H.R.5181 - Local Taxpayer Protection Act of 2018115th Congress (2017-2018)
|Sponsor:||Rep. Faso, John J. [R-NY-19] (Introduced 03/06/2018)|
|Committees:||House - Energy and Commerce|
|Latest Action:||House - 03/09/2018 Referred to the Subcommittee on Energy. (All Actions)|
This bill has the status Introduced
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Summary: H.R.5181 — 115th Congress (2017-2018)All Information (Except Text)
Introduced in House (03/06/2018)
Local Taxpayer Protection Act of 2018
This bill requires certain hydropower facility licensees to make an annual payment of $1.8 million to the county in which the licensed hydropower facility is located. Subsequent payments must increase by 2% of the preceding annual payment.
The fee applies to a state, or a subdivision of the state, that (1) received a license for a pumped-storage facility, and (2) filed for the license in April 2017.