Skip to content
PoliticalRepoPoliticalRepo

United States · Bill · S

S. 2994 (118th)

Maintaining and Enhancing Hydroelectricity and River Restoration Act of 2023

referredUnited States· United States Congress· EN

Introduced

28 September 2023

Last action

28 September 2023 · Introduced

Status

Read twice and referred to the Committee on Finance.

Sponsors

Sen. Cantwell, Maria [D-WA], Sen. Murkowski, Lisa [R-AK], Sen. Sullivan, Dan [R-AK], Sen. Stabenow, Debbie [D-MI], Sen. King, Angus S., Jr. [I-ME], Sen. Tillis, Thomas [R-NC], Sen. Gillibrand, Kirsten E. [D-NY], Sen. Shaheen, Jeanne [D-NH], Sen. Peters, Gary C. [D-MI], Sen. Collins, Susan M. [R-ME], Sen. Murray, Patty [D-WA], Sen. Cassidy, Bill [R-LA], Sen. Fischer, Deb [R-NE]

Subjects

Energy, Transport, Taxation

Source updated

29 April 2026

Energy · Transport · Taxation

Official sourceDownload fileView documentsShare

Summary

Maintaining and Enhancing Hydroelectricity and River Restoration Act of 2023 This bill establishes a new investment tax credit in the amount of 30% of the basis of any hydropower improvement property. The bill defines hydropower improvement property as property that adds or improves fish passage at a qualified dam; maintains or improves the quality of the water retained or released by a qualified dam; promotes downstream sediment transport and habitat maintenance; upgrades, repairs, or reconstructs a qualified dam to meet safety and security standards; improves public uses of, and access to, public waterways impacted by a qualified dam; removes an obsolete river obstruction; or places into service an approved remote dam. Further, written approval for hydropower improvement property must be obtained from the Federal Energy Regulatory Commission or state or local officials prior to January 1, 2032. The bill also allows an election to claim the investment tax credit for qualified progress expenses for some types of hydropower improvement property in advance of such property being placed into service. Any investment tax credit amount claimed for qualified progress expenses reduces the amount of the investment tax credit that may be claimed once the hydropower improvement property is placed into service.  The bill authorizes certain entities, including tax-exempt and governmental entities, to treat the investment tax credit for hydropower improvement property as a payment of tax and receive a refund of any overpayment (also known as elective pay).  Finally, the investment tax credit for hydropower improvement property may be transferred (i.e., sold).  

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

Timeline

  1. 28 September 2023

    Introduced

    Read twice and referred to the Committee on Finance.

    Source: IntroReferral

  2. 28 September 2023

    Introduced

    Introduced in Senate

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in Senate (text)

View fileDownload file

This file cannot be previewed here. Use View or Download.

Leesvertaling

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

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

  • Introduced in Senate (text)

    Introduced in Senate · EN · 28 September 2023

    ViewDownloadOpen at official source

  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 28 September 2023

    ViewDownloadOpen at official source

    Leesvertaling

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

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

  • Introduced in Senate

    summary · EN · 28 September 2023

    Open at official source

    Leesvertaling

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

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

Sponsors

Related records

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.