Text: S.2857 — 111th Congress (2009-2010)All Information (Except Text)

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Introduced in Senate (12/09/2009)


111th CONGRESS
1st Session
S. 2857


To amend the Internal Revenue Code of 1986 to expand the qualifying advanced energy project credit.


IN THE SENATE OF THE UNITED STATES

December 9, 2009

Mr. Bingaman (for himself, Mr. Hatch, Ms. Stabenow, and Mr. Lugar) introduced the following bill; which was read twice and referred to the Committee on Finance


A BILL

To amend the Internal Revenue Code of 1986 to expand the qualifying advanced energy project credit.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Short title.

This Act may be cited as the “American Clean Technology Manufacturing Leadership Act”.

SEC. 2. Expansion of qualifying advanced energy project credit.

(a) In general.—Section 48C(d)(1)(B) of the Internal Revenue Code of 1986 is amended by striking “$2,300,000,000” and inserting “$4,800,000,000”.

(b) Effective date.—The amendment made by this section shall apply to allocations for applications submitted after December 31, 2009.