S. 1643 · 111th Congress
Cleaner, Secure, and Affordable Thermal Energy Act
- Stage
- In committee
- Sponsor
- Olympia Snowe
- Introduced
- 2009-08-06
- Latest action
- 2009-08-07 · Sponsor introductory remarks on measure.
Summary
Cleaner, Secure, and Affordable Thermal Energy Act - Amends the Internal Revenue Code to: (1) allow a tax credit for residential energy property expenditures to convert a home heating system using oil fuel to a system using natural gas boilers and furnaces and biomass heating appliances; (2) allow bonus depreciation of property used to convert a home heating system; (3) allow the use of tax-exempt energy conservation bonds to finance conversions of fuel oil heating systems; and (4) extend through 2012 accelerated depreciation for natural gas distribution facilities.