S.1516: POWER Act

About This Bill

  • Introduced June 4, 2015
  • Latest Major Action June 4, 2015

Bill Cosponsors

3 (2 Democrats, 1 Independent Democrat)

Bill Version

Bill Summary

Power Efficiency and Resiliency Act or the POWER Act Amends the Internal Revenue Code to: (1) allow a 30% energy tax credit for combined heat and power system property and increase the capacity limitations for such property, (2) extend until December 31, 2018, the placed-in-service deadline for such property, and (3) allow a 30% energy tax credit for waste heat to power property (property comprising a system generating electricity through the...

(Source: Library of Congress)

Bill Actions

Date Description
June 4, 2015
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S3779-3780)
June 4, 2015

Introduced in the Senate by Susan Collins (R-Maine)

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