S. 1601 · 110th Congress
Energy Infrastructure Tax Reform and Incentives Act of 2007
- Stage
- In committee
- Sponsor
- Chuck Hagel
- Introduced
- 2007-06-12
- Latest action
- 2007-06-12 · Introduced in Senate
Summary
Energy Infrastructure Tax Reform and Incentives Act of 2007 - Amends the Internal Revenue Code to: (1) treat income and gains from certain electric transmission property as qualifying income of a publicly traded partnership; (2) allow accelerated depreciation of qualified energy management devices, cellulosic biomass ethanol plant property, coal-to-liquid plant property, and dedicated ethanol pipelines; (3) allow a tax credit for pollution abatement equipment; (4) modify certain rules and definitions relating to clean renewable energy bonds; (5) extend through 2013 the tax credit for producing electricity from renewable resources; and (6) allow an energy tax credit for investment in thermal storage systems or daylight dimming technologies.