Bill
Bill > HR3895
US HR3895
US HR3895To amend the Internal Revenue Code of 1986 to extend for two years the credit for combined heat and power system property.
summary
Introduced
11/03/2015
11/03/2015
In Committee
11/03/2015
11/03/2015
Crossed Over
Passed
Dead
01/03/2017
01/03/2017
Introduced Session
114th Congress
Bill Summary
To amend the Internal Revenue Code of 1986 to extend for two years the credit for combined heat and power system property. This bill amends the Internal Revenue Code to extend through 2018 the energy tax credit for investment in combined heat and power system property.
AI Summary
This bill extends for two years the energy tax credit for investment in combined heat and power (CHP) system property, which is a technology that generates electricity and useful heat from a single fuel source, making it more efficient than generating them separately. Specifically, it amends the Internal Revenue Code of 1986 to push back the expiration date for this credit from January 1, 2017, to January 1, 2019, meaning that property placed in service after December 31, 2016, will now be eligible for this tax incentive for an additional two years.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Referred to the House Committee on Ways and Means. (on 11/03/2015)
Official Document
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