Summary: H.R.5372 — 111th Congress (2009-2010)All Information (Except Text)

There is one summary for H.R.5372. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (05/24/2010)

Amends the Internal Revenue Code to allow an election to treat business-related tax credits for the production of electricity from wind, solar, or biomass facilities and for investment in solar energy property as refundable in taxable years beginning in 2010 or 2011. Provides that credit amounts shall not exceed the basis of renewable energy facilities placed in service in the subsequent taxable year.