S.3571 - Hydropower Renewable Energy Development Act of 2010111th Congress (2009-2010)
|Sponsor:||Sen. Murkowski, Lisa [R-AK] (Introduced 07/13/2010)|
|Committees:||Senate - Finance|
|Latest Action:||Senate - 07/13/2010 Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S5790-5791) (All Actions)|
This bill has the status Introduced
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Summary: S.3571 — 111th Congress (2009-2010)All Information (Except Text)
Introduced in Senate (07/13/2010)
Hydropower Renewable Energy Development Act of 2010 - Includes hydroelectric energy generated in the United States by a hydroelectric facility within the definition of "renewable energy" for purposes of any federal program or standard.
Amends the Internal Revenue Code to: (1) classify certain hydropower production facilities as a renewable resource for purposes of the tax credit for producing electricity from renewable resources; and (2) eliminate the one-half reduction in the tax credit rate for hydropower facilities.