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S 631 112th Congress Senate Energy Alternative and renewable resources Business investment and capital Dams and canals Electric power generation and transmission Income tax credits Income tax deductions

Hydropower Renewable Energy Development Act of 2011

Introduced: March 17, 2011 Introduced by: Murkowski, Lisa Republican · Alaska See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 17, 2011
Read twice and referred to the Committee on Finance.
Mar 17, 2011
Sponsor introductory remarks on measure. (CR S1842)
Mar 17, 2011
Introduced in Senate
 Plain-English summary Congressional Research Service

Hydropower Renewable Energy Development Act of 2011 - Includes hydroelectric energy generated in the United States by a hydroelectric facility within the definition of "renewable energy" for purposes of any federal program or standard.

Amends the Internal Revenue Code to: (1) classify certain hydropower production facilities as renewable resources for purposes of the tax credit for producing electricity from renewable resources, (2) eliminate the one-half reduction in the tax credit rate for hydropower and marine and hydrokinetic renewable energy facilities, and (3) allow accelerated depreciation of equipment that produces electricity from marine and hydrokinetic renewable resources and from hydropower.

What's happening now March 17, 2011

Read twice and referred to the Committee on Finance.

 Committees of jurisdiction 1