US Congress Senate Bill 1899 (Prior Session Legislation)

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Spectrum: Slight Partisan Bill (Democrat 3-1)
Status: Introduced on January 9 2014 - 25% progression, died in committee
Action: 2014-01-09 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Amends the Internal Revenue Code to allow, through December 31, 2018: (1) a new business-related tax credit for sales by an electric utility of renewable electricity generated by a facility using wind or solar energy to a retail customer; and (2) payments to such utilities, in lieu of such tax credit, for sales of renewable electricity to retail customers. Delays, until 2023, the application of rules relating to the allocation and apportionment of the interest expense of domestic corporations that are members of a worldwide affiliated group.

A bill to amend the Internal Revenue Code of 1986 to provide a consumer renewable credit for a utility that sells renewable power, and for other purposes.

Sen. Amy Klobuchar [D-MN]

Sen. John Hoeven [R-ND]

Sen. Tim Johnson [D-SD]

Sen. Mark Udall [D-CO]

Date	Chamber	Action
2014-01-09	Senate	Read twice and referred to the Committee on Finance.

HB3838 (Related) 2014-01-10 - Referred to the Subcommittee on Energy and Power.

Type	Source
Summary	https://www.congress.gov/bill/113th-congress/senate-bill/1899/all-info
Text	https://www.congress.gov/113/bills/s1899/BILLS-113s1899is.pdf