United States · Bill · S
S. 1979 (107th)
Energy Tax Incentives Act of 2002
Introduced
1 March 2002
Last action
1 March 2002 · Introduced
Status
Placed on Senate Legislative Calendar under General Orders. Calendar No. 320.
Sponsors
Sen. Baucus, Max [D-MT]
Subjects
Environment, Housing, Energy, Taxation
Source updated
19 August 2025
Environment · Housing · Energy · Taxation
Summary
Energy Tax Incentives Act of 2002 - Amends the Internal Revenue Code to extend and modify the renewable electricity production tax credit to include credits for electricity produced from biomass, swine and bovine waste nutrients, geothermal energy, and solar energy. Provides alternative vehicle and fuel incentives, including credits for installation of alternative fueling stations and the retail sale of alternative fuels as motor vehicle fuel, modification of the credit for qualified electric vehicles, extending the deduction for certain refueling property, and allowing the alcohol fuels credit to be transferred and to be used against motor fuels taxes. Sets forth certain conservation and energy efficiency provisions such as credits for the construction of new energy efficient homes, the installation of energy efficient appliances, combined heat and power system properties, and energy efficiency improvements to existing homes. Establishes a three-year recovery period for depreciation of qualified energy management devices. Establishes clean coal incentives, including credits for emission reductions, efficiency improvements in existing coal-based generation facilities, and investment in qualifying advanced clean coal technology. Revises oil and gas provisions, including establishing a credit for the production of oil and gas from marginal wells, permitting the expensing of capital costs incurred in complying with EPA sulfur regulations, establishing an environmental tax credit, extending the marginal production income limit, and treating natural gas distribution lines as 15-year property. Sets forth electric utility restructuring provisions.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
13 February 2002
Reported
Committee on Finance ordered to be reported an original measure.
Source: Committee
1 March 2002
Calendars
Placed on Senate Legislative Calendar under General Orders. Calendar No. 320.
Source: Calendars
1 March 2002
Reported
Committee on Finance. Original measure reported to Senate by Senator Baucus. With written report No. 107-140.
Source: Committee
1 March 2002
Reported
Committee on Finance. Original measure reported to Senate by Senator Baucus. With written report No. 107-140.
Source: Committee
1 March 2002
Introduced
Introduced in Senate
Source: IntroReferral
Votes
No vote records are attached yet.
Versions
- Placed on Calendar Senate · 1 March 2002 · Download file
Documents
3 official files
Placed on Calendar Senate (text)
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Placed on Calendar Senate (text)
Placed on Calendar Senate · EN · 1 March 2002
Placed on Calendar Senate (PDF)
Placed on Calendar Senate · EN · 1 March 2002
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Introduced in Senate
summary · EN · 1 March 2002
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.
Sponsors
- Sen. Baucus, Max [D-MT] · D · Sponsor
- · ssfi00 · Standing
Related records
- related to → Energy Tax Policy Act of 2001
Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/107th-congress/senate-bill/1979
- Open data entity: https://api.congress.gov/v3/bill/107/s/1979
- us · 107-s-1979 · source updated 19 August 2025