US HB4649 | 2017-2018 | 115th Congress

Status

Spectrum: Moderate Partisan Bill (Democrat 8-1)
Status: Introduced on December 14 2017 - 25% progression, died in committee
Action: 2017-12-14 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Energy Storage Tax Incentive and Deployment Act of 2017 This bill amends the Internal Revenue Code to allow tax credits for: (1) energy storage technologies, and (2) battery storage technology. The bill expands the tax credit for investments in energy property to include equipment that: (1) receives, stores, and delivers energy using batteries, compressed air, pumped hydropower, hydrogen storage (including hydrolysis), thermal energy storage, regenerative fuel cells, flywheels, capacitors, superconducting magnets, or other technologies identified by the Internal Revenue Service; and (2) has a capacity of at least five kilowatt hours. The bill also expands the tax credit for residential energy efficient property to include expenditures for battery storage technology that: (1) is installed on or in connection with a dwelling unit located in the United States and used as a residence by the taxpayer, and (2) has a capacity of at least three kilowatt hours.

Tracking Information

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Title

Energy Storage Tax Incentive and Deployment Act of 2017

Sponsors


History

DateChamberAction
2017-12-14HouseReferred to the House Committee on Ways and Means.
2017-12-14HouseIntroduced in House

Same As/Similar To

SB1868 (Same As) 2017-09-26 - Read twice and referred to the Committee on Finance.

Subjects


US Congress State Sources


Bill Comments

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