HR 4668
107th Congress
House
Taxation
Agricultural wastes
Agriculture and Food
Alternative energy sources
Biomass energy
Business income tax
Commerce
Electric power production
Energy
Energy efficiency
Energy facilities
Energy tax credits
Fruit
Geothermal power plants
Geothermal resources
Grain
Hydroelectric power
Income tax
Investment tax credit
Legumes
Renewable Fuel Equity Act
Introduced: May 7, 2002
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 7, 2002
Referred to the House Committee on Ways and Means.
May 7, 2002
Introduced in House
Plain-English summary
Renewable Fuel Equity Act - Amends the Internal Revenue Code to expand the renewable resources credit to include geothermal and solar energy, incremental hydropower and biomass (other than closed-loop biomass).
Sets forth qualifying dates of service for facilities using such means to produce electricity.
Expands the investment tax credit to include equipment used to produce electricity from certain renewable resources.
Increases, from 10 to 20 percent, the "energy percentage" used to determine the energy credit in the case of energy property having a total installed electrical generating capacity of less than one megawatt that is placed in service before January 1, 2007.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1