1. Corrosion Prevention Act of 2009 HR 3462

2. Energy Industry Tax Credit for Corrosion Control 50% tax credit for energy industry that employ corrosion control technologies Activities must exceed federal, state, or local requirements.

3. Tax Credit Applies to All Major Energy Sources 50% tax credit applies to: Biofuels Nuclear Coal Solar Oil Wind Natural Gas Alternative Sources

4. Tax Credit Applies to All Major Phases of Energy Production 50% tax credit applies to all energy industry: Exploration Production Refining Transportation

5. Tax Credit Applies to All Major Corrosion Control Expenditures 50% tax credit applies to corrosion control expenditures for: Engineering design Materials Application Installation

6. Promotes Leading Corrosion Control Technologies 50% tax credit applies to leading corrosion control technologies: Protective coatings Chemical treatment Corrosion resistant metals Cathodic protection

7. Two Year Availability Tax credit shall apply for 2 years beginning on the date of its enactment.

8. Corrosion Prevention Act of 2009 (HR 3462) Rep. Kevin Brady (R-TX08) - sponsor Rep. Mike Conaway (R-TX11) – original cosponsor Rep. Betty Sutton (D-OH13) – original cosponsor John Culberson (R-TX07) – original cosponsor

9. QUESTIONS ?