S 1016
117th Congress
Senate
Taxation
Business expenses
Electric power generation and transmission
Income tax credits
Electric Power Infrastructure Improvement Act
Introduced: March 25, 2021
Introduced by:
Heinrich, Martin
Democratic
· New Mexico
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 25, 2021
Read twice and referred to the Committee on Finance.
Mar 25, 2021
Introduced in Senate
Plain-English summary
Electric Power Infrastructure Improvement Act
This bill allows a tax credit through 2031 for investment in a qualifying electric power transmission line property. The bill defines qualifying electric power transmission line property as (1) any overhead, submarine, or underground transmission facility that is capable of transmitting electricity at a voltage of not less than 275 kilovolts, has a transmission capacity of not less than 500 megawatts, is an alternating current or direct current transmission line, and delivers power produced in either a rural area or offshore; and (2) conductors or cables, or other specified equipment, necessary for the proper operation of the facility.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1