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Referred to the House Committee on Ways and Means.
Introduced March 14, 2025 by Adrian Smith · Last progress March 14, 2025
Creates a new 30% investment tax credit for eligible hydropower improvement property placed in service. The credit covers upgrades and actions such as fish passage, water‑quality improvements, removal of obsolete obstructions, and bringing approved remote dams into service, and it includes rules for claiming, transferring, and timing of the credit along with related amendments to the Internal Revenue Code.