|Title of Law:||Emergency Economic Stabilization Act of 2008|
|Law #:||Public Law 110-343|
|Passed by Congress:||110th Congress (2nd Session)|
The following are excerpts, highlighted in red, from the final legislation and/or conference report which contain references to and studies for The National Academies. (Pound signs [##] between passages denote the deletion of unrelated text.)
HR1424 Kennedy, P. (D-R.I.) 10/03/08
Enrolled (finally passed both houses)
To provide authority for the Federal Government to purchase and insure certain types of troubled assets for the purposes of providing stability to and preventing disruption in the economy and financial system and protecting taxpayers, to amend the Internal Revenue Code of 1986 to provide incentives for energy production and conservation, to extend certain expiring provisions, to provide individual income tax relief, and for other purposes.
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DIVISION B—ENERGY IMPROVEMENT AND EXTENSION ACT OF 2008
SEC. 1. SHORT TITLE, ETC.
(a) Short Title.—This division may be cited as the “Energy Improvement and Extension Act of 2008”.
TITLE I—ENERGY PRODUCTION INCENTIVES
SUBTITLE B—CARBON MITIGATION AND COAL PROVISIONS
Sec. 111. Expansion and modification of advanced coal project investment credit.
Sec. 112. Expansion and modification of coal gasification investment credit.
Sec. 113. Temporary increase in coal excise tax; funding of Black Lung Disability Trust Fund.
Sec. 114. Special rules for refund of the coal excise tax to certain coal producers and exporters.
Sec. 115. Tax credit for carbon dioxide sequestration.
Sec. 116. Certain income and gains relating to industrial source carbon dioxide treated as qualifying income for publicly traded partnerships.
Sec. 117. Carbon audit of the tax code.
SEC. 117. CARBON AUDIT OF THE TAX CODE.
(a) Study.—The Secretary of the Treasury shall enter into an agreement with the National Academy of Sciences to undertake a comprehensive review of the Internal Revenue Code of 1986 to identify the types of and specific tax provisions that have the largest effects on carbon and other greenhouse gas emissions and to estimate the magnitude of those effects.
(b) Report.—Not later than 2 years after the date of enactment of this Act, the National Academy of Sciences shall submit to Congress a report containing the results of study authorized under this section.
(c) Authorization of Appropriations.—There is authorized to be appropriated to carry out this section $1,500,000 for the period of fiscal years 2009 and 2010.