A bill to amend the Internal Revenue Code of 1986 to clarify the types of energy conservation subsidies provided by public utilities eligible for income exclusion.
Latest action · Jul 22, 2010 Read twice and referred to the Committee on Finance.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedJul 22, 2010
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Amends the Internal Revenue Code, with respect to the income tax exclusion for energy conservation subsidies, to define "subsidy" to include amounts received by a customer from a public utility to: (1) pay for electricity generated from an energy conservation measure under a net metering or net billing program; or (2) pay for renewable energy credits attributable to an energy conservation measure. Limits the excludable amount of any subsidy for renewable energy credits to $2,000 times the whole number of years worth of renewable energy credits that are sold by the customer.
Cosponsors 1
Members who signed on, in the order they did. All signed on Jul 22, 2010.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-NM | Tom Udall | Original | Jul 22, 2010 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| Senate | Finance Committee | Referred Jul 22, 2010 |
Actions 2
Everything that happened, newest first.
- Jul 22, 2010Introduced in Senate
- Jul 22, 2010Read twice and referred to the Committee on Finance.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 5839 | To amend the Internal Revenue Code of 1986 to clarify the types of energy conservation subsidies provided by public utilities eligible for income exclusion. | Identical bill | Jul 22, 2010 |
Titles 1
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- A bill to amend the Internal Revenue Code of 1986 to clarify the types of energy conservation subsidies provided by public utilities eligible for income exclusion.
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Jul 22, 2010Introduced in Senate
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
