New Options Petroleum Energy Conservation Act of 2006

referredUnited States· United States Congress· EN

Introduced

11 May 2006

Last action

16 May 2006 · Referred

Status

Referred to the Subcommittee on Energy.

Summary

New Options Petroleum Energy Conservation Act of 2006 - Amends the Internal Revenue Code to include any climate neutral combustion resource as a qualified energy resource for purposes of the tax credit for producing electricity from renewable sources. Defines "climate neutral combustion resource" as any facility which: (1) captures and uses carbon dioxide released during combustion to recover hydrocarbon fuel; (2) produces no emissions of mercury or greenhouse gases and no emissions that form fine particles, smog, or acid rain; and (3) is owned by the taxpayer and is placed in service after 2006. Extends through 2011 the tax credits for investment in solar energy property and for residential energy efficient property. Directs the Secretary of Energy to establish a program to award $1 billion to the first U.S. automobile manufacturer who manufactures and sells in the United States 60,000 midsized sedans which operate on gasoline and can travel at 100 miles per gallon. Authorizes appropriations for the development of advanced lithium ion battery technology. Allows a taxpayer election to expense biofuel refining property

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Timeline

11 May 2006
Introduced
Referred to the Committee on Ways and Means, and in addition to the Committees on Science, and Energy and Commerce, 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.
Source: IntroReferral
11 May 2006
Introduced
Referred to the Committee on Ways and Means, and in addition to the Committees on Science, and Energy and Commerce, 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.
Source: IntroReferral
11 May 2006
Introduced
Introduced in House
Source: IntroReferral
11 May 2006
Introduced
Introduced in House
Source: IntroReferral
15 May 2006
Referred
Referred to the Subcommittee on Energy and Air Quality, for a period to be subsequently determined by the Chairman .
Source: Committee
16 May 2006
Referred
Referred to the Subcommittee on Energy.
Source: Committee

Votes

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Versions

Introduced in House · 11 May 2006 · Download file

Documents

3 official files

Introduced in House (text)

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Introduced in House (text)
Introduced in House · EN · 11 May 2006
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Introduced in House (PDF)
Introduced in House · EN · 11 May 2006
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Introduced in House
summary · EN · 11 May 2006
Open at official source
Leesvertaling
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Related records

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Sources

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Official source: https://www.congress.gov/bill/109th-congress/house-bill/5375
Open data entity: https://api.congress.gov/v3/bill/109/hr/5375
us · 109-hr-5375 · source updated 15 August 2025