Bill
Bill > HR3905
US HR3905
US HR3905To amend the Internal Revenue Code of 1986 to extend for one year the credit for qualified small wind energy property.
summary
Introduced
11/03/2015
11/03/2015
In Committee
11/03/2015
11/03/2015
Crossed Over
Passed
Dead
01/03/2017
01/03/2017
Introduced Session
114th Congress
Bill Summary
To amend the Internal Revenue Code of 1986 to extend for one year the credit for qualified small wind energy property. This bill amends the Internal Revenue Code to extend through 2107 the energy tax credit for investment in qualified small wind energy property (i.e., property which uses a wind turbine with a nameplate capacity of not more than 100 kilowatts to generate electricity).
AI Summary
This bill extends for one year the tax credit for investing in qualified small wind energy property, which is defined as property using a wind turbine with a maximum capacity of 100 kilowatts to generate electricity. Specifically, it amends the Internal Revenue Code of 1986 by changing the expiration date for this credit from December 31, 2016, to December 31, 2017, making it applicable to periods after December 31, 2016, for taxable years ending after that date, following established rules for such tax credits.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Referred to the House Committee on Ways and Means. (on 11/03/2015)
Official Document
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