S. 411 — A bill 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).

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Related Legislation

H.R. 2742To 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.
2007-06-15Referred to the House Committee on Ways and Means.
Related
H.R. 1924To amend the Internal Revenue Code of 1986 to provide credit rate parity for all renewable resources under the electricity production credit.
2007-04-18Referred to the House Committee on Ways and Means.
Related

Legislative Actions

2007-01-26
Introduced in Senate
2007-01-26
Sponsor introductory remarks on measure. (CR S1242-1243)
2007-01-26
Read twice and referred to the Committee on Finance.

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

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Summary

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Legislative Actions

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