Alternative Energy Incentive Act of 1979
Latest action. Referred to House Committee on Ways and Means.
Alternative Energy Incentive Act of 1979 - Amends the Internal Revenue Code to increase to 50 percent the rate of the income tax credit for residential energy conservation expenditures and for renewable energy source expenditures. Increases the amount of renewable energy source expenditures eligible for the credit to $10,000. Eliminates the requirement that such expenditures be limited to the taxpayer's principal residence. Qualifies expenditures for the drilling of an onsite well drilled for any geothermal deposit for the renewable energy source tax credit. Qualifies renewable energy source property which is also a structural component of a building for the energy tax credit. Permits lessors, lessees, and builders who are not the original users of property to claim a residential energy credit. Permits taxpayers, upon application to the Secretary of the Treasury, to claim an immediate tax credit for the taxable year previous to the year in which energy conservation expenditures are made. Provides a residential energy credit for heat pumps which replace an electric resistance heating system. Extends the termination date of the residential energy tax credit to December 31, 2000. Increases the investment tax credit for: (1) hydroelectric and cogeneration energy property; (2) solar and wind energy property; (3) geothermal energy property; (4) biomass property; (5) ocean thermal energy conversion property; and (6) utilities. Makes the credit for such properties refundable. Repeals the exemption from excise tax for gasohol. Allows an income tax credit for the use of gasohol. Bases the amount of such credit on the volume of alcohol mixed with gasoline.
Written by analysts at the Congressional Research Service and published on Congress.gov, not by Civibrief. Summarized at the "Introduced in House" stage on October 22, 1979. It describes the bill, it is not the legal text.
Where is it in the process, and what happens next?
4 steps remain before this bill could become law.
The record's latest action, on October 22, 1979: Referred to House Committee on Ways and Means.
- Clearing the committees it was referred to, and being scheduled for a floor vote
- Passage by the House
- Passage by the Senate
- The President's signature. If the President vetoes it, two-thirds of both chambers must vote to override.
How likely is it to become law?
Civibrief does not forecast outcomes and this page has no opinion about this one. What the record supports is a base rate, which is a fact about the whole pile, not a prediction about this measure.
In the 96th Congress (1979-80), 613 of the 12,581 bills and joint resolutions introduced became law, about 4.9 percent. That count covers every measure at every stage, including the many that never left committee.
This one is not there yet: 4 steps are still outstanding, listed above.
Has anyone actually voted on it?
No. No roll call in this Congress cites this measure. That is the ordinary outcome: most measures never reach a recorded floor vote, and a committee ends most of them simply by not acting.
A vote is not the only thing that happens to a measure. Hearings, markups, and referrals are all recorded actions, and none of them is a vote of the full chamber.
Who is behind it?
ROBIN BEARD (R-TN) introduced it on October 22, 1979, and 13 members have since signed on as cosponsors.
They come from both major parties: 4 Democrats, 9 Republicans.
Cosponsoring is a formal signature on the text. It is not a commitment to vote for the measure, it does not bind anyone's party, and a long list of cosponsors is a measure of attention rather than of prospects.
How long has it been in play?
It was introduced on October 22, 1979, 17125 days ago. The most recent recorded action was 17125 days ago, on October 22, 1979.
Measures do not carry over. Anything the 96th Congress has not finished by January 3, 1981 dies when the term ends, and has to be introduced again from the start in the next Congress.
Every answer above is assembled from this measure's own record on Congress.gov and from published counts of what Congress has passed before. Civibrief does not predict outcomes and takes no position on any measure.
Vote history
- HouseIn committee, no floor vote yet
- SenateAwaits House passage
- PresidentAwaits both chambers