Summary: Energy Improvement and Extension Act of 2008 - Amends the Internal Revenue Code to extend and modify expiring provisions related to energy production and conservation and to provide for revenue enhancements.Title I: Energy Production Incentives - Subtitle A: Renewable Energy Incentives - (Sec. 101) Extends the tax credit for the production of electricity from renewable resources: (1) through 2009 for wind and refined coal facilities; and (2) through 2010 for closed and open-loop biomass, geothermal or solar energy, small irrigation power, landfill gas, trash combustion, and hydropower facilities. Modifies tax credit rules for refined coal, trash, and biomass facilities and for hydropower production.(Sec. 102) Includes marine and hydrokinetic renewable energy as a resource for purposes of the tax credit for producing electricity from renewable resources. (Sec. 103) Extends through 2016 the energy tax credit for solar energy, fuel cell, and microturbine property. Allows a new energy tax credit for combined heat and power system property. Increases to $1,500 the credit limitation for fuel cell property. Modifies energy tax credit rules to allow: (1) offsets of tax credit amounts against alternative minimum tax (AMT) liabilities; and (2) public utility property to qualify for such credit.(Sec. 104) Allows an energy tax credit through 2016 for qualified small wind energy property. Defines "qualified wind energy property" as property which uses a small wind turbine which has a nameplate capacity of not more than 100 kilowatts to generate electricity. (Sec. 105) Allows an energy tax credit through 2016 for equipment which uses ground or ground water as a thermal energy source for heating or cooling (geothermal heat pump systems).(Sec. 106) Extends through 2016 the tax credit for residential energy efficient property. Eliminates the limitation on the tax credit for solar electric property. Allows a residential energy tax credit for 30% of small wind energy and geothermal heat pump property expenditures.(Sec. 107) Allows a new tax credit for investment in new clean renewable energy bonds for capital expenditures for renewable energy facilities.Extends through 2009 the authority to issue clean renewable energy bonds.(Sec. 108) Includes steel industry fuel as a renewable resource for purposes of the tax credit for producing electricity from renewable resources. Defines "steel industry fuel" as fuel that: (1) is produced by liquefying coal waste sludge and distributing it on coal; and (2) is used as a feedstock for the manufacture of coke.(Sec. 109) Extends through 2009 the deferral of tax on the gain on sales of transmission property by vertically-integrated electric utilities to independent transmission companies approved by the Federal Energy Regulatory Commission (FERC).Subtitle B: Carbon Mitigation and Coal Provisions - (Sec. 111) Allows a 30% investment tax credit rate for advanced coal-based generation technology projects and increases the maximum credit amounts allocable for such projects to $2.55 billion.Authorizes additional carbon energy projects, including projects for the capture and and sequestration of carbon dioxide. (Sec. 112) Increases to 30% the investment tax credit rate for coal gasification projects and the aggregate credit amount for such projects.(Sec. 113) Extends the excise tax on coal until the earlier of December 31, 2018, or the day after the first December 31st after December 31, 2007, on which there is no balance of repayable advances made to the Black Lung Disability Trust Fund and no unpaid interest on such advances. Makes a one-time appropriation to the Trust Fund to pay the difference between the market value of outstanding repayable advances (plus accrued interest), and the proceeds from the obligations issued by such Trust Fund to the Secretary of the Treasury.(Sec. 114) Sets forth special rules for refund claims of the coal excise tax by certain coal producers and exporters.(Sec. 115) Allows a new tax credit for carbon dioxide sequestration.(Sec. 116) Provides for the treatment of certain income and gains from industrial source carbon dioxide as qualifying income for publicly traded partnerships. (Sec. 117) Directs the Secretary of the Treasury to contract with the National Academy of Sciences for a comprehensive review of Internal Revenue Code provisions that have the largest effects on carbon and other greenhouse gas emissions and to estimate the magnitude of those effects. Requires the Academy to report to Congress on the results of such study not later than two years after the enactment of this Act. Authorizes appropriations.Title II: Transportation and Domestic Fuel Security Provisions - (Sec. 201) Includes cellulosic biofuel within the definition of biomass ethanol plant property for purposes of bonus depreciation. (Sec. 202) Extends through 2009 income and excise tax credits for biodiesel and renewable diesel used as fuel. Increases the rates of such credits.(Sec. 203) Disqualifies foreign-produced fuel that is used or sold for use outside the United States from the income and excise tax credits for alcohol, biodiesel, and alternative fuel production.(Sec. 204) Extends through 2009 the excise tax credit for alternative fuel and fuel mixtures. Requires such fuels to include compressed or liquefied biomass gas and to meet certain carbon capture requirements. (Sec. 205) Allows a new tax credit for new qualified plug-in electric drive motor vehicles. Limits the amount of such credit based upon the gross vehicle weight rating of such vehicles. Terminates such credit after 2014.(Sec. 206) Allows an exclusion from the heavy truck excise tax for idling reduction devices and advanced insulation used in certain heavy trucks and trailers.(Sec. 207) Extends through 2010 the tax credit for alternative fuel vehicle refueling property expenditures. Includes electricity as a clean-burning fuel for purposes of such tax credit.(Sec. 208) Provides for the treatment of certain income and gains from alcohol, biodiesel, and alternative fuels and mixtures as qualifying income for publicly traded partnerships. (Sec. 209) Extends through 2013 the taxpayer election to expense the costs of certain refinery property. (Sec. 210) Extends the suspension of the taxable income limit on percentage depletion for oil and natural gas produced from marginal properties. (Sec. 211) Allows employees to exclude reimbursements for bicycle commuting expenses from gross income. Title III: Energy Conservation and Efficiency Provisions - (Sec. 301) Allows a new tax credit for investment in qualified energy conservation bonds for capital expenditures to reduce energy consumption in public buildings, implement green community programs, develop alternative and renewable energy sources, and promote mass commuting facilities. (Sec. 302) Extends through 2009 the tax credit for nonbusiness energy property expenditures. Includes energy-efficient biomass fuel stoves as property eligible for such tax credit. Modifies tax credit standards for water heaters, geothermal heat pumps, and energy efficiency improvements.(Sec. 303) Extends through 2013 the tax deduction for energy efficient commercial buildings.(Sec. 304) Extends through 2009 the tax credit for residential energy efficiency improvements.(Sec. 305) Modifies the tax credit amounts for energy efficient household appliances produced after 2007.(Sec. 306) Allows an accelerated 10-year recovery period for the depreciation of qualified smart electric meters and smart electric grid systems. (Sec. 307) Extends through FY2012 the authority to issue tax-exempt bonds for qualified green building and sustainable design projects.(Sec. 308) Allows a 50% depreciation allowance for reuse and recycling property used to collect, distribute, or recycle certain materials, including scrap, fibers, and metals.Title IV: Revenue Provisions - Sec. 401) Reduces by 3% the tax deduction for income attributable to domestic production activities for taxpayers with income derived from activities related to oil, gas, or any primary products thereof.(Sec. 402) Revises the tax treatment of foreign oil and gas extraction income and foreign oil related income for purposes of the foreign tax credit.(Sec. 403) Includes within the reporting requirements of investment brokers the adjusted basis of any publicly traded security owned by customers of such brokers.(Sec. 404) Extends through 2009 the 0.2% Federal Unemployment Tax Act (FUTA) surtax.(Sec. 405) Increases the Oil Spill Liability Trust Fund financing rate and extends such rate through 2017.Division B: Tax Extenders and Alternative Minimum Tax Relief - Tax Extenders and Alternative Minimum Tax Relief Act of 2008 - Title I: Alternative Minimum Tax Relief - (Sec. 101) Amends the Internal Revenue Code to extend through 2008 for individual taxpayers: (1) the offset of nonrefundable personal tax credits against regular and alternative minimum tax (AMT) liability; and (2) the increased AMT exemption amounts.Increases the AMT refundable credit amount for individuals who have long-term unused minimum tax credits from prior taxable years. Abates any underpayment of tax attributable to the application of special AMT rules for the treatment of incentive stock options.Title II: Extension of Individual Tax Provisions - (Sec. 201) Extends through 2009: (1) the tax deduction for state and local sales taxes in lieu of state and local income taxes; (2) the tax deduction for qualified tuition and related expenses; (3) the tax deduction for certain expenses of elementary and secondary school teachers; (4) the additional standard tax deduction from gross income for real property taxes; (5) tax-free distributions from individual retirement plans for charitable purposes; (6) the exemption from withholding of tax of interest-related and short-term capital gain dividends received from a regulated investment company (RIC) and the special rule for RIC stock held in the estate of a nonresidents; and (7) the inclusion of a RIC within the definition of "qualified investment entity" for income tax purposes.Title III: Extension of Business Tax Provisions - (Sec. 301) Extends through 2009: (1) the tax credit for increasing research activities; (2) the new markets tax credit; (3) the subpart F income exemption for active financing income; (4) special rules for related controlled foreign corporations and for the tax treatment of certain payments to tax-exempt organizations by a controlled subsidiary; (5) accelerated depreciation for qualified leasehold and restaurant improvements and for certain improvements to retail space; (6) the special rule for reductions in the basis of S corporation stock for charitable contributions of property; (7) the increase in alcohol excise taxes payable to Puerto Rico and the Virgin Islands; (8) the economic development credit for American Samoa; (9) tax incentives for mine rescue team training and advanced mine safety equipment; (10) the tax deduction for income attributable to domestic production activities in Puerto Rico; (11) issuance authority for qualified zone academy bonds; (12) the Indian employment tax credit; (13) accelerated depreciation of business property on Indian reservations and of motorsports racing track facilities; (14) the tax credit for railroad track maintenance; (15) expensing allowances for environmental remediation costs; (16) work opportunity tax credit eligibility for Hurricane Katrina employees (through August 28, 2009); (17) the increased rehabilitation tax credit for property in the Gulf Opportunity (GO) Zone; (18) the tax deduction for corporate contributions of computer technology and equipment for educational purposes; (19) tax incentives for investment in the District of Columbia; and (20) the expanded tax deductions for charitable contributions of food and book inventories by noncorporate taxpayers.(Sec. 325) Extends through 2014: (1) the suspension of tariff duties on certain wool products; and (2) the Wool Research, Promotion, and Development Trust Fund.Title IV: Extension of Tax Administration Provisions - (Sec. 401) Makes permanent the authority of the Internal Revenue Service (IRS) to: (1) conduct undercover operations; and (2) disclose tax return information related to terrorist activities.Title V: Additional Tax Relief and Other Tax Provisions - Subtitle A: General Provisions - (Sec. 501) Lowers in 2008 (from $10,000 to $8,500) the earned income threshold amount for determining the refundable portion of the child tax credit.(Sec. 502) Amends Internal Revenue Code provisions relating to the tax deduction for domestic film and television productions to: (1) include within the income base for such deduction compensation for services performed in the United States by actors, production personnel, directors, and producers and any copyrights, trademarks, or other intangibles with respect to a film production; and (2) allow a deduction for partners or S corporation shareholders who own at least a 20% interest in a film project.(Sec. 503) Exempts from the excise tax on bows and arrows certain shafts consisting of all natural wood that after assembly measure 5/16 of an inch or less in diameter and that are not suitable for use with bows that would otherwise be subject to such tax (having a peak draw weight of 30 pounds or more).(Sec. 504) Allows taxpayers who are plaintiffs in the civil action In re Exxon Valdez, No. 89-095-CV (HRH) (Consolidated) (D. Alaska), or their heirs or dependents, to: (1) elect to average, for income tax purposes, income received in settlement of such civil action; and (2) make a limited contribution of such settlement income to certain tax-exempt retirement plans in the year such income is received.(Sec. 505) Allows accelerated depreciation (i.e., five-year recovery period) for certain farming business machinery or equipment placed in service before January 1, 2010.(Sec. 506) Modifies the standards for imposing penalties on tax return preparers for understatements of tax to require: (1) substantial authority for a position with respect to an item on a tax return if such position was not disclosed with the return; and (2) a reasonable basis for a position that was disclosed with the return. Requires tax return preparers to have a reasonable belief that a position with respect to a tax shelter or a reportable transaction (a transaction having a potential for tax avoidance or evasion) will more likely than not be sustained on its merits.Subtitle B: Paul Wellstone and Pete Domenici Mental Health Parity and Addiction Equity Act of 2008 - Paul Wellstone and Pete Domenici Mental Health Parity and Addiction Equity Act of 2008 - (Sec. 512) - Amends the Employee Retirement Income Security Act of 1974 (ERISA), the Public Health Service Act, and the Internal Revenue Code to require a group health plan that provides both medical and surgical benefits and mental health or substance use disorder benefits to ensure that: (1) the financial requirements, such as deductibles and copayments, applicable to such mental health or substance use disorder benefits are no more restrictive than the predominant financial requirements applied to substantially all medical and surgical benefits covered by the plan; (2) there are no separate cost sharing requirements that are applicable only with respect to mental health or substance use disorder benefits; (3) the treatment limitations applicable to such mental health or substance use disorder benefits are no more restrictive than the predominant treatment limitations applied to substantially all medical and surgical benefits covered by the plan; and (4) there are no separate treatment limitations that are applicable only with respect to mental health or substance use disorder benefits.Requires the criteria for medical necessity determinations and the reason for any denial of reimbursement or payment for services made under the plan with respect to mental health or substance use disorder benefits to be made available by the plan administrator.Requires the plan to provide out-of network coverage for mental health or substance use disorder benefits if the plan provides coverage for medical or surgical benefits provided by out-of network providers.Exempts from the requirements of this Act a group health plan if the application of this Act results in an increase for the plan year of the actual total costs of coverage with respect to medical and surgical benefits and mental health and substance use disorder benefits by an amount that exceeds 2% for the first plan year and 1% for each subsequent plan year. Requires determinations as to increases in actual costs under a plan to be made and certified by a qualified and licensed actuary. Requires determinations for such an exemption to be made after such plan has complied with this Act for the first six months of the plan year.Sets forth requirements for notifications of exemptions under this Act, including notification of the Secretary of Health and Human Services, the appropriate state agencies, and participants and beneficiaries in the plan.Authorizes the Secretary and the appropriate state agency to audit the books and records of a group health plan relating to an exemption.Directs the Secretary to: (1) report to the appropriate congressional committees on compliance of group health plans with the requirements of this Act; and (2) publish guidance and information concerning the requirements of this Act and provide assistance concerning such requirements and the continued operation of applicable state law. Requires the Comptroller General to report to Congress on the specific rates, patterns, and trends in coverage and exclusion of specific mental health and substance use disorder diagnoses by health plans and health insurance.Title VI: Other Provisions - (Sec. 601) Revises the provisions of the Secure Rural Schools and Community Self-Determination Act of 2000.Provides for: (1) calculating payments to eligible states, counties, and territories for FY2008-FY2011 and; (2) the making of transition payments for FY2008-FY2010 to California, Louisiana, Oregon, Pennsylvania, South Carolina, South Dakota, Texas, and Washington. Sets forth distribution, election, and expenditure rules.Permits eligible electing counties to expend a portion of funds received for the protection, restoration, and enhancement of fish and wildlife habitat, and other consistent resource objectives upon project approval.Sets forth requirements for a merchantable timber contracting pilot program.Revises provisions concerning resource advisory committees and the use and availability of project funds for projects submitted by such committees. Terminates authority to initiate projects on September 30, 2011.Revises provisions for the use of county funds for certain projects. Requires certification by participating counties that county funds have been expended only for authorized uses. Terminates authority to initiate such projects on September 30, 2011.Authorizes appropriations for FY2008-FY2011 to carry out the Secure Rural Schools and Community Self-Determination Act of 2000.Amends the Act of May 23, 1908, and the Weeks Law to prescribe that an amount equal to the annual average of 25% of all amounts received for the applicable fiscal year and each of the preceding six fiscal years from each national forest (under current law, 25% of all moneys received during any fiscal year) be paid at the end of such year to eligible states and counties for the benefit of public schools and public roads in which such forests are situated.Amends federal law regarding payment in lieu of taxes to provide, for FY2008-FY2012, for each county or other eligible unit of local government to be entitled to payment for entitlement land (certain land owned by the U.S. government).(Sec. 602) Amends the Surface Mining Control and Reclamation Act of 1977 to require the transfer of $9 million on October 1, 2010, to the United Mine Workers of America Combined Benefit Fund to provide for refunds of certain health benefit premiums, death benefit premiums, and unassigned beneficiaries premiums.Title VII: Disaster Relief - Subtitle A: Heartland and Hurricane Ike Disaster Relief - Heartland Disaster Tax Relief Act of 2008 - Makes certain provisions of the Internal Revenue Code providing tax benefits to residents of the Gulf Opportunity (GO) Zone and the Hurricane Katrina disaster areas, including provisions for tax-exempt bond financing, the low-income housing tax credit, an increased rehabilitation tax credit, education and housing tax benefits, employee retention tax credits, and tax-exempt bond financing, applicable to residents of the Midwestern disaster area on a similar basis. Defines "Midwestern disaster area" as an area in which a major disaster has been declared by the President on or after May 20, 2008, and before August 1, 2008, under the Robert T. Stafford Disaster Relief and Emergency Assistance Act by reason of severe storms, tornados, or flooding occurring in any of the states of Arkansas, Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, and Wisconsin. (Sec. 703) Includes within the reporting requirements of tax-exempt public charities information about disaster relief activities and contributions received for those purposes. (Sec. 704) Extends through 2010 tax-exempt bond financing and low-income housing tax credit benefits to the Hurricane Ike disaster area. Defines the "Hurricane Ike disaster area" as an area in Texas or Louisiana that was declared a major disaster area by the President by reason of Hurricane Ike and that was determined by the President to warrant federal assistance.Subtitle B: National Disaster Relief - (Sec. 706) Waives the 10% adjusted gross income limitation on personal casualty losses for losses sustained from a federally declared disaster occurring before January 1, 2010. Defines "federally declared disaster" as any disaster determined by the President to warrant federal assistance under the Robert T. Stafford Relief and Emergency Assistance Act. Increases the standard tax deduction by a taxpayer's net disaster loss (i.e., personal casualty losses in a disaster area over personal casualty gains). Increases until December 31, 2009, the threshold for deductible casualty losses from $100 to $500.(Sec. 707) Allows the expensing of business-related costs incurred due to a federally declared disaster for: (1) the abatement or control of hazardous substances; (2) removal of debris or demolition of damaged structures; or (3) repair of damaged property.(Sec. 708) Provides for a five-year carryback period for net operating losses attributable to a federally declared disaster. Allows such losses as a deduction in computing alternative minimum taxable income.(Sec. 709) Modifies certain mortgage revenue bond requirements for principal residences damaged or destroyed in a federally declared disaster occurring before January 1, 2010.(Sec. 710) Allows accelerated depreciation and increases the expensing allowance for qualified disaster assistance property. Defines "qualified disaster assistance property" to include nonresidential real or residential rental property in a federally declared disaster area.Title VIII: Spending Reductions and Appropriate Revenue Raisers for New Tax Relief Policy - (Sec. 801) Requires the inclusion in gross income for income tax purposes of employee compensation deferred under a nonqualified deferred compensation plan of a nonqualified entity when there is no substantial risk of forfeiture of the rights to such compensation. Defines "nonqualified entity" as any foreign corporation unless substantially all of its income is: (1) effectively connected with a trade or business in the United States; or (2) subject to a comprehensive foreign income tax. Includes certain partnerships within such definition.

energy improvement extension act amends_the_internal_revenue_code extend modify expiring provisions related energy production conservation provide revenue enhancements title energy production incentives subtitle renewable energy incentives sec extends tax credit production electricity renewable resources wind refined coal facilities closed open loop biomass geothermal solar energy small irrigation power landfill gas trash combustion hydropower facilities modifies tax credit rules refined coal trash biomass facilities hydropower includes marine hydrokinetic renewable energy resource purposes tax credit producing electricity renewable resources sec extends energy tax credit solar energy fuel cell microturbine property allows new energy tax credit combined heat power system property increases credit limitation fuel cell property modifies energy tax credit rules allow offsets tax credit amounts alternative minimum tax amt liabilities public utility property qualify allows energy tax credit qualified small wind energy property defines qualified wind energy property property uses small wind turbine nameplate capacity kilowatts generate electricity sec allows energy tax credit equipment uses ground ground water thermal energy source heating cooling geothermal heat pump extends tax credit residential energy efficient property eliminates limitation tax credit solar electric property allows residential energy tax credit small wind energy geothermal heat pump property allows new tax credit investment new clean renewable energy bonds capital expenditures renewable energy facilities extends authority issue clean renewable energy includes steel industry fuel renewable resource purposes tax credit producing electricity renewable resources defines steel industry fuel fuel produced coal waste sludge distributing coal feedstock manufacture extends deferral tax gain sales transmission property integrated electric utilities independent transmission companies approved federal_energy_regulatory_commission carbon mitigation coal provisions sec allows investment tax credit rate advanced coal based generation technology projects increases maximum credit amounts allocable projects billion authorizes additional carbon energy projects including projects capture sequestration carbon dioxide sec increases investment tax credit rate coal gasification projects aggregate credit extends excise tax coal earlier december day december december balance repayable advances black lung disability trust_fund unpaid interest advances makes time appropriation trust_fund pay difference market value outstanding repayable advances plus accrued interest proceeds obligations issued trust_fund secretary sets forth special rules refund claims coal excise tax certain coal producers allows new tax credit carbon dioxide provides treatment certain income gains industrial source carbon dioxide qualifying income publicly traded partnerships sec directs secretary treasury contract national_academy_of_sciences comprehensive review internal_revenue_code provisions largest effects carbon greenhouse gas emissions estimate magnitude effects requires academy report congress results study later years enactment act authorizes appropriations title transportation domestic fuel security provisions sec includes cellulosic biofuel definition biomass ethanol plant property purposes bonus depreciation sec extends income excise tax credits biodiesel renewable diesel fuel increases rates disqualifies foreign produced fuel sold use outside united_states income excise tax credits alcohol biodiesel alternative fuel extends excise tax credit alternative fuel fuel mixtures requires fuels include compressed liquefied biomass gas meet certain carbon capture requirements sec allows new tax credit new qualified plug electric drive motor vehicles limits credit based gross vehicle weight rating vehicles terminates credit allows exclusion heavy truck excise tax idling reduction devices advanced insulation certain heavy trucks extends tax credit alternative fuel vehicle refueling property expenditures includes electricity clean burning fuel purposes tax provides treatment certain income gains alcohol biodiesel alternative fuels mixtures qualifying income publicly traded partnerships sec extends taxpayer election expense costs certain refinery property sec extends suspension taxable income limit percentage depletion oil natural gas produced marginal properties sec allows employees exclude reimbursements bicycle commuting expenses gross income title iii energy conservation efficiency provisions sec allows new tax credit investment qualified energy conservation bonds capital expenditures reduce energy consumption public buildings implement green community programs develop alternative renewable energy sources promote mass commuting facilities sec extends tax credit nonbusiness energy property expenditures includes energy efficient biomass fuel stoves property eligible tax credit modifies tax credit standards water heaters geothermal heat pumps energy efficiency extends tax deduction energy efficient commercial extends tax credit residential energy efficiency modifies tax credit amounts energy efficient household appliances produced allows accelerated year recovery period depreciation qualified smart electric meters smart electric grid systems sec extends fy2012 authority issue tax exempt bonds qualified green building sustainable design allows depreciation allowance reuse recycling property collect distribute recycle certain materials including fibers metals title revenue provisions sec reduces tax deduction income attributable domestic production activities taxpayers income derived activities related oil gas primary products revises tax treatment foreign oil gas extraction income foreign oil related income purposes foreign tax includes reporting requirements investment brokers adjusted basis publicly traded security owned customers extends federal unemployment tax act futa increases oil_spill_liability_trust_fund financing rate extends rate tax extenders alternative minimum tax relief tax extenders alternative minimum tax relief_act title alternative minimum tax relief sec amends_the_internal_revenue_code extend individual taxpayers offset nonrefundable personal tax credits regular alternative minimum tax amt liability increased amt exemption amounts increases amt refundable credit individuals long term unused minimum tax credits prior taxable years underpayment tax attributable application special amt rules treatment incentive stock options title extension individual tax provisions sec extends tax deduction state local sales taxes lieu state local income taxes tax deduction qualified tuition related expenses tax deduction certain expenses elementary secondary school teachers additional standard tax deduction gross income real property taxes tax free distributions individual retirement plans charitable purposes exemption withholding tax interest related short term capital gain dividends received regulated investment company ric special rule ric stock held estate nonresidents inclusion ric definition qualified investment entity income tax purposes title iii extension business tax provisions sec extends tax credit increasing research activities new markets tax credit subpart income exemption active financing income special rules related controlled foreign corporations tax treatment certain payments tax exempt organizations controlled subsidiary accelerated depreciation qualified leasehold restaurant improvements certain improvements retail space special rule reductions basis corporation stock charitable contributions property increase alcohol excise taxes payable puerto_rico virgin_islands economic development credit american_samoa tax incentives rescue team training advanced safety equipment tax deduction income attributable domestic production activities puerto_rico issuance authority qualified zone academy bonds indian_employment tax credit accelerated depreciation business property indian reservations motorsports racing track facilities tax credit railroad track maintenance expensing allowances environmental remediation costs work opportunity tax credit eligibility hurricane katrina employees august increased rehabilitation tax credit property gulf_opportunity zone tax deduction corporate contributions computer technology equipment educational purposes tax incentives investment district_of_columbia expanded tax deductions charitable contributions food book inventories noncorporate extends suspension tariff duties certain wool products wool research promotion development trust_fund title extension tax administration provisions sec makes permanent authority internal_revenue_service irs conduct undercover operations disclose tax return information related terrorist activities title additional tax relief tax provisions subtitle general_provisions sec lowers earned income threshold determining refundable portion child tax amends internal_revenue_code provisions relating tax deduction domestic film television productions include income base deduction compensation services performed united_states actors production personnel directors producers copyrights trademarks respect film production allow deduction partners corporation shareholders interest film exempts excise tax bows arrows certain shafts consisting natural wood assembly measure diameter suitable use bows subject tax having peak draw weight pounds allows taxpayers plaintiffs civil action valdez consolidated alaska heirs dependents elect average income tax purposes income received settlement civil action limited contribution settlement income certain tax exempt retirement plans year income allows accelerated depreciation year recovery period certain farming business machinery equipment placed service january modifies standards imposing penalties tax return preparers understatements tax require substantial authority position respect item tax return position disclosed return reasonable basis position disclosed return requires tax return preparers reasonable belief position respect tax shelter reportable transaction transaction having potential tax avoidance evasion likely sustained merits subtitle paul mental health parity addiction equity act paul mental health parity addiction equity act sec amends employee retirement income security act erisa public_health_service_act internal_revenue_code require group health plan provides medical surgical benefits mental health substance use disorder benefits ensure financial requirements deductibles copayments applicable mental health substance use disorder benefits restrictive predominant financial requirements applied substantially medical surgical benefits covered plan separate cost sharing requirements applicable respect mental health substance use disorder benefits treatment limitations applicable mental health substance use disorder benefits restrictive predominant treatment limitations applied substantially medical surgical benefits covered plan separate treatment limitations applicable respect mental health substance use disorder benefits requires criteria medical necessity determinations reason denial reimbursement payment services plan respect mental health substance use disorder benefits available plan administrator requires plan provide network coverage mental health substance use disorder benefits plan provides coverage medical surgical benefits provided network providers exempts requirements act group health plan application act results increase plan year actual total costs coverage respect medical surgical benefits mental health substance use disorder benefits exceeds plan year subsequent plan year requires determinations increases actual costs plan certified qualified licensed actuary requires determinations exemption plan complied act months plan year sets forth requirements notifications exemptions act including notification secretary health_and_human_services appropriate state agencies participants beneficiaries plan authorizes secretary appropriate state agency audit books records group health plan relating exemption directs secretary report appropriate congressional committees compliance group health plans requirements act publish guidance information concerning requirements act provide assistance concerning requirements continued operation applicable state law requires comptroller_general report congress specific rates patterns trends coverage exclusion specific mental health substance use disorder diagnoses health plans health insurance title provisions sec revises provisions secure_rural_schools community self determination act calculating payments eligible states counties territories fy2008 fy2011 making transition payments fy2008 fy2010 california louisiana oregon pennsylvania south_carolina south_dakota texas washington sets forth distribution election expenditure rules permits eligible electing counties expend portion funds received protection restoration enhancement fish wildlife habitat consistent resource objectives project approval sets forth requirements merchantable timber contracting pilot program revises provisions concerning resource advisory committees use availability project funds projects submitted committees terminates authority initiate projects september provisions use county funds certain projects requires certification participating counties county funds expended authorized uses terminates authority initiate projects september appropriations fy2008 fy2011 carry secure_rural_schools community self determination act act weeks law prescribe equal annual average amounts received applicable fiscal year preceding fiscal years national_forest current law moneys received fiscal year paid end year eligible states counties benefit public schools public roads forests situated amends federal law payment lieu taxes provide fy2008 fy2012 county eligible unit local government entitled payment entitlement land certain land owned amends surface_mining_control_and_reclamation_act require transfer million october united_mine_workers_of_america combined benefit fund provide refunds certain health benefit premiums death benefit premiums beneficiaries premiums title vii disaster relief subtitle hurricane ike disaster relief disaster tax relief_act makes certain provisions internal_revenue_code providing tax benefits residents gulf_opportunity zone hurricane katrina disaster areas including provisions tax exempt bond financing low income housing tax credit increased rehabilitation tax credit education housing tax benefits employee retention tax credits tax exempt bond financing applicable residents disaster area similar basis defines disaster area area major disaster declared president august robert stafford disaster relief emergency assistance_act reason severe storms flooding occurring states arkansas illinois indiana iowa kansas michigan minnesota missouri nebraska wisconsin sec includes reporting requirements tax exempt public charities information disaster relief activities contributions received purposes sec extends tax exempt bond financing low income housing tax credit benefits hurricane ike disaster area defines hurricane ike disaster area area texas louisiana declared major disaster area president reason hurricane ike determined president warrant federal assistance subtitle national disaster relief sec waives adjusted gross income limitation personal casualty losses losses sustained federally declared disaster occurring january defines federally declared disaster disaster determined president warrant federal assistance robert stafford relief emergency assistance_act increases standard tax deduction taxpayer net disaster loss personal casualty losses disaster area personal casualty gains increases december threshold deductible casualty losses allows expensing business related costs incurred federally declared disaster abatement control hazardous substances removal debris demolition damaged structures repair damaged provides year carryback period net operating losses attributable federally declared disaster allows losses deduction computing alternative minimum taxable modifies certain mortgage revenue bond requirements principal residences damaged destroyed federally declared disaster occurring january allows accelerated depreciation increases expensing allowance qualified disaster assistance property defines qualified disaster assistance property include nonresidential real residential rental property federally declared disaster area title viii spending reductions appropriate revenue new tax relief policy sec requires inclusion gross income income tax purposes employee compensation deferred nonqualified deferred compensation plan nonqualified entity substantial risk forfeiture rights compensation defines nonqualified entity foreign corporation substantially income effectively connected trade business united_states subject comprehensive foreign income tax includes certain partnerships definition


Summary: Green Schools Act - Directs the Administrator of the Environmental Protection Agency (EPA) to establish a program awarding matching grants to local educational agencies for green school construction and improvement projects that create healthy learning environments while saving natural resources and money. Amends the Internal Revenue Code to extend, through 2012, the Qualified Zone Academy Bond program (which provides tax credits to the holders of such bonds, which in turn finance low or no interest loans for the improvement of public schools serving low-income areas). Requires public school rehabilitation, repair, or equipment financed through such bonds to serve the green goals of creating healthy learning environments while saving natural resources and money.

green schools act_-_directs administrator environmental_protection_agency epa establish program awarding matching grants local educational agencies green school construction improvement projects create healthy learning environments saving natural resources money amends_the_internal_revenue_code extend qualified zone academy bond program provides tax credits holders bonds turn finance low interest loans improvement public schools serving low income areas requires public school rehabilitation repair equipment financed bonds serve green goals creating healthy learning environments saving natural resources money


Summary: Directs the Administrator of the Federal Highway Administration to establish a three-year pilot program to provide states with grants to reimburse commuters (except anyone already receiving mileage reimbursement from an employer) for the cost of gasoline for not more than 30 miles a day. Specifies reimbursement levels based on a commuter vehicle's estimated fuel economy rating by the Environmental Protection Agency (EPA). Requires such a reimbursement to be available to a commuter only if: (1) the average cost of gasoline across the country exceeds $2.75 per gallon; and (2) the state has sufficient funds to provide such reimbursement.

directs administrator federal_highway_administration establish year pilot program provide states grants reimburse commuters receiving mileage reimbursement employer cost gasoline miles day specifies reimbursement levels based commuter vehicle estimated fuel economy rating environmental_protection_agency epa requires reimbursement available commuter average cost gasoline country exceeds gallon state sufficient funds provide reimbursement


Summary: National Capital Region Leadership in Environmental and Energy Stewardship Commission Act - Establishes the National Capital Region Leadership in Environmental and Energy Stewardship Commission, requiring it to: (1) analyze the overall facility environmental and energy footprint and impact of the federal government in the National Capital Region; (2) hold a nationwide competition for a cash prize to find innovative solutions to significantly eliminate such emissions and reduce dependence on the national power grid by making local combustion facilities climate neutral or implementing other technologies to achieve the same goals; (3) analyze existing and upcoming technologies which the government can implement to eliminate facility pollution and reduce dependence on the national power grid; and (4) recommend appropriate ways for the government to significantly eliminate facility pollution emissions, including greenhouse gases, and reduce its dependence on the national electrical grid.

national_capital_region leadership environmental energy stewardship commission act establishes national_capital_region leadership environmental energy stewardship commission requiring analyze overall facility environmental energy footprint impact federal_government national_capital_region hold nationwide competition cash prize find innovative solutions significantly eliminate emissions reduce dependence national power grid making local combustion facilities climate neutral implementing technologies achieve goals analyze existing upcoming technologies government implement eliminate facility pollution reduce dependence national power grid recommend appropriate ways government significantly eliminate facility pollution emissions including greenhouse gases reduce dependence national electrical grid


Summary: Requires the Secretary of Energy to make loan guarantees for renovation projects that: (1) are eligible under the Energy Policy Act of 2005 guarantee program as projects that avoid, reduce, or sequester air pollutants or greenhouse gases and employ new or significantly improved technologies; and (2) will result in a building achieving the United States Green Building Council Leadership in Energy and Environmental Design certified level or meeting a comparable standard approved by the Secretary.Prohibits such guarantees unless: (1) an appropriation for the cost has been made or the Secretary has received from the borrower and deposited into the Treasury a payment in full for the cost of the obligation; or (2) the Secretary determines that there is a reasonable prospect of repayment of the principal and interest on the obligation by the borrower. Limits the amount of loans that may be guaranteed at any one time to no more than $100 million. Sets forth provisions concerning: (1) the terms of obligations; (2) payments by the Secretary to the holders of the obligation for the borrower; and (3) actions by the Attorney General to recover unpaid principal and interest from a defaulting borrower.

requires secretary energy loan guarantees renovation projects eligible energy policy act guarantee program projects avoid reduce sequester air pollutants greenhouse gases employ new significantly improved technologies result building achieving united_states green building council leadership energy environmental design certified level meeting comparable standard approved secretary prohibits guarantees appropriation cost secretary received borrower deposited treasury payment cost obligation secretary determines reasonable repayment principal interest obligation borrower limits loans guaranteed time million sets forth provisions concerning terms obligations payments secretary holders obligation borrower actions attorney general recover unpaid principal interest defaulting borrower


Summary: Helping Home Owners Make Energy-Efficiency Residential Upgrades Now Act of 2008 or the H-HOMERUN Act of 2008 - Requires the Secretary of Housing and Urban Development to establish a program to make direct loans for energy efficiency improvements for single family housing. Sets forth loan requirements.Directs the Secretary to require that the total present value cost of such improvement is less than the total present value of the energy saved over the useful life of the improvement. Requires such cost and savings to be determined pursuant to a home energy rating report based upon a physical inspection of the property by a home energy rating system, or energy consultant, approved by the Secretary. Requires the aggregate outstanding principal balance of direct loans to not at any time exceed $100 billion.Amends the Housing and Community Development Act of 1992 to prohibit the Secretary from establishing a maximum limitation on the cost of the cost-effective energy efficiency improvements to be financed by an energy efficient mortgage provided under the Energy Efficient Mortgages Program. Requires a mortgagor to pay on account of the cost-effective energy efficiency improvements for which the mortgage is made at least 5% of the Secretary's estimate of the cost of acquisition and/or installation.

helping home owners energy efficiency residential upgrades act act requires secretary housing_and_urban_development establish program direct_loans energy efficiency improvements single family housing sets forth loan requirements directs secretary require total present value cost improvement total present value energy saved useful life improvement requires cost savings determined pursuant home energy rating report based physical inspection property home energy rating system energy consultant approved secretary requires aggregate outstanding principal balance direct_loans time exceed billion amends housing_and_community_development_act prohibit secretary establishing maximum limitation cost cost effective energy efficiency improvements financed energy efficient mortgage provided energy efficient mortgages program requires mortgagor pay account cost effective energy efficiency improvements mortgage secretary estimate cost acquisition installation


Summary: Requires the Secretary of Energy to: (1) expand the Energy Star program to include the certification of buildings as green buildings; and (2) study and make recommendations concerning the streamlining of the certification process, development of an online certification program, and design of a program allowing certification by those without green building expertise.Defines "green building" as a building constructed taking into account sustainable site development, water savings, energy efficiency, materials selection, indoor environmental quality, life-cycle concerns of building materials (including emissions and environmental impact), and transit and density-oriented development.Requires a report to Congress setting forth the design of the expanded program.

requires secretary energy expand energy_star program include certification buildings green buildings study recommendations concerning streamlining certification process development online certification program design program allowing certification green building expertise defines green building building constructed taking account sustainable site development water savings energy efficiency materials selection indoor environmental quality life cycle concerns building materials including emissions environmental impact transit density oriented development requires report congress setting forth design expanded program


Summary: Energy Efficient and Environmentally Friendly Automobile Tax Credit Act of 2008 - Amends the Internal Revenue Code to allow individual and business taxpayers: (1) a tax credit for up to $2,000 of the cost of replacing a passenger automobile with another passenger automobile that is at least 20% more fuel efficient; and (2) tax deductions for state and local taxes and loan interest for the replacement automobile.

energy efficient environmentally friendly automobile tax credit act amends_the_internal_revenue_code allow individual business taxpayers tax credit cost replacing passenger automobile passenger automobile fuel efficient tax deductions state local taxes loan interest replacement automobile


Summary: Authorizes the Chief Administrative Officer (CAO) of the House of Representatives to carry out a series of demonstration projects to promote the use of innovative technologies in reducing energy consumption and promoting energy efficiency and cost savings in the House of Representatives.Authorizes the CAO to enter into contracts with entities that have developed new methods of using energy more efficiently, generating electric power in a more sustainable manner, or improving the efficiency and lowering the costs of existing renewable power systems, consistent with regulations promulgated by the Committee on House Administration for CAO contracts.Requires the CAO, upon completion of each project, to report to the Committees on House Administration and Appropriations, including the CAO's analysis of the extent to which the project reduced energy consumption and promoted energy efficiency and cost savings.Authorizes appropriations.

authorizes chief administrative officer house_of_representatives carry series demonstration projects promote use innovative technologies reducing energy consumption promoting energy efficiency cost savings house_of_representatives authorizes enter contracts entities developed new methods energy efficiently generating electric power sustainable manner improving efficiency lowering costs existing renewable power systems consistent regulations promulgated committee house administration contracts requires completion project report committees house administration appropriations including analysis extent project reduced energy consumption promoted energy efficiency cost savings authorizes appropriations


Summary: Open Fuel Standard Act of 2008 or the OFS Act - Amends federal transportation law to require each light-duty automobile manufacturer's annual inventory to comprise at least: (1) 50% fuel choice-enabling automobiles in years 2012-2014; and (2) 80% fuel choice-enabling automobiles in 2015, and in each subsequent year. Defines "fuel choice-enabling automobile" as: (1) a flexible fuel automobile capable of operating on gasoline, E85, and M85; or (2) an automobile capable of operating on biodiesel fuel. Authorizes a manufacturer to request an exemption from such requirement from the Secretary of Transportation. Requires: (1) each manufacturer that receives an exemption to place a label on each exempted automobile; and (2) each exempted light-duty automobile delivered to a dealer and first purchaser to be accompanied with a written notification of such exemption.

open fuel standard act act_-_amends federal transportation law require light duty automobile manufacturer annual inventory comprise fuel choice enabling automobiles years fuel choice enabling automobiles subsequent year defines fuel choice enabling automobile flexible fuel automobile capable operating gasoline e85 automobile capable operating biodiesel fuel authorizes manufacturer request exemption requirement secretary transportation requires manufacturer receives exemption place label exempted automobile exempted light duty automobile delivered dealer purchaser accompanied written notification exemption


Summary: Home Heating Fuels Cost Relief Act of 2008 - Amends the Internal Revenue Code to allow an income-based refundable tax credit for up to $1,000 ($2,000 in the case of a joint return) of the cost of heating oil, natural gas, and propane to heat a principal residence. Terminates such credit after 2009.Directs the Secretary of the Treasury to make grants to states to create revolving loan funds for home weatherization loans.

home heating fuels cost relief_act amends_the_internal_revenue_code allow income based refundable tax credit case joint return cost heating oil natural gas propane heat principal residence terminates credit secretary treasury grants states create revolving loan funds home weatherization loans


Summary: Accuracy in Fuel Economy Standards Act - Requires the Secretary of Transportation to calculate maximum feasible fuel economy standards for passenger automobiles and non-passenger automobiles based on the most recent high gasoline price projection issued by the Energy Information Administration (EIA).Defines the "applicable high gasoline price projection" as the greatest of a range of estimated gasoline prices that the EIA issues as part of its annual energy outlook, short-term energy outlook, or similar analyses for: (1) the year (or years) corresponding to the model year (or model years) for which the Secretary is prescribing an average fuel economy standard; and (2) the range of years considered by the Secretary in determining the costs and benefits associated with such standard.

accuracy fuel economy standards act_-_requires secretary transportation calculate maximum feasible fuel economy standards passenger automobiles non passenger automobiles based recent high gasoline price projection issued energy_information_administration applicable high gasoline price projection greatest range estimated gasoline prices eia issues annual energy outlook short term energy outlook similar analyses year years corresponding model year model years secretary prescribing average fuel economy standard range years considered secretary determining costs benefits associated standard


Summary: Amends the Energy Conservation and Production Act to revise provisions that require states to update their building energy efficient codes. Modifies the duties of the Secretary of Energy under such Act relating to: (1) updating the national model building energy codes and standards for residential and commercial buildings; (2) reporting requirements; (3) providing technical assistance to model code-setting and standard development organizations; and (4) incentive funding to states for implementing updates of building energy efficiency codes. Requires states to certify to the Secretary that they have reviewed and updated the provisions of their residential and commercial building energy efficiency codes and to certify compliance with such codes. Imposes additional requirements on states that fail to meet compliance deadlines.

amends energy_conservation_and_production_act revise provisions require states update building energy efficient codes modifies duties secretary energy act relating updating national model building energy codes standards residential commercial buildings reporting requirements providing technical assistance model code setting standard development organizations incentive funding states implementing updates building energy efficiency codes requires states certify secretary reviewed updated provisions residential commercial building energy efficiency codes certify compliance codes imposes additional requirements states fail meet compliance deadlines


Summary: Amends the Internal Revenue Code to allow an individual taxpayer who operates a passenger automobile or light truck a tax credit based upon the average fuel economy of such vehicle. Terminates the tax credit for alternative motor vehicles.

amends_the_internal_revenue_code allow individual taxpayer operates passenger automobile light truck tax credit based average fuel economy vehicle terminates tax credit alternative motor vehicles


Summary: Amends the Internal Revenue Code to allow a tax credit for the purchase of a new neighborhood electric vehicle. Limits the amount of such credit to the lesser of $1,000 or the amount paid for such vehicle. Defines "new neighborhood electric vehicle" as a U.S. manufactured vehicle which: (1) draws propulsion energy solely from onboard sources of a rechargeable energy storage system; (2) is classified by the National Highway Traffic Safety Administration (NHTSA) as a low-speed vehicle; (3) has four wheels; (4) has a top attainable speed in one mile of more than 20 mph and not more than 35 mph on a paved level surface; and (5) has a gross vehicle weight rating of less than 2,500 pounds. Terminates such credit after 2013.

amends_the_internal_revenue_code allow tax credit purchase new neighborhood electric vehicle limits credit lesser paid vehicle defines new neighborhood electric vehicle manufactured vehicle propulsion energy solely onboard sources rechargeable energy storage system classified national_highway_traffic_safety_administration nhtsa low speed vehicle wheels speed mile level surface gross vehicle weight rating pounds terminates credit


Summary: Cleaner Trucks for America Act of 2008 - Amends the Internal Revenue Code to increase the tax credit amount for new qualified fuel cell motor vehicles with gross vehicle weight ratings of more than 26,000 pounds from $40,000 to $80,000.

cleaner trucks america act amends_the_internal_revenue_code increase tax credit new qualified fuel cell motor vehicles gross vehicle weight ratings pounds


Summary: Energy Efficient Vehicles Act - Amends the Internal Revenue Code to extend through 2018 the tax credit for alternative motor vehicles. Repeals the limitation on the number of new qualified hybrid and advanced lean-burn technology vehicles eligible for such credit.

energy efficient vehicles act amends_the_internal_revenue_code extend tax credit alternative motor vehicles repeals limitation number new qualified hybrid advanced lean burn technology vehicles eligible credit


Summary: Department of Veterans Affairs Energy Sustainability Act of 2008 - Directs the Secretary of Veterans Affairs to: (1) implement in the Department of Veterans Affairs (VA) an energy sustainability program to minimize energy consumption and encourage the use of alternative energy sources; (2) establish and maintain a database to track and report on VA energy and water expenditures; (3) complete an audit of VA energy usage during FY2009; (4) ensure VA compliance with an Executive Order and VA Directive concerning energy efficiency goals and objectives; (5) install alternative fueling stations on at least 35 VA medical facility campuses; (6) submit to Congress a plan for increasing the use of energy-efficient and renewable energy technologies in VA facilities and operations; (7) provide for the installation of individual electric sub-metering equipment at VA facilities; (8) ensure that energy-efficient products meeting VA requirements are purchased whenever the VA purchases items that consume electricity; and (9) conduct a study on water and fuel consumption by the National Cemetery Administration and ways to reduce such consumption. Establishes in the VA: (1) an Office of Energy Management; and (2) the Advisory Committee on Energy Management and Sustainability. Authorizes an increase in the dollar limit of VA grants for: (1) adaptive housing to encourage the use of high-efficiency systems and products or other energy-use reduction items; and (2) adaptive vehicles to encourage the purchase of alternative use vehicles. Directs the Secretary and the Secretary of Energy to enter into a memorandum of understanding to improve and facilitate the use of expertise of the national laboratories to evaluate energy- and water-efficient technologies for use by the VA. Authorizes the Secretary to carry out a pilot program to sell economic incentives that reduce the emission of air pollutants attributable to a VA facility.

department_of_veterans_affairs energy sustainability act directs secretary veterans_affairs implement department_of_veterans_affairs energy sustainability program minimize energy consumption encourage use alternative energy sources establish maintain database track report energy water expenditures complete audit energy usage fy2009 ensure compliance executive order directive concerning energy efficiency goals objectives install alternative fueling stations medical facility campuses submit congress plan increasing use energy efficient renewable energy technologies facilities operations provide installation individual electric sub metering equipment facilities ensure energy efficient products meeting requirements purchased purchases items consume electricity conduct study water fuel consumption national_cemetery_administration ways reduce consumption establishes office energy management advisory_committee energy management sustainability authorizes increase dollar limit grants adaptive housing encourage use high efficiency systems products energy use reduction items adaptive vehicles encourage purchase alternative use vehicles directs secretary secretary energy enter memorandum understanding improve facilitate use expertise national_laboratories evaluate energy- water efficient technologies use authorizes secretary carry pilot program sell economic incentives reduce emission air pollutants attributable facility


Summary: Energy Conservation Corps Act of 2008 - Establishes the Energy Conservation Corps in the Department of Energy (DOE) to hire for up to 24 months disadvantaged or disconnected individuals between the ages of 16 and 25 (Corps members) to work in service projects, primarily team-based, designed to increase energy efficiency and improve natural resources use.Directs the Secretary of Energy to accept applications from nonprofit, governmental, or educational organizations to establish, operate and support the Corps and to undertake projects related to energy and resource conservation and rural development. Requires such organizations to provide Corps members with access to education and job training opportunities.

energy conservation corps act establishes energy conservation corps department_of_energy doe hire months disadvantaged disconnected individuals ages corps members work service projects primarily team based designed increase energy efficiency improve natural resources use directs secretary energy accept applications nonprofit governmental educational organizations establish operate support corps undertake projects related energy resource conservation rural_development requires organizations provide corps members access education job training opportunities


Summary: Renewable Energy and Job Creation Tax Act of 2008 - Amends the Internal Revenue Code to provide tax incentives for energy conservation and production, to extend expiring provisions, and provide for revenue enhancements.Extends the tax credit for producing electricity from renewable resources: (1) through 2009 for wind facilities; and (2) through FY2011 for closed and open-loop biomass, geothermal, small irrigation power, landfill gas, trash combustion, and hydropower facilities. Includes marine and hydrokinetic renewable energy as a renewable resource for purposes of such tax credit. Extends through 2016 the energy tax credit for solar energy, fuel cell, and microturbine property. Allows a new energy tax credit for combined heat and power system property. Increases to $1,500 the credit limitation for fuel cell property. Increases and extends through 2016 the tax credit for residential energy efficient property. Eliminates the limitation on the tax credit for solar electric property. Allows a new tax credit for 30% of expenditures for wind turbines used to generate electricity in a residence and for geothermal heat pumps.Extends tax deferral provisions for the gain on sales of transmission property by vertically-integrated electric utilities to independent transmission companies approved by the Federal Energy Regulatory Commission (FERC).Allows a 30% investment tax credit rate for advanced coal-based generation technology projects and increases the maximum credit amounts allocable for such projects to $2.55 billion.Increases to 30% the investment tax credit rate for coal gasification projects. Extends the excise tax on coal through December 31, 2018. Sets forth special rules for refund claims of coal excise tax by certain coal producers and exporters.Requires the Secretary of the Treasury to undertake a comprehensive review of Internal Revenue Code provisions that have the largest effects on carbon and other greenhouse gas emissions and provide an estimate of the magnitude of such effects.Includes cellulosic biofuel within the definition of "biomass ethanol plant property" for purposes of bonus depreciation. Extends through 2009 income and excise tax credits for biodiesel and renewable diesel used as fuel. Increases the rates of such credits.Disqualifies foreign-produced fuel that is used or sold for use outside the United States from the income and excise tax credits for alcohol, biodiesel, and alternative fuel production.Allows a new tax credit for the production of qualified plug-in electric drive motor vehicles.Allows an exclusion from the heavy truck excise tax for idling reduction devices and advanced insulation used in certain heavy trucks and trailers.Allows employees to exclude reimbursements for bicycle commuting expenses from gross income.Increases and extends the tax credit for residential and commercial alternative fuel refueling property expenditures.Extends the tax credit for nonbusiness energy property expenditures through 2008. Includes energy-efficient biomass fuel stoves as property eligible for such tax credit.Extends through 2013 the tax deduction for energy efficient commercial building expenditures.Modifies tax credit amounts for energy efficient household appliances produced after 2007.Allows an accelerated 10-year recovery period for the depreciation of qualified smart electric meters and smart electric grid systems. Extends through FY2012 the authority to issue tax-exempt green building and sustainable design project bonds.Extends through 2009: (1) the tax deduction for state and local sales taxes in lieu of state and local income taxes; (2) the tax deduction for qualified tuition and related expenses; (3) the exemption from withholding of tax of interest-related and short-term capital gain dividends received from a regulated investment company (RIC) and the special rule for RIC stock held in the estate of nonresidents; (4) tax-free distributions from individual retirement plans for charitable purposes; (5) the tax deduction for certain expenses of elementary and secondary school teachers; (6) the inclusion of an RIC within the definition of "qualified investment entity" for income tax purposes; and (7) the additional standard tax deduction for real property taxes. Extends through 2009: (1) the tax credits for increasing research activities, Indian employment, railroad track maintenance, and the new markets tax credit; (2) accelerated depreciation for qualified leasehold and restaurant improvements, for motorsports racing track facilities, and for business property on Indian reservations; (3) expensing of environmental remediation costs and certain film and television production costs; (4) the tax deduction for income attributable to domestic production activities in Puerto Rico; (5) special rules for related controlled foreign corporations and for the tax treatment of certain payments to tax-exempt organizations by a controlled subsidiary; (6) issuance authority for qualified zone academy bonds; (7) tax incentives for investment in the District of Columbia; (8) the economic development credit for American Samoa; (9) the expanded tax deductions for charitable contributions of food and book inventories by noncorporate taxpayers; (10) the special rule for reductions in the basis of S corporation stock for charitable contributions; (11) work opportunity tax credit eligibility for Hurricane Katrina employees (through August 28, 2009); (12) the subpart F income exemption for active financing income; and (13) the increase in alcohol excise taxes payable to Puerto Rico and the Virgin Islands.Makes permanent the authority of the Internal Revenue Service (IRS) to: (1) conduct undercover operations; and (2) disclose tax return information related to terrorist activities.Lowers in 2008 (from $10,000 to $8,500) the earned income threshold amount for determining the refundable portion of the child tax credit.Modifies certain provisions relating to the tax deduction for domestic film and television productions. Exempts from the excise tax on bows and arrows certain arrow shafts. Modifies the standards for imposing penalties on tax return preparers for understatements of tax to require: (1) substantial authority for a position with respect to an item on a tax return if such position was not disclosed with the return; and (2) a reasonable basis for a position that was disclosed with the return. Requires tax return preparers to have a reasonable belief that a position with respect to a tax shelter or a reportable transaction (a transaction having a potential for tax avoidance or evasion) will more likely than not be sustained on its merits.Provides for revenue enhancements by: (1) reducing by 3% the tax deduction for income attributable to domestic production activities for taxpayers with income derived from activities related to oil, gas, or any primary products thereof; (2) conforming the tax treatment of foreign oil and gas extraction income and foreign oil related income for purposes of the foreign tax credit; (3) including within the reporting requirements of investment brokers the adjusted basis of any publicly traded security owned by customers of such brokers; (4) extending through 2009 the 0.2% Federal Unemployment Tax Act (FUTA) surtax; (5) requiring the inclusion in gross income of employee compensation deferred under compensation plans of certain foreign business entities; (6) delaying until 2017 the application of special rules for the worldwide allocation of interest for purposes of computing the limitation on the foreign tax credit; and (7) increasing the estimated tax payments of certain large corporations in the third quarter of 2013.

renewable energy job creation tax act amends_the_internal_revenue_code provide tax incentives energy conservation production extend expiring provisions provide revenue enhancements extends tax credit producing electricity renewable resources wind facilities fy2011 closed open loop biomass geothermal small irrigation power landfill gas trash combustion hydropower facilities includes marine hydrokinetic renewable energy renewable resource purposes tax credit extends energy tax credit solar energy fuel cell microturbine property allows new energy tax credit combined heat power system property increases credit limitation fuel cell property increases extends tax credit residential energy efficient property eliminates limitation tax credit solar electric property allows new tax credit expenditures wind turbines generate electricity residence geothermal heat pumps extends tax deferral provisions gain sales transmission property integrated electric utilities independent transmission companies approved federal_energy_regulatory_commission investment tax credit rate advanced coal based generation technology projects increases maximum credit amounts allocable projects billion increases investment tax credit rate coal gasification projects extends excise tax coal december sets forth special rules refund claims coal excise tax certain coal producers exporters requires secretary treasury undertake comprehensive review internal_revenue_code provisions largest effects carbon greenhouse gas emissions provide estimate magnitude effects includes cellulosic biofuel definition biomass ethanol plant property purposes bonus depreciation extends income excise tax credits biodiesel renewable diesel fuel increases rates credits disqualifies foreign produced fuel sold use outside united_states income excise tax credits alcohol biodiesel alternative fuel production allows new tax credit production qualified plug electric drive motor vehicles allows exclusion heavy truck excise tax idling reduction devices advanced insulation certain heavy trucks trailers allows employees exclude reimbursements bicycle commuting expenses gross income increases extends tax credit residential commercial alternative fuel refueling property expenditures extends tax credit nonbusiness energy property expenditures includes energy efficient biomass fuel stoves property eligible tax credit extends tax deduction energy efficient commercial building expenditures modifies tax credit amounts energy efficient household appliances produced accelerated year recovery period depreciation qualified smart electric meters smart electric grid systems extends fy2012 authority issue tax exempt green building sustainable design project bonds extends tax deduction state local sales taxes lieu state local income taxes tax deduction qualified tuition related expenses exemption withholding tax interest related short term capital gain dividends received regulated investment company ric special rule ric stock held estate nonresidents tax free distributions individual retirement plans charitable purposes tax deduction certain expenses elementary secondary school teachers inclusion ric definition qualified investment entity income tax purposes additional standard tax deduction real property taxes extends tax credits increasing research activities indian_employment railroad track maintenance new markets tax credit accelerated depreciation qualified leasehold restaurant improvements motorsports racing track facilities business property indian reservations expensing environmental remediation costs certain film television production costs tax deduction income attributable domestic production activities puerto_rico special rules related controlled foreign corporations tax treatment certain payments tax exempt organizations controlled subsidiary issuance authority qualified zone academy bonds tax incentives investment district_of_columbia economic development credit american_samoa expanded tax deductions charitable contributions food book inventories noncorporate taxpayers special rule reductions basis corporation stock charitable contributions work opportunity tax credit eligibility hurricane katrina employees august subpart income exemption active financing income increase alcohol excise taxes payable puerto_rico virgin_islands makes permanent authority internal_revenue_service irs conduct undercover operations disclose tax return information related terrorist activities lowers earned income threshold determining refundable portion child tax credit modifies certain provisions relating tax deduction domestic film television productions exempts excise tax bows arrows certain arrow shafts modifies standards imposing penalties tax return preparers understatements tax require substantial authority position respect item tax return position disclosed return reasonable basis position disclosed return requires tax return preparers reasonable belief position respect tax shelter reportable transaction transaction having potential tax avoidance evasion likely sustained merits provides revenue enhancements reducing tax deduction income attributable domestic production activities taxpayers income derived activities related oil gas primary products thereof conforming tax treatment foreign oil gas extraction income foreign oil related income purposes foreign tax credit including reporting requirements investment brokers adjusted basis publicly traded security owned customers brokers extending federal unemployment tax act futa surtax requiring inclusion gross income employee compensation deferred compensation plans certain foreign business entities delaying application special rules worldwide allocation interest purposes computing limitation foreign tax credit increasing estimated tax payments certain large corporations quarter


Summary: Energy Improvement and Extension Act of 2008 - Amends the Internal Revenue Code to provide incentives for energy production and conservation, extend expiring energy-related tax provisions, and provide for revenue enhancements.Extends the tax credit: (1) for producing electricity from wind facilities through 2009; and (2) for closed and open-loop biomass, geothermal, small irrigation power, landfill gas, trash combustion, and hydropower facilities through FY2011. Imposes a limit on such tax credit based upon investment in renewable resource facilities placed in service after 2009 in lieu of the current phaseout provisions for such credit. Expands the definitions of and rules for "open and closed-loop biomass facility," "qualified trash combustion facility," and "nonhydroelectric dam" for purposes of such credit.Includes marine and hydrokinetic renewable energy as a renewable resource for purposes of the tax credit for producing electricity from renewable resources. Extends through 2016 the energy tax credit for solar energy, fuel cell, and microturbine property. Allows a new energy tax credit for combined heat and power system property. Increases to $1,500 the credit limitation for fuel cell property. Modifies energy tax credit rules to allow: (1) offsets of tax credit amounts against alternative minimum tax (AMT) liabilities; and (2) public utility property to qualify for such credit. Increases and extends through 2016 the tax credit for residential energy efficient property. Eliminates the limitation on the tax credit for solar electric property. Allows a new tax credit for 30% of expenditures for wind turbines used to generate electricity in a residence and for geothermal heat pumps.Extends deferral provisions for the gain on sales of transmission property by vertically-integrated electric utilities to independent transmission companies approved by the Federal Energy Regulatory Commission (FERC).Allows a 30% investment tax credit rate for advanced coal-based generation technology projects and increases the maximum credit amounts allocable for such projects to $2.55 billion.Increases to 30% the investment tax credit rate for coal gasification projects. Extends the excise tax on coal through December 31, 2018. Sets forth special rules for refund claims of coal excise tax by certain coal producers and exporters.Requires the Secretary of the Treasury to undertake a comprehensive review of Internal Revenue Code provisions that have the largest effects on carbon and other greenhouse gas emissions and provide an estimate of the magnitude of such effects.Includes cellulosic biofuel within the definition of "biomass ethanol plant property" for purposes of bonus depreciation. Extends through 2009 income and excise tax credits for biodiesel and renewable diesel used as fuel. Increases the rates of such credits.Disqualifies foreign-produced fuel that is used or sold for use outside the United States for the income and excise tax credits for alcohol, biodiesel, and alternative fuel production.Allows a new tax credit for the production of qualified plug-in electric drive motor vehicles.Allows an exclusion from the heavy truck excise tax for idling reduction devices and advanced insulation used in certain heavy trucks and trailers.Allows employees to exclude reimbursements for bicycle commuting expenses from gross income.Increases and extends the tax credit for residential and commercial alternative fuel refueling property expenditures.Treats certain income and gains relating to alcohol, biodiesel, and alternative fuels and mixtures as qualifying income for publicly traded partnerships.Extends the tax credit for nonbusiness energy property expenditures through 2008. Includes energy-efficient biomass fuel stoves as property eligible for such tax credit.Extends through 2013 the tax deduction for energy efficient commercial building expenditures.Modifies tax credit amounts for energy efficient household appliances produced after 2007.Allows an accelerated 10-year recovery period for the depreciation of qualified smart electric meters and smart electric grid systems. Extends through FY2012 the authority to issue tax-exempt green building and sustainable design projects bonds.Provides for revenue enhancements by: (1) limiting the tax deduction for income attributable to domestic production activities for taxpayers with gross receipts derived from oil, gas, or any primary products thereof; (2) conforming the tax treatment of foreign oil and gas extraction income and foreign oil related income for purposes of the foreign tax credit; (3) requiring investment brokers to report information relating to customer basis in securities transactions; (4) increasing and extending the Oil Spill Liability Trust Fund financing rate; and (5) increasing estimated tax payments for certain large corporations.

energy improvement extension act amends_the_internal_revenue_code provide incentives energy production conservation extend expiring energy related tax provisions provide revenue enhancements extends tax credit producing electricity wind facilities closed open loop biomass geothermal small irrigation power landfill gas trash combustion hydropower facilities fy2011 imposes limit tax credit based investment renewable resource facilities placed service lieu current phaseout provisions credit expands definitions rules open closed loop biomass facility qualified trash combustion facility dam purposes credit includes marine hydrokinetic renewable energy renewable resource purposes tax credit producing electricity renewable resources extends energy tax credit solar energy fuel cell microturbine property allows new energy tax credit combined heat power system property increases credit limitation fuel cell property modifies energy tax credit rules allow offsets tax credit amounts alternative minimum tax amt liabilities public utility property qualify credit increases extends tax credit residential energy efficient property eliminates limitation tax credit solar electric property allows new tax credit expenditures wind turbines generate electricity residence geothermal heat pumps extends deferral provisions gain sales transmission property integrated electric utilities independent transmission companies approved federal_energy_regulatory_commission investment tax credit rate advanced coal based generation technology projects increases maximum credit amounts allocable projects billion increases investment tax credit rate coal gasification projects extends excise tax coal december sets forth special rules refund claims coal excise tax certain coal producers exporters requires secretary treasury undertake comprehensive review internal_revenue_code provisions largest effects carbon greenhouse gas emissions provide estimate magnitude effects includes cellulosic biofuel definition biomass ethanol plant property purposes bonus depreciation extends income excise tax credits biodiesel renewable diesel fuel increases rates credits disqualifies foreign produced fuel sold use outside united_states income excise tax credits alcohol biodiesel alternative fuel production allows new tax credit production qualified plug electric drive motor vehicles allows exclusion heavy truck excise tax idling reduction devices advanced insulation certain heavy trucks trailers allows employees exclude reimbursements bicycle commuting expenses gross income increases extends tax credit residential commercial alternative fuel refueling property expenditures treats certain income gains relating alcohol biodiesel alternative fuels mixtures qualifying income publicly traded partnerships extends tax credit nonbusiness energy property expenditures includes energy efficient biomass fuel stoves property eligible tax credit extends tax deduction energy efficient commercial building expenditures modifies tax credit amounts energy efficient household appliances produced accelerated year recovery period depreciation qualified smart electric meters smart electric grid systems extends fy2012 authority issue tax exempt green building sustainable design projects bonds provides revenue enhancements limiting tax deduction income attributable domestic production activities taxpayers gross receipts derived oil gas primary products thereof conforming tax treatment foreign oil gas extraction income foreign oil related income purposes foreign tax credit requiring investment brokers report information relating customer basis securities transactions increasing extending oil_spill_liability_trust_fund financing rate increasing estimated tax payments certain large corporations


Summary: Amends the Internal Revenue Code to allow: (1) a residential energy efficient tax credit for 30% of the cost of qualified energy storage air conditioner property installed in a principal residence; and (2) an energy tax credit for 30% of qualified energy storage air conditioner property installed before January 1, 2015. Defines "qualified energy storage air conditioner property" as a cooling system that: (1) consists of thermal or ice storage components that create, store, and supply cooling energy to reduce peak electricity demand; (2) can deliver a minimum of 29,000 Btu and a maximum of 240,000 Btu of cooling capacity; (3) is designed to deliver such cooling capacity for a minimum continuous period of three hours; (4) is designed to reduce peak kilowatt demand by 90% for the cooling load served; and (5) is designed not to exceed the 24-hour energy consumption of conventional cooling equipment by more than 10%.

amends_the_internal_revenue_code allow residential energy efficient tax credit cost qualified energy storage air property installed principal residence energy tax credit qualified energy storage air property installed january defines qualified energy storage air property cooling system consists thermal ice storage components create store supply cooling energy reduce peak electricity demand deliver minimum btu maximum btu cooling capacity designed deliver cooling capacity minimum continuous period hours designed reduce peak kilowatt demand cooling load served designed exceed hour energy consumption conventional cooling equipment


Summary: Arctic Research and Policy Amendments Act of 2007 - Amends the Arctic Research and Policy Act of 1984 to increase the number of days per year the chairperson of the Arctic Research Commission shall be compensated for serving as a member of the Commission.

arctic research policy amendments act amends arctic research policy act increase number days year chairperson arctic research commission shall compensated serving member commission


Summary: Requires the Administrator of the Environmental Protection Agency (EPA), through the Energy Star program, to analyze and report to Congress on the growth and energy consumption of computer data centers by the federal government and private enterprise. Expresses the sense of Congress that it is in the United States' best interest for purchasers of computer servers to give high priority to energy efficiency as a factor in determining best value and performance for purchases of servers.

requires administrator environmental_protection_agency epa energy_star program analyze report congress growth energy consumption computer data centers federal_government private enterprise expresses sense congress united_states best interest purchasers computer servers high priority energy efficiency factor determining best value performance purchases servers


Summary: Government Fleet Fuel Economy Act of 2007 - Amends provisions relating to standards for executive agency automobiles to require each passenger vehicle purchased, or leased for at least 60 consecutive days, by an executive agency after enactment of this Act to be as fuel efficient as possible.

government fleet fuel economy act amends provisions relating standards executive agency automobiles require passenger vehicle purchased leased consecutive days executive agency enactment act fuel efficient possible


Summary: Improved Passenger Automobile Fuel Economy Act of 2007 - Revises minimum corporate average fuel economy (CAFE) standards for passenger automobiles to direct the Secretary of Transportation, for each model year, to prescribe minimum CAFE standards for passenger automobiles, with the minimum standard being the current standard of 27.5 miles per gallon. Requires a CAFE standard of 40 miles per gallon for passenger automobiles manufactured in model year 2017. Authorizes credits earned by a manufacturer when the average fuel economy of passenger automobiles manufactured by a manufacturer in a particular model year exceeds an applicable established average fuel economy standard to be applied to any of the three model years immediately following (currently, before) the model year in which such credits are earned, or transferred to a national registry system for greenhouse gases. Authorizes a manufacturer to apply credits purchased through the registry (greenhouse gas credits) toward applicable CAFE standards for passenger or non-passenger automobiles after model year 2010. Establishes a national greenhouse registry to encourage voluntary actions to monitor and reduce greenhouse gas emissions and increase energy efficiency. Establishes within the Department of Commerce an implementing panel to, among other things promulgate standards for: (1) certification of registries and operation of certified registries; and (2) measurement, verification, and recording of greenhouse gas emissions and greenhouse gas emission reductions by certified registries.

improved passenger automobile fuel economy act revises minimum corporate average fuel economy cafe standards passenger automobiles direct secretary transportation model year prescribe minimum cafe standards passenger automobiles minimum standard current standard miles gallon requires cafe standard miles gallon passenger automobiles manufactured model year authorizes credits earned manufacturer average fuel economy passenger automobiles manufactured manufacturer particular model year exceeds applicable established average fuel economy standard applied model years immediately following currently model year credits earned transferred national_registry system greenhouse gases authorizes manufacturer apply credits purchased registry greenhouse gas credits applicable cafe standards passenger non passenger automobiles model year establishes national greenhouse registry encourage voluntary actions monitor reduce greenhouse gas emissions increase energy efficiency establishes department_of_commerce implementing panel things promulgate standards certification registries operation certified registries measurement verification recording greenhouse gas emissions greenhouse gas emission reductions certified registries