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H.R. 991 · 108th Congress

Renewable Fuel Equity Act

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IntroducedPassed one chamberPassed both chambersBecame law (gold)Resolution agreed to (full, dark)Failed or vetoed (gray)

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Never voted on. It didn't reach a floor vote before the 108th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

DHR HunterSponsor
15 cosponsors · 11 D, 3 R, 1 I

Renewable Fuel Equity Act - Amends the Internal Revenue Code to expand the renewable resources credit to include geothermal and solar energy, incremental hydropower and biomass (other than closed-loop biomass), and related "qualifying facilities." Sets forth qualifying dates of service for facilities using such means to produce electricity.

What it does: CRS summary · Introduced in House · Feb 27, 2003
Renewable Fuel Equity Act - Amends the Internal Revenue Code to expand the renewable resources credit to include geothermal and solar energy, incremental hydropower and biomass (other than closed-loop biomass), and related "qualifying facilities."

Sets forth qualifying dates of service for facilities using such means to produce electricity.

Expands the investment tax credit to include equipment used to produce electricity from certain renewable resources.

Increases, from 10 to 20 percent, the "energy percentage" used to determine the energy credit in the case of energy property having a total installed electrical generating capacity of less than one megawatt that is placed in service before January 1, 2009.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: Renewable Fuel Equity Act

Latest action (Feb 27, 2003): Referred to the House Committee on Ways and Means.

Policy area: Taxation · Origin: House · Introduced: Feb 27, 2003

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.