S 3064
111th Congress
Senate
Taxation
Alternative and renewable resources
Electric power generation and transmission
Income tax credits
Marine and coastal resources, fisheries
Deepwater Offshore Wind Incentive Act
Introduced: March 3, 2010
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 3, 2010
Read twice and referred to the Committee on Finance.
Mar 3, 2010
Sponsor introductory remarks on measure. (CR S1022)
Mar 3, 2010
Introduced in Senate
Plain-English summary
Deepwater Offshore Wind Incentive Act - Amends the Internal Revenue Code to allow a general business tax credit for the production of energy from a deep water offshore wind facility. Makes such credit equal to the product of 3.04 cents and the kilowatt hours of electricity produced at a facility during a 10-year period and sold by a taxpayer to an unrelated person during the taxable year. Defines "deep water offshore wind facility" as facility that uses wind to produce electricity, operates in 60 meters or more of water, is located within the internal or territorial waters of the United States, and is placed in service after the enactment of this Act and before January 1, 2030.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1
Cosponsors
1