H.R.5155 - Waste Heat to Power Investment Tax Credit Act of 2019116th Congress (2019-2020) |
|Sponsor:||Rep. Schneider, Bradley Scott [D-IL-10] (Introduced 11/19/2019)|
|Committees:||House - Ways and Means|
|Latest Action:||House - 11/19/2019 Referred to the House Committee on Ways and Means. (All Actions)|
This bill has the status Introduced
Here are the steps for Status of Legislation:
- Passed House
- Passed Senate
- To President
- Became Law
Summary: H.R.5155 — 116th Congress (2019-2020)All Information (Except Text)
Introduced in House (11/19/2019)
Waste Heat to Power Investment Tax Credit Act of 2019
This bill amends the Internal Revenue Code to include waste energy recovery property in the 30% energy tax credit, subject to a phaseout.
The bill defines "waste energy recovery property" as property that generates electricity solely from heat from buildings or equipment if the primary purpose of such buildings or equipment is not the generation of electricity. Such property may not have a capacity in excess of 50 megawatts.