Bill > HR5775

This bill, titled the "Powering American Jobs Act of 2014," aims to extend and modify several expiring energy tax incentives within the Internal Revenue Code of 1986. Key provisions include extending the tax credit for nonbusiness energy property, which covers improvements like energy-efficient windows and water heaters, through December 31, 2015, and updating the energy efficiency standards for these items. It also extends excise tax credits for certain fuels, including biodiesel and renewable diesel, and credits for alternative fuel vehicle refueling property, both through December 31, 2015. Additionally, the bill equalizes the excise tax rates for liquefied natural gas (LNG) and liquefied petroleum gas (LPG) to be equivalent to those for gasoline and diesel, respectively, with these changes taking effect after September 30, 2014.