H.R. 4636 · 115th Congress
Prioritizing Energy-Efficient Renewables Act of 2017
- Stage
- In committee
- Sponsor
- Jan Schakowsky
- Introduced
- 2017-12-13
- Latest action
- 2017-12-13 · Introduced in House
Summary
Prioritizing Energy-Efficient Renewables Act of 2017
This bill amends the Internal Revenue Code to: (1) make permanent the tax credits for producing electricity from wind, geothermal 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.