S 2306
117th Congress
Senate
Taxation
Maintaining and Enhancing Hydroelectricity and River Restoration Act of 2021
Introduced: June 24, 2021
Introduced by:
Cantwell, Maria
Democratic
· Washington
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 24, 2021
Read twice and referred to the Committee on Finance.
Jun 24, 2021
Introduced in Senate
Plain-English summary
Maintaining and Enhancing Hydroelectricity and River Restoration Act of 2021
This bill allows a new tax credit for maintaining and enhancing hydroelectric dams that is equal to 30% of the basis of any qualified dam safety, environmental, and grid resilience enhancement property placed in service in a taxable year. It also allows a 30% credit for qualified obsolete river obstruction removal expenditures for demolishing and removing certain nonpowered or hydroelectric dams.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1
Cosponsors
1