House Ways and Means Committee Democrats on Nov. 19, 2019, released a discussion draft of the Growing Renewable Energy and Efficiency Now (GREEN) Act, which seeks to expand renewable energy use and reduce greenhouse gas emissions.
The proposal, which is sponsored by Ways and Means Subcommittee on Select Revenue Measures Chairman Mike Thompson (D-CA), is more expansive than the bill (H.R. 3301) approved by the Ways and Means Committee in June of 2019 to extend certain expired or expiring tax provisions through Dec. 31, 2020. The energy tax incentives included in the discussion draft generally would be available through 2024.
The Growing Renewable Energy and Efficiency Now Act is intended to do the following: