Energy Sector Innovation Credit Act of 2019 This bill allows new tax credits for investment in emerging energy technology and for the production of electricity from such technology. The bill also allows an energy tax credit for energy storage technologies, including equipment which 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.
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Timeline
Introduced in House
Referred to the House Committee on Ways and Means.
Introduced in House
Referred to the House Committee on Ways and Means.
Taxation
Advanced technology and technological innovationsAir qualityAlternative and renewable resourcesBuilding constructionElectric power generation and transmissionEnergy efficiency and conservationEnergy storage, supplies, demandIncome tax creditsPerformance measurementTransfer and inheritance taxesWater use and supply
Energy Sector Innovation Credit Act of 2019
USA116th CongressHR-5523| House
| Updated: 12/19/2019
Energy Sector Innovation Credit Act of 2019 This bill allows new tax credits for investment in emerging energy technology and for the production of electricity from such technology. The bill also allows an energy tax credit for energy storage technologies, including equipment which 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.
Advanced technology and technological innovationsAir qualityAlternative and renewable resourcesBuilding constructionElectric power generation and transmissionEnergy efficiency and conservationEnergy storage, supplies, demandIncome tax creditsPerformance measurementTransfer and inheritance taxesWater use and supply