HR 4499 · 117th Congress · Taxation

Maintaining and Enhancing Hydroelectricity and River Restoration Act of 2021

Introduced 2021-07-16· Sponsored by Rep. Young, Don [R-AK-At Large]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2021-07-16)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (4)

3 Democrats1 Republican
Rep. Kuster, Ann M. [D-NH-2]NH
Rep. Fitzpatrick, Brian K. [R-PA-1]PA
Rep. DelBene, Suzan K. [D-WA-1]WA
Rep. Schrier, Kim [D-WA-8]WA