Marine and Hydrokinetic Renewable Energy Promotion Act

Bill: 110-hr-2036
Sponsor: Rep. Inslee, Jay [D-WA-1]
Introduced: 2007-04-25 in the House
Policy area: Energy
Subjects: Alternative energy sources
Congressional reporting requirements
Depreciation and amortization
Economics and Public Finance
Electric power production
Energy research
Environmental Protection
Environmental assessment
Equipment and supplies
Government lending
Government trust funds
Hydroelectric power
Income tax
Investment tax credit
Marine and coastal resources, fisheries
Ocean energy resources
Research and development
Science, Technology, Communications
Tax credits
Tax deductions
Taxation
Water Resources Development

Summary:
action_date: 2007-04-25
text: 
Marine and Hydrokinetic Renewable Energy Promotion Act - Directs the Secretary of Energy to establish: (1) a marine and hydrokinetic renewable energy research program; and (2) an Adaptive Management and Environmental Fund to lend funds to approved applicants to cover the costs of projects that produce marine and hydrokinetic renewable energy. 
 
Instructs the Secretary of Commerce and the Secretary of the Interior to prepare jointly programmatic environmental impact statements regarding the impacts of the deployment of marine and hydrokinetic renewable energy technologies in U.S. navigable waters.
 
Amends the Internal Revenue Code to allow: (1) a tax credit for electricity produced from marine and hydrokinetic renewable energy; and (2) an investment credit and five-year depreciation for equipment which produces electricity from marine and hydrokinetic renewable energy.


Legislative actions:
action_date: 2007-05-08
text: Referred to the Subcommittee on Energy and Environment.
action_date: 2007-04-30
text: Referred to the Subcommittee on Fisheries, Wildlife, and Oceans.
action_date: 2007-04-30
text: Referred to the Subcommittee on Energy and Mineral Resources.
action_date: 2007-04-26
text: Referred to the Subcommittee on Energy and Air Quality.
action_date: 2007-04-25
text: Referred to the Committee on Energy and Commerce, and in addition to the Committees on Science and Technology, Ways and Means, and Natural Resources, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2007-04-25
text: Referred to the Committee on Energy and Commerce, and in addition to the Committees on Science and Technology, Ways and Means, and Natural Resources, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2007-04-25
text: Referred to the Committee on Energy and Commerce, and in addition to the Committees on Science and Technology, Ways and Means, and Natural Resources, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2007-04-25
text: Referred to the Committee on Energy and Commerce, and in addition to the Committees on Science and Technology, Ways and Means, and Natural Resources, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2007-04-25
text: Referred to the Committee on Energy and Commerce, and in addition to the Committees on Science and Technology, Ways and Means, and Natural Resources, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2007-04-25
text: Introduced in House
action_date: 2007-04-25
text: Introduced in House