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Titles (2)

Short Titles

Short Titles - Senate

Short Titles as Introduced

Energy Storage Tax Incentive and Deployment Act of 2019

Official Titles

Official Titles - Senate

Official Titles as Introduced

A bill to amend the Internal Revenue Code of 1986 to provide tax credits for energy storage technologies, and for other purposes.


Actions Overview (1)

Date
04/11/2019Introduced in Senate

All Actions (1)

Date
04/11/2019Read twice and referred to the Committee on Finance.
Action By: Senate

Committees (1)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Reports
Senate Finance04/11/2019 Referred to

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Latest Summary (1)

There is one summary for S.1142. View summaries

Shown Here:
Introduced in Senate (04/11/2019)

Energy Storage Tax Incentive and Deployment Act of 2019

This bill 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.