HR 4137
115th Congress
House
Taxation
Alternative and renewable resources
Business investment and capital
Electric power generation and transmission
Income tax credits
Marine and coastal resources, fisheries
Solid waste and recycling
Renewable Electricity Tax Credit Equalization Act
Introduced: October 25, 2017
Introduced by:
Stefanik, Elise M.
Republican
· New York
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 25, 2017
Referred to the House Committee on Ways and Means.
Oct 25, 2017
Introduced in House
Plain-English summary
Renewable Electricity Tax Credit Equalization Act
This bill amends the Internal Revenue Code, with respect to the tax credits for investments in energy property and for electricity produced from certain renewable resources, to extend both credits for the following facilities placed in service after 2008 with construction that begins before January 1, 2022:
- closed-loop biomass,
- open-loop biomass,
- geothermal,
- landfill gas,
- trash facilities,
- qualified hydropower facilities, and
- marine and hydrokinetic renewable energy facilities.
The bill also includes a phase-out schedule that reduces the amounts of the credits by specified amounts that increase for facilities that are constructed or placed in service later.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1