H122: Renewable Energy Enterprise Zones: A concept ahead of its time, it is still in committee
This legislation will stimulate economic growth by creating Renewable Energy Enterprise Zones (REEZ). A REEZ is a limited geographic region in which specific renewable energy resources are promoted for development. This legislation identifies appropriate incentives and tax benefits designed to stimulate development of resources and distribution systems necessary to bring the energy to market. A REEZ would only be created in areas where local officials and private investors are willing to offer financial, technical, and physical infrastructure support.
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