Tax Credits for Hydropower Upgrades, Grid Reliability, and River Restoration.
This law establishes a 30% tax credit for companies that upgrade existing hydroelectric facilities and dams. The goal is to boost clean energy production, enhance the reliability of the national power grid, and significantly improve river health, including fish migration and water quality. Citizens benefit from safer infrastructure and a more resilient energy supply.
Key points
A 30% tax credit is available for investments in improving existing dams and hydroelectric power plants to increase clean energy output.
Qualifying projects include enhancing dam safety, improving fish passage, maintaining water quality, and removing obsolete river obstructions.
The credit can be claimed as a direct cash payment (elective payment) or transferred (sold) to another taxpayer, simplifying financing for infrastructure improvements.
Status:
Expired
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