Prioritizing Energy-Efficient Renewables Act of 2017
This bill amends the Internal Revenue Code to: (1) make permanent the tax credits for producing electricity from wind, geothermal energy, hydropower, and marine and hydrokinetic renewable energy facilities; (2) repeal the tax deduction for intangible drilling and development costs for oil and gas wells; (3) repeal the tax deduction for income attributable to the production, refining, transportation, or distribution of oil, natural gas, or any primary product thereof; and (4) repeal the percentage depletion allowance for oil and gas wells.
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