HR 4636
115th Congress
House
Taxation
Alternative and renewable resources
Income tax credits
Income tax deductions
Oil and gas
Prioritizing Energy-Efficient Renewables Act of 2017
Introduced: December 13, 2017
Introduced by:
Schakowsky, Janice D.
Democratic
· Illinois
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 13, 2017
Referred to the House Committee on Ways and Means.
Dec 13, 2017
Introduced in House
Plain-English summary
Prioritizing Energy-Efficient Renewables Act of 2017
This bill amends the Internal Revenue Code to: (1) make permanent the tax credits for producing electricity from wind, geothermal energy, hydropower, and marine and hydrokinetic renewable energy facilities; (2) repeal the tax deduction for intangible drilling and development costs for oil and gas wells; (3) repeal the tax deduction for income attributable to the production, refining, transportation, or distribution of oil, natural gas, or any primary product thereof; and (4) repeal the percentage depletion allowance for oil and gas wells.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1