H.R.2392 - Clean Energy Incentives Act107th Congress (2001-2002)
Summary: H.R.2392 — 107th Congress (2001-2002)
Clean Energy Incentives Act - Amends the Internal Revenue Code, with respect to renewable and alternative energy, alternative fuels and energy efficient vehicles, energy efficiency and conservation, and energy generation and management.
Introduced in House (06/28/2001)
Provides for: (1) a five year extension for the renewable resource credit for qualified facilities; (2) alternative resources (solar, biomass, incremental hydropower and geothermal, and geothermal energy) to qualify for the renewable resource credit; (3) a tradable resource credit for public utilities and other tax exempt organizations; (4) an extension of the deduction for certain refueling property; and (5) an energy efficient commercial building deduction.
Provides tax credits for the following: (1) an alternative motor vehicle; (2) the retail sale of alternative fuels (compressed natural gas, liquefied natural gas, liquefied petroleum gas, hydrogen, and fuel which is at least 85 percent methanol) as motor vehicle fuel; (3) the installation of alternative (clean) fueling stations; (4) property to convert waste to fuel; (5) construction of new highly energy efficient homes; (6) energy efficient appliances; (7) adjustable speed drives; (8) energy efficient recycling or remanufacturing equipment; (9) distributed energy generation and demand property (specified solar, geothermal, energy efficient building, and other property) used in business; (10) distributed energy generation and demand property (specified photovoltaic, solar water heating, wind energy, fuel cell, and energy efficient property) used in residences; (11) energy management systems using residential real time metering systems; and (12) and flywheel property.