H.R. 4499 · 117th Congress
Maintaining and Enhancing Hydroelectricity and River Restoration Act of 2021
- Stage
- In committee
- Sponsor
- Don Young
- Introduced
- 2021-07-16
- Latest action
- 2021-07-16 · Introduced in House
Summary
Maintaining and Enhancing Hydroelectricity and River Restoration Act of 2021
This bill allows a new tax credit for maintaining and enhancing hydroelectric dams that is equal to 30% of the basis of any qualified dam safety, environmental, and grid resilience enhancement property placed in service in a taxable year. It also allows a 30% credit for qualified obsolete river obstruction removal expenditures for demolishing and removing certain nonpowered or hydroelectric dams.