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S. 758

BillFederalSenateIn Committee
A bill to amend the Internal Revenue Code of 1986 to allow a credit against income tax for certain energy-efficient property.
About This Bill
Committee
Latest Action · April 1, 2003
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S4640-4641)
Congress
108th (2003–2005)
Introduced
April 1, 2003
Cosponsors (8)
5D 3R
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Summary

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Amends the Internal Revenue Code to allow, through December 31, 2008, a limited credit for energy-efficient building property. Defines such property as a fuel cell power plant that: (1) generates electricity using an electrochemical process; (2) has an electricity-only generation efficiency greater than 30 percent; and (3) generates at least 0.5 kilowatt of electricity, using an electrochemical process.Allows, through December 31, 2008, a limited credit to an individual for nonbusiness energy-efficient building property (U.S. residential property) expenditures.

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