Bill117th CongressFiled Jun 24, 2021Taxation
S. 2306
Maintaining and Enhancing Hydroelectricity and River Restoration Act of 2021
Bill journey · stage 2 of 5
Under committee review
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What it doesSummary introduced in senate (Jun 24, 2021)
Maintaining and Enhancing Hydroelectricity and River Restoration Act of 2021
This bill allows a new tax credit for maintaining and enhancing hydroelectric dams that is equal to 30% of the basis of any qualified dam safety, environmental, and grid resilience enhancement property placed in service in a taxable year. It also allows a 30% credit for qualified obsolete river obstruction removal expenditures for demolishing and removing certain nonpowered or hydroelectric dams.
What just happenedJun 24, 2021
Read twice and referred to the Committee on Finance.
Who’s behind it
Sen. Cantwell, Maria [D-WA](D-WA)Sponsor
2 cosponsors1 D1 R
2cosponsors1committees2actions2related bills
- Introduced in SenateJun 24, 2021
- Jun 24, 2021IntroReferral
Read twice and referred to the Committee on Finance.
Finance Committee - Jun 24, 2021IntroReferral10000
Introduced in Senate