Climate Neutral Electricity Generation Act of 2007
Last action on Dec 13, 2007Referred to the House Committee on Ways and Means.
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Summary
H.R. 4612, the Climate Neutral Electricity Generation Act of 2007, proposes a tax credit for companies that invest in specialized power plants designed to produce electricity without releasing harmful pollutants. To qualify for the credit, a facility must capture its carbon dioxide emissions to create fuel and produce zero emissions related to greenhouse gases, mercury, smog, or acid rain. For citizens, this legislation aims to incentivize the development of advanced energy technology that provides electricity while protecting air quality and reducing the environmental impact of power generation.
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