What does Preamble of HR 2160 do?

This bill proposes to amend the Internal Revenue Code of 1986. The stated purpose is to support upgrades at existing hydroelectric dams. These upgrades aim to increase clean energy production. The bill also seeks to improve the resiliency and reliability of the United States electric grid. Furthermore, it intends to enhance the health of the Nation's rivers and associated wildlife habitats.

What does SHORT TITLE. of HR 2160 do?

This bill is formally titled the Maintaining and Enhancing Hydroelectricity and River Restoration Act.

What does CREDIT FOR MAINTAINING AND ENHANCING HYDROELECTRIC FACILITIES. of HR 2160 do?

This section amends the Internal Revenue Code of 1986 to establish a credit for maintaining and enhancing hydroelectric facilities. The credit is equal to 30 percent of the basis of hydropower improvement property placed in service during a taxable year. Hydropower improvement property includes property that adds or improves fish passage, maintains water quality, promotes sediment transport, upgrades dams to meet safety standards, improves public access, removes obsolete river obstructions, or places into service an approved remote dam. An approved remote dam is defined as a hydroelectric dam exclusively servicing communities not interconnected to certain power grids, licensed before December 31, 2020, not contributing to atmospheric pollution, and with a maximum net output of 20 megawatts. The section also modifies provisions related to elective payment and transfer of the credit, and makes conforming amendments to other sections of the Internal Revenue Code. The amendments apply to property placed in service after December 31, 2022.

Back to bills

Maintaining and Enhancing Hydroelectricity and River Restoration Act — HR. 2160

Last updated: 3/14/2025 · Introduced: 3/14/2025

Author: Adrian Smith (R-NE)

TL;DR (AI)

This bill establishes a tax credit of up to 30 percent for improvements made to existing hydroelectric facilities, including those that enhance fish passage, improve water quality, or upgrade dams to meet safety standards.
The bill defines and provides a tax credit for approved remote dams, which are small hydroelectric dams exclusively serving isolated communities.
The legislation aims to increase clean energy production, improve the reliability of the electric grid, and enhance the health of rivers and wildlife habitats.

119th Congressin committeeOfficial page

Verified Votes

No verified votes yet.

Community Votes

No community votes yet. Be the first!

Voting as guest · Sign in for verified votes

Other Sections

Includes provisions on preamble, short title., and 1 more.

3 sections

Click "Show details" to explore individual sections. Use the community vote above or visit All Sections to vote per section.

Read official text

Want the full experience?

Create a free account to cast verified votes on each section, get a personalized summary, and track your voting history.

Create Free Account