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United States · Bill · HR

H.R. 2657 (114th)

POWER Act

referredUnited States· United States Congress· EN

Introduced

4 June 2015

Last action

4 June 2015 · Introduced

Status

Referred to the House Committee on Ways and Means.

Sponsors

Tom Reed, Earl Blumenauer, Rep. Gibson, Christopher P. [R-NY-19], RON KIND, Rep. Heck, Joseph J. [R-NV-3], Sen. Welch, Peter [D-VT], Chris Collins, TIM RYAN, Rep. Amodei, Mark E. [R-NV-2], Rep. Titus, Dina [D-NV-1], Kathy Castor, Steve Stivers, Bill Pascrell, Rodney Davis, David McKinley, Thomas MacArthur, Tom Marino, Michael Simpson, Rep. Beatty, Joyce [D-OH-3], Richard Neal, Rep. Benishek, Dan [R-MI-1], FRANK LOBIONDO, Tim Murphy, Rep. Miller, Candice S. [R-MI-10], Rep. Lieu, Ted [D-CA-36], Daniel Donovan, Ann Kirkpatrick, David Trott, Betty McCollum, Paul Tonko, Kevin Yoder, Rep. Dold, Robert J. [R-IL-10], Mia Love, Carlos Curbelo, Gerald Connolly, Mike Bishop, Daniel Lipinski, Rep. Thompson, Mike [D-CA-4], Darin LaHood, JOSEPH CROWLEY, Charles Dent, Elise Stefanik, DON YOUNG, Matt Cartwright, Rep. Honda, Michael M. [D-CA-17], Jared Polis, PETER KING, Rep. Pingree, Chellie [D-ME-1]

Subjects

Nuclear energy, Taxation

Source updated

5 December 2025

Nuclear energy · Taxation

Official sourceDownload fileView documentsShare

Summary

Power Efficiency and Resiliency Act or the POWER Act Amends the Internal Revenue Code to: (1) allow a 30% energy tax credit for combined heat and power system property and increase the capacity limitations for such property, (2) extend until December 31, 2018, the placed-in-service deadline for such property, and (3) allow a 30% energy tax credit for waste heat to power property (property comprising a system generating electricity through the recovery of a qualified waste heat resource) placed in service before January 1, 2019. Includes within the definition of "qualified waste heat resource": (1) exhaust heat or flared gas from any industrial process; (2) waste gas or industrial tail gas that would otherwise be flared, incinerated, or vented; and (3) a pressure drop in any gas for an industrial or commercial process. Excludes from such definition any heat resource from a process the primary purpose of which is the generation of electricity utilizing a fossil fuel or nuclear energy.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 4 June 2015

    Introduced

    Referred to the House Committee on Ways and Means.

    Source: IntroReferral

  2. 4 June 2015

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 4 June 2015

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

View fileDownload file

Sponsors

Showing 48 of 49 sponsors and actors.

Related records

Sources

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