3.0.0 3349 2019-11-15T21:57:51Z 2019-11-15T21:57:51Z Senate S S 2008-07-28 110 ssfi00 Finance Committee Senate Standing Referred to 2008-07-28T21:50:23Z Fulfilling U.S. Energy Leadership Act of 2008 110 6817 HR 2008-10-03 Referred to the Subcommittee on General Farm Commodities and Risk Management. Related bill CRS 2008-07-28 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2008-07-28 Sponsor introductory remarks on measure. (CR S7575-7576) IntroReferral B00100 9 Library of Congress 2008-07-28 Introduced in Senate IntroReferral 10000 9 Library of Congress C001035 Sen. Collins, Susan M. [R-ME] Susan Collins R ME M. N Taxation Agriculture and Food Air pollution control Alternative energy sources Automobile engines Bicycles Biomass energy Bonds Building construction Cellulose Climate change and greenhouse gases Coal Cogeneration of electric power and heat Commerce Commuting Congress Congressional reporting requirements Corn Depreciation and amortization Diesel motor Economics and Public Finance Electric appliances Electric power production Electric utility rates Electric vehicles Energy Energy assistance for the poor Energy conservation Energy efficiency Environmental Protection Excise tax Fuel cells Geothermal resources Government lending Government trust funds Heating Housing and Community Development Hydroelectric power Incineration Income tax Investment tax credit Irrigation Landfills Marine and coastal resources, fisheries Ocean energy resources Public Lands and Natural Resources Refuse as fuel Service stations Social Welfare Solar energy Standards Tax credits Tax deductions Tax exclusion Tax rates Transportation and Public Works Trucks Water Resources Development Wind power Wood Taxation 00 2008-07-28 Introduced in Senate 2008-08-26T18:50:11Z Energy Assistance Act of 2008 - Amends the Energy Conservation and Production Act to authorize appropriations for FY2009-FY2011 for the home weatherization program.

Establishes in the Treasury the Energy Assistance Fund to finance low interest loans for the purchase and installation of energy efficient property, idling reduction devices and advanced insulation for heavy trucks, and alternative refueling stations.

Amends the Internal Revenue Code to allow individual taxpayers a tax credit, up to $500, for the cost of replacing a residential wood stove with: (1) a wood-burning stove that complies with current Environmental Protection Agency (EPA) standards; and (2) a pellet or corn-burning stove.

Extends the tax credit for producing electricity from wind facilities through 2009 and the credit for closed and open-loop biomass, geothermal, small irrigation, hydropower, landfill gas, and trash combustion facilities through 2011. Includes marine and hydrokinetic renewable energy as a renewable resource for purposes of such tax credit.

Extends the energy tax credit for solar, fuel cell, and microturbine property and the tax credit for residential energy efficient property through 2014. Allows a new investment tax credit for combined heat and power system property.

Provides funding for new clean renewable energy bonds to finance electricity production from certain renewable resources and for qualified energy conservation bonds.

Allows tax credits for investment in advanced coal electricity and coal gasification projects.

Extends through 2018 the temporary increase in coal excise taxes. Sets forth special rules for refunds of coal excise taxes to certain producers or exporters.

Directs the Secretary of the Treasury to identify and report on provisions of the Internal Revenue Code that have the largest effects on carbon and other greenhouse gas emissions and to estimate the magnitude of those effects.

Allows accelerated depreciation for certain property used to produce cellulosic biofuel.

Extends through 2009 income and excise tax credits for biodiesel and renewable diesel.

Allows a tax credit for new qualified plug-in electric drive motor vehicles.

Exempts from the heavy truck excise tax idling reduction devices and certain insulation.

Excludes from gross income reimbursements for bicycle commuting expenses.

Increases and extends through 2010 the tax credit for alternative fuel vehicle refueling property expenditures.

Extends through 2008 the tax credit for nonbusiness energy property. Allows a tax credit for the installation of a biomass fuel burning stove in a residence.

Extends through 2013 the tax deduction for expenditures for energy efficient commercial buildings.

Revises and extends the tax credit for energy efficient household appliances produced after 2007.

Allows accelerated depreciation for smart electric meters and grid systems.

Extends through FY2012 tax-exempt bond financing for qualified green building and sustainable design projects.

]]> Energy Assistance Act of 2008 Short Titles as Introduced Energy Assistance Act of 2008 Display Title Energy Assistance Act of 2008 Official Title as Introduced A bill to increase energy assistance for low-income persons, to extend energy tax incentives, and for other purpose. Introduced in Senate 2008-07-28T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110s3349is/xml/BILLS-110s3349is.xml 2008-07-28 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.