S. 1203 · 109th Congress
Global Warming bill
- Stage
- In committee
- Sponsor
- Chuck Hagel
- Introduced
- 2005-06-08
- Latest action
- 2005-06-08 · Introduced in Senate
Summary
Climate Change Technology Tax Incentives Act of 2005 - Amends the Internal Revenue Code to allow tax credits for: (1) investment in a greenhouse gas intensity reduction project; (2) production from advanced nuclear power facilities; and (3) investment in nuclear power facilities.
Authorizes the issuance of tax-exempt facility bonds for nuclear power facilities.
Expresses the sense of the Senate that: (1) the tax credit for electricity produced from certain renewable resources should be extended through 2010; and (2) the tax credit for increasing research activities should be increased and made permanent.
Terminates the tax credits proposed by this Act after 2010.