Maintaining and Enhancing Hydroelectricity and River Restoration Act of 2021
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Jul 16, 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 happenedJul 16, 2021
Referred to the House Committee on Ways and Means.
Who’s behind it
- Introduced in HouseJul 16, 2021
- Jul 16, 2021IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Jul 16, 2021IntroReferralIntro-H
Introduced in House
- Jul 16, 2021IntroReferral1000
Introduced in House