Renewable Energy Development Incentives Act - Amends the Internal Revenue Code respecting the renewable resource credit to: (1) include alternative resources (solar, biomass, incremental hydropower, and geothermal energy); (2) provide an increased credit for certain co-production facilities, and for qualified facilities on Indian and Alaskan Native Indian lands; (3) provide for credit transferability; (4) require facility compliance with pollution laws; and (5) eliminate the January 1, 2002, placed-in-service date for purposes of qualified facility eligibility.
Actions
Feb 6, 2001
Read twice and referred to the Committee on Finance.
Feb 6, 2001
Sponsor introductory remarks on measure. (CR S1066-1067)