US Congress Senate Bill 3159 (Prior Session Legislation)

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Spectrum: Moderate Partisan Bill (Democrat 9-1-1)
Status: Introduced on July 12 2016 - 25% progression, died in committee
Action: 2016-07-12 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Energy Storage Tax Incentive and Deployment Act of 2016 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.

Energy Storage Tax Incentive and Deployment Act of 2016

Sen. Martin Heinrich [D-NM]	Sen. Dean Heller [R-NV]	Sen. Brian Schatz [D-HI]	Sen. Al Franken [D-MN]
Sen. Jeff Merkley [D-OR]	Sen. Angus King [I-ME]	Sen. Jack Reed [D-RI]	Sen. Mazie Hirono [D-HI]
Sen. Kirsten Gillibrand [D-NY]	Sen. Edward Markey [D-MA]	Sen. Dianne Feinstein [D-CA]

Date	Chamber	Action
2016-07-12	Senate	Read twice and referred to the Committee on Finance.

Type	Source
Summary	https://www.congress.gov/bill/114th-congress/senate-bill/3159/all-info
Text	https://www.congress.gov/114/bills/s3159/BILLS-114s3159is.pdf