Senate Bill 4678
116th Congress(2019-2020)
PTC Elimination Act
Introduced
Introduced in Senate on Sep 23, 2020
Origin Chamber
Senate
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
4678
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 Senate votes have been held for this bill.
Summary
PTC Elimination Act
This bill repeals the tax credit for producing electricity from renewable resources (e.g., wind, biomass, trash, geothermal or solar energy facilities). The bill also expresses the sense of Congress that such credit should be allowed to expire and should not be extended.
September 23, 2020
09/23/2020
Read twice and referred to the Committee on Finance.
09/23/2020
Introduced in Senate
Public Record
Record Updated
Jan 11, 2023 1:44:43 PM