Promoting Offshore Wind Power Act

Summary

Promoting Offshore Wind Power Act This bill 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 Department 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. The bill requires Treasury to review credits allocated under this Act periodically and authorizes Treasury to make additional allocations and reallocations of such credits upon determining that: (1) the limit on the total amount of megawatt capacity for offshore facilities with respect to which credits may be allocated under the program has not been attained, or (2) scheduled placed-in-service dates of previously certified facilities have been significantly delayed and the applicant for certification will not meet the required timeline.

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Timeline

1. 19 November 2015

   Introduced

   Introduced in House

   Source: IntroReferral

2. 19 November 2015

   Introduced

   Introduced in House

   Source: IntroReferral

3. 19 November 2015

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 19 November 2015 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 19 November 2015

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 19 November 2015

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 19 November 2015

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Pascrell, Bill, Jr. [D-NJ-9] · D · Sponsor
• Rep. LoBiondo, Frank A. [R-NJ-2] · R · Sponsor
• Rep. Carney, John C., Jr. [D-DE-At Large] · D · Sponsor
• Rep. Langevin, James R. [D-RI-2] · D · Cosponsor
• Rep. Sires, Albio [D-NJ-13] · D · Cosponsor
• Rep. Takai, Mark [D-HI-1] · D · Cosponsor
• Rep. Keating, William R. [D-MA-9] · D · Cosponsor
• Rep. Beyer, Donald S. [D-VA-8] · D · Cosponsor
• · hswm00 · Standing

Related records

• related to → Incentivizing Offshore Wind Power Act