HR.5559 - Bridge To A Clean Energy Future Act Of 2014

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9/18/2014--Introduced. Bridge to a Clean Energy Future Act of 2014 - Amends the Internal Revenue Code to extend through 2015 the following energy-related tax provisions: the tax credits for residential energy efficiency improvements, alternative fuel vehicle refueling property expenditures, two-wheeled plug-in electric vehicles, second generation biofuel production, biodiesel and renewable diesel fuel mixtures, producing electricity using Indian coal facilities, the construction of energy-efficient new homes, and new qualified fuel cell motor vehicles; the enhanced depreciation allowance for second generation biofuel plant property; the tax deduction for energy efficient commercial buildings; the excise tax credit for alternative fuels and fuels involving liquefied hydrogen; and tax deferral rules for sales or dispositions of qualified electric utilities. Extends through 2016, the tax credit for producing electricity using wind, biomass, geothermal, landfill gas, trash, hydropower, and marine and hydrokinetic renewable energy facilities. Directs the Secretary of the Treasury to establish a program to consider and award certifications for qualified investments eligible for the advanced energy project tax credit. Limits the amount of credits that may be allocated under such program to not more than $5 billion (the 2013 allocation amount). Authorizes the Secretary to make direct payments to a taxpayer in lieu of a tax credit. Extends the energy tax credit to solar energy, fuel cell, microturbine, combined heath and power system, small wind energy, and thermal energy properties the construction of which begins before January 1, 2017.

Sponsor Introductory Remarks On Measure.
September 19th 2014 @ 12:00 AM

Referred To The House Committee On Ways And Means.
September 18th 2014 @ 12:00 AM

H.R.5559 – The Bridge to a Clean Energy Future Act of 2014, sponsored by Rep. Earl Blumenauer (D-OR), would amend current law to extend certain energy-related tax provisions.

Erin Carson, Lead Analyst
Wednesday October 22nd 2014

H.R. 5559 would bring back expired energy tax provisions designed to incentivize wind and other alternative energies, including the wind production tax credit, the research and development tax credit, and credits for energy-efficient new homes, second generation biofuels, fuel cell motor vehicles, and commercial buildings. The tax extender bill will likely be debated and drafted into a larger proposal when Congress returns in November. 

Erin Carson, Lead Analyst
Wednesday October 22nd 2014
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