On April 19, House Ways and Means Select Revenue Measures Subcommittee Chairman Richard Neal (D-MA) will continue hearings on energy and tax policy, with a session that focuses on the current framework of tax incentives encouraging the development of alternative sources of energy. In announcing the hearing, Chairman Neal said, "We need to know which current tax incentives are working and which are not so that we can take that knowledge and apply it to future policy decisions. This hearing will take a deeper look into our tax code to find out if there are ways to update and improve existing tax incentives that encourage the development of alternative sources of energy."
Members of the Committee are in the process of developing an energy tax package, which could be rolled into a larger energy/climate bill and considered by the full House, possibly as early as July or early September. The Senate Finance Committee may consider energy tax legislation even sooner.