Bill > HR5559

This bill, titled the "Bridge to a Clean Energy Future Act of 2014," aims to extend and modify various tax provisions related to energy, primarily by amending the Internal Revenue Code of 1986. Key provisions include extending tax credits for nonbusiness energy property, alternative fuel vehicle refueling property, and 2-wheeled plug-in electric vehicles, as well as credits for second-generation biofuel producers and incentives for biodiesel and renewable diesel. It also extends credits for Indian coal facilities, renewable energy production, energy-efficient new homes, and special allowances for second-generation biofuel plant property. Furthermore, the bill extends the energy-efficient commercial buildings deduction, with updated standards and provisions for Indian tribal governments and certain non-profit organizations. It also extends excise tax credits related to certain fuels, including biodiesel, renewable diesel, and alternative fuels like liquefied hydrogen, and modifies rules for when construction must begin for certain energy property to qualify for credits. Finally, it extends the advanced energy project credit, establishing a program for awarding certifications for qualified investments and allowing for direct payments in lieu of credits.