119th Congress Taxation
S. 1183: Maintaining and Enhancing Hydroelectricity and River Restoration Act of 2025
Introduced
- Introduced (completed)
- Passed Senate (not reached)
- Passed House (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
This bill establishes a new investment tax credit in the amount of 30% of the basis of any hydropower improvement property.
The bill defines hydropower improvement property as property that
- adds or improves fish passage at a qualified dam;
- maintains or improves the quality of the water retained or released by a qualified dam;
- promotes downstream sediment transport and habitat maintenance;
- upgrades, repairs, or reconstructs a qualified dam to meet safety and security standards;
- improves public uses of, and access to, public waterways impacted by a qualified dam;
- removes an obsolete river obstruction; or
- places into service an approved remote dam.
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Further, written approval for hydropower improvement property must be obtained from the Federal Energy Regulatory Commission or state or local officials prior to January 1, 2035.
The bill also allows an election to claim the investment tax credit for qualified progress expenses for some types of hydropower improvement property in advance of such property being placed into service. Any investment tax credit amount claimed for qualified progress expenses reduces the amount of the investment tax credit that may be claimed once the hydropower improvement property is placed into service.
The bill authorizes certain entities, including tax-exempt and governmental entities, to treat the investment tax credit for hydropower improvement property as a payment of tax and receive a refund of any overpayment (also known as elective pay).
Finally, the investment tax credit for hydropower improvement property may be transferred (i.e., sold).
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Susan Collins R-MEOriginal
- Kirsten Gillibrand D-NYOriginal
- Angus King I-MEOriginal
- Patty Murray D-WAOriginal
- Lisa Murkowski R-AKOriginal
- Gary Peters D-MIOriginal
- Jeanne Shaheen D-NHOriginal
- Dan Sullivan R-AKOriginal
- Deb Fischer R-NE
- Pete Ricketts R-NE
- Margaret Hassan D-NH
- Jerry Moran R-KS
- Peter Welch D-VT
- Ron Wyden D-OR
Who scored on this bill
- 1Maria Cantwell SponsorDrew cross-party cosponsors, introduced2 events+6
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Introductions and cosponsorships count toward weekly caps and show no points.
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History
- Introduced in the Senate by Maria Cantwell.
Show the full action history (2 actions)
- Introduced in Senate
- Read twice and referred to the Committee on Finance.