A bill to amend the Internal Revenue Code of 1986 to allow a credit against income tax for certain fuel cell property.

Summary

Amends the Internal Revenue Code to allow a tax credit for energy-efficient building property. Limits the amount of such credit to the lesser of 30 percent (10 percent for other energy property) of the basis of such energy-efficient building property or $1,000 for each kilowatt of capacity of such property. Defines "energy-efficient building property" as a fuel cell power plant which generates at least 0.5 kilowatt of electricity using an electrochemical process. Allows a similar tax credit for the installation of qualified energy-efficient building property in a taxpayer's residence. Terminates both tax credits after December 31, 2009.

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Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 17 March 2005

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 17 March 2005

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• Introduced in Senate

  summary · EN · 17 March 2005

  Open at official source

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