Maintaining and Enhancing Hydroelectricity and River Restoration Act of 2021
Summary
Maintaining and Enhancing Hydroelectricity and River Restoration Act of 2021 This bill allows a new tax credit for maintaining and enhancing hydroelectric dams that is equal to 30% of the basis of any qualified dam safety, environmental, and grid resilience enhancement property placed in service in a taxable year. It also allows a 30% credit for qualified obsolete river obstruction removal expenditures for demolishing and removing certain nonpowered or hydroelectric dams.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jul 2021
Committee Review
Floor Vote
President
Introduced Jul 16, 2021
Last action Jul 16, 2021
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Jul 16, 2021
Committee
Referred to the House Committee on Ways and Means.
lower
Jul 16, 2021
Introduced
Introduced in House
lower
1 primary · 4 co-sponsors
Sponsors
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