The bill proposes a tax credit for maintaining and enhancing hydroelectric facilities to boost clean energy production and river health.

The Maintaining and Enhancing Hydroelectricity and River Restoration Act amends the Internal Revenue Code to create a tax credit for maintaining and enhancing hydroelectric facilities. This credit applies to improvements such as adding or improving fish passage at qualified dams, maintaining water quality, promoting sediment transport, and upgrading dams to meet safety standards. The bill also includes provisions for interconnection property and approved remote dams. The amendments apply to property placed in service after December 31, 2022.

The bill proposes a tax credit for maintaining and enhancing hydroelectric facilities to boost clean energy production and river health.

The Maintaining and Enhancing Hydroelectricity and River Restoration Act amends the Internal Revenue Code to create a tax credit for maintaining and enhancing hydroelectric facilities. This credit applies to improvements such as adding or improving fish passage at qualified dams, maintaining water quality, promoting sediment transport, and upgrading dams to meet safety standards. The bill also includes provisions for interconnection property and approved remote dams. The amendments apply to property placed in service after December 31, 2022.