Bill
Bill > S2306
summary
Introduced
06/24/2021
06/24/2021
In Committee
06/24/2021
06/24/2021
Crossed Over
Passed
Dead
01/03/2023
01/03/2023
Introduced Session
117th Congress
Bill Summary
A BILL To amend the Internal Revenue Code of 1986 to support upgrades at existing hydroelectric dams and the removal of obsolete river obstructions to improve the health of the Nation’s rivers and associated wildlife habitat and increase clean energy production, public safety, and for other purposes.
AI Summary
This bill aims to support upgrades at existing hydroelectric dams and the removal of obsolete river obstructions to improve the health of the nation's rivers and associated wildlife habitat, and increase clean energy production and public safety. It proposes to create a 30% tax credit for qualified dam safety, environmental, and grid resilience enhancement property, as well as a 30% tax credit for qualified obsolete river obstruction removal expenditures. The bill also includes provisions to allow certain tax-exempt entities to benefit from these credits.
Committee Categories
Budget and Finance
Sponsors (3)
Last Action
Read twice and referred to the Committee on Finance. (on 06/24/2021)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/117th-congress/senate-bill/2306/all-info |
| BillText | https://www.congress.gov/117/bills/s2306/BILLS-117s2306is.pdf |
| Bill | https://www.congress.gov/117/bills/s2306/BILLS-117s2306is.pdf.pdf |
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