Renewable Energy Incentives Act

Summary

Renewable Energy Incentives Act - Amends the Internal Revenue Code respecting the renewable resource credit to: (1) increase the credit rate; (2) include alternative resources (solar, open loop biomass, incremental hydropower, incremental geothermal, geothermal, and landfill gas); (3) provide an increased credit for certain co-production facilities, and for qualified facilities on Indian and Alaskan Native Indian lands; (4) allow a credit (and its subsequent transferability) for a qualified facility of a tax-exempt organization or governmental unit; (5) provide for credit transferability; (6) require facility compliance with pollution laws; and (7) eliminate the January 1, 2004, placed-in-service date for purposes of qualified facility eligibility (makes the credit permanent).

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Timeline

1. 27 February 2003

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 27 February 2003

   Introduced

   Sponsor introductory remarks on measure. (CR S2923-2924)

   Source: IntroReferral

3. 27 February 2003

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 27 February 2003 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 27 February 2003

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 27 February 2003

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 27 February 2003

  Open at official source

Sponsors

• Sen. Reid, Harry [D-NV] · D · Sponsor
• Sen. Smith, Gordon H. [R-OR] · R · Sponsor
• Rep. Snowe, Olympia J. [R-ME-2] · R · Sponsor
• Maria Cantwell · D · Sponsor
• Rep. Harkin, Tom [D-IA-5] · D · Sponsor
• Sen. Lieberman, Joseph I. [D-CT] · D · Sponsor
• Sen. Feinstein, Dianne [D-CA] · D · Sponsor
• Rep. Jeffords, James M. [R-VT-At Large] · I · Sponsor
• Ron Wyden · D · Sponsor
• Sen. Coleman, Norm [R-MN] · R · Sponsor
• Sen. Daschle, Thomas A. [D-SD] · D · Cosponsor
• Sen. Dayton, Mark [D-MN] · D · Cosponsor
• Sen. Hagel, Chuck [R-NE] · R · Cosponsor
• Patty Murray · D · Cosponsor
• Sen. Lautenberg, Frank R. [D-NJ] · D · Cosponsor
• Richard Durbin · D · Cosponsor
• · ssfi00 · Standing

Related records

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