Breaking Our Long-Term Dependence Energy Act of 2006

Bill: 109-s-2571
Sponsor: Sen. Conrad, Kent [D-ND]
Introduced: 2006-04-06 in the Senate
Policy area: Energy
Subjects: Agricultural conservation
Agriculture and Food
Alcohol as fuel
Alternative energy sources
Automobile engines
Automobile industry
Automobile tires
Automobiles
Biomass energy
Bonds
Building construction
Carbon dioxide
Cellulose
Climate change and greenhouse gases
Coal
Cogeneration of electric power and heat
Commerce
Commercialization
Congress
Congressional reporting requirements
Continental shelf
Diesel motor
Economics and Public Finance
Electric batteries
Electric power transmission
Electric vehicles
Energy conservation
Energy efficiency
Energy research
Energy security
Environmental Protection
Excise tax
Federal aid to research
Federal-state relations
Finance and Financial Sector
Fines (Penalties)
Florida
Fuel cells
Fuel consumption
Gas in submerged lands
Geothermal resources
Government Operations and Politics
Government procurement
Government trust funds
Governmental investigations
Great Plains
Gulf of Mexico
High technology
Housing and Community Development
Hydroelectric power
Hydrogen
Incineration
Income tax
Infrastructure
Infrastructure (Economics)
Investment tax credit
Irrigation
Landfills
Law
Lighting
Materials
Methane
Motor vehicle pollution control
Nanotechnology
Natural gas
Ocean energy resources
Oil and gas leases
Oils and fats
Petroleum in submerged lands
Petroleum industry
Petroleum refineries
Public Lands and Natural Resources
Rebates
Refuse as fuel
Research and development
Research centers
Science, Technology, Communications
Service stations
Solar energy
Standards
Steel
Submarine oil well drilling
Sugar
Synthetic fuel
Tax credits
Tax deductions
Tax-exempt securities
Taxation
Transportation and Public Works
Transportation research
Trucks
Water Resources Development
Wind power

Summary:
action_date: 2006-04-06
text: 
Breaking Our Long-Term Dependence Energy Act of 2006 or the BOLD Energy Act of 2006 - Directs the Secretary of Transportation to establish: (1) a rebate program for reducing fuel consumption levels; and (2) a National Tire Efficiency Program. 
 
Requires motor vehicle manufacturers to equip 30% of their 2011 models and 100% of all 2017 models with alternative fuel technology.
 
Amends the Internal Revenue Code to allow new tax credits for: (1) idling reduction devices; (2) the manufacture of advanced technology motor vehicles; (3) wind energy property; and (4) investment in clean energy coal bonds and combined heat and power system property.
 
Repeals the limitation on the number of hybrid and advanced lean burn technology vehicles eligible for the alternative motor vehicle tax credit.
 
Extends through 2010: (1) the tax credits for electric vehicles, energy efficient homes, and nonbusiness energy property; and (2) the tax deduction for energy efficient commercial buildings.
 
Extends through 2012 tax credits for: (1) producing energy from certain renewable resources; (2) investment in clean renewable energy bonds; (3) residential energy efficient property; and (4) investment in solar energy property.
 
Extends through 2013 income and excise tax credits for alcohol, biodiesel, and renewable diesel used as fuel.
 
Increases from 30 to 50% the tax credit rate for alternative vehicle refueling property (service stations for dispensing alternative fuels to retail consumers) and extends such credit through 2013.
 
 Allows use of civil penalties for noncompliance with fuel economy standards to finance alternative vehicle refueling properties.
 
Increases the tax credit rate for enhanced oil recovery from 15 to 20% for enhanced oil recovery project costs.
 
Directs the Secretary of Energy to establish programs for: (1) new vehicles technology research and development; (2) building refineries for converting coal into liquid transportation fuel; (3) energy trading credits; and (4) advanced clean low-rank coal development.
 
Directs the Secretary of the Interior to offer the 181 Area (Gulf of Mexico) for oil and gas leasing within one year of enactment of this Act.
 
Amends the Clean Air Act to: (1) increase the volume of renewable fuels (including biodiesel) to 30 billion gallons by 2025; (2) increase the level of cellulosic biomass and sugar in renewable fuels; (3) establish a program to produce cellulosic ethanol and ethanol produced from sugar; and (4) set forth a renewable fuel program for the diesel motor pool.
 
Authorizes appropriations for projects to promote the transition to a hydrogen-based economy.


Legislative actions:
action_date: 2006-04-06
text: Read twice and referred to the Committee on Finance.
action_date: 2006-04-06
text: Sponsor introductory remarks on measure. (CR S3231-3233)
action_date: 2006-04-06
text: Introduced in Senate