3.0.0 1901 2023-01-11T13:27:39Z 2023-01-11T13:27:39Z House HR 2015-04-21 114 [Congressional Record Volume 161, Number 58 (Tuesday, April 21, 2015)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. MARCHANT:H.R. 1901.Congress has the power to enact this legislation pursuantto the following:U.S. Constitution Art. I Sec. 8 cl. 1, under the ``Power Tolay and collect Taxes'';Amd. 16, under the ``power to lay and collect taxes onincomes, from whatever source derived, without apportionmentamong the several States, and without regard to any census orenumeration''; andArt. I Sec. 8 cl. 18, under the power to ``To make all Lawswhich shall be necessary and proper for carrying intoExecution the foregoing Powers, and all other Powers vestedby this Constitution in the Government of the United States,or in any Department or Officer thereof.''[Page H2355]]]> hswm00 Ways and Means Committee House Standing Referred to 2015-04-21T16:02:30Z PTC Elimination Act 114 2158 S 2015-10-07 Read twice and referred to the Committee on Finance. Related bill CRS 2015-04-30 Sponsor introductory remarks on measure. (CR H2671) IntroReferral B00100 9 Library of Congress 2015-04-21 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2015-04-21 Introduced in House IntroReferral Intro-H 9 Library of Congress 2015-04-21 Introduced in House IntroReferral 1000 9 Library of Congress M001158 Rep. Marchant, Kenny [R-TX-24] Kenny Marchant R TX 24 N P000602 Rep. Pompeo, Mike [R-KS-4] Mike Pompeo R KS 4 2015-04-21 True J000174 Rep. Johnson, Sam [R-TX-3] SAM JOHNSON R TX 3 2015-04-21 True P000605 Rep. Perry, Scott [R-PA-4] Scott Perry R PA 4 2015-04-21 True F000461 Rep. Flores, Bill [R-TX-17] Bill Flores R TX 17 2015-04-21 True S001154 Rep. Shuster, Bill [R-PA-9] Bill Shuster R PA 9 2015-04-21 True S001176 Rep. Scalise, Steve [R-LA-1] Steve Scalise R LA 1 2015-04-21 True B000213 Rep. Barton, Joe [R-TX-6] JOE BARTON R TX L. 6 2015-04-23 False H001052 Rep. Harris, Andy [R-MD-1] Andy Harris R MD 1 2015-04-30 False G000552 Rep. Gohmert, Louie [R-TX-1] Louie Gohmert R TX 1 2015-05-01 False S001189 Rep. Scott, Austin [R-GA-8] Austin Scott R GA 8 2015-05-01 False J000255 Rep. Jones, Walter B., Jr. [R-NC-3] WALTER JONES R NC B. 3 2015-05-08 False L000564 Rep. Lamborn, Doug [R-CO-5] Doug Lamborn R CO 5 2015-05-08 False R000582 Rep. Roe, David P. [R-TN-1] David Roe R TN P. 1 2015-05-08 False D000616 Rep. DesJarlais, Scott [R-TN-4] Scott DesJarlais R TN 4 2015-05-08 False H001059 Rep. Hultgren, Randy [R-IL-14] Randy Hultgren R IL 14 2015-05-12 False C001051 Rep. Carter, John R. [R-TX-31] John Carter R TX R. 31 2015-05-14 False O000168 Rep. Olson, Pete [R-TX-22] Pete Olson R TX 22 2015-05-15 False G000568 Rep. Griffith, H. Morgan [R-VA-9] H. Griffith R VA Morgan 9 2015-06-01 False C001048 Rep. Culberson, John Abney [R-TX-7] JOHN CULBERSON R TX ABNEY 7 2015-06-12 False J000289 Rep. Jordan, Jim [R-OH-4] Jim Jordan R OH 4 2015-06-17 False R000587 Rep. Ribble, Reid J. [R-WI-8] Reid Ribble R WI J. 8 2015-06-24 False S000364 Rep. Shimkus, John [R-IL-15] JOHN SHIMKUS R IL M. 15 2015-06-25 False M001151 Rep. Murphy, Tim [R-PA-18] Tim Murphy R PA 18 2015-07-07 False B001283 Rep. Bridenstine, Jim [R-OK-1] Jim Bridenstine R OK 1 2015-07-07 False B001274 Rep. Brooks, Mo [R-AL-5] Mo Brooks R AL 5 2015-07-07 False B001282 Rep. Barr, Andy [R-KY-6] Andy Barr R KY 6 2015-07-07 False G000560 Rep. Graves, Tom [R-GA-14] Tom Graves R GA 14 2015-07-13 False G000565 Rep. Gosar, Paul A. [R-AZ-4] Paul Gosar R AZ A. 4 2015-07-13 False G000289 Rep. Goodlatte, Bob [R-VA-6] ROBERT GOODLATTE R VA W. 6 2015-07-14 False G000558 Rep. Guthrie, Brett [R-KY-2] Brett Guthrie R KY 2 2015-07-14 False L000571 Rep. Lummis, Cynthia M. [R-WY-At Large] Cynthia Lummis R WY M. 0 2015-07-14 False W000819 Rep. Walker, Mark [R-NC-6] Mark Walker R NC 6 2015-07-16 False D000615 Rep. Duncan, Jeff [R-SC-3] Jeff Duncan R SC 3 2015-07-16 False H001045 Rep. Harper, Gregg [R-MS-3] Gregg Harper R MS 3 2015-07-22 False N000185 Rep. Nugent, Richard B. [R-FL-11] Richard Nugent R FL B. 11 2015-07-22 False C001103 Rep. Carter, Earl L. "Buddy" [R-GA-1] Earl Carter R GA L. "Buddy" 1 2015-07-23 False W000796 Rep. Westmoreland, Lynn A. [R-GA-3] Lynn Westmoreland R GA A. 3 2015-07-27 False B001290 Rep. Brat, Dave [R-VA-7] Dave Brat R VA 7 2015-07-29 False S001183 Rep. Schweikert, David [R-AZ-6] David Schweikert R AZ 6 2015-07-29 False R000601 Rep. Ratcliffe, John [R-TX-4] John Ratcliffe R TX 4 2015-07-29 False L000583 Rep. Loudermilk, Barry [R-GA-11] Barry Loudermilk R GA 11 2015-08-04 False F000458 Rep. Fincher, Stephen Lee [R-TN-8] Stephen Fincher R TN Lee 8 2015-09-08 False M001182 Rep. Mulvaney, Mick [R-SC-5] Mick Mulvaney R SC 5 2015-09-09 False F000448 Rep. Franks, Trent [R-AZ-8] Trent Franks R AZ 8 2015-09-10 False W000814 Rep. Weber, Randy K., Sr. [R-TX-14] Randy Weber R TX K. 14 2015-09-15 False A000055 Rep. Aderholt, Robert B. [R-AL-4] ROBERT ADERHOLT R AL B. 4 2015-09-15 False C001092 Rep. Collins, Chris [R-NY-27] Chris Collins R NY 27 2015-09-17 False L000573 Rep. Labrador, Raul R. [R-ID-1] Raul Labrador R ID R. 1 2015-10-21 False R000604 Rep. Russell, Steve [R-OK-5] Steve Russell R OK 5 2015-10-22 False H001036 Rep. Hensarling, Jeb [R-TX-5] Jeb Hensarling R TX 5 2015-11-16 False S000250 Rep. Sessions, Pete [R-TX-32] PETE SESSIONS R TX 32 2015-12-08 False B001291 Rep. Babin, Brian [R-TX-36] Brian Babin R TX 36 2015-12-08 False K000363 Rep. Kline, John [R-MN-2] John Kline R MN 2 2016-01-06 False Taxation Alternative and renewable resources Corporate finance and management Electric power generation and transmission Income tax credits Income tax rates Taxation 00 2015-04-21 Introduced in House 2015-06-18T19:23:42Z PTC Elimination Act

This bill amends the Internal Revenue Code to phase out and eventually eliminate the tax credit for production of electricity from renewable resources. The bill repeals the inflation adjustment for current recipients of the tax credit and modifies the "beginning of construction" requirement to require that construction of an eligible project is continuous and makes significant progress. The credit is repealed in its entirety after December 31, 2025.

The bill expresses the sense of Congress that the credit should be allowed to expire and should not be extended beyond its expiration date.

The bill also reduces the corporate income tax by an applicable percentage based on increases in revenues resulting from this bill.

]]> PTC Elimination Act Display Title PTC Elimination Act Official Title as Introduced To amend the Internal Revenue Code of 1986 to phaseout and repeal the credit for electricity produced from certain renewable resources, to reduce the corporate income tax, and for other purposes. Introduced in House IH Short Titles as Introduced PTC Elimination Act Introduced in House 2015-04-21T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114hr1901ih/xml/BILLS-114hr1901ih.xml 2015-04-30 Sponsor introductory remarks on measure. (CR H2671) text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.