal highway funds to states.

Amends the Workforce Investment Act of 1998 to authorize appropriations for FY2009-FY2010 for: (1) youth activities; (2) adult employment and training activities; and (3) dislocated worker employment and training activities.

Amends the National Housing Act to require the Secretary of Housing and Urban Development (HUD) to insure any homeownership retention mortgage covering a one- to four-family residence made to pay or prepay outstanding obligations under an existing mortgage.

]]> Economic Recovery Act of 2008 Short Titles as Introduced Economic Recovery Act of 2008 Short Titles as Introduced for portions of this bill Commercial Truck Fuel Savings Demonstration Act of 2008 Display Title Economic Recovery Act of 2008 Official Title as Introduced A bill to stimulate the economy by encouraging energy efficiency, infrastructure and workforce investment, and homeownership retention, and by amending the Internal Revenue Code of 1986 to provide certain business tax relief and incentives, and for other purposes. Introduced in Senate 2008-06-12T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110s3119is/xml/BILLS-110s3119is.xml 2008-06-12 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.