US SB4678 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Republican 5-0)
Status: Introduced on September 23 2020 - 25% progression, died in committee
Action: 2020-09-23 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on September 23 2020 - 25% progression, died in committee
Action: 2020-09-23 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Repeals the tax credit for producing electricity from renewable resources (e.g., wind, biomass, trash, geothermal or solar energy facilities). The bill also expresses the sense of Congress that such credit should be allowed to expire and should not be extended.
Title
PTC Elimination Act
Sponsors
| Sen. James Lankford [R-OK] | Sen. Kevin Cramer [R-ND] | Sen. John Hoeven [R-ND] | Sen. Shelley Capito [R-WV] |
| Sen. Lamar Alexander [R-TN] |
History
| Date | Chamber | Action |
|---|---|---|
| 2020-09-23 | Senate | Read twice and referred to the Committee on Finance. |
Same As/Similar To
HB8359 (Same As) 2020-09-23 - Referred to the House Committee on Ways and Means.
Subjects
Alternative and renewable resources
Electric power generation and transmission
Income tax credits
Taxation
Electric power generation and transmission
Income tax credits
Taxation
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/senate-bill/4678/all-info |
| Text | https://www.congress.gov/116/bills/s4678/BILLS-116s4678is.pdf |
