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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.
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Additional Information
Print number: 118_S_2994
Sponsor: Sen. Cantwell, Maria [D-WA]
Process start date: 2023-09-28
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Maintaining and Enhancing Hydroelectricity and River Restoration Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_2994.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2023-09-28.

What are the main provisions?

Key points include:

  • 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.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Cantwell, Maria [D-WA].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

CATEGORIES

Taxes Environment Public Investments