US SB1291 | 2011-2012 | 112th Congress
Status
Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on June 28 2011 - 25% progression, died in committee
Action: 2011-06-28 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on June 28 2011 - 25% progression, died in committee
Action: 2011-06-28 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Amends the Internal Revenue Code to allow an electric utility: (1) a renewable electricity integration tax credit for the purchase or production of renewable power, or (2) a payment in lieu of such credit for sales of renewable electricity to retail customers.
Title
A bill to amend the Internal Revenue Code of 1986 to provide a renewable electricity integration credit for a utility that purchases or produces renewable power.
Sponsors
| Sen. Amy Klobuchar [D-MN] | Sen. Tim Johnson [D-SD] |
History
| Date | Chamber | Action |
|---|---|---|
| 2011-06-28 | Senate | Read twice and referred to the Committee on Finance. |
Same As/Similar To
HB2391 (Related) 2011-06-24 - Referred to the Subcommittee on Energy and Power.
SB559 (Related) 2011-03-10 - Read twice and referred to the Committee on Finance.
SB559 (Related) 2011-03-10 - Read twice and referred to the Committee on Finance.
Subjects
Alternative and renewable resources
Electric power generation and transmission
Income tax credits
Public utilities and utility rates
Taxation
Electric power generation and transmission
Income tax credits
Public utilities and utility rates
Taxation
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/112th-congress/senate-bill/1291/all-info |
| Text | https://www.congress.gov/112/bills/s1291/BILLS-112s1291is.pdf |
