3.0.0 590 2023-01-11T19:58:08Z 2023-01-11T19:58:08Z Senate S S 2007-02-14 110 ssfi00 Finance Committee Senate Standing Referred to 2007-02-14T21:35:52Z Securing America's Energy Independence Act of 2007 110 550 HR 2007-01-18 Referred to the House Committee on Ways and Means. Related bill CRS 2007-02-14 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2007-02-14 Sponsor introductory remarks on measure. (CR S1970) IntroReferral B00100 9 Library of Congress 2007-02-14 Introduced in Senate IntroReferral 10000 9 Library of Congress S001142 Sen. Smith, Gordon H. [R-OR] GORDON SMITH R OR H. N S001163 Sen. Salazar, Ken [D-CO] Ken Salazar D CO 2007-02-14 True S000663 Sen. Snowe, Olympia J. [R-ME] Olympia Snowe R ME J. 2007-02-14 True M000639 Sen. Menendez, Robert [D-NJ] Robert Menendez D NJ 2007-02-14 True L000504 Sen. Lugar, Richard G. [R-IN] RICHARD LUGAR R IN GREEN 2007-02-14 True K000148 Sen. Kerry, John F. [D-MA] JOHN KERRY D MA FORBES 2007-02-14 True K000105 Sen. Kennedy, Edward M. [D-MA] EDWARD KENNEDY D MA MOORE 2007-02-14 True A000109 Sen. Allard, Wayne [R-CO] A. ALLARD R CO WAYNE 2007-02-14 True W000779 Sen. Wyden, Ron [D-OR] Ron Wyden D OR 2007-02-14 True L000304 Sen. Lieberman, Joseph I. [ID-CT] JOSEPH LIEBERMAN ID CT I. 2007-02-14 True L000123 Sen. Lautenberg, Frank R. [D-NJ] FRANK LAUTENBERG D NJ R. 2007-02-14 True C000127 Sen. Cantwell, Maria [D-WA] Maria Cantwell D WA 2007-02-14 True L000550 Sen. Landrieu, Mary L. [D-LA] MARY LANDRIEU D LA 2007-02-14 True F000062 Sen. Feinstein, Dianne [D-CA] Dianne Feinstein D CA 2007-03-08 False S000033 Sen. Sanders, Bernard [I-VT] Bernard Sanders I VT 2007-04-11 False B000711 Sen. Boxer, Barbara [D-CA] BARBARA BOXER D CA 2007-04-12 False C000141 Sen. Cardin, Benjamin L. [D-MD] Ben Cardin D MD 2007-05-03 False D000388 Sen. Dodd, Christopher J. [D-CT] CHRISTOPHER DODD D CT JOHN 2007-05-03 False S000148 Sen. Schumer, Charles E. [D-NY] Charles Schumer D NY E. 2007-06-07 False Taxation Air conditioning Commerce Depreciation and amortization Energy Energy conservation Energy efficiency Energy storage Fuel cells Heating Housing and Community Development Income tax Investment tax credit Lighting Minimum tax Solar energy Tax credits Tax deductions Taxation 00 2007-02-14 Introduced in Senate 2007-03-19T17:48:33Z Securing America's Energy Independence Act of 2007 - Amends the Internal Revenue Code to extend through 2016: (1) the energy tax credit for solar energy property and qualified fuel cell property; and (2) the tax credit for residential energy efficient property expenditures. Allows such credits to be applied against alternative minimum tax liability.

Expands the definition of "energy property" for purposes of the tax credit to include certain equipment which uses solar energy to generate or store excess electricity.

Provides for a special credit amount for solar photovoltaic energy property and residential energy efficient property based upon kilowatt capacity.

Allows a tax credit for the full amount of qualified photovoltaic property expenditures (currently, limited to 30%).

Allows accelerated depreciation (three-year recovery period) for solar energy and fuel cell property.

]]> Securing America's Energy Independence Act of 2007 Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to extend the investment tax credit with respect to solar energy property and qualified fuel cell property, and for other purposes. Introduced in Senate IS Display Title Securing America's Energy Independence Act of 2007 Short Titles as Introduced Securing America's Energy Independence Act of 2007 Introduced in Senate 2007-02-14T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110s590is/xml/BILLS-110s590is.xml 2007-02-14 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.