H.R.5523 - Energy Sector Innovation Credit Act of 2019116th Congress (2019-2020) |
|Sponsor:||Rep. Reed, Tom [R-NY-23] (Introduced 12/19/2019)|
|Committees:||House - Ways and Means|
|Latest Action:||House - 12/19/2019 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.5523 — 116th Congress (2019-2020)All Information (Except Text)
Introduced in House (12/19/2019)
Energy Sector Innovation Credit Act of 2019
This bill 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.