House+Bill+Number+5375

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= = =H.R.5373= Title: To amend the Internal Revenue Code of 1986 to extend the energy efficient appliance credit and the nonbusiness energy property credit. Sponsor: Rep Boswell, Leonard L. [IA-3] (introduced 2/12/2008) Cosponsors (None) Latest Major Action: 2/12/2008 Referred to House committee. Status: Referred to the House Committee on Ways and Means.

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SUMMARY AS OF:
2/12/2008--Introduced.

Consumer and Manufacturer Energy Efficiency Tax Credit Extension Act of 2008 - Amends the Internal Revenue Code to extend through 2009 the tax credits for: (1) energy efficient appliances (i.e., dishwashers, clothes washers, and refrigerators that meet certain energy conservation standards); and (2) nonbusiness energy property expenditures. Basically this bill would hand out tax credits to any company or home with energy efficient appliances. It also dictates a $45 million fund for developing more energy efficient technologies.

MAJOR ACTIONS:
0. ***NONE***

ALL ACTIONS:
2/12/2008: Referred to the House Committee on Ways and Means.

TITLE(S): (italics indicate a title for a portion of a bill)
0. SHORT TITLE(S) AS INTRODUCED:  Consumer and Manufacturer Energy Efficiency Tax Credit Extension Act of 2008 0. OFFICIAL TITLE AS INTRODUCED: To amend the Internal Revenue Code of 1986 to extend the energy efficient appliance credit and the nonbusiness energy property credit.

COSPONSOR(S):

 * No Cosponsors**

COMMITTEE(S):
0. Committee/Subcommittee: 0. Activity: 0. House Ways and Means 0. Referral, In Committee

RELATED BILL DETAILS:
[|Here is a list of all related bills]

AMENDMENT(S):

 * NONE*** Type in the content of your new page here.

Pros and Cons
Pros-


 * Encourages companies and families to be more energy effient.
 * This bill would help stop "global warming"
 * Reduce money spent per house annually which would allow for that family to help the economy by buying necessary purchases and paying off loans.
 * This bill would create new jobs manufacturing cleaner appliances.

Cons-
 * This bill asks for 4.5 million dollars for the development of energy efficient appliances.
 * This bill would hurt the electricity companies further endangering the economy
 * This bill would take away jobs from people manufacturing old appliances
 * The economy is already busted we don't have 4.5 million don't have to spend.

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