Summary: H.R.4636 — 115th Congress (2017-2018)All Information (Except Text)

There is one summary for H.R.4636. Bill summaries are authored by CRS.

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Introduced in House (12/13/2017)

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.