Renewable Fuel Equity Act
Last action on Dec 14, 2001Sponsor introductory remarks on measure. (CR E2314-2315)
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Summary
Renewable Fuel Equity Act - Amends the Internal Revenue Code to expand the renewable resources credit to include geothermal and solar energy, incremental hydropower and biomass (other than closed-loop biomass).
Sets forth qualifying dates of service for facilities using such means to produce electricity.
Expands the investment tax credit to include equipment used to produce electricity from certain renewable resources.
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