Ways and Means
Co-Sponsors: 6–4 Democrats, 2 Republicans
This bill amends the Internal Revenue Code to expand the definition of “qualifying income” (income that receives favorable tax treatment) to include income additional energy and related categories of business activity including: renewable and alternative energy generation projects, fossil fuel-based energy generation projects, infrastructure for transportation or storage, renewable thermal energy, waste to heat power, renewable fuels and chemicals, energy efficient buildings, gasification, and carbon capture in secure geological storage. This confers the same benefit to renewable energy generation as is today given to fossil fuel generation.
(Summarized from Alliance to Save Energy)
This bill addresses Green Real Deal goal 2(K)p.6 to make buildings more energy efficient.