S. 1229 · 109th Congress
Renewable Energy Incentives Act
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Never voted on. It didn't reach a floor vote before the 109th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
ReidSponsor6 cosponsors · 4 D, 1 R, 1 I
6 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Renewable Energy Incentives Act - Amends the Internal Revenue Code to: (1) make permanent the tax credit for the production of electricity from renewable resources; (2) increase the rate of such credit; (3) extend the 10 year credit period to all qualified energy facilities eligible for the credit; (4) include incremental geothermal energy production and…
What it does: CRS summary · Introduced in Senate · Jun 13, 2005
Renewable Energy Incentives Act - Amends the Internal Revenue Code to: (1) make permanent the tax credit for the production of electricity from renewable resources; (2) increase the rate of such credit; (3) extend the 10 year credit period to all qualified energy facilities eligible for the credit; (4) include incremental geothermal energy production and incremental hydropower production as qualified energy resources for purposes of the credit; (5) increase the credit rate for co-production facilities and qualified facilities located within certain Indian and Alaskan Native Indian lands; (6) permit the transfer of tax credit amounts earned by certain tax-exempt entities to taxable entities; and (7) allow the credit to offset alternative minimum taxable income.
Denies the tax credit for facilities which are not in compliance with applicable state and federal pollution prevention, control and permit requirements.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Renewable Energy Incentives Act
Latest action (Jun 13, 2005): Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S6417-6419)
Policy area: Taxation · Origin: Senate · Introduced: Jun 13, 2005
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.