H.R. 3838 · 113th Congress
To amend the Internal Revenue Code of 1986 to provide a consumer renewable credit for utilities that sell intermittent renewable power.
- Stage
- In committee
- Sponsor
- Erik Paulsen
- Introduced
- 2014-01-09
- Latest action
- 2014-01-10 · Referred to the Subcommittee on Energy and Power.
Summary
Amends the Internal Revenue Code to: (1) allow a new business-related tax credit for sales by an electric utility, prior to January 1, 2020, of renewable electricity generated by a facility using wind or solar energy to a retail customer; and (2) allow payments to such utilities, in lieu of such tax credit, for sales of renewable electricity to retail customers prior to January 1, 2020.