House Bill 7172
116th Congress(2019-2020)
Electric Power Infrastructure Improvement Act
Introduced
Introduced in House on Jun 11, 2020
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
7172
Congress
116
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
No House votes have been held for this bill.
Summary
Electric Power Infrastructure Improvement Act
This bill allows a tax credit for investment in a qualifying electric power transmission line property. The bill defines qualifying electric power transmission line property as (1) any overhead, submarine, or underground transmission facility that is capable of transmitting electricity at a voltage of not less than 345 kilovolts, has a transmission capacity of not less than 1,000 megawatts, is an alternating current or direct transmission line, and delivers power produced in either a rural area or offshore; and (2) conductors or cables, or other specified equipment, necessary for the proper operation of the facility.
June 11, 2020
06/11/2020
Referred to the House Committee on Ways and Means.
06/11/2020
Introduced in House
Public Record
Record Updated
Feb 9, 2022 12:55:50 AM