To amend the Internal Revenue Code of 1986 to extend certain provisions of the renewable energy credit, and for other purposes.
Prioritizing Energy-Efficient Renewables Act of 2015
This bill amends the Internal Revenue Code to: (1) make permanent the tax credit for producing electricity from wind, geothermal and solar energy, hydropower, and marine and hydrokinetic renewable energy facilities; (2) repeal the tax deduction for intangible drilling and development costs for oil and gas wells; (3) repeal the tax deduction for income attributable to the production, refining, transportation, or distribution of oil, natural gas, or any primary product thereof; and (4) repeal the percentage depletion allowance for oil and gas wells.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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