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S. 1093

BillFederalSenateIn Committee
Solar Uniting Neighborhoods (SUN) Act of 2011
About This Bill
Committee
Latest Action · May 26, 2011
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S3433)
Congress
112th (2011–2013)
Introduced
May 26, 2011
Cosponsors (0)
None
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Summary

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Solar Uniting Neighborhoods (SUN) Act of 2011 - Amends the Internal Revenue Code to: (1) expand the definitions of "qualified solar electric property expenditure" and "qualified solar water heating property expenditure" to allow a residential energy efficient property tax credit for solar energy property which is either installed in a taxpayer's residence or is located within 50 miles of such residence; and (2) exclude from gross income, for income tax purposes, gain from the sale or exchange of electricity generated by solar energy property eligible for such tax credit.

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