H.R. 4424 · 111th Congress
Enhancing Renewable Energy Investment Act
- Stage
- In committee
- Sponsor
- Joe Sestak
- Introduced
- 2010-01-12
- Latest action
- 2010-01-13 · Referred to the Subcommittee on Energy and Environment.
Summary
Enhancing Renewable Energy Investment Act - Amends the Internal Revenue Code to: (1) allow a 30% energy tax credit through 2016 for equipment used to produce electricity by geothermal power; and (2) require the inclusion in gross income for income tax purposes of employee compensation deferred under a nonqualified deferred compensation plan of certain foreign entities when there is no substantial risk of forfeiture of the rights to such compensation.
Amends the American Recovery and Reinvestment Tax Act of 2009 to allow an extension of the grant period for specified energy property in lieu of applicable tax credits.