To amend the Internal Revenue Code of 1986 to provide credit rate parity for all renewable resources under the electricity production credit.

Summary

Amends the Internal Revenue Code to eliminate after 2006 the reduction in the rate of the tax credit for electricity produced from open-loop biomass, small irrigation power, landfill gas, trash combustion, and hydropower facilities (thus allowing the same credit rate for all renewable resource facilities).

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 18 April 2007

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 18 April 2007

   Introduced

   Introduced in House

   Source: IntroReferral

3. 18 April 2007

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 18 April 2007 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 18 April 2007

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 18 April 2007

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 18 April 2007

  Open at official source

Sponsors

• Rep. Meek, Kendrick B. [D-FL-17] · D · Sponsor
• Rep. Herger, Wally [R-CA-2] · R · Sponsor
• Rep. Porter, Jon C. [R-NV-3] · R · Cosponsor
• Earl Blumenauer · D · Cosponsor
• Brian Higgins · D · Cosponsor
• ALCEE HASTINGS · D · Cosponsor
• Rep. Kagen, Steve [D-WI-8] · D · Cosponsor
• John Larson · D · Cosponsor
• Rep. Baker, Richard H. [R-LA-6] · R · Cosponsor
• Rep. Boustany, Charles W., Jr. [R-LA-3] · R · Cosponsor
• Rep. Smith, Adam [D-WA-9] · D · Cosponsor
• Rep. Renzi, Rick [R-AZ-1] · R · Cosponsor
• Kevin McCarthy · R · Cosponsor
• Rep. Baird, Brian [D-WA-3] · D · Cosponsor
• · hswm00 · Standing

Related records

• related to ← To amend the Internal Revenue Code of 1986 to provide rate parity for open-loop and closed-loop biomass facilities under the renewable fuels tax credit.
• related to ← A bill to amend the Internal Revenue Code of 1986 to provide credit rate parity for all renewable resources under the electricity production credit.