United States 116th Congress Status: Died 1 D cosponsors

HR 5157 — Renewable Energy Investment Act of 2019

Last action — Referred to the House Committee on Ways and Means.

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  1. ✓
    Introduced
  2. ✓
    In Committee
  3. Died in session

This bill died with 116th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

Renewable Energy Investment Act of 2019 This bill allows Indian tribal governments and other taxpayers to elect to receive tax excludable payments in lieu of credit amounts attributable to the tax credits for energy property and for electricity produced from certain renewable resources. The payments to such other taxpayers are limited to 85% of the credit amounts.

Bill Text

How this bill changes current law

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AI-generated reading aid from the bill's amendatory text — verify against the official bill.

This bill introduces a new elective payment option for certain renewable energy tax credits under the Internal Revenue Code.

  • Internal Revenue Code of 1986, Subchapter B of chapter 65

    SEC. 6431. ELECTIVE PAYMENT FOR ENERGY PROPERTY AND ELECTRICITY PRODUCED FROM CERTAIN RENEWABLE RESOURCES, ETC. (a) Energy Property.--In the case of a taxpayer making an election (at such time and in such manner as the Secretary may provide) under this section with respect to any portion of an energy credit which would (without regard to this section) be determined under section 48 with respect to such taxpayer or any portion of a renewable electricity production credit which would (without regard to this section) be determined under section 45 with respect to such taxpayer, such taxpayer shall be treated as making a payment against the tax imposed by subtitle A for the taxable year equal to-- (1) in the case of an Indian tribal government (within the meaning of such term for purposes of section 139E), the amount of such portion, and (2) in the case of any other taxpayer, 85 percent of such amount. (b) Timing.--The payment described in subsection (a) shall be treated as made on the later of the due date of the return of tax for such taxable year or the date on which such return is filed. (c) Exclusion From Gross Income.--Gross income of the taxpayer shall be determined without regard to this section. (d) Denial of Double Benefit.--Solely for purposes of section 38, in the case of a taxpayer making an election under this section, the energy credit determined under section 45 or the renewable electricity production credit determined under section 48 shall be reduced by the amount of the portion of such credit with respect to which the taxpayer makes such election.

    This establishes a framework for taxpayers to elect for payments against their tax liabilities based on renewable energy investment credits.

  • Internal Revenue Code of 1986, Subchapter B of chapter 65

    ``Sec. 6431. Elective payment for energy property and electricity produced from certain renewable resources, etc.''.

    This adds a new section in the table of sections for subchapter B, creating a point of reference for the newly established elective payment.

Action History

  1. Introduced in House

  2. Introduced in House

  3. Referred to the House Committee on Ways and Means.

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 546 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (546)

546 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

taxation energy
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Frequently asked questions

What does HR 5157 do?
Renewable Energy Investment Act of 2019 This bill allows Indian tribal governments and other taxpayers to elect to receive tax excludable payments in lieu of credit amounts attributable to the tax credits for energy property and for electricity produced from certain renewable resources. The payments to such other taxpayers are limited to 85% of the credit amounts.
Who sponsors HR 5157?
HR 5157 is sponsored by Blumenauer, Earl (Democratic).
What is the current status of HR 5157?
This bill died with 116th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track HR 5157?
Track HR 5157 free on One Click Politics — get push/email alerts when it moves.

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