To provide for renewable energy and energy efficiency tax credits with offsets.
What it does: 3 changes: inserts text in 3 places
Sen. Susan M. Collins (R-ME)What it changes
3 changes to S.Con.Res. 70 · 2 shown in the resolution's text
Change 1: Inserts “the biodiesel production tax credit, or” after “resources,”
In S.Con.Res. 70 · Placed on Calendar Senate
SEC. 304. DEFICIT-NEUTRAL RESERVE FUND TO INVEST IN CLEAN ENERGY, PRESERVE THE ENVIRONMENT, AND PROVIDE FOR CERTAIN SETTLEMENTS.
(a) Energy and the Environment.--The Chairman of the Senate Committee on the Budget may revise the allocations of a committee or committees, aggregates, and other levels and limits in this resolution for one or more bills, joint resolutions, amendments, motions, or conference reports that would decrease greenhouse gas emissions, reduce our Nation's dependence on imported energy, produce green jobs, or preserve or protect national parks, oceans, or coastal areas, by the amounts provided in such legislation for those purposes, provided that such legislation would not increase the deficit over either the period of the total of fiscal years 2008 through 2013 or the period of the total of fiscal years 2008 through 2018. The legislation may include tax legislation such as a proposal to extend energy tax incentives like the production tax credit for electricity produced from renewable resources, the [inserted: biodiesel production tax credit, or the ]Clean Renewable Energy Bond program, or provisions to encourage energy efficient buildings, products, and power plants.
(b) Settlements.--The Chairman of the Senate Committee on the Budget may revise the allocations of a committee or committees, aggregates, and other appropriate levels in this resolution for one or more bills, joint resolutions, amendments, motions, or conference reports that would fulfill the purposes of the San Joaquin River Restoration Settlement Act or implement a Navajo Nation water rights settlement and other provisions authorized by the Northwestern New Mexico Rural Water Projects Act, by the amounts provided by that legislation for those purposes, provided that such legislation would not increase the deficit over either the period of the total of fiscal years 2008 through 2013 or the period of the total of fiscal years 2008 through 2018.
Original wording
On page 57, line 13, after “resources,” insert “the biodiesel production tax credit, or”
Change 2: Inserts “to provide a tax credit for clean burning wood stoves, a tax credit for production of cel…” after “program,”
…program,[inserted: to provide a tax credit for clean burning wood stoves, a tax credit for production of cellulosic ethanol, a tax credit for plug-in hybrid vehicles,]…
Original wording
On page 57, line 14, after “program,” insert “to provide a tax credit for clean burning wood stoves, a tax credit for production of cellulosic ethanol, a tax credit for plug-in hybrid vehicles,”
Change 3: Inserts “Tax legislation under this section may be paid for by adjustments to Sections 167(h) and…” after “plants”
In S.Con.Res. 70 · Placed on Calendar Senate
SEC. 304. DEFICIT-NEUTRAL RESERVE FUND TO INVEST IN CLEAN ENERGY, PRESERVE THE ENVIRONMENT, AND PROVIDE FOR CERTAIN SETTLEMENTS.
(a) Energy and the Environment.--The Chairman of the Senate Committee on the Budget may revise the allocations of a committee or committees, aggregates, and other levels and limits in this resolution for one or more bills, joint resolutions, amendments, motions, or conference reports that would decrease greenhouse gas emissions, reduce our Nation's dependence on imported energy, produce green jobs, or preserve or protect national parks, oceans, or coastal areas, by the amounts provided in such legislation for those purposes, provided that such legislation would not increase the deficit over either the period of the total of fiscal years 2008 through 2013 or the period of the total of fiscal years 2008 through 2018. The legislation may include tax legislation such as a proposal to extend energy tax incentives like the production tax credit for electricity produced from renewable resources, the Clean Renewable Energy Bond program, or provisions to encourage energy efficient buildings, products, and power plants[inserted: Tax legislation under this section may be paid for by adjustments to Sections 167(h) and 263(c) of the Internal Revenue Code of 1986 as it relates to major integrated oil companies].[inserted: .]
(b) Settlements.--The Chairman of the Senate Committee on the Budget may revise the allocations of a committee or committees, aggregates, and other appropriate levels in this resolution for one or more bills, joint resolutions, amendments, motions, or conference reports that would fulfill the purposes of the San Joaquin River Restoration Settlement Act or implement a Navajo Nation water rights settlement and other provisions authorized by the Northwestern New Mexico Rural Water Projects Act, by the amounts provided by that legislation for those purposes, provided that such legislation would not increase the deficit over either the period of the total of fiscal years 2008 through 2013 or the period of the total of fiscal years 2008 through 2018.
Original wording
On page 57, line 16, after “plants” insert “Tax legislation under this section may be paid for by adjustments to Sections 167(h) and 263(c) of the Internal Revenue Code of 1986 as it relates to major integrated oil companies.”
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
SA 4209. Ms. COLLINS (for herself and Mr. Levin) submitted an amendment intended to be proposed by her to the concurrent resolution S. Con. Res. 70, setting forth the congressional budget for the United States Government for fiscal year 2009 and including the appropriate budgetary levels for fiscal years 2008 and 2010 through 2013; which was ordered to lie on the table; as follows:
On page 57, line 13, after “resources,” insert “the biodiesel production tax credit, or”
On page 57, line 14, after “program,” insert “to provide a tax credit for clean burning wood stoves, a tax credit for production of cellulosic ethanol, a tax credit for plug-in hybrid vehicles,”
On page 57, line 16, after “plants” insert “Tax legislation under this section may be paid for by adjustments to Sections 167(h) and 263(c) of the Internal Revenue Code of 1986 as it relates to major integrated oil companies.”
Legislative Activity
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Senate amendment proposed (on the floor): Amendment SA 4209 proposed by Senator Conrad for Senator Collins.(consideration: CR S2083-2084)
March 14, 2008
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Senate amendment proposed (on the floor): Amendment SA 4209 proposed by Senator Conrad for Senator Collins.(consideration: CR S2083-2084)
March 14, 2008
Senate amendment agreed to: Amendment SA 4209 as modified agreed to in Senate by Unanimous Consent.(text as modified: CR S2084)
March 14, 2008
Amendment SA 4209 proposed by Senator Conrad for Senator Collins. (consideration: CR S2083-2084) To provide for renewable energy and energy efficiency tax credits with offsets.
March 14, 2008
Amendment SA 4209 as modified agreed to in Senate by Unanimous Consent. (text as modified: CR S2084)
March 14, 2008
Senate amendment submitted
March 12, 2008