S 1397 · 112th Congress 2011–2013, ended

Incentivizing Offshore Wind Power Act

Introduced Jul 21, 2011 Originated Senate Sponsor Thomas R. Carper D-DE

Fact sheet

Latest action · Jul 21, 2011 Read twice and referred to the Committee on Finance.

Progress

Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.

IntroducedJul 21, 2011
Passed SenateNot reached
Passed HouseNot reached
To the PresidentNot reached
Became lawNot reached

Summary

Incentivizing Offshore Wind Power Act - Amends the Internal Revenue Code to: (1) allow a 30% tax credit for investment in a qualifying offshore wind facility (an offshore facility using wind to produce electricity), and (2) direct the Secretary of the Treasury to establish a qualifying credit for offshore wind facilities program to consider and award certifications for investments eligible for such a credit to qualifying offshore wind facility sponsors.

Requires the Secretary to review credits allocated under this Act periodically and authorizes the Secretary to make additional allocations and reallocations of such credits upon determining that: (1) the limit on the total amount of megawatt capacity for offshore facilities with respect to which credits may be allocated under the program has not been attained, or (2) scheduled placed-in-service dates of previously certified facilities have been significantly delayed and the applicant will not meet the required timeline.

Cosponsors 12

Members who signed on, in the order they did. Signatures ran from Jul 21, 2011 to Jul 10, 2012, with 9 there on the day it was introduced.

Seat	Cosponsor		Signed on
D-MD	Benjamin L. Cardin	Original	Jul 21, 2011
D-DE	Christopher A. Coons	Original	Jul 21, 2011
D-NJ	Frank R. Lautenberg	Original	Jul 21, 2011
D-RI	Jack Reed	Original	Jul 21, 2011
R-ME	Olympia J. Snowe	Original	Jul 21, 2011
D-NJ	Robert Menendez	Original	Jul 21, 2011
D-RI	Sheldon Whitehouse	Original	Jul 21, 2011
D-OH	Sherrod Brown	Original	Jul 21, 2011
R-ME	Susan M. Collins	Original	Jul 21, 2011
D-MD	Barbara A. Mikulski		Dec 6, 2011
D-MA	John F. Kerry		Apr 16, 2012
D-NY	Kirsten E. Gillibrand		Jul 10, 2012

Actions 2

Everything that happened, newest first.

Jul 21, 2011Introduced in Senate
Jul 21, 2011Read twice and referred to the Committee on Finance.

Related bills 1

Companion bills and other measures the record links to this one.

Bill	Title	Relationship	Latest action
HR 3238	Incentivizing Offshore Wind Power Act	Related bill	Oct 18, 2011

Subjects

Assigned by the Library of Congress. Policy area: Taxation.

Text 1

Each version as it was printed, newest first.

Jul 21, 2011Introduced in Senate

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Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.