Summary: H.R.2885 — 111th Congress (2009-2010)All Information (Except Text)

There is one summary for H.R.2885. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (06/16/2009)

Ocean Thermal Energy Tax and Energy Credits Act of 2009 - Amends the Internal Revenue Code to: (1) allow a tax credit for producing electricity from ocean thermal energy; (2) specify that such tax credit is available to taxpayers in certain possessions and other areas under U.S. control; and (3) allow an energy tax credit for investment in equipment which uses ocean thermal energy to generate electricity, to cool (or provide cold water for use in) a structure, or to produce fresh water.