Energy Tax Policy Act of 2001

Summary

Energy Tax Policy Act of 2001 - Amends the Internal Revenue Code to with respect to energy conservation credits and deductions, including: (1) a residential solar energy credit; (2) the credit for electricity from renewable sources; (3) a credit for stationary fuel cell powerplant expenditures; (4) an alternative motor vehicle credit; (5) the credit for electric vehicles; (6) an energy efficient appliance credit; (7) a credit for energy efficiency improvements to existing homes; (8) a business credit for construction of a new energy efficient home; (9) a deduction for energy efficient commercial building property; (10) a deduction for qualified energy management devices and retrofitted meters; and (11) an energy credit for combined heat and power system property. Sets forth provisions concerning energy suppliers and supply, including provisions relating to: (1) the treatment of natural gas gathering lines as seven-year property; (2) the treatment of petroleum refining property as seven-year property; (3) the expensing of capital costs incurred in complying with environmental protection agency sulfur regulations; (4) an environmental tax credit for every gallon of 15 parts per million or less sulfur diesel produced by a small business refiner; (5) tax-exempt bond financing of certain electric facilities; (6) special rules for nuclear decommissioning costs; (7) a marginal well production credit; (8) a deduction for delay rental payments for domestic oil and gas wells; (9) allowing an election to expense geological and geophysical expenditures; (10) the extension and modification of credit for producing fuel from a nonconventional source; (11) an advanced clean coal technology credit; and (12) energy-related businesses on Indian reservations.

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Documents

6 official files

• Reported in House (text)

  Reported in House · EN · 24 July 2001

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• Reported in House (PDF)

  Reported in House · EN · 24 July 2001

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• Reported to House with amendment(s)

  summary · EN · 24 July 2001

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• Introduced in House (text)

  Introduced in House · EN · 17 July 2001

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• Introduced in House (PDF)

  Introduced in House · EN · 17 July 2001

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• Introduced in House

  summary · EN · 17 July 2001

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