Renewable Energy Investment Act of 2019 This bill allows Indian tribal governments and other taxpayers to elect to receive tax excludable payments in lieu of credit amounts attributable to the tax credits for energy property and for electricity produced from certain renewable resources. The payments to such other taxpayers are limited to 85% of the credit amounts.
Alternative and renewable resourcesElectric power generation and transmissionIncome tax creditsIndian social and development programsTax administration and collection, taxpayers
Renewable Energy Investment Act of 2019
USA116th CongressHR-5157| House
| Updated: 11/19/2019
Renewable Energy Investment Act of 2019 This bill allows Indian tribal governments and other taxpayers to elect to receive tax excludable payments in lieu of credit amounts attributable to the tax credits for energy property and for electricity produced from certain renewable resources. The payments to such other taxpayers are limited to 85% of the credit amounts.
Alternative and renewable resourcesElectric power generation and transmissionIncome tax creditsIndian social and development programsTax administration and collection, taxpayers