H.R. 1423 · 108th Congress
Preserving Our World's Energy and Resources Act of 2003
- Stage
- In committee
- Sponsor
- Eliot Engel
- Introduced
- 2003-03-25
- Latest action
- 2003-04-10 · Referred to the Subcommittee on Health, for a period to be subsequently determined by the Chairman.
Summary
Preserving Our World's Energy and Resources Act of 2003 - Amends the Internal Revenue Code to include as energy property for purposes of claiming the energy (investment) credit equipment which uses wind to generate electricity and cool roof property.Allows a nonrefundable personal credit for qualified renewable resource property (solar, wind, and geothermal) and qualified cool roof property.Amends the Federal Power Act to require retail electric suppliers to comply with specified requirements concerning net metering.