US SB1142 | 2019-2020 | 116th Congress

Status

Spectrum: Moderate Partisan Bill (Democrat 12-2-1)
Status: Introduced on April 11 2019 - 25% progression, died in committee
Action: 2019-04-11 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Allows 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 2019

Sponsors


History

DateChamberAction
2019-04-11SenateRead twice and referred to the Committee on Finance.

Same As/Similar To

HB2096 (Same As) 2019-04-04 - Referred to the House Committee on Ways and Means.
HB5409 (Related) 2019-12-12 - Referred to the House Committee on Ways and Means.
HB7516 (Related) 2020-07-10 - Referred to the Subcommittee on Coast Guard and Maritime Transportation.

Subjects


US Congress State Sources


Bill Comments

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