US HB5523 | 2019-2020 | 116th Congress
Status
Spectrum: Slight Partisan Bill (Republican 7-4)
Status: Introduced on December 19 2019 - 25% progression, died in committee
Action: 2019-12-19 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on December 19 2019 - 25% progression, died in committee
Action: 2019-12-19 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
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.
Title
Energy Sector Innovation Credit Act of 2019
Sponsors
| Rep. Tom Reed [R-NY] | Rep. Jimmy Panetta [D-CA] | Rep. Darin LaHood [R-IL] | Rep. Thomas Suozzi [D-NY] |
| Rep. Josh Gottheimer [D-NJ] | Rep. David Schweikert [R-AZ] | Rep. Mark Amodei [R-NV] | Rep. Patrick McHenry [R-NC] |
| Rep. Terri Sewell [D-AL] | Rep. Elise Stefanik [R-NY] | Rep. Don Bacon [R-NE] |
History
| Date | Chamber | Action |
|---|---|---|
| 2019-12-19 | House | Referred to the House Committee on Ways and Means. |
| 2019-12-19 | House | Introduced in House |
Subjects
Advanced technology and technological innovations
Air quality
Alternative and renewable resources
Building construction
Electric power generation and transmission
Energy efficiency and conservation
Energy storage, supplies, demand
Income tax credits
Performance measurement
Taxation
Transfer and inheritance taxes
Water use and supply
Air quality
Alternative and renewable resources
Building construction
Electric power generation and transmission
Energy efficiency and conservation
Energy storage, supplies, demand
Income tax credits
Performance measurement
Taxation
Transfer and inheritance taxes
Water use and supply
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/house-bill/5523/all-info |
| Text | https://www.congress.gov/116/bills/hr5523/BILLS-116hr5523ih.pdf |
