S 802
111th Congress
Senate
Taxation
Alternative and renewable resources
Electric power generation and transmission
Income tax credits
Indian lands and resources rights
A bill to amend the Internal Revenue Code of 1986 to allow Indian tribes to transfer the credit for electricity produced from renewable resources.
Introduced: April 2, 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
Apr 2, 2009
Read twice and referred to the Committee on Finance.
Apr 2, 2009
Introduced in Senate
Plain-English summary
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 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 credit.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1
Cosponsors
1