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S 2306 United States Senate · 117th Congress

Maintaining and Enhancing Hydroelectricity and River Restoration Act of 2021

Summary
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.
Issues: ✓ Budget & TaxesSupports Budget & TaxesProvides 30% tax credit for hydroelectric dam maintenance and river restoration, offering tax relief for qualifying projects.95% confidence ✓ EnergySupports EnergyBill provides 30% tax credits for hydroelectric dam maintenance, environmental enhancements, and obsolete dam removal, directly promoting renewable energy infrastructure and river restoration.95% confidence ✓ EnvironmentSupports EnvironmentTax credits for environmental dam enhancements and river restoration promote clean energy (hydroelectric) and ecosystem conservation, directly advancing environmental protection goals.92% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Jun 2021
Committee Review
Floor Vote
President
Introduced Jun 24, 2021 Last action Jun 24, 2021
Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
2
Key actions
0
Committee
1
Jun 24, 2021
Committee
Read twice and referred to the Committee on Finance.
upper
Jun 24, 2021
Introduced
Introduced in Senate
upper
1 primary · 2 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Maria Cantwell
Maria Cantwell
DDemocratic
WA
n/a
Co
Photo of Debbie Stabenow
Debbie Stabenow
DDemocratic
MI
n/a
Co
Photo of Lisa Murkowski
Lisa Murkowski
RRepublican
AK
n/a