H.R. 3733 · 114th Congress
Prioritizing Energy-Efficient Renewables Act of 2015
- Stage
- In committee
- Sponsor
- Jan Schakowsky
- Introduced
- 2015-10-09
- Latest action
- 2015-10-09 · Introduced in House
Summary
Prioritizing Energy-Efficient Renewables Act of 2015
This bill amends the Internal Revenue Code to: (1) make permanent the tax credit for producing electricity from wind, geothermal and solar energy, hydropower, and marine and hydrokinetic renewable energy facilities; (2) repeal the tax deduction for intangible drilling and development costs for oil and gas wells; (3) repeal the tax deduction for income attributable to the production, refining, transportation, or distribution of oil, natural gas, or any primary product thereof; and (4) repeal the percentage depletion allowance for oil and gas wells.