S.2283 - Waste Heat to Power Investment Tax Credit Act116th Congress (2019-2020) |
|Sponsor:||Sen. Carper, Thomas R. [D-DE] (Introduced 07/25/2019)|
|Committees:||Senate - Finance|
|Latest Action:||Senate - 07/25/2019 Read twice and referred to the Committee on Finance. (All Actions)|
This bill has the status Introduced
Here are the steps for Status of Legislation:
- Passed Senate
- Passed House
- To President
- Became Law
Summary: S.2283 — 116th Congress (2019-2020)All Information (Except Text)
Introduced in Senate (07/25/2019)
Waste Heat to Power Investment Tax Credit Act
This bill amends the Internal Revenue Code to allow an energy tax credit for investment in waste heat to power property.
The bill defines "waste heat to power property" as property (1) comprising a system which generates electricity through the recovery of a qualified waste heat resource, and (2) the construction of which begins before January 1, 2027. "Qualified waste heat resource" is defined as (1) exhaust heat or flared gas from an industrial process that does not have as its primary purpose the production of electricity, and (2) a pressure drop in any gas for an industrial or commercial process.