An original bill to amend the Internal Revenue Code of 1986 to provide an investment tax credit for waste heat to power technology.

Summary

This bill amends the Internal Revenue Code to allow an energy tax credit for investment in waste heat to power property. The bill defines "waste heat to power property" as property: (1) comprising a system which generates electricity through the recovery of a qualified waste heat resource; and (2) that is placed in service before January 1, 2017. "Qualified waste heat resource" is defined as: (1) exhaust heat or flared gas from an industrial process that does not have as its primary purpose the production of electricity, and (2) a pressure drop in any gas for an industrial or commercial process. The bill also increases from 30% to 35% the rate of the continuous levy on payments to Medicare providers and suppliers for unpaid taxes.

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Documents

4 official files

• Placed on Calendar Senate (text)

  Placed on Calendar Senate · EN · 14 April 2015

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• Placed on Calendar Senate (PDF)

  Placed on Calendar Senate · EN · 14 April 2015

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• Reported to Senate without amendment

  summary · EN · 14 April 2015

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• Introduced in Senate

  summary · EN · 14 April 2015

  Open at official source

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