3.0.0 1516 2023-01-11T13:30:44Z 2023-01-11T13:30:44Z Senate S 2015-06-04 114 ssfi00 Finance Committee Senate Standing Referred to 2015-06-04T20:23:56Z POWER Act 114 2657 HR 2015-06-04 Referred to the House Committee on Ways and Means. Identical bill CRS 2015-06-04 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S3779-3780) IntroReferral 2015-06-04 Introduced in Senate IntroReferral 10000 9 Library of Congress C001035 Sen. Collins, Susan M. [R-ME] Susan Collins R ME M. N C001070 Sen. Casey, Robert P., Jr. [D-PA] Bob Casey D PA 2015-06-04 True R000146 Sen. Reid, Harry [D-NV] HARRY REID D NV M. 2015-06-18 False K000383 Sen. King, Angus S., Jr. [I-ME] Angus King I ME S. 2016-06-07 False Taxation Business investment and capital Energy efficiency and conservation Environmental technology Income tax credits Lighting and heating Lighting, heating, cooling Taxation 00 2015-06-04 Introduced in Senate 2015-07-08T20:44:17Z Power Efficiency and Resiliency Act or the POWER Act

Amends the Internal Revenue Code to: (1) allow a 30% energy tax credit for combined heat and power system property and increase the capacity limitations for such property, (2) extend until December 31, 2018, the placed-in-service deadline for such property, and (3) allow a 30% energy tax credit for waste heat to power property (property comprising a system generating electricity through the recovery of a qualified waste heat resource) placed in service before January 1, 2019.

Includes within the definition of "qualified waste heat resource": (1) exhaust heat or flared gas from any industrial process; (2) waste gas or industrial tail gas that would otherwise be flared, incinerated, or vented; and (3) a pressure drop in any gas for an industrial or commercial process. Excludes from such definition any heat resource from a process the primary purpose of which is the generation of electricity utilizing a fossil fuel or nuclear energy.

]]> POWER Act Display Title POWER Act Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to modify the energy credit to provide greater incentives for industrial energy efficiency. Introduced in Senate IS Short Titles as Introduced POWER Act Short Titles as Introduced Power Efficiency and Resiliency Act Introduced in Senate 2015-06-04T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114s1516is/xml/BILLS-114s1516is.xml 2015-06-04 Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S3779-3780) 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.