Bill
Bill > HR3897
US HR3897
US HR3897To amend the Internal Revenue Code of 1986 to extend for two years the credit for qualified microturbine 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 two years the credit for qualified microturbine property. This bill amends the Internal Revenue Code to extend through 2018 the energy tax credit for investment in qualified microturbine property.
AI Summary
This bill extends for two years the energy tax credit for investment in qualified microturbine property, meaning businesses that invest in these small, efficient turbines will continue to be eligible for this tax credit through December 31, 2018, rather than it expiring at the end of 2016. The Internal Revenue Code of 1986 is the body of federal tax law in the United States, and tax credits are reductions in the amount of tax a person or business owes. This extension is intended to encourage continued investment in this type of energy technology.
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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