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]

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.

Tracking Information

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Title

Incentivizing Offshore Wind Power Act

Sponsors

Rep. Bill Pascrell [D-NJ]Rep. Gary Ackerman [D-NY]Rep. Robert Andrews [D-NJ]Rep. Earl Blumenauer [D-OR]
Rep. Madeleine Bordallo [D-GU]Rep. Lois Capps [D-CA]Rep. Michael Capuano [D-MA]Rep. John Carney [D-DE]
Rep. Judy Chu [D-CA]Rep. David Cicilline [D-RI]Rep. Hansen Clarke [D-MI]Rep. Yvette Clarke [D-NY]
Rep. Gerald Connolly [D-VA]Rep. John Conyers [D-MI]Rep. John Dingell [D-MI]Rep. Donna Edwards [D-MD]
Rep. Keith Ellison [D-MN]Rep. Chaka Fattah [D-PA]Rep. Bob Filner [D-CA]Rep. Barney Frank [D-MA]
Rep. Marcia Fudge [D-OH]Rep. John Garamendi [D-CA]Rep. Raul Grijalva [D-AZ]Rep. Colleen Hanabusa [D-HI]
Rep. Alcee Hastings [D-FL]Sen. Martin Heinrich [D-NM]Rep. James Himes [D-CT]Rep. Rush Holt [D-NJ]
Rep. Michael Honda [D-CA]Rep. Steve Israel [D-NY]Rep. Jesse Jackson [D-IL]Rep. Marcy Kaptur [D-OH]
Rep. William Keating [D-MA]Rep. Dale Kildee [D-MI]Rep. Ron Kind [D-WI]Rep. Dennis Kucinich [D-OH]
Rep. James Langevin [D-RI]Rep. John Larson [D-CT]Rep. Barbara Lee [D-CA]Rep. Frank LoBiondo [R-NJ]
Sen. Ben Lujan [D-NM]Rep. Stephen Lynch [D-MA]Rep. Carolyn Maloney [D-NY]Sen. Edward Markey [D-MA]
Rep. Betty McCollum [D-MN]Rep. Jim McDermott [D-WA]Rep. James McGovern [D-MA]Rep. Mike McIntyre [D-NC]
Rep. Gregory Meeks [D-NY]Rep. Michael Michaud [D-ME]Rep. Gwen Moore [D-WI]Rep. James Moran [D-VA]
Rep. Richard Neal [D-MA]Rep. Eleanor Norton [D-DC]Rep. John Olver [D-MA]Sen. Gary Peters [D-MI]
Rep. Chellie Pingree [D-ME]Rep. Jared Polis [D-CO]Rep. David Price [D-NC]Rep. Mike Quigley [D-IL]
Rep. Charles Rangel [D-NY]Rep. Bobby Rush [D-IL]Rep. Tim Ryan [D-OH]Rep. John Sarbanes [D-MD]
Rep. Robert Scott [D-VA]Rep. Terri Sewell [D-AL]Rep. John Tierney [D-MA]Rep. Paul Tonko [D-NY]
Rep. Edolphus Towns [D-NY]Rep. Niki Tsongas [D-MA]Sen. Chris Van Hollen [D-MD]Rep. Henry Waxman [D-CA]
Rep. Frederica Wilson [D-FL]Rep. Lynn Woolsey [D-CA]

History

DateChamberAction
2011-10-18HouseReferred 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


US Congress State Sources


Bill Comments

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