US Congress House Bill 4088 (Prior Session Legislation)

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Spectrum: Moderate Partisan Bill (Democrat 7-1)
Status: Introduced on November 19 2015 - 25% progression, died in committee
Action: 2015-11-19 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Promoting Offshore Wind Power Act This bill 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 Department 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. The bill requires Treasury to review credits allocated under this Act periodically and authorizes Treasury to make additional allocations and reallocations of such credits upon determining that: (1) the limit on the total amount of megawatt capacity for offshore facilities with respect to which credits may be allocated under the program has not been attained, or (2) scheduled placed-in-service dates of previously certified facilities have been significantly delayed and the applicant for certification will not meet the required timeline.

Promoting Offshore Wind Power Act

Rep. Bill Pascrell [D-NJ]	Rep. Frank LoBiondo [R-NJ]	Rep. John Carney [D-DE]	Rep. James Langevin [D-RI]
Rep. Albio Sires [D-NJ]	Rep. Mark Takai [D-HI]	Rep. William Keating [D-MA]	Rep. Don Beyer [D-VA]

Date	Chamber	Action
2015-11-19	House	Referred to the House Committee on Ways and Means.
2015-11-19	House	Introduced in House

SB1736 (Related) 2015-07-09 - Read twice and referred to the Committee on Finance.

Type	Source
Summary	https://www.congress.gov/bill/114th-congress/house-bill/4088/all-info
Text	https://www.congress.gov/114/bills/hr4088/BILLS-114hr4088ih.pdf