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HR 3180 United States House · 117th Congress

Renewable Energy Investment Act

Summary
Renewable Energy Investment Act This bill allows taxpayers, including certain pass-thru entities such as partnerships and S corporations, to elect to receive tax excludable payments in lieu of amounts attributable to the tax credits for energy property and for electricity produced from certain renewable resources.
Issues: ✓ Budget & TaxesSupports Budget & TaxesBill replaces tax credits with direct payments for renewable energy investments, providing tax relief via alternative structure while maintaining fiscal incentives.95% confidence ✓ EnergySupports EnergyBill provides tax incentives for renewable energy investments, directly promoting clean energy adoption through financial mechanisms for eligible entities.95% confidence ✓ EnvironmentSupports EnvironmentProvides tax incentives for renewable energy investments, directly promoting clean energy adoption and emission reduction goals per bill summary.95% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
May 2021
Committee Review
Floor Vote
President
Introduced May 13, 2021 Last action May 13, 2021
Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
3
Key actions
0
Committee
1
May 13, 2021
Committee
Referred to the House Committee on Ways and Means.
lower
May 13, 2021
Introduced
Introduced in House
lower
1 primary · 16 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Earl Blumenauer
Earl Blumenauer
DDemocratic
OR
3
Co
Photo of Albio Sires
Albio Sires
DDemocratic
NJ
8
Co
Photo of Bradley Scott Schneider
Bradley Scott Schneider
DDemocratic
IL
10
Co
Photo of Deborah K. Ross
Deborah K. Ross
DDemocratic
NC
2
Co
Photo of Donald S. Beyer, Jr.
Donald S. Beyer, Jr.
DDemocratic
VA
8
Co
Photo of Eleanor Holmes Norton
Eleanor Holmes Norton
DDemocratic
DC
At-Large
Co
Photo of Jake Auchincloss
Jake Auchincloss
DDemocratic
MA
4
Co
Photo of Jimmy Gomez
Jimmy Gomez
DDemocratic
CA
34
Co
Photo of Jimmy Panetta
Jimmy Panetta
DDemocratic
CA
19
Co
Photo of John B. Larson
John B. Larson
DDemocratic
CT
1
Co
Photo of Marilyn Strickland
Marilyn Strickland
DDemocratic
WA
10