US HB3238 | 2011-2012 | 112th Congress
Status
Spectrum: Partisan Bill (Democrat 73-1)
Status: Introduced on October 18 2011 - 25% progression, died in committee
Action: 2011-10-18 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on October 18 2011 - 25% progression, died in committee
Action: 2011-10-18 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Incentivizing Offshore Wind Power Act - Amends the Internal Revenue Code to: (1) allow a 30% tax credit for investment in a qualifying offshore wind facility (an offshore facility using wind to produce electricity), and (2) direct the Secretary of the Treasury to establish a qualifying credit for offshore wind facilities program to consider and award certifications for investments eligible for such a credit to qualifying offshore wind facility sponsors. Requires the Secretary to review credits allocated under this Act and authorizes the Secretary to reallocate such credits upon determining that: (1) there is an insufficient quantity of qualifying applications for certification pending at the time of the review, or (2) scheduled placed-in-service dates of previously certified facilities have been significantly delayed and the applicant will not meet the required timeline.
Title
Incentivizing Offshore Wind Power Act
Sponsors
History
Date | Chamber | Action |
---|---|---|
2011-10-18 | House | Referred to the House Committee on Ways and Means. |
Same As/Similar To
SB1397 (Related) 2011-07-21 - Read twice and referred to the Committee on Finance.
Subjects
Alternative and renewable resources
Business investment and capital
Great Lakes
Income tax credits
Marine and coastal resources, fisheries
Taxation
Business investment and capital
Great Lakes
Income tax credits
Marine and coastal resources, fisheries
Taxation
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/112th-congress/house-bill/3238/all-info |
Text | https://www.congress.gov/112/bills/hr3238/BILLS-112hr3238ih.pdf |