H.R.5441 - Energy Opportunity Zones Act of 2018115th Congress (2017-2018)
|Sponsor:||Rep. Carbajal, Salud O. [D-CA-24] (Introduced 04/09/2018)|
|Committees:||House - Ways and Means|
|Latest Action:||House - 04/09/2018 Referred to the House Committee on Ways and Means. (All Actions)|
This bill has the status Introduced
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Summary: H.R.5441 — 115th Congress (2017-2018)All Information (Except Text)
Introduced in House (04/09/2018)
Energy Opportunity Zones Act of 2018
This bill amends the Internal Revenue Code to extend several tax credits related to renewable energy for facilities and energy property located in or placed in service within an energy opportunity zone. An "energy opportunity zone" is a municipality or county that has within its boundaries a nuclear power plant that ceased operation during the 10-year period beginning on January 1, 2018.
The bill also expands the tax credit for investments in energy property to include (1) certain offshore wind property that is located within 50 miles from the boundary of an energy opportunity zone; and (2) other specified equipment that receives, stores, and delivers energy and has a capacity of at least 5 megawatt hours.