S 1387
117th Congress
Senate
Taxation
Alternative and renewable resources
Electric power generation and transmission
Income tax credits
PTC Elimination Act
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 27, 2021
Read twice and referred to the Committee on Finance.
Apr 27, 2021
Introduced in Senate
Plain-English summary
PTC Elimination Act
This bill repeals the tax credit for producing electricity from renewable resources (e.g., wind, biomass, trash, geothermal or solar energy facilities). The bill also expresses the sense of Congress that such credit should be allowed to expire and should not be extended.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1