H.R. 4612House110th Congress (2007-2009)In Committee

Climate Neutral Electricity Generation Act of 2007

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HouseIntro Referral Latest Action

Referred to the House Committee on Ways and Means.

Ways and Means Committee

December 13, 2007

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HouseIntro Referral

Introduced in House

December 13, 2007

HouseIntro Referral

Referred to the House Committee on Ways and Means.

Ways and Means Committee

December 13, 2007

Floor Debate

3 members

What members said about H.R. 4612 on the floor

2 Republicans1 Democrat

Rep. Michael R. TurnerR-OH-3 · Mar 4, 2008

Mr. Speaker, I want to thank National Parks, Forests, and Public Lands Subcommittee Chairman Grijalva and Ranking Member Bishop, as well as Natural Resources full committee Chairman Rahall and…

Mr. Speaker, I want to thank National Parks, Forests, and Public Lands Subcommittee Chairman

Grijalva and Ranking Member Bishop, as well as Natural Resources full committee Chairman Rahall and Ranking Member Young, for their support in bringing this bill to the floor today.

H.R. 4191, the Wright Brothers-Dunbar National Historical Park Designation Act, is identical to H.R. 4612 from the 109th Congress which passed the House Committee on Resources by unanimous consent on June 21, 2006. It renames the Dayton Aviation National Historic Park as the Wright Brothers-Dunbar National Historical Park.

In 2002, Chairman and Federal Judge Walter Rice of the Dayton Aviation Heritage Commission appointed a committee made up of commission members to make recommendations regarding the name of the Dayton Aviation National Historic Park.

The committee held several hearings and solicited comments from businesses, government, stakeholders, neighborhood and citizens groups on the name change. Based on the public comments, the committee recommended to the commission that the name of the park, Dayton Aviation Heritage National Historical Park, be changed to the Wright Brothers-Dunbar National Historical Park.

Following input from the community, that committee recommended to the commission that the name of the park be changed to the Wright Brothers- Dunbar National Historical Park, which was approved by the full commission and the National Park Service in 2003.

The commission recognized a number of reasons for the name change. The new name establishes a clear connection to the universally recognized Wright brothers, the inventors of the airplane, and the new name also creates a better link between the park and the primary park assets. All four of the park sites, a majority of interpretive exhibits and media at the park sites describe the accomplishments of the Wright brothers and the first recognized African American Poet Laureate, Paul Laurence Dunbar.

Finally, the new name also establishes a better distinction between the park and the new National Aviation Heritage Area.

The new name of this park will truly be a reflection of Dayton's heritage, that of innovation and creativity. The Wright brothers' airplane and Dunbar's famous poems are two historic assets which make Dayton a great place to call home. It is fitting that the new park name pays homage to Dayton's hometown heroes, Paul Laurence Dunbar and Orville and Wilbur Wright.

It is also important to note that the National Heritage Park in Dayton is unique in that it is a scattered site national park and it works with regional partners to advance the park's mission. The Park Service partners with ``Dayton History'' at Carillon Park and Wright- Patterson Air Force Base to provide maintenance and program assistance for park assets.

Both entities contain different parts of the national park. The Wright Flyer III, the world's first practical airplane, is located at Carillon Park, and the Huffman Prairie Flying Field, where the Wright brothers perfected flight, is located on the grounds of Wright- Patterson Air Force Base. This bill authorizes grant funding to these partner organizations to ensure their continued cooperation with the Park Service in fulfilling the mission of the park.

Mr. Speaker, today's bill is the result of a community process which has resulted in an improved and more appropriate name to a regional asset, a name which reflects Dayton's true heritage. While Ohio is the birthplace of aviation, Dayton is the birthplace of the first airplane and the birthplace of Wright-Patterson Air Force Base, where 1 million people every year visit the National Museum of the United States Air Force.

Dayton's future is bright, with over 1,000 jobs headed to Wright- Patterson Air Force Base as a result of 2005 BRAC process, and it will continue to be a leader in American innovation.

Mr. Speaker, the Wright brothers and Paul Laurence Dunbar would be proud of the accomplishments in their hometown, and I am proud today to speak for this bill, which will honor their legacies.

Rep. Nick J. Rahall IID-WV-3 · Mar 4, 2008

Mr. Speaker, I move to suspend the rules and pass the bill (H.R. 4191) to redesignate Dayton Aviation Heritage National Historic Park in the State of Ohio as ``Wright Brothers-Dunbar National…

Rep. Rob BishopR-UT-1 · Mar 4, 2008

Mr. Speaker, I rise to speak on H.R. 4191, and yield myself such time as I may consume. This does change the name of the Dayton Aviation National Park to reflect more accurately the individuals being…

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Introduced in HouseIssued December 13, 2007

110th CONGRESS

1st Session

H. R. 4612

IN THE HOUSE OF REPRESENTATIVES

December 13, 2007

Mr. Costa (for himself, Mr. McCarthy of California, and Mr. Daniel E. Lungren of California) introduced the following bill; which was referred to the Committee on Ways and Means

A BILL

To amend the Internal Revenue Code of 1986 to provide an investment credit for electric generation facilities with climate neutral combustion.

Short title

This Act may be cited as the Climate Neutral Electricity Generation Act of 2007.

Climate neutral combustion credit

(a)

In general

Section 46 of the Internal Revenue Code of 1986 (relating to amount of credit) is amended by striking and at the end of paragraph (3), by striking the period at the end of paragraph (4) and inserting , and, and by adding at the end the following new paragraph:

(5)

the climate neutral combustion credit.

(b)

Amount of credit

Subpart E of part IV of subchapter A of chapter 1 of such Code (relating to rules for computing investment credit) is amended by inserting after section 48B the following new section:

48C.

Climate neutral combustion credit

(a)

In general

For purposes of section 46, the climate neutral combustion credit for any taxable year is an amount equal to 20 percent of the qualified investment for such taxable year.

(b)

Qualified investment

(1)

In general

For purposes of subsection (a), the qualified investment for any taxable year is the basis of any property placed in service by the taxpayer during such taxable year which is part of a climate neutral combustion facility—

(A)

(i)

the construction, reconstruction, or erection of which is completed by the taxpayer, or

(ii)

which is acquired by the taxpayer if the original use of such property commences with the taxpayer, and

(B)

with respect to which depreciation (or amortization in lieu of depreciation) is allowable.

(2)

Special rule for certain subsidized property

Rules similar to section 48(a)(4) shall apply for purposes of this section.

(3)

Certain qualified progress expenditures rules made applicable

Rules similar to the rules of subsections (c)(4) and (d) of section 46 (as in effect on the day before the enactment of the Revenue Reconciliation Act of 1990) shall apply for purposes of this section.

(c)

Climate neutral combustion facility

For purposes of this section, the term climate neutral combustion facility means any facility which—

(1)

burns matter to produce electricity,

(2)

captures the carbon dioxide released during combustion and uses such carbon dioxide to recover hydrocarbon fuel from below ground, and

(3)

produces no atmospheric emissions of mercury or greenhouse gasses and no emissions that form fine particulate, smog, or acid rain.

(d)

Denial of double benefit

A credit shall not be allowed under this section for any qualified investment for which a credit is allowed under section 48A or 48B.

(c)

Conforming amendments

(1)

Section 49(a)(1)(C) of such Code is amended by striking and at the end of clause (iii), by striking the period at the end of clause (iv) and inserting , and, and by adding at the end the following new clause:

(v)

the basis of any property which is part of a qualifying climate neutral combustion facility.

(2)

The table of sections for subpart E of part IV of subchapter A of chapter 1 of such Code is amended by inserting after the item relating to section 48B the following new item:

Sec. 48C. Climate neutral combustion credit.

(d)

Effective date

The amendments made by this section shall apply to periods after the date of the enactment of this Act, under rules similar to the rules of section 48(m) of the Internal Revenue Code of 1986 (as in effect on the day before the date of the enactment of the Revenue Reconciliation Act of 1990).