HR 2982
111th Congress
House
Taxation
Alternative and renewable resources
Electric power generation and transmission
Income tax credits
Indian lands and resources rights
FAIR CREDIT Act of 2009
Introduced: June 19, 2009
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 19, 2009
Referred to the House Committee on Ways and Means.
Jun 19, 2009
Introduced in House
Plain-English summary
Fair Allocation of Internal Revenue Credit for Renewable Electricity Distribution by Indian Tribes Act of 2009 or the FAIR CREDIT Act of 2009 - Amends the Internal Revenue Code to allow an Indian tribe, in the case of a facility that uses a renewable energy resource to produce electricity in which such tribe has an ownership interest in the gross sales from such facility, to assign to any other person who has such an ownership interest in such facility any portion of the production from the facility that would, but for this Act, be allocated to such tribe for purposes of the renewable electricity production tax credit.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1