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Electric Power Infrastructure Improvement Act
2/9/2022, 12:55 AM
Congressional Summary of HR 7172
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.
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Current Status of Bill HR 7172
Bill HR 7172 is currently in the status of Bill Introduced since June 11, 2020. Bill HR 7172 was introduced during Congress 116 and was introduced to the House on June 11, 2020. Bill HR 7172's most recent activity was Referred to the House Committee on Ways and Means. as of June 11, 2020
Bipartisan Support of Bill HR 7172
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
1Democrat Cosponsors
1Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 7172
Primary Policy Focus
TaxationPotential Impact Areas
- Business expenses
- Electric power generation and transmission
- Income tax credits
Alternate Title(s) of Bill HR 7172
Electric Power Infrastructure Improvement Act
To amend the Internal Revenue Code of 1986 to establish a tax credit for installation of regionally significant electric power transmission lines.
Electric Power Infrastructure Improvement Act
Comments
Sponsors and Cosponsors of HR 7172
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