109th CONGRESS
2d Session
H. R. 6291
To extend the incentives for clean and renewable energy and its
more efficient use.
IN THE HOUSE OF REPRESENTATIVES
September 29, 2006
Mrs. LOWEY introduced the following bill; which was referred to the Committee
on Ways and Means, and in addition to the Committee on Energy and Commerce,
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 extend the incentives for clean and renewable energy and its
more efficient use.
Be it enacted by the Senate and House of Representatives of the United
States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act shall be cited as the `Renewable Energy and Energy Efficiency Stimulus
Act of 2006'.
TITLE I--ENERGY TAX INCENTIVES
Subtitle A--Energy Infrastructure Tax Incentives
SEC. 101. EXTENSION OF CREDIT FOR ELECTRICITY PRODUCED FROM CERTAIN RENEWABLE
RESOURCES.
Section 45(d) of the Internal Revenue Code of 1986 (relating to qualified
facilities) is amended by striking `2008' each place it appears and inserting
`2011'.
SEC. 102. EXTENSION AND EXPANSION OF CREDIT TO HOLDERS OF CLEAN RENEWABLE
ENERGY BONDS.
(a) In General- Section 54(m) of the Internal Revenue Code of 1986 (relating
to termination) is amended by striking `2007' and inserting `2010'.
(b) Annual Volume Cap for Bonds Issued During Extension Period- Paragraph
(1) of section 54(f) of the Internal Revenue Code of 1986 (relating to limitation
on amount of bonds designated) is amended to read as follows:
`(1) NATIONAL LIMITATION-
`(A) INITIAL NATIONAL LIMITATION- With respect to bonds issued after
December 31, 2005, and before January 1, 2008, there is a national clean
renewable energy bond limitation of $800,000,000.
`(B) ANNUAL NATIONAL LIMITATION- With respect to bonds issued after
December 31, 2007, and before January 1, 2011, there is a national clean
renewable energy bond limitation for each calendar year of $800,000,000.'.
(c) Effective Date- The amendments made by this section shall apply to bonds
issued after the date of the enactment of this Act.
Subtitle B--Conservation and Energy Efficiency Provisions
SEC. 111. EXTENSION OF ENERGY EFFICIENT COMMERCIAL BUILDINGS DEDUCTION.
Section 179D(h) of the Internal Revenue Code of 1986 (relating to termination)
is amended by striking `2007' and inserting `2010'.
SEC. 112. EXTENSION OF NEW ENERGY EFFICIENT HOME CREDIT.
(a) In General- Subsection (g) of section 45L of the Internal Revenue Code
of 1986 (relating to new energy efficient home credit) is amended to read
as follows:
`(g) Termination- This section shall not apply to--
`(1) any qualified new energy efficient home meeting the energy saving
requirements of subsection (c)(1) acquired after December 31, 2010, and
`(2) any qualified new energy efficient home meeting the energy saving
requirements of paragraph (2) or (3) of subsection (c) acquired after
December 31, 2007.'.
(b) Effective Date- The amendment made by this section shall take effect
as if included in the amendments made by section 1332 of the Energy Policy
Act of 2005.
SEC. 113. EXTENSION OF RESIDENTIAL ENERGY EFFICIENT PROPERTY CREDIT.
Section 25D(g) of the Internal Revenue Code of 1986 (relating to termination)
is amended by striking `2007' and inserting `2010'.
SEC. 114. EXTENSION OF BUSINESS SOLAR INVESTMENT TAX CREDIT.
Sections 48(a)(2)(A)(i)(II) and 48(a)(3)(A)(ii) of the Internal Revenue
Code of 1986 (relating to termination) are each amended by striking `2008'
and inserting `2011'.
Subtitle C--Alternative Fuels and Vehicles Incentives
SEC. 121. EXTENSION OF EXCISE TAX PROVISIONS AND INCOME TAX CREDIT FOR
BIODIESEL AND ALTERNATIVE FUELS.
(a) Biodiesel- Sections 40A(g), 6426(c)(6), and 6427(e)(5)(B) of the Internal
Revenue Code of 1986 are each amended by striking `2008' and inserting `2010'.
(1) FUELS- Sections 6426(d)(4) and 6427(e)(5)(C) of the Internal Revenue
Code of 1986 are each amended by striking `September 30, 2009' and inserting
`December 31, 2010'.
(2) REFUELING PROPERTY- Section 30C(g) of such Code is amended by striking
`2009' and inserting `2010'.
(c) Effective Date- The amendments made by this section shall take effect
on January 1, 2007.
SEC. 122. EXCEPTION FROM DEPRECIATION LIMITATION FOR CERTAIN ALTERNATIVE
AND ELECTRIC PASSENGER AUTOMOBILES.
(a) In General- Paragraph (1) of section 280F(a) of the Internal Revenue
Code of 1986 (relating to limitation) is amended by adding at the end the
following new subparagraph:
`(D) SPECIAL RULE FOR CERTAIN ALTERNATIVE MOTOR VEHICLES AND QUALIFIED
ELECTRIC VEHICLES- Subparagraph (A) shall not apply to any motor vehicle
for which a credit is allowable under section 30 or 30B.'.
(b) Conforming Amendment- Subparagraph (C) of section 280F(a)(1) of the
Internal Revenue Code of 1986 is amended by striking clause (ii) and by
redesignating clause (iii) as clause (ii).
(c) Effective Date- The amendments made by this section shall apply to property
placed in service after the date of the enactment of this Act.
TITLE II--WEATHERIZATION ASSISTANCE
SEC. 201. PROGRAM.
(a) Establishment- The Secretary of Energy shall establish a program to
provide assistance to States for consultations with respect to weatherization
and energy efficiency of residences and small businesses. Under the program,
States shall provide information and recommendations for achieving greater
energy efficiency, but shall not provide equipment or labor to achieve energy
efficiency improvements.
(1) STATES- A State shall be eligible for assistance under this section
if it receives funding under the Low-Income Home Energy Assistance Act
of 1981 (42 U.S.C. 8621 et seq.).
(2) RECIPIENTS- Residential consultations shall be provided through the
program established under this section only with respect to residences
for which the household income does not exceed 200 percent of the State
median income for households of the same size.
(c) Definition- For purposes of this section, the term `small businesses'
means small business concerns within the meaning of section 3 of the Small
Business Act (15 U.S.C. 632).
SEC. 202. AUTHORIZATION OF APPROPRIATIONS.
There are authorized to be appropriated to the Secretary of Energy for carrying
out this title $200,000,000 for each of the fiscal years 2007 through 2011.
END
