S.1203 - Climate Change Technology Tax Incentives Act of 2005109th Congress (2005-2006)
|Sponsor:||Sen. Hagel, Chuck [R-NE] (Introduced 06/08/2005)|
|Committees:||Senate - Finance|
|Latest Action:||06/08/2005 Read twice and referred to the Committee on Finance.|
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Summary: S.1203 — 109th Congress (2005-2006)All Bill Information (Except Text)
Introduced in Senate (06/08/2005)
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.