Legis Daily

GREEN Act of 2020

USA116th CongressHR-7330| House 
| Updated: 6/25/2020
Mike Thompson

Mike Thompson

Democratic Representative

California

Cosponsors (49)
Dwight Evans (Democratic)Stephanie N. Murphy (Democratic)Emanuel Cleaver (Democratic)Brian Higgins (Democratic)Darren Soto (Democratic)Debra A. Haaland (Democratic)Terri A. Sewell (Democratic)Steven Horsford (Democratic)Jimmy Panetta (Democratic)Michael F. Doyle (Democratic)Steve Cohen (Democratic)Suzan K. DelBene (Democratic)Paul Tonko (Democratic)Thomas R. Suozzi (Democratic)Danny K. Davis (Democratic)Daniel T. Kildee (Democratic)Alan S. Lowenthal (Democratic)Ann M. Kuster (Democratic)Brendan F. Boyle (Democratic)John B. Larson (Democratic)Harley Rouda (Democratic)Doris O. Matsui (Democratic)Jahana Hayes (Democratic)John Lewis (Democratic)Anna G. Eshoo (Democratic)Mark Takano (Democratic)Richard E. Neal (Democratic)Salud O. Carbajal (Democratic)Joe Neguse (Democratic)Donald S. Beyer (Democratic)Ron Kind (Democratic)Julia Brownley (Democratic)Jose E. Serrano (Democratic)Peter Welch (Democratic)Bennie G. Thompson (Democratic)Earl Blumenauer (Democratic)Charlie Crist (Democratic)Suzanne Bonamici (Democratic)Linda T. Sánchez (Democratic)Gwen Moore (Democratic)Jimmy Gomez (Democratic)Bradley Scott Schneider (Democratic)Alcee L. Hastings (Democratic)Lloyd Doggett (Democratic)Gerald E. Connolly (Democratic)Chellie Pingree (Democratic)Bill Pascrell (Democratic)Mike Levin (Democratic)Judy Chu (Democratic)

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Growing Renewable Energy and Efficiency Now Act of 2020 or the GREEN Act of 2020 This bill provides tax incentives for investment in renewable energy resources and energy efficiency programs. Among other provisions, the bill extends for five years the tax credit for production of electricity from certain renewable resources (e.g., wind facilities, biomass, landfill trash facilities), the election to treat certain tangible property as energy property for purposes of the energy tax credit, and certain provisions of the energy tax credit; expands the energy tax credit to include energy storage technology, waste energy recovery property, and qualified biogas property; extends for two years the tax credit for carbon oxide sequestration; allows elective payments in lieu of certain energy-related tax credits; modifies the phaseout provisions of the income and excise tax credits for biodiesel and renewable diesel and extends the termination date for such credits; extends for five years and increases the tax credit for nonbusiness energy property and the new energy efficient home tax credit; extends for six years the residential energy efficient property tax credit; extends for five years the tax deduction for energy efficient commercial buildings; modifies the limitations on new qualified plug-in electric drive motor vehicles tax credit and allows a new credit for such vehicles that are previously-owned; allows a new tax credit for zero emission heavy vehicles (vehicles with a gross weight rating of not less than 14,000 pounds and not powered by an internal combustion engine); extends for five years the tax credits for qualified fuel cell motor vehicles and alternative fuel cell refueling property; provides for additional allocations of the advanced energy project tax credit; allows a new tax credit for the labor costs of installing mechanical insulation property; allows a new tax credit to promote environmental justice programs (programs to improve health and economic outcomes of individuals residing in low-income areas or areas populated disproportionately by racial or ethnic minorities); and requires the Department of the Treasury to report on the utility of data from the Greenhouse Gas Reporting Program for determining the amount of greenhouse gases emitted by taxpayers for purposes of imposing a fee on them for such emissions.
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Timeline
Jun 25, 2020
Introduced in House
Jun 25, 2020
Referred to the House Committee on Ways and Means.
  • June 25, 2020
    Introduced in House


  • June 25, 2020
    Referred to the House Committee on Ways and Means.

Taxation

Related Bills

  • HR 116-5166: Mechanical Insulation Installation Incentive Act of 2019
  • HR 116-2040: Clean Energy Production Parity Act of 2019
  • HR 116-5165: Innovative Energy Manufacturing Act of 2019
  • HR 116-5163: Green Bus Tax Credit Act of 2019
  • HR 116-5157: Renewable Energy Investment Act of 2019
  • HR 116-4887: Incentivizing Offshore Wind Power Act
  • S 116-1094: Driving America Forward Act
  • S 116-4664: A bill to amend the Internal Revenue Code of 1986 to provide an exclusion from gross income for certain waste water management subsidies.
  • HR 116-2: Moving Forward Act
  • HR 116-2313: Water Conservation Rebate Tax Parity Act
Advanced technology and technological innovationsAir qualityAlternative and renewable resourcesClimate change and greenhouse gasesCommutingCongressional oversightElectric power generation and transmissionEmployee benefits and pensionsEmployee hiringEnergy efficiency and conservationEnergy storage, supplies, demandEnvironmental assessment, monitoring, researchEnvironmental educationEnvironmental regulatory proceduresFloods and storm protectionGovernment information and archivesGovernment studies and investigationsHigher educationHousing industry and standardsHybrid, electric, and advanced technology vehiclesIncome tax creditsIncome tax deductionsIncome tax exclusionLabor standardsLicensing and registrationsMotor fuelsMotor vehiclesPedestrians and bicyclingProperty taxResearch administration and fundingSales and excise taxesState and local government operationsState and local taxationTax administration and collection, taxpayersWages and earningsWater use and supply

GREEN Act of 2020

USA116th CongressHR-7330| House 
| Updated: 6/25/2020
Growing Renewable Energy and Efficiency Now Act of 2020 or the GREEN Act of 2020 This bill provides tax incentives for investment in renewable energy resources and energy efficiency programs. Among other provisions, the bill extends for five years the tax credit for production of electricity from certain renewable resources (e.g., wind facilities, biomass, landfill trash facilities), the election to treat certain tangible property as energy property for purposes of the energy tax credit, and certain provisions of the energy tax credit; expands the energy tax credit to include energy storage technology, waste energy recovery property, and qualified biogas property; extends for two years the tax credit for carbon oxide sequestration; allows elective payments in lieu of certain energy-related tax credits; modifies the phaseout provisions of the income and excise tax credits for biodiesel and renewable diesel and extends the termination date for such credits; extends for five years and increases the tax credit for nonbusiness energy property and the new energy efficient home tax credit; extends for six years the residential energy efficient property tax credit; extends for five years the tax deduction for energy efficient commercial buildings; modifies the limitations on new qualified plug-in electric drive motor vehicles tax credit and allows a new credit for such vehicles that are previously-owned; allows a new tax credit for zero emission heavy vehicles (vehicles with a gross weight rating of not less than 14,000 pounds and not powered by an internal combustion engine); extends for five years the tax credits for qualified fuel cell motor vehicles and alternative fuel cell refueling property; provides for additional allocations of the advanced energy project tax credit; allows a new tax credit for the labor costs of installing mechanical insulation property; allows a new tax credit to promote environmental justice programs (programs to improve health and economic outcomes of individuals residing in low-income areas or areas populated disproportionately by racial or ethnic minorities); and requires the Department of the Treasury to report on the utility of data from the Greenhouse Gas Reporting Program for determining the amount of greenhouse gases emitted by taxpayers for purposes of imposing a fee on them for such emissions.
View Full Text

Suggested Questions

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Timeline
Jun 25, 2020
Introduced in House
Jun 25, 2020
Referred to the House Committee on Ways and Means.
  • June 25, 2020
    Introduced in House


  • June 25, 2020
    Referred to the House Committee on Ways and Means.
Mike Thompson

Mike Thompson

Democratic Representative

California

Cosponsors (49)
Dwight Evans (Democratic)Stephanie N. Murphy (Democratic)Emanuel Cleaver (Democratic)Brian Higgins (Democratic)Darren Soto (Democratic)Debra A. Haaland (Democratic)Terri A. Sewell (Democratic)Steven Horsford (Democratic)Jimmy Panetta (Democratic)Michael F. Doyle (Democratic)Steve Cohen (Democratic)Suzan K. DelBene (Democratic)Paul Tonko (Democratic)Thomas R. Suozzi (Democratic)Danny K. Davis (Democratic)Daniel T. Kildee (Democratic)Alan S. Lowenthal (Democratic)Ann M. Kuster (Democratic)Brendan F. Boyle (Democratic)John B. Larson (Democratic)Harley Rouda (Democratic)Doris O. Matsui (Democratic)Jahana Hayes (Democratic)John Lewis (Democratic)Anna G. Eshoo (Democratic)Mark Takano (Democratic)Richard E. Neal (Democratic)Salud O. Carbajal (Democratic)Joe Neguse (Democratic)Donald S. Beyer (Democratic)Ron Kind (Democratic)Julia Brownley (Democratic)Jose E. Serrano (Democratic)Peter Welch (Democratic)Bennie G. Thompson (Democratic)Earl Blumenauer (Democratic)Charlie Crist (Democratic)Suzanne Bonamici (Democratic)Linda T. Sánchez (Democratic)Gwen Moore (Democratic)Jimmy Gomez (Democratic)Bradley Scott Schneider (Democratic)Alcee L. Hastings (Democratic)Lloyd Doggett (Democratic)Gerald E. Connolly (Democratic)Chellie Pingree (Democratic)Bill Pascrell (Democratic)Mike Levin (Democratic)Judy Chu (Democratic)

Ways and Means Committee

Taxation

Related Bills

  • HR 116-5166: Mechanical Insulation Installation Incentive Act of 2019
  • HR 116-2040: Clean Energy Production Parity Act of 2019
  • HR 116-5165: Innovative Energy Manufacturing Act of 2019
  • HR 116-5163: Green Bus Tax Credit Act of 2019
  • HR 116-5157: Renewable Energy Investment Act of 2019
  • HR 116-4887: Incentivizing Offshore Wind Power Act
  • S 116-1094: Driving America Forward Act
  • S 116-4664: A bill to amend the Internal Revenue Code of 1986 to provide an exclusion from gross income for certain waste water management subsidies.
  • HR 116-2: Moving Forward Act
  • HR 116-2313: Water Conservation Rebate Tax Parity Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Advanced technology and technological innovationsAir qualityAlternative and renewable resourcesClimate change and greenhouse gasesCommutingCongressional oversightElectric power generation and transmissionEmployee benefits and pensionsEmployee hiringEnergy efficiency and conservationEnergy storage, supplies, demandEnvironmental assessment, monitoring, researchEnvironmental educationEnvironmental regulatory proceduresFloods and storm protectionGovernment information and archivesGovernment studies and investigationsHigher educationHousing industry and standardsHybrid, electric, and advanced technology vehiclesIncome tax creditsIncome tax deductionsIncome tax exclusionLabor standardsLicensing and registrationsMotor fuelsMotor vehiclesPedestrians and bicyclingProperty taxResearch administration and fundingSales and excise taxesState and local government operationsState and local taxationTax administration and collection, taxpayersWages and earningsWater use and supply