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H.R. 3238 · 112th Congress

Incentivizing Offshore Wind Power Act

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Never voted on. It didn't reach a floor vote before the 112th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

BPD PascrellSponsor
73 cosponsors · 72 D, 1 R
FLR LoBiondo DCD Cicilline RHD Holt JLD Langevin JMD Moran RND Neal CPD Pingree MQD Quigley CVD Van Hollen JCD Carney BFD Frank WKD Keating JTD Tierney MCD Capuano JLD Larson EMD Markey DPD Price JCD Conyers DED Edwards SID Israel GCD Connolly KED Ellison DKD Kildee GAD Ackerman JJD Jackson CRD Rangel BSD Scott JCD Chu AHD Hastings TRD Ryan JHD Himes MFD Fudge ETD Towns MHD Honda LCD Capps SLD Lynch YCD Clarke HCD Clarke CFD Fattah MHD Heinrich JPD Polis NTD Tsongas MKD Kaptur BLD Lee MMD McIntyre END Norton BRD Rush PTD Tonko DKD Kucinich JMD McDermott MMD Michaud EBD Blumenauer MBD Bordallo CHD Hanabusa JMD McGovern GMD Meeks RAD Andrews RGD Grijalva BLD Luján FWD Wilson BFD Filner LWD Woolsey RKD Kind JDD Dingell JGD Garamendi CMD Maloney HWD Waxman JOD Olver GPD Peters JSD Sarbanes TSD Sewell BMD McCollum GMD Moore

1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.

Incentivizing Offshore Wind Power Act - Amends the Internal Revenue Code to: (1) allow a 30% tax credit for investment in a qualifying offshore wind facility (an offshore facility using wind to produce electricity), and (2) direct the Secretary of the Treasury to establish a qualifying credit for offshore wind facilities program to consider and award…

What it does: CRS summary · Introduced in House · Oct 18, 2011

Incentivizing Offshore Wind Power Act - Amends the Internal Revenue Code to: (1) allow a 30% tax credit for investment in a qualifying offshore wind facility (an offshore facility using wind to produce electricity), and (2) direct the Secretary of the Treasury to establish a qualifying credit for offshore wind facilities program to consider and award certifications for investments eligible for such a credit to qualifying offshore wind facility sponsors.

Requires the Secretary to review credits allocated under this Act and authorizes the Secretary to reallocate such credits upon determining that: (1) there is an insufficient quantity of qualifying applications for certification pending at the time of the review, or (2) scheduled placed-in-service dates of previously certified facilities have been significantly delayed and the applicant will not meet the required timeline.

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

About this bill and sources

Official title: Incentivizing Offshore Wind Power Act

Latest action (Oct 18, 2011): Referred to the House Committee on Ways and Means.

Policy area: Taxation · Origin: House · Introduced: Oct 18, 2011

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

No recorded floor vote found.