S 1566
107th Congress
Senate
Renewable Energy Incentives Act
Official title: A bill to amend the Internal Revenue code of 1986 to modify and expand the credit for electricity produced from renewable resources and waste products, and for other purposes.
Taxation
Agriculture and FoodAir pollution controlAlaskaAlternative energy sources
More subjectsShow fewer subjects
Biomass energyBusiness income taxCelluloseCogeneration of electric power and heatCommerceElectric power productionEnergyEnergy cropsEnergy efficiencyEnergy tax creditsEnvironmental ProtectionFarm manureForest productsGeothermal power plantsGrain
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 18, 2001
Read twice and referred to the Committee on Finance.
Oct 18, 2001
Sponsor introductory remarks on measure. (CR S10840-10841)
Oct 18, 2001
Introduced in Senate
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Latest action
Read twice and referred to the Committee on Finance.
Plain-English summary
Renewable Energy Incentives Act - Amends the Internal Revenue Code respecting the renewable resource credit to: (1) include alternative resources (solar, open loop biomass, incremental hydropower, incremental geothermal, geothermal, and landfill gas); (2) provide an increased credit for certain co-production facilities, and for qualified facilities on Indian and Alaskan Native Indian lands; (3) allow a credit (and its subsequent transferability) for a qualified facility of a tax-exempt organization or governmental unit; (4) provide for credit transferability; (5) require facility compliance with pollution laws; and (6) eliminate the January 1, 2002, placed-in-service date for purposes of qualified facility eligibility.
Bill text
1 version
- Introduced in Senate Formatted Text PDF
Committees of jurisdiction
1
Cosponsors
2
Cite this page
U.S. Congress. (2026). S. 1566: Renewable Energy Incentives Act. 107th Congress. Open America. https://openamerica.io/bill/107-S-1566/
"S. 1566: Renewable Energy Incentives Act." 107th Congress, 2026, Open America, https://openamerica.io/bill/107-S-1566/.
S. 1566, 107th Cong. (2026), https://openamerica.io/bill/107-S-1566/.
[S. 1566: Renewable Energy Incentives Act](https://openamerica.io/bill/107-S-1566/)