H.R.5581 - To amend the Internal Revenue Code of 1986 to make qualified biogas property eligible for the energy credit and to permit new clean renewable energy bonds to finance qualified biogas property.111th Congress (2009-2010)
|Sponsor:||Rep. Kind, Ron [D-WI-3] (Introduced 06/23/2010)|
|Committees:||House - Science and Technology; Ways and Means|
|Latest Action:||06/23/2010 Referred to the Committee on Ways and Means, and in addition to the Committee on Science and Technology, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.|
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Summary: H.R.5581 — 111th Congress (2009-2010)All Bill Information (Except Text)
Introduced in House (06/23/2010)
Amends the Internal Revenue Code to allow: (1) an energy tax credit through 2016 for investment in qualified biogas property; and (2) financing of qualified biogas property with new clean renewable energy bonds. Defines "qualified biogas property" as property comprising a system which uses anaerobic digesters to convert biomas into a gas which consists of not less than 52% methane and which captures such gas for use as a fuel.
Directs the Secretary of the Treasury to enter into an agreement with the National Renewable Energy Laboratory to undertake a study of biogas and to submit a report to Congress on such study.