Maybe its to late but, i download the 451 page bill, i0m doing a fast reading and i see some strange thinks, i'm not a lawyer but after 130 pages i
can say this:
What in the hell have "ENERGY IMPROVE-
11 MENT AND EXTENSION ACT" with buy toxic assest, i beilive this is a way to include some kind of regulation in the use of Renewable energy.
Maybe i'm wrong but if you guys have time pls check this pages:
Page 113
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Subtitle A—Renewable Energy Incentives
Sec. 101. Renewable energy credit.
Sec. 102. Production credit for electricity produced from marine renewables.
Sec. 103. Energy credit.
Sec. 104. Energy credit for small wind property.
Sec. 105. Energy credit for geothermal heat pump systems.
Sec. 106. Credit for residential energy efficient property.
Sec. 107. New clean renewable energy bonds.
Sec. 108. Credit for steel industry fuel.
Sec. 109. Special rule to implement FERC and State electric restructuring pol-
icy.
Subtitle B—Carbon Mitigation and Coal Provisions
Sec. 111. Expansion and modification of advanced coal project investment cred-
it.
Sec. 112. Expansion and modification of coal gasification investment credit.
Sec. 113. Temporary increase in coal excise tax; funding of Black Lung Dis-
ability Trust Fund.
Sec. 114. Special rules for refund of the coal excise tax to certain coal pro-
ducers and exporters.
Sec. 115. Tax credit for carbon dioxide sequestration.
Sec. 116. Certain income and gains relating to industrial source carbon dioxide
treated as qualifying income for publicly traded partnerships.
Sec. 117. Carbon audit of the tax code.
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DIVISION B—ENERGY IMPROVE-
11
MENT AND EXTENSION ACT
12
OF 2008
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Page 115
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TITLE I—ENERGY PRODUCTION
1
INCENTIVES
2
Subtitle A—Renewable Energy
3
Incentives
4
SEC. 101. RENEWABLE ENERGY CREDIT.
5
(a) E
XTENSION OF
CREDIT
.—
6
(1) 1-
YEAR EXTENSION FOR WIND AND RE
-
7
FINED COAL FACILITIES
.—Paragraphs (1) and (8)
8
of section 45(d) are each amended by striking ‘‘Jan-
9
uary 1, 2009’’ and inserting ‘‘January 1, 2010’’.
PD: Please se the dates "2010"??? i dont understand?
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Page 122
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(1) S
OLAR ENERGY PROPERTY
.—Paragraphs
1
(2)(A)(i)(II) and (3)(A)(ii) of section 48(a) are each
2
amended by striking ‘‘January 1, 2009’’ and insert-
3
ing ‘‘January 1, 2017’’.
4
(2) F
UEL CELL PROPERTY
.—Subparagraph (E)
5
of section 48(c)(1) is amended by striking ‘‘Decem-
6
ber 31, 2008’’ and inserting ‘‘December 31, 2016’’.
7
(3) M
ICROTURBINE PROPERTY
.—Subparagraph
8
(E) of section 48(c)(2) is amended by striking ‘‘De-
9
cember 31, 2008’’ and inserting ‘‘December 31,
10
2016’’.
11
(b) A
LLOWANCE OF
ENERGYCREDITAGAINSTAL
-
12
TERNATIVE
MINIMUMTAX
************************************************
page 123
I read people have troubles open the pdf file, this could help:
PDF-XChange Viewer - Portable v.2.0039 (5MB)
And the bill "H.R. 1424 Emergency Economic Stabilization Act of 2008" from:
financialservices.house.gov...
well that is, i try read more
Thx