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bill Progress


  • Not enacted
    The President has not signed this bill
  • The senate has not voted
  • The house has not voted
      house Committees
      House Committee on Ways and Means
      House Committee on Energy and Commerce
    IntroducedSeptember 14th, 2010

Bill Details

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Title

Renewable Energy Investment Incentive Act of 2010

Official Title

To amend the Internal Revenue Code to extend the production tax credit and investment tax credit, to increase the investment tax credit with respect to equipment used to generate electricity by geothermal power, and to extend specified energy property grants under the American Recovery and Reinvestment Act.

Summary

Renewable Energy Investment Incentive Act of 2010 - Amends the Internal Revenue Code to extend until 2019: (1) the tax credit for the production of electricity from renewable resources; and (2) the energy tax credits for solar energy, fuel cell, and qualified small wind property and geothermal heat pump systems. Allows until 2019 a 30% energy tax credit for equipment used to generate electricity by geothermal power. Amends the American Recovery and Reinvestment Tax Act of 2009 to extend beyond 2010 the grant program for alternative and energy property in lieu of the tax credits for such property.