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Bill > HR3017


US HR3017

US HR3017
Renewable Energy Construction and Investment Parity Act of 2013


summary

Introduced
08/02/2013
In Committee
08/12/2013
Crossed Over
Passed
Dead
01/03/2015

Introduced Session

113th Congress

Bill Summary

Renewable Energy Construction and Investment Parity Act of 2013 - Amends the Internal Revenue Code to extend the energy tax credit to solar energy, fuel cell, microturbine, combined heat and power system, small wind energy, and thermal energy properties the construction of which begins before January 1, 2017. Requires amounts received from the sale of crude helium under the Helium Act to be deposited in the general fund of the Treasury to compensate for revenue lost resulting from this Act and to reduce the annual federal budget deficit or the public debt.

AI Summary

This bill, the Renewable Energy Construction and Investment Parity Act of 2013, amends the Internal Revenue Code to extend tax credits for the construction of certain renewable energy properties, including solar energy, fuel cell, microturbine, combined heat and power systems, small wind energy, and thermal energy properties, provided their construction begins before January 1, 2017. To offset the potential revenue loss from these extended tax credits, the bill mandates that any money received from the sale of crude helium under the Helium Act will be deposited into the U.S. Treasury's general fund, which will then be used to reduce the federal budget deficit or the national debt.

Committee Categories

Agriculture and Natural Resources, Budget and Finance

Sponsors (4)

Last Action

Referred to the Subcommittee on Energy and Mineral Resources. (on 08/12/2013)

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