Electric Power Infrastructure Improvement Act

Senate Bill 3107 - Electric Power Infrastructure Improvement Act: Overview, Status, and Impact

Hozzl · 2022-10-28T01:46:13Z

Explore the details of Senate Bill 3107 Electric Power Infrastructure Improvement Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

10/28/2022, 1:46 AM

Congressional Summary of S 3107

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.

Read the Full Bill

Formatted Text PDF Formatted XML

Current Status of Bill S 3107

Bill S 3107 is currently in the status of Bill Introduced since December 19, 2019. Bill S 3107 was introduced during Congress 116 and was introduced to the Senate on December 19, 2019. Bill S 3107's most recent activity was Read twice and referred to the Committee on Finance. as of December 19, 2019

Bipartisan Support of Bill S 3107

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 3107

Primary Policy Focus

Taxation

Potential Impact Areas

- Business expenses

- Electric power generation and transmission

- Income tax credits

Alternate Title(s) of Bill S 3107

Electric Power Infrastructure Improvement Act

A bill to amend the Internal Revenue Code of 1986 to establish a tax credit for installation of regionally significant electric power transmission lines.