Skip to main content
S 1511 110th Congress Senate Energy Alternative energy sources Congressional reporting requirements Depreciation and amortization Economics and Public Finance Electric power production Energy research Environmental Protection Environmental assessment Equipment and supplies Government lending Government trust funds Hydroelectric power Income tax Investment tax credit Marine and coastal resources, fisheries Ocean energy resources Research and development Science, Technology, Communications Tax credits

Marine and Hydrokinetic Renewable Energy Promotion Act of 2007

Introduced: May 24, 2007 See on congress.gov
Sign in to write a letter Sign in to watch
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 24, 2007
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S6873-6874)
May 24, 2007
Sponsor introductory remarks on measure. (CR S6873)
May 24, 2007
Introduced in Senate
 Plain-English summary Congressional Research Service

Marine and Hydrokinetic Renewable Energy Promotion Act of 2007- Directs the Secretary of Energy to establish: (1) a marine and hydrokinetic renewable energy research program; and (2) an Adaptive Management and Environmental Fund to lend funds to approved applicants to cover the costs of projects that produce marine and hydrokinetic renewable energy.

Instructs the Secretary of Commerce and the Secretary of the Interior to prepare jointly programmatic environmental impact statements regarding the impacts of the deployment of marine and hydrokinetic renewable energy technologies in U.S. navigable waters.

Amends the Internal Revenue Code to allow: (1) a tax credit for electricity produced from marine and hydrokinetic renewable energy; and (2) an investment credit and five-year depreciation for equipment which produces electricity from marine and hydrokinetic renewable energy.

Denies a tax credit for producing fuel from a nonconventional source (dual benefit) with respect to a marine and hydrokinetic facility for which an investment credit under this Act is claimed by the taxpayer.

What's happening now May 24, 2007

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S6873-6874)

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1