HR 1611

112th CONGRESS
1st Session

H. R. 1611

To amend the Internal Revenue Code of 1986 to provide for the designation of Clean Energy Business Zones and for tax incentives for the construction of, and employment at, energy-efficient buildings and clean energy facilities, and for other purposes.

IN THE HOUSE OF REPRESENTATIVES

April 15, 2011

Mr. GRIMM (for himself and Mr. BARTLETT) introduced the following bill; which was referred to the Committee on Ways and Means, and in addition to the Committee on Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned


A BILL

To amend the Internal Revenue Code of 1986 to provide for the designation of Clean Energy Business Zones and for tax incentives for the construction of, and employment at, energy-efficient buildings and clean energy facilities, and for other purposes.

SECTION 1. SHORT TITLE.

SEC. 2. DESIGNATION OF CLEAN ENERGY BUSINESS ZONES AND TAX INCENTIVES WITH RESPECT TO SUCH ZONES.

`Subchapter Z--Clean Energy Business Zones

`Part I. Designation.

`Part II. Tax Benefits.

`PART I--DESIGNATION

`SEC. 1400V-1. DESIGNATION OF CLEAN ENERGY BUSINESS ZONES.

`PART II--TAX BENEFITS

`SEC. 1400V-2. TAX BENEFITS FOR CLEAN ENERGY BUSINESS ZONES.

`(aa) property which is substantially improved by the taxpayer before January 1, 2015, and

`(bb) any land on which such property is located.

`subchapter z. clean energy business zones.'.

SEC. 3. WAIVER OF SBA LOAN FEES.

END