United States 112th Congress Status: Died 1 R cosponsors

HR 1611 — Clean Energy Business Zone Act of 2011

Last action — Referred to House Small Business

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  1. ✓
    Introduced
  2. ✓
    In Committee
  3. Died in session

This bill died with 112th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

Clean Energy Business Zone Act of 2011 and the Clean Energy Empowerment Zone Act of 2011 - Amends the Internal Revenue Code to: (1) authorize the Secretary of the Treasury to designate 40 clean energy business zones between 2011 and 2014, (2) allow an increased tax credit for wages paid in such a zone, (3) allow a work opportunity tax credit for wages paid to an employee in such a zone, (4) allow financing of any qualified Green building or clean energy facility with clean renewable energy bonds, (5) allow increased expensing of property in such a zone, and (6) allow an exclusion from gross income of gain from the sale or exchange or any clean energy business zone asset held for more than five years. Amends the Small Business Act and the Small Business Investment Act of 1958 to waive loan fees for qualified Green building and clean energy facility loans made before 2022.

Bill Text

We don't have the full text on file for this bill yet.

Read HR 1611 on the official United States source →

Action History

  1. Referred to House Small Business

  2. Referred to House Ways and Means

  3. Referred to the Committee on Ways and Means, and in addition to the Committee on Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 546 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (546)

546 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

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Subjects

taxation labor agriculture energy
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Frequently asked questions

What does HR 1611 do?
Clean Energy Business Zone Act of 2011 and the Clean Energy Empowerment Zone Act of 2011 - Amends the Internal Revenue Code to: (1) authorize the Secretary of the Treasury to designate 40 clean energy business zones between 2011 and 2014, (2) allow an increased tax credit for wages paid in such a zone, (3) allow a work opportunity tax credit for wages paid to an employee in such a zone, (4) allow financing of any qualified Green building or clean energy facility with clean renewable energy bonds, (5) allow increased expensing of property in such a zone, and (6) allow an exclusion from gross income of gain from the sale or exchange or any clean energy business zone asset held for more than five years. Amends the Small Business Act and the Small Business Investment Act of 1958 to waive loan fees for qualified Green building and clean energy facility loans made before 2022.
Who sponsors HR 1611?
HR 1611 is sponsored by Michael Grimm (Republican).
What is the current status of HR 1611?
This bill died with 112th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track HR 1611?
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Last checked for changes about 12 hours ago · updated continuously

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